Investor Presentaiton

Financial Targets 2019 Progress Improved profitability Efficient business Robust capital position Sustainable dividends 1 See slide 54 for calculation ROTE of 6.8%¹ €67m / 4% reduction in costs vs. 2018 E if Fully loaded CET1 ratio 13.8% Bank of Ireland 2019 Results Announcement Updated 2021 Targets ROTE c.8.0% in 2021 ROTE >10% over longer term Cost base of €1.65bn in 2021 Costs reduce every year 2018 - 2021 Cost income ratio of c.50% over longer term CET1 ratio in excess of 13.5% 30 30 Dividend increased to 17.5c per share Unchanged policy: Increase prudently and progressively; over time will build towards a payout ratio of around 50% of sustainable earnings Bank of Ireland

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