Investor Presentaiton

BOI Credit Ratings STANDARD & POOR'S Senior Unsecured BBB- (Positive) Issuer Specific Rating Progress on BOI Credit Ratings MOODY'S Baa2 (Positive) Bank of Ireland Group Fitch Ratings BBB- (Positive) Stand Alone Credit Profile: bbb Baseline Credit Assessment (BCA): ba2 Viability Rating: bbb- July 2015: 1 notch upgrade from BB+ to BBB- (Positive outlook) Aug 2016: BBB- rating affirmed by S&P (Positive outlook) May 2015: 2 notch senior unsecured upgrade from Ba1 to Baa2 (Stable outlook) Nov 2015: Outlook upgraded to Positive Dec 2015: 1 notch senior unsecured upgrade from BB+ to BBB- (Positive outlook) Key Rating Drivers Upside could develop from: Reduction in non-performing loans Additional loss-absorbing capacity (ALAC) uplift Improvements in profitability and internal capital generation Reduction in non- performing loans Reduction in non- performing loans Strong internal capital generation 41

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