AIB- Form TR-1 Notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland)i

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Allied Irish Banks, p.l.c. ("AIB")

2. Reason for the notification (please tick the appropriate box or boxes):

[X] An acquisition or disposal of voting rights

[ ] An acquisition or disposal of financial instruments

[ ] An event changing the breakdown of voting rights

[ ] Other (please specify)iii:

3. Details of person subject to the notification obligationiv :

Name:

The Minister for Finance of Ireland (the "Minister")

City and country of registered office (if applicable):

N/A

4. Full name of shareholder(s) (if different from 3.)v:

BNY Custodial Nominees (Ireland) Limited

5. Date on which the threshold was crossed or reachedvi:

27 June 2017

6. Date on which issuer notified:

28 June 2017

7. Threshold(s) that is/are crossed or reached:

72%

8. Total positions of person(s) subject to the notification obligation:

% of voting rights attached to shares (total of 9.A)

% of voting rights through financial instruments(total of 9.B.1 + 9.B.2)

Total of both in % (9.A + 9.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

71.12%

71.12%

1,930,436,543

Position of previous notification (if applicable)

99.8688%

9. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:

A: Voting rights attached to shares

Class/type ofshares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

Indirect

Direct

Indirect

IE00BYSZ9G33

1,930,436,543

71.12%

SUBTOTAL A

1,930,436,543

71.12%

B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations

Type of financial instrument

Expirationdatex

Exercise/Conversion Periodxi

Number of voting rights that may be acquired if the instrument is exercised/converted.

% of voting rights

SUBTOTAL B.1

B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations

Type of financial instrument

Expirationdatex

Exercise/Conversion Period xi

Physical or cash settlementxii

Number of voting rights

% of voting rights

SUBTOTAL B.2

10. Information in relation to the person subject to the notification obligation (please tick the applicable box):

[ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii

[X] Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

National Treasury Management Agency (the "NTMA") (as controller and manager of the Ireland Strategic Investment Fund)

71.12%

71.12%

BNY Custodial Nominees (Ireland) Limited

71.12%

71.12%

The ordinary shares of €0.625 each in the capital of AIB ("Shares") owned by the Minster comprise assets of the Ireland Strategic Investment Fund (the "ISIF"). Under the National Treasury Management Agency (Amendment) Act 2014 (as amended) (the "2014 Act"), the Shares are controlled and managed by the NTMA pursuant to directions in writing given to it by the Minister from time to time. Ownership of the ISIF vests in the Minister under the 2014 Act. The Shares owned by the Minister are registered in the name of BNY Custodial Nominees (Ireland) Limited (a professional nominee) for the benefit of the Minister for Finance.

11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]

N/A

12. Additional informationxvi:

The change in the total number of voting rights held by the Minister, as notified in this Form TR-1, results from (i) the disposal of 678,595,310 Shares by the Minister pursuant to the offer more fully described in the prospectus dated 12 June 2017 published by AIB (the "Prospectus") and (ii) the lending of 101,789,296 Shares to Deutsche Bank AG, London Branch pursuant to a stock lending agreement more fully described in the Prospectus, both disposals taking place on 27 June 2017.