Investor Presentaiton

Employment rising 15 Over 130,000 new jobs since start of 2012, gains broadening out across sectors and regions Unemployment rate well below euro area average, down to 9.3% from a peak of c.15 % Employment Consumer returning Core retail sales rose 6.2% year-on-year in Jan - Sept 2015, new car sales up 31.7% in same period 2015f: 2.7% 2016f: 2.4% High consumer confidence, rising employment & incomes and low inflation are supporting spending 2014: 1.7% Rate projected to fall to close to 9% by end 2015 and c.8% by end 2016 Young educated workforce - in top 10 of IMD World Talent Ranking 12. 9 2013 Consumption growth to continue, albeit deleveraging a headwind Unemployment Rate 110- 100- 90- 80- 70 60- 2014 50 2015 2013 Ireland Euro Area Graph shows seasonally adjusted unemployment rate by quarter. Source: CSO, Eurostat Bank of Ireland Group Consumer Spending 2014: 2.0% 2015f: 3.2% 2016f: 3.2% Consumer Confidence 25 15 15 5 -5 -15 -25 2014 2015 Ireland (LHS) Euro Area (RHS) Graph shows consumer confidence indices for Ireland (3m MA) and Euro Area. Source: ESRI, EU Commission 17

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