Bank of Ireland Financial Overview

Structural hedge providing NII resilience Structural hedge (gross fixed leg income)¹ Avg volume Avg rate €36bn 0.23% €84m For footnotes please refer to slide 38 FY21 Bank of Ireland €44bn 0.45% €199m FY22 €65bn 1.49% €60-65bn €972m FY23 Actual income Already hedged Expected future income Illustrative NII sensitivity² c.€1bn FY24e Higher structural hedge volumes in 2023 primarily due to growth in current a/c balances and decisions taken in 2022 c.€9bn maturing annually; average hedge duration 3.5yrs; exit rate 1.65% c.10% growth of gross hedge income expected in 2024 Hedge volumes to decrease modestly reflecting flow to term assumption NII sensitivity to lower rates materially reduced through increased structural hedge EUR GBP USD Total +100bps -100bps €130m €25m €15m €170m (€260m) (€35m) (€20m) (€315m) 14

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