Bank of Ireland H1 2020 Credit Presentation

27 27 Meaningful buffer to potential MDA¹ restrictions Regulatory CET1 ratio vs MDA Threshold 4.95% Current MDA Buffer 0.7%² 1.0% 0.7%² 1.5% 2.5% 2.5% 14.9% 1.27% 1.27% 4.5% 4.5% Bank of Ireland H1 2020 Credit Presentation Regulatory CET1 ratio of 14.9% at June 2020 - Continued phase-in of existing CRD IV transitional adjustments expected to consume c.25bps per annum to 2024 Previously guided 80bps impact of regulatory capital demand by end 2021 is now materially complete O-SII buffer expected to increase to 1.5% in July 2021 June 2020 Regulatory CET1 ratio of 14.9% provides a buffer of c.4.95% to MDA threshold, pending further AT1/ Tier 2 issuance to meet increased Tier 1/ Tier 2 capital requirements following P2R composition change Further AT1/ Tier 2 issuance could increase distance to MDA threshold to c.5.6% Jun 20: Regulatory CET1 ratio 2020 2021 Regulatory CET1 ratio requirement CCB Tier 1/Tier 2 shortfall Pillar 2 Requirement ■Pillar 1 CCYB ■O-SII 1 The Maximum Distributable Amount is determined as a percentage of attributable profits earned in the period to which the buffer breach and MDA calculation pertains, and will vary depending on the extent of the breach of the CBR which is measured in quartiles (bottom quartile - 0%, second quartile - 20%, third quartile - 40% and top quartile - 60% of profits) 2 Assumes static capital stack with no incremental AT1/ Tier 2 issuance Bank of Ireland

View entire presentation