Investor Presentaiton

Capital¹ Continued organic capital generation offset by IAS19 pension deficit Transitional CET1 ratio 0.7% (0.15%) 0.4% (0.20%) 12.9% (0.45%) 13.25% 12.8% Dec 15 CET1 Organic capital generation² FX Other³ Jun 16 CET1 IAS19 (pre IAS19 pension pension deficit deficit movement) movement Impact of CRD IV phasing in 2016 Fully loaded CET1 ratio 0.6% (0.15%) (0.25%) (0.8%) Jun 16 CET1 Bank of Ireland Group Continued organic capital generation offset by IAS19 accounting standard pension deficit; Fully loaded CET1 ratio of 10.7% Transitional CET1 ratio of 12.8% Transitional Total Capital ratio of 17.2% Transitional leverage ratio of 6.6%; Fully loaded leverage ratio of 5.6% IAS19 accounting standard defined benefit pension deficit of €1.2bn (Dec 15: €0.74bn) Aim is to have a sustainable dividend External factors, including UK's EU referendum result, may impact timing of our ambition to recommence dividends 11.3% 11.5% 10.7% Dec 15 CET1 Organic capital generation² FX Other³ Jun 16 CET1 (pre IAS19 IAS19 pension Jun 16 CET1 pension deficit deficit movement) movement 1Capital ratios have been presented including the benefit of the retained profit during the period 2Organic capital generation consists of attributable profit, AFS reserve movements and the reduction in the DTA deduction (DTAs that rely on future profitability). Transitional organic capital generation is 10bps higher due to the phasing impacts on AFS reserves and DTA deduction Other items relate primarily to 10%/15% threshold deduction and change in RWA on a constant currency basis 14

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