Investor Presentaiton

H1 2018 Highlights Strong Financial Performance €500m Underlying profit before tax NIM of 2.23% • Net impairment gains of €81m • NPES reduced by 10% to €5.9bn; NPE ratio now at 7.5% Growth €7.7bn 16% increase in new lending volumes Transformation 3% Reduction in costs • Net loan book growth of €0.5bn to €76.6bn New lending up 16% vs. H1 2017; new Irish mortgages up 30% Maintaining strong commercial pricing and risk discipline Costs reduction of €27m (3%) vs. H2 2017 Business model initiatives to drive efficiencies progressing at pace Phase 1 of Core Banking Programme completed in April 2018 Capital 14.1% Strong CET1 ratio Organic capital generation of 90bps Bank of Ireland Group 2

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