BKIC Bank Irel.pf.a

TIDMBKIC

RNS Number : 3639N

Bank of Ireland(Governor&Co)

19 May 2020

The Governor and Company of the Bank of Ireland

(the Bank)

NOTICE OF REDEMPTION

to the holders of the

EUR750,000,000 Fixed Rate Reset Additional Tier 1 Perpetual Contingent Temporary

Write-Down Securities

(ISIN: XS1248345461 / Common Code: 124834546)

(the Securities)

NOTICE IS HEREBY GIVEN by the Bank to the Securityholders that, pursuant to Condition 6.2 (General redemption option) of the Securities and subject to Condition 6.7 (Conditions to redemption and purchase), including the requirement to obtain Supervisory Permission, the Bank will redeem the Securities in full on 18 June 2020, being the First Call Date (the Redemption Date).

As specified in the terms and conditions of the Securities, the Securities will, subject to Condition 6.7 (Conditions to redemption and purchase), be redeemed at their Prevailing Principal Amount, together with accrued and unpaid interest to (but excluding) the Redemption Date. The Bank shall notify Securityholders if the conditions to redemption of the Securities specified in Condition 6.7 (Conditions to redemption and purchase) are not satisfied on or prior to the Redemption Date.

The Securities are currently held via the Euroclear or Clearstream, Luxembourg clearing systems. Securityholders should therefore look to their respective clearing system for payment of amounts due to them upon redemption of the Securities.

Following redemption of the Securities, (i) the Securities will be cancelled and no further payments of interest will be made and (ii) a request will be made to the Irish Stock Exchange plc trading as Euronext Dublin for the listing of the Securities on the Official List of Euronext Dublin and the admission to trading on the regulated market of Euronext Dublin to be cancelled.

In accordance with Condition 9 (Prescription) of the Securities, claims against the Bank for the payment of principal and interest in respect of the Securities shall be prescribed upon the expiry of 10 years (in the case of principal) and 5 years (in the case of interest) from the Relevant Date, subject to the provisions of Condition 7 (Payments).

Unless otherwise defined in this Notice, terms used in this Notice have the meanings given to them in the terms and conditions of the Securities.

For further information, please contact:

The Governor and Company of the Bank of Ireland

Alan McNamara

Alan.mcnamara@boi.com

+353 7662 48725

Dated: 19 May 2020

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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