Investor Presentaiton

Capital¹ On track to de-recognise 2009 Preference Shares CET1 ratio Total capital ratio 20.7% 18.3% 15.9% 14.8% Dec 14 Jun 15 Dec 14 Jun 15 Transitional CET1 Ratio Capital Build 1.2% 0.3% 14.8% (0.5%) 12.3% 0.1% 15.9% 13.4% Dec 14 CET1 Impact of Attributable CRD IV profit RWA² Pension deficit Jun 15 CET1 phasing Transitional CET1 ratio (excl Prefs) Transitional CET1 ratio (incl Prefs) Bank of Ireland Group Significant pace of organic capital accretion continued in H1 2015 Robust CET1 ratios Transitional CET1 ratio of 15.9% at H1 2015; 15.8% at Sep 2015 Continue to expect to maintain a buffer above a CET1 ratio of 10%, taking account of the transitional rules and our intention to de-recognise 2009 Preference Shares between Jan 16 and Jul 16 Fully loaded CET1 ratio (excl Prefs) of 11.1%; 10.6% at Sep 2015 Total capital ratio of 20.7%; reflects CET1 increase and €750m of AT1 issuance in June 2015; 20.7% at Sep 2015 Transitional leverage ratio of 7.5%; fully loaded leverage ratio (excl Prefs) of 5.4% RWA density of 40%³ (46% excluding BOI Life assets) On track to de-recognise 2009 Preference Shares (€1.3bn) between Jan 16 and Jul 16 1 Capital ratios have been presented including the benefit of the retained profit for the period. 2 RWA movement is calculated on a constant currency basis. 3 RWA density calculated as RWAS / total balance sheet assets as at June 2015. 13

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