Q1 2020 IMS Presentation

Significant buffers to regulatory capital requirements Bank of Ireland Q1 2020 IMS Presentation Previous Revised Pro forma CET1 Regulatory Capital Requirements Requirements Requirements 2020 2020 Pillar 1-CET1 4.50% 4.50% Pillar 2 Requirement (P2R) 2.25% 1.27% Capital Conservation Buffer (CCB) 2.50% 2.50% Countercyclical Buffer (CCyB) 1.20% 0.00% - Ireland (c.60% of RWA) 0.60% 0.00% - UK (c.30% of RWA) 0.60% 0.00% - US and other (c. 10% of RWA) O-SII Buffer 1.00% 1.00% Systemic Risk Buffer - Ireland Pro forma Minimum CET1 Regulatory 11.45% 9.27% Requirements Pillar 2 Guidance (P2G) Not disclosed in line with regulatory preference 13.5% 11.45% 9.27% 14.4% Mar 2020 Fully Loaded CET1 Ratio Mar 2020 Regulatory CET1 Ratio Previous Min. Regulatory Requirements Revised Min. Regulatory Requirements • CET1 headroom of c.510bps to Dec 2020 regulatory capital requirements of 9.27% • • • Credit RWAs expected to reduce in line with lower loan growth expectations, offsetting any risk weight inflation from credit deterioration As previously guided, the net impact of the evolving regulatory framework including EBA and ECB guidelines is expected to consume up to 80bps of CET1 by end 2021, with the majority expected in H1 2020. However, recent European Commission proposals may reduce this impact Flexibility of easing of capital buffers is a helpful contingency In a range of scenarios, fully loaded CET1 ratio would remain above our previous minimum CET1 regulatory capital requirement of 11.45% Bank of Ireland 13

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