Allied Irish Banks, p.l.c. Interim Results 2001

A number of statements we will be making in our presentation and in the accompanying slides will not be based on historical fact, but will be “forward- looking” statements within the meaning of the Private Securities Litigation Reform Act of Actual results may differ materially from those projected in the forward looking statements. Factors that could cause actual results to differ materially from those in the forward looking statements include, but are not limited to, global, national and regional economic conditions, levels of market interest rates, credit or other risks of lending and investment activities, competitive and regulatory factors and technology change. visit Forward looking statement

Michael Buckley

* excludes €13m goodwill amortised Shareholder value Profit Attributable €463m Tangible EPS * 55.4c Dividend per share 15.4c Return on Equity 20.4% +12% +11%+14% Profit before Taxation €667m 1

Strong retail momentum continues in Ireland and Britain - profit up 15% Rep. of Ire. - profit up 16% deposits +16%, home mortgages +22% GB & NI - profit up 13% deposits +18% Capital Markets - profit up 13% corporate banking loans + 27%, fee income + 47% Highlights * Cont …/ * growth since June

Allfirst - earnings up 6% - Q2 earnings up 10% - strong asset quality Poland- challenging economic conditions - merger completed - investment programme on target Highlights \….. Cont. Cont …/ 3

Other income up 13%, now over 40% of total income Prudent provision cover across the Group Profitable Singapore experience Highlights \….. Cont. 4

Key performance drivers Strong customer revenues Costs well managed Continued investment for sustainable growth Asset quality maintained 5

* for illustrative purposes only Relationship Businesses 98% Asset & Wealth Management & Advisory Business Other Customer driven business - core strength * Banking Business 6

Transferable core competence in retail & commercial banking Relationships at heart of our business Focussed Asset & Wealth management Vibrant corporate banking business spans our markets Sharing eBusiness initiatives & exploring opportunities Different markets - one approach 7

Outlook - Ireland Above trend growth will be generated by: Harvesting own customer opportunities Further productivity gains through channel optimisation Maintaining asset quality 8

Outlook - GB & NI Leveraging off proven success in SME niche Building on unique customer franchise in Northern Ireland Monitoring of market for acquisitions / alliances 9

Outlook - USA Restoring revenue momentum by repositioning / business mix Retain asset quality and efficiency foundation Nourish and invest in ‘Not for Profit’ business Actively pursue footprint expansion 10

Outlook - Capital Markets Buoyant revenues in corporate banking - domestic and international Strong deal flow in advice led businesses 11

Outlook - Poland Building national position from strong regional base - medium term growth - investment in network expansion - investment in new branch banking platform - realise cost benefits of merger Intense focus on loan portfolio 12

Conclusion “Strong, deep and resilient franchise” 13

Gary Kennedy

Performance by division Jun JunChange 2000€m2001 % 323 AIB Bank USA Capital Markets Poland26 (42) (13)Group (2) 609 Group profit before tax Group profit after tax Group profit attributable

Operating income Other income (*constant currency basis +13%) Banking fees and commissions up 16% strong corporate banking, credit card and electronic banking revenues Ark Life up 12% JunJunChange 2000€m2001% 985Net interest income1, Other income ,596Total operating income1, %Other income ratio40.2% * 15

Loan growth Ireland % Rep. of Ireland residential mortgages up 9% Since December

Ireland % Deposit growth Since December

Net interest margin H1 H2 H1Change on %2001 H bps Group2.93(17) Domestic2.67(6) Foreign3.16(24) 18

545Staff costs Other expenses Total operating expenses1, JunJunChangeUnderlying 2000€m2001 %Change % Costs include: BZWBK merger and investment AIA investment Euro and RoI - front loaded salary package Operating expenses 19

Cost / income ratio* * tangible (excluding goodwill amortisation) AIB Bank Republic of Ireland Northern Ireland & Britain5355 Capital Markets5656 USA6258 Poland8065 JunJun %

NPLs / loans Bad debts charge / average loans Provisions / NPLs9998 Asset quality Use of group provisions in Poland Specific charge only 0.16% (excluding Poland) Allfirst NPAs down $21m to 0.82% (US GAAP basis) JunJun %

Jun 00Average Jun 01Average €mLoans %€mLoans % AIB Bank USA Capital Markets Poland Total Provisions for bad debts 22

Jun €mJun Constant Currency 2000Assets:2001Change % %Capital Ratios:% 5.4Ordinary equity to assets Tier Total ,825Loans to customers49, ,499Customer accounts52, ,687Total assets87,8955 Balance sheet / capital ratios 23

Summary Leverage franchise to deliver shareholder expectations - consistent EPS and RoE performance - customer driven revenues / productivity - investing for the future - asset quality through economic cycles 24

502Net interest income Other income Total operating income Operating expenses Operating surplus Provisions Operating profit Property disposal2 323Profit before taxation37215 JunJunChange 2000€m2001% AIB Bank profit statement 25

261Net interest income Other income Total income Operating costs Operating surplus Provisions Operating profit1706 3Income from associates- 164Profit before taxation1704 JunJunChange 2000€m2001% USA profit statement 26

79Net interest income55(31) 145Other income Total income Operating costs Operating surplus Provisions 8(32) 89Operating profit9912 1Income from associates2 90Profit before taxation10113 JunJunChange 2000€m2001% Capital Markets profit statement 27

122Net interest income Other income Total operating income Operating expenses Operating surplus30(46) 12Provisions5(59) 43Operating profit25(42) 2Property disposal1 45Profit before taxation26(42) JunJunChange 2000€m2001% Poland profit statement 28

Poland Division relative to BZWBK BZWBK (legal entity Polish GAAP)11732 Use of provisions created on acquisition22 Goodwill amortisation re BZ(12) Other adjustments *(16) Poland division26 H1 Jun 2001 PLN€m * includes capital adjustment, consolidation of subsidiaries and alignment with Group accounting policies 29

As at December 31, 2000 As at June 30, 2001 NPLs/TotalNPLs/Total ActualProvisions/ActualProvisions/ NPLsAdvancesNPLsNPLsAdvancesNPLs €m%€m% AIB Bank USA-€m US$m Capital Markets Poland- €m609 2, Pln m2, Total Non-performing loans by division 30

% Return on risk weighted assets 31

20,015AIB Bank22, ,117USA22, ,696Capital Markets 16, ,063Poland4, Group ,16866,11120 JunJunChange 2000€m2001 % Risk weighted assets 32

ForecastForecast Growth % Source: AIB Chief Economist, Group Treasury Both internal and external factors slowing economy Inflation pressures to ease as economy slows 4-5% growth forecast over medium term remains intact Real GDP Domestic demand Unemployment rate Inflation (average) Irish economic outlook 33

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