Investor Presentaiton

Banks passing on rate hikes to businesses Rates on new lending to corporates moving faster than mortgage rates Lending rates to NFCs among highest in Euro Area and have been increasing (grey equals min/max range) Lending volume to SMEs flat but rates have jumped in latest data 7 8465 Percent 4 3 2 1 2008 2010 2012 2014 2016 2018 2020 2022 0 | I | I - Ireland - Euro Area Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency EUR, billion 1.75 1.50 1.25 1.00 0.75 0.50 0.25 0.00 2016 Source: ECB 2018 5.25 - 5.00 - 4.75 4.50 4.25 Percent 4.00 - 3.75 3.50 2020 2022 Gross new lending to SMEs, Ihs Interest rates, gross new lending to SMEs, rhs Source: Central Bank of Ireland 21 21

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