H1 2020 Credit Presentation

Credit Ratings Bank of Ireland H1 2020 Credit Presentation Instrument Ratings (Stand alone BOIG ratings) GovCo MOODY'S Fitch Ratings S&P Global BOIMB BOIG GovCo BOIG GovCo BOIG GovCo (ACS)³ MOODY'S baa2 Stable A2 Stable Fitch Ratings bbb Negative Investment Grade Aaa Aaa Aaa c AAA AAA AAA AAA Aa1 Aa1 Aa1 AA+ AA+ AA+ AA+ Aa2 Aa2 Aa2 Aa3 Aa3 Aa3 A1 A1 A1 A2 A2 S A2 BBB+ Negative A3 A3 A3 < < < < AA AA AA AA AA- AA- AA- AA- A+ A+ A+ A+ A A A A- A- A- Baa1 Baa1 Baa1 BBB+ BBB+ BBB+ BBB+ Baa2 s Baa2 Baa2 BBB BBB BBB BBB S&P Global bbb² Negative A- Negative Sub Investment Grade Baa3 T2 Baa3 Baa3 BBB- BBB- BBB- BBB- Ba1 Ba1 Ba1 BB+1 T2 BB+ BB+ BB+ T2 Ba2 AT1 Ba2 Ba2 BB BB BB T2 BB Ba3 Ba3 Ba3 BB- BB- BB- BB- B1 B1 B1 B+ B+ B+ B+ B2 B2 B2 B B B AT1 B B3 B3 B3 B- B- B- B- (...) (...) (...) (...) (...) (...) (...) C Covered bond S Senior unsecured T2 Tier 2 AT1 Additional Tier 1 1 Fitch rating in respect of BOIG 2.375% 10/2029 2 BOIG (HoldCo) entity rating = BBB- 3 BOIMB is the Group's issuer of Irish Covered Bonds (ACS). Moody's has not yet assigned an issuer rating to BOIMB Bank of Ireland 31

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