Bank of Ireland Q1 2020 IMS Presentation

21 21 Irish Government COVID-19 response Bank of Ireland Q1 2020 IMS Presentation €13.3bn of measures to address the COVID-19 outbreak; equivalent to 6.8% of GNI or c.4% of GDP Worker support payments • Increased income supports to encourage workers to self isolate if sick, estimated cost of €2.4bn Up to 70% of an employee's take home income (maximum weekly tax free payment of €410) • Pandemic Unemployment Payment (€350 per week vs normal payment of €203 per week) Phase 1 18 May • • • Allow outdoor meetings between people from different households Open up childcare for healthcare workers Phased return of outdoor workers Open retailers which are primarily outdoor or those which were open during the first level of restriction Opening of certain outdoor activities Business supports €200m liquidity support package for vulnerable firms €450m SBCI COVID-19 Working Capital Loan Scheme • Tax debt warehousing - Businesses can "warehouse" tax liabilities for a period of 12 months with no penalties accruing • The waiving of commercial rates for a three month period beginning on 27 March for businesses that have been forced to close due to public health requirements Business Investment Schemes • Pandemic Stabilisation and Recovery Fund - ISIF revising its investment strategy to invest €2bn across businesses employing more than 250 people or with annual turnover in excess of €50m to assist them meet the challenge of COVID-19 • SME Credit Guarantee Scheme - New €2bn lending facility where the government will guarantee 80% of bank loans to qualifying SME's • Restart fund for micro and small business - Grants to be provided at a total cost of €250m • An expansion of the SBCI Future Growth Loan Scheme • €180m Sustaining Enterprise Fund for firms in the manufacturing and international services sectors Irish Government roadmap for reopening Irish society and business Phase 2-8 June • 5km 20km movement • Allow short visits to households • Develop plans and supports to open up businesses and consideration for safety of staff and customers • Open small retail outlets and marts where social distancing can be observed Open public libraries Phase 3-29 June • Opening of crèches, childminders, and pre- schools for children of essential workers in phased manner • Return to work with low levels of interaction • Open non-essential retail outlets with street level entrance and exit • Open playgrounds Phase 4-20 July • Opening of crèches, childminders, and pre-schools for all other workers on a gradually increasing basis Return to work for those who cannot work at home • Gradual easing of . restrictions for higher risk services (e.g. Hairdressers) Opening of museums, galleries and places of worship Phase 5-10 August • Allow larger social gatherings • Return to work across all sectors • On a phased basis, commencing at the beginning of the academic year 2020/2021, opening of primary and secondary schools and 3rd level institutions • Further easing of restrictions on high risk retail services Bank of Ireland

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