Bank of Ireland 2019 Credit Presentation

Financial Targets 2021 Investor Day Bank of Ireland 2019 Credit Presentation Updated Improved profitability ROTE in excess of 10% ROTE of c.8.0% ROTE >10% over longer term Efficient business Cost base of c.€1.7bn in 2021 Costs reduce every year 2018-2021 Cost income ratio of c.50% Cost base of €1.65bn in 2021 Costs reduce every year 2018-2021 Cost income ratio of c.50% over longer term Robust capital position if CET1 ratio in excess of 13.0% CET1 ratio in excess of 13.5% Sustainable dividends Unchanged policy Increase prudently and progressively; over time will build towards a payout ratio of around 50% of sustainable earnings Bank of Ireland 8

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