This excerpt taken from the IRE 20-F filed May 29, 2009.
FORWARD LOOKING INFORMATION
Certain statements contained in this Annual Report, including any targets, forecasts, projections and descriptions of anticipated cost savings, statements regarding the possible development or possible assumed future results of operations, any statement preceded by, followed by or that includes the words believes, expects, aims, intends, will, may, anticipates, targets, estimates, plans or similar expressions or the negatives thereof, and other statements that are not historical facts, are or may constitute forward looking statements (as such term is defined in the US Private Securities Litigation Reform Act of 1995). Examples of forward looking statements include among others, statements regarding the Groups future financial position, liquidity, income growth, business strategy, projected costs, projected impairment losses, estimates of capital expenditure, and plans and objectives for future operations. Forward looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by which, such performance or results will be achieved. Forward looking information is based on information available at the time and / or managements good faith belief with respect to future events, and is inherently subject to risk and uncertainties that could cause actual performance or results to differ materially from those expressed or implied by such forward looking statements. Such risks and uncertainties include but are not limited to (i) risks and uncertainties relating to profitability targets, prevailing interest rates, the depth and duration of the recession in the Irish and UK economies, the performance and volatility of the international capital markets, the low levels of activity and valuations in residential and commercial property markets, the expected level of credit defaults, the extent to which the value of securities and other assets held by the Group are impaired due to market or other factors, the Groups ability to expand certain of its activities, development and implementation of the Groups strategy and priorities including the ability to achieve estimated cost reductions, competition, the Groups ability to address information technology issues, regulatory developments and the availability and costs of funding sources particularly in light of developments in international credit markets during the past year; and (ii) other risks and uncertainties detailed in this Annual Report, including under Item 3 Key Information Risk Factors and under Item 11 Quantitative and Qualitative Disclosures about Market Risk. The Group does not undertake to release publicly any revision or update to these forward looking statements to reflect events, circumstances or unanticipated events occurring after the date hereof. If we do update one or more forward looking statements, no inference should be drawn that we will make additional updates with respect thereto or with respect to other forward looking statements.