Investor Presentaiton

BOI Overview Income Statement FY 2014 FY 2015 FY 20164 FY 2017 H1 2018 (€m) (€m) (€m) (€m) (€m) Total income 2,974 3,272 3,126 3,049 1,398 - Net interest income 2,358 2,454 2,298 2,248 1,076 Other income (net) before additional gains 448 591 677 727 312 - Additional gains (incl. ELG fees)1 168 227 151 74 10 Operating expenses (1,601) (1,746) (1,741) (1,796) (882) Transformation Investment charge² (41) (104) (51) Levies and Regulatory charges (72) (75) (109) (99) (67) Operating profit pre-impairment 1,301 1,451 1,235 1,050 398 Net impairment (losses) / gains (472) (296) (178) (15) 81 Share of associates / JVS 92 46 41 43 21 Underlying profit before tax 921 1,201 1,098 1,078 500 Non-core items (1) 31 (63) (226) (46) Profit before tax 920 1,232 1,035 852 454 Net interest margin 2.11% 2.19% 2.20% 2.29% 2.23% Cost income ratio³ Dividend per share 54% 53% 57% 62% 67% 11.50 TBC5 Bank of Ireland Group 'For ease of presentation additional gains has been adjusted to include ELG fees which ceased in 2016 Transformation Investment charge was previously disclosed as 'Core Banking Platform Investment charge', it has been updated to include the broader scope of Transformation covering Culture, Systems and Business Model "Cost income ratio is calculated as operating expenses (excluding levies and regulatory charges) divided by total income "Comparative figures for 2016 have been restated to reflect the impact of the reclassification of the charges relating to the Central Bank of Ireland's Tracker Mortgage Examination Review as non-core and the impact of the voluntary change in the Group's accounting policy for Life assurance operations 5FY 2018 dividend will be decided by the Board at year end consistent with our distribution policy as set out in Slide 42 28

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