Cancellation of Notes

DATED: May 7, 2015

NOTICE OF DE-LISTING

PERMANENT TSB PLC

56-59 St Stephen's Green,

Dublin 2

Ireland

(the"Issuer")

EUR 400,000,000 10 per cent. Contingent Capital Tier 2 Notes due 2016

(ISIN: IE00B712BB11)

(the "Notes")

The Notes have been cancelled with effect as of 7 May 2015.

The Issuer hereby requests the Irish Stock Exchange to proceed with the de-listing of the Notes with immediate effect.

For and on behalf of the Issuer:

Conor Ryan

Deputy Company Secretary

Tel. +353 1 6695315

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.