Investor Presentaiton

Executive summary " PerpNC [ ] [ ] Fixed Rate Reset Additional Tier 1 Perpetual Contingent Temporary Write-Down Securities Issued by AIB Group plc (HoldCo), in line with group structure and resolution strategy Semi-annual, discretionary, non-cumulative coupons • Offering summary • Par call exercisable at any time during the 6 month before the First Reset Date ◉ 7.0% CET1 ratio trigger Issuance rationale Investment thesis AIB • ■ Expected issue rating: Ba2 by Moody's Simultaneous capped EUR 250m tender for the EUR 500m 7.375% PNC Dec-20 as part of the Group's active management of its consolidated capital profile The transaction is part of AIB's ongoing capital management strategy and fulfilment of its current and future capital and resolution requirements " ■ • AIB is committed to optimising its capital structure at AIB Group plc (HoldCo) The transaction further supports AIB's robust leverage ratio, Tier 1 capital ratio, MREL position It will also fund the concurrent capped tender offer on Allied Irish Banks, p.l.c.'s €500mm 7.375% AT1 Notes callable 3-Dec-2020 (up to €250mm) Leading Irish bank, well positioned and planning for the future Strongly capitalised with resilient buffer to principal and coupon risks - FL CET1 ratio 16.2% (1) and transitional CET1 18.6% (¹) at Q1 2020 • Q1 2020: CET1 buffer to trigger of 11.6% / €6.2bn (Trans) Q1 2020: CET1 headroom to MDA of 7.1% / €3.8bn (Trans) Strong liquidity position, diversified sources of funding and smooth maturity profile LCR 155%, NSFR 132% and LDR 83% " Robust ADI capacity in excess of €4.5bn as at 31 Mar 2020 (1) Pro-forma FL CET1 16.2% and pro-forma Transitional CET1 18.6% both include 90bps indicative TRIM impact for AIB mortgage model and 40bps for cancelled 2019 dividend €217m 8

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