2019 Interim Results Credit Presentation

Strategic Priorities: Grow Sustainable Profits 2019 Interim Results Credit Presentation Improved profitability Efficient business Robust capital position Sustainable dividends 1 See Slide 56 for calculation امر if H1 2019 Progress 2021 Target Headline ROTE of 6.8% Adjusted ROTE of 6.5%¹ ROTE in excess of 10% Cost reduction of €30m (3%) vs. H1 2018 Cost base of c.€1.7bn Costs reduce every year: 2018-2021 Cost income ratio of c.50% Fully loaded CET1 ratio of 13.6% CET1 ratio in excess of 13% 7 Dividend accrual of €100m - equivalent to an annualised dividend per share of 18.5c Increase prudently and progressively; over time will build towards a payout ratio of around 50% of sustainable earnings Bank of Ireland

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