Investor Presentaiton

Robust capital ratios Dec 2017 Jun 2018 CET1 ratio: Regulatory 15.8% 15.8% Fully Loaded 13.8% 14.1% Tier 1 ratios: Regulatory 17.0% 16.9% Tier 1 & Total Capital . . Tier 1 and Total Capital ratios reflect growth in the CET1 ratio in the period and movement in the haircuts associated with subordinated debt issued by BOIG subsidiaries² Total Capital ratios also include the partial amortisation of Tier 2 instruments Fully Loaded 14.9% 15.2% Total Capital ratios: . Regulatory 20.2% 19.8% Fully Loaded 17.9% 18.1% MREL Regulatory MREL ratio¹ 19.6% • Leverage ratios: Regulatory 7.0% 7.2% Fully Loaded 6.2% 6.4% Risk Weighted Assets: Regulatory €45.0bn €45.8bn MREL MREL target of €13.3bn (representing 26.4% of RWA at Dec 2016) to be met by 1 Jan 2021: • Regulatory MREL ratio of 19.6% at June 2018 (based on RWA at Dec 2016) MREL issuance of c.€4bn-€5bn, allowing for redemptions and an appropriate buffer, to meet MREL requirement by 1 Jan 2021 Risk Weighted Assets RWA has increased from €45.0bn at Dec 2017 to €45.8bn at June 2018 primarily driven by: Fully Loaded €44.8bn €45.6bn • Changes in book size and quality (€0.7bn) Impact of FX movements (€0.1bn) Bank of Ireland Group 'Regulatory MREL Ratio for 2018 is calibrated using December 2016 RWA position as required by 2017 SRB MREL Policy. Pro forma MREL ratio using June 2018 RWA is 21.6% 2Further to EBA Q&A 2017 3329 the calculation of Tier 1 and Total Capital ratios is stated after a prudent application of the requirements of Articles 85/87 of CRR. The application of the requirements of Articles 85/87 by SSM banks is under review by the ECB 19

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