Result of EGM

The Governor and Company of the Bank of Ireland

(the "Bank")

Resolution Passed at the Extraordinary General Court

The resolution proposed at the Extraordinary General Court of the Bank held today (9 September 2011) (the "Whitewash Resolution") was duly passed.

The result of the voting on the Whitewash Resolution is as follows:

Whitewash Resolution

To approve the increase in the percentage of Ordinary Stock owned or controlled by the Investors without triggering an obligation on such Investors under Rule 9 of the Irish Takeover Rules.

Neither the Investors nor the National Pensions Reserve Fund Commission were permitted to vote on the Whitewash Resolution. Mr. Tom Considine and Mr. Joe Walsh, the two directors nominated by the Minister for Finance pursuant to the CIFS Scheme, did not vote on the Whitewash Resolution.

Terms used and not otherwise defined in this announcement have the meaning given to such terms in the circular published on 24 August 2011 (the "Circular").

The "Vote Withheld" option is provided to enable abstention on any particular resolution. However, it should be noted that a "Vote Withheld" is not a vote in law and was not counted in the calculation of the proportion of the votes "For" and "Against" the Whitewash Resolution.

The full text of the Whitewash Resolution was set out in the Circular which was posted to stockholders on 24 August 2011. A copy of the Circular has been forwarded to the Irish Stock Exchange and is available for inspection at the following location:

Company Announcements Office,

Irish Stock Exchange,

28 Anglesea Street,

Dublin 2,

Ireland.

Tel: + 353 1 6174200

and on the following website:

http://www.hemscott.com/nsm.do

9 September 2011

For further information contact:

Helen Nolan, Group Secretary

Tel: + 353 76 6234710