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Investor Presentaiton

Return on tangible equity (ROTE) H1 2018: Headline vs. Adjusted H1 2018 Headline (€m) 377 Additional gains, & valuations items', net of tax Adjustments H1 2018 net impairment gains, net of tax "Normalised" impairment adjustment, net of tax H1 2018 Adjusted (€m) Profit for the period Non-core items, net of tax 39 Coupon on Additional Tier 1 securities (24) Preference share dividends (3) 389 16 (67) (63) 275 778 550 Adjusted profit after tax Annualised profit after tax At June 2018 Shareholders' equity 9,074 Intangible assets (786) Shareholders' tangible equity 8,228 Average shareholders' tangible equity 8,120 Return on tangible equity (ROTE) 9.6% H1 2018 Adjusted Return on Tangible Equity is adjusted for; Additional gains and valuations items¹, net of tax - €16m Reversal of H1 2018 net impairment gains 2018, net of tax - €67m "Normalised" impairment charge (20bps), net of tax - €63m Bank of Ireland Group Excludes IFRS income classifications of €19m which is fully offset in net interest income 9,074 (786) 8,228 8,120 6.8% 44
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