Investor Presentaiton

Regulatory Requirements MREL "Informative Target" 27.25% MREL Informative Bank of Ireland Group -1.25% 2.75% Loss absorption amount Recapitalisation + + amount Market Confidence Charge 1.5% OSII² 2.5% CCB 2.25% P2R Target 1.5% OSII 2.5% CCB1 2.25% P2R1 Own Funds 8% Pillar 1 Requirement Own Funds 8% Pillar 1 Requirement 10.25% 14.25% SRB published methodology³ for calculation of informative MREL target MREL Target is expressed as a percentage of Total RWA SRB confirm that "MREL target does not consider bank specific analysis" Regulatory guidance expected during 2017 on: ►MREL requirements Phase-in period Internal MREL requirements / Downstreaming 'Capital Conservation Buffer (CCB) and Pillar 2 Requirement (P2R) 2SREP and O-SII requirement are subject to annual review by the Single Supervisory Mechanism (SSM) and the Central Bank of Ireland (CBI) respectively 3Source: https://srb.europa.eu/en/node/176 15

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