2018 Credit Presentation

Strong capital generation and position 13.6% Fully loaded CET1 ratio 1.8% (0.4%) (0.6%) (0.7%) (0.4%) 0.1% 2018 Credit Presentation 13.4% 1 Jan 18 CET1 (post IFRS 9 impact 20bps) Organic capital generation Loan growth/ RWA Transformation investment Regulatory Capital Demand² 2018 Dividend Other Dec 18 CET1 Capital position CET1 ratio CET1 movements • Strong capital position - fully loaded CET1 ratio of 13.4% at Dec 2018 • Continued organic capital generation - 180bps of capital generated in 2018 No change to capital guidance; the Group expects to maintain a CET1 ratio in excess of 13% on a regulatory basis and on a fully loaded basis by the end of O-SII phase in period³ 1 Organic capital generation primarily consists of attributable profit and movements in regulatory deductions 2 Regulatory capital demand primarily reflects the impact of TRIM on Irish mortgages 3 The Other Systemically Important Institution (O-SII) buffer will be introduced at 0.5% in July 2019, increasing to 1.0% in July 2020 and 1.5% in July 2021 Bank of Ireland 21 21

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