Investor Presentaiton

Overview of the UK Economy UK - Stable Economic Growth Good growth rates expected:* GDP Growth (yoy%) 2.7% GDP growth in 2006 4.0 ☐ 2.5% GDP growth in 2007 & 2008 3.0 Improving sentiment in UK housing market More positive economic outlook for 2006 Well positioned in chosen segments Quality of business remains outstanding 2.0 1.0 0.0 2000 2001 2002 2003 2004 2005 2006 (e) ⚫UK -Eurozone Source: Eurostat UK Monthly Mortgage Approvals (000's) *Source: Bank of Ireland Global Markets Economics Research Unit 13 140 132 126 122 117 116 117 114 120 102 102 104 94 96 100- 87 82 80- 60- 40 20 0 T 03q1 03q3 T 04q1 04q3 05q1 05q3 06q1 Source: Bank of England Bank of Ireland Group

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