Bank of Ireland 2019 Credit Presentation

MREL requirement Loss absorption Amount 14.58% 27.09% MREL Target 0.33% CCYB 1.5% O-SII¹ 2.5% CCB1 2.25% P2R¹ 8% Own Funds Pillar 1 Requirement Recapitalisation Amount 9.62% + Bank of Ireland 2019 Credit Presentation Market Confidence Charge 2.89% 0.33% CCYB 1.5% O-SII¹ -1.25% -0.19%2 2.5% CCB¹ -0.63%2 2.25% P2R1 Own Funds 8% Pillar 1 Requirement 28 28 • The Group has been advised of the decision by the SRB and the Bank of England of its binding MREL requirement to be met by Jan 2021 • This has been set at a level of 11.93% of total liabilities and own funds as at Dec 2017 (equivalent to 27.09% of risk weighted assets) . • Current MREL target calibration excludes introduction of Irish CCyB and increased UK CCyB. Increases to CCyB expected to be included in future calibrations MREL eligible senior debt issuance of c.€1-2bn p.a. expected to meet this requirement MREL ratio of 23.8% based on RWA at Dec 2019 1 Other Systemically Important Institution (O-SII), Capital Conservation Buffer (CCB), Pillar 2 Requirement (P2R) and Countercyclical Buffers (CCyB) 2 Bank specific adjustment of -0.82% Bank of Ireland

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