Bank of Ireland Group plc – Tier 2 Capital Transaction

12 September 2017: BOIG plc is pleased to announce that it has raised GBP300 million and USD500m of Tier 2 capital with a maturity of 10 years, callable after 5 years. The capital instruments carry a yield of 3.235% and 4.242% respectively

Today’s issuance was well received by investors with the GBP order book more than 4.5 times oversubscribed and the USD order book more than 9.5 times oversubscribed.

Sean Crowe, Group Treasurer, commented ‘’This inaugural issuance from our recently established holding company, BOIG plc, is a milestone transaction for the Group and further enhances the Group’s total capital position. We were particularly pleased with the strong demand from international investors with interest from across Europe, Asia and North America.’’