Exhibit4.14

[CLIFFORD CHANCE LOGO TOCOME]

EXECUTIONCOPY

J& E DAVY(AS SPONSOR AND AS ANUNDERWRITER)

BIRCHFIELD HOLDINGSLIMITEDANDWATERFORD WEDGWOODPLC

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AMENDMENTAGREEMENT IN CONNECTION WITH THE RIGHTS ISSUE UNDERWRITINGAGREEMENT

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DATED 14DECEMBER 2004

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**THIS AGREEMENT** is made on 14December 2004.

BETWEEN:

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| (1)  | **J & E DAVY**,an unlimited company registered in Ireland under number 106680, havingits registered office at Davy House, 49 Dawson Street, Dublin 2("**Sponsor**" in its capacity as sponsorof the Rights Issue); |

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| (2)  | **J & EDAVY**, an unlimited company registered in Ireland under number106680, having its registered office at Davy House, 49 Dawson Street,Dublin 2 ("**Davy**" in its capacity as anunderwriter of the RightsIssue); |

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| (3)  | **BIRCHFIELD HOLDINGSLIMITED**, an International Business Company registered in theBritish Virgin Islands under number 458528, having its registeredoffice at Trident Chambers, PO Box 146, Road Town, Tortola, BritishVirgin Islands ("**Birchfield**");and |

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| (4)  | **WATERFORD WEDGWOOD PLC**, apublic limited company registered in Ireland under number 11861, havingits registered office at Kilbarry, Waterford (the"**Company**"). |

RECITAL:

The Company, Sponsor, Davy and Birchfield are party to a rightsissue underwriting agreement dated 21 October 2004 (the"**Underwriting Agreement**"). TheCompany, Sponsor, Davy and Birchfield wish to make certain amendmentsto the Underwriting Agreement as set out in this agreement.

**IT IS AGREED** asfollows:

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| 1.  | Terms defined in theUnderwriting Agreement have the same meaning when used in thisAgreement. |

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| 2.  | The references in clauses6.2, 6.3 and 6.4 of the Underwriting Agreement to"9.30  am" shall be deleted andreplaced with "11.00am". |

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| 3.  | The provisions ofthe Underwriting Agreement shall, save as amended by this Agreement,continue in full force and effect withoutamendment. |

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| 4.  | The invalidity, illegalityor unenforceability of any provision of this Agreement shall not affectthe continuation in force of the remainder of thisAgreement. |

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| 5.  | No variation of thisAgreement or any of the documents in the agreed form shall be validunless it is in writing and signed by or on behalf of each of theparties hereto. |

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| 6.  | This Agreement may beexecuted in any number of counterparts each of which when executed byone or more of the parties hereto shall constitute an original but allof which shall constitute one and the sameinstrument. |

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| 7.  | This Agreement isgoverned by Irish law. |

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| 8.  | Each partyirrevocably agrees that the Irish courts shall have non-exclusivejurisdiction to hear and determine any suit, action or proceedings, andto settle any disputes, which may arise out of or in connection withthis Agreement (respectively,"**Proceedings**" and"**Disputes**") and, for such purposes,irrevocably submits to the jurisdiction of the Irish courts. Each partyirrevocably waives any objection which it might at any time have to theIrish courts being nominated as the forum to hear and determine anyProceedings and to settle any Disputes and agrees not to claim that theIrish courts are not a convenient or appropriate forum. Each partyagrees that the process by which any Proceedings are begun in Irelandor elsewhere may be served on it by being posted in accordance withclause 15.9 of the Underwriting Agreement, although this shall notaffect the right to serve process in any other manner permitted bylaw. |

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**IN WITNESS** whereof this Agreementhas been entered into the day and year first herein written.

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| **SIGNED**by  | KyranMcLaughlin |

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| duly authorised for and onbehalf of**J & E DAVY** (in its capacity asSponsor) in the presenceof:-  | Eugenée Mulhern |

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| **SIGNED**by  | KyranMcLaughlin |

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| duly authorised for and onbehalf of**J & E DAVY** (in its capacity as anUnderwriter) in the presenceof:-  | Eugenée Mulhern |

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| **SIGNED**by  | PatrickDowling |

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| duly authorised for and on behalfof**WATERFORD WEDGWOOD plc** in the presenceof:-  | Rosemary Murphy |

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| **SIGNED**by  | Denis C.Tseretopoulos |

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| duly authorised for and onbehalf of**BIRCHFIELD HOLDINGS LIMITED** in the presenceof:-  | Patricia E. Lightbourne,Director |

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|   | #13Eastbrook Road, P.O. Box N784 |

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|   | Nassau,Bahamas |

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