Barclays Global Financial Services Conference

Credit metrics Ulster Bank is appropriately provisioned - Ulster Bank non-performing loans are appropriately covered 2 And in line with comparative peers Provision % Coverage 3 H112 group provision coverage, % 58 56 46 REIL 7.5 60 4.5 47 4.0 60 3.1 2.6 48 1.9 1.9 1.2 CRE- - CRE Invt. Corporate Mortgages Devt. - Other Allied Irish Bank Ulster Bank Bank of Ireland ■■ Ulster Bank Group provision coverage of 56%; 53% Core, 57% Non-Core. ■ Coverage level in line with closest peers ■Most stressed book - CRE development - provisioned at 60% Expect further rise in REILS, remain cautious on outlook 1 REIL = Risk elements in lending. 2 Balance sheet provision against exposure. 3 Provision balance as a percentage of REIL. **RBS Group 14

View entire presentation