10 April 2025
Bank of Ireland Group plc
( the Issuer)
LEI: 635400C8EK6DRI12LJ39
NOTICE
€675,000,000 Fixed Rate Reset Additional Tier 1 Perpetual Contingent Temporary Write-Down Securities
(ISIN: XS2178043530 / Common Code: 217804353)
(the Securities)
NOTICE IS HEREBY GIVEN by the Issuer to the Securityholders that, having obtained the necessary regulatory approvals, the Issuer will redeem the outstanding Securities in full on the First Call Date (which date for the purposes of this Notice is 19 May 2025) pursuant to Condition 6.2 (General Redemption Option )) of the Securities.
The Issuer previously announced on 10 September 2024 that €506,211,000 in aggregate principal amount of the Securities had been acquired by the Issuer pursuant to a tender offer and cancelled; consequently, €168,789,000 in aggregate principal amount of the Securities are currently outstanding.
As specified in the terms and conditions of the Securities, the outstanding Securities will be redeemed at their Prevailing Principal Amount plus (subject to Condition 4.1 (Cancellation of interest)) any accrued but unpaid interest thereon up to, but excluding, the First Call Date of 19 May 2025.
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 interest payments will be made and (ii) 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 Euronext Dublin Global Exchange Market to be cancelled.
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:
Bank of Ireland Group plc
Alan Elliott
Director of Group Balance Sheet Management & Execution, Group Treasury
alan.elliott@boi.com
+353 87 233 3270