Bank of Ireland 2019 Credit Presentation

Capital/MREL - Summary highlights Capital Economy Growth & Efficiency Bank of Ireland 2019 Credit Presentation • Fully loaded organic capital generation of 170bps in 2019, providing capacity for investment in loan growth, transformation and dividend; unlocked additional 40bps through capital initiatives • Group expects to maintain a CET1 ratio in excess of 13.5% on a regulatory basis and on a fully loaded basis by the end of the O-SII phase-in period¹ • Ireland's leading retail and commercial bank primarily operating in the growing Irish and UK economies. Irish economy continues to perform with strong GDP growth, and unemployment at a 13 year low · €2bn net lending growth in 2019 NPE ratio reduced by 190bps to 4.4%; further progress on NPEs in 2020 • 4% reduction in costs; costs in 2020 to be lower than 2019 2020 CET1 ratio to benefit from organic generation and capital initiatives BOIG on stable rating outlook with Moody's, Standard & Poor's and Fitch Continued progress on Responsible and Sustainable Business Based on current MREL ratio and SRB MREL policy, MREL eligible senior debt issuance of c.€1bn-€2bn p.a. anticipated • Outlook • 1 The Other Systemically Important Institution (O-SII) buffer was introduced at 0.5% in July 2019, increasing to 1.0% in July 2020 and 1.5% in July 2021 30 30 Bank of Ireland

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