Shareholder Information Meeting

Radisson Penn Harris Hotel & Convention Center,

Camp Hill, Pennsylvania,

Wednesday, May 30th, 2007

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 United States Private Securities Litigation Reform Act of 1995. 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. Any ‘forward-looking statements made by or on behalf of the Group speak only as of the date they are made.

visit www.aibgroup.com/investorrelations

Forward looking statements

The results for the year ended 31 December 2006 have been restated to represent Ark Life as a discontinued operation. The following commentary is on a continuing operations basis. The growth percentages (excl. EPS) are shown on an underlying basis, adjusted for the impact of exchange rate movements on the translation of foreign locations’ profit and excluding interest rate hedge volatility under IFRS.

Introduction and welcome

Annual General Meeting video

Presentation of 2006 results

Shareholders’ questions

Agenda

Geographic profile - December 2006

PBT * 50%

Assets 69%

Shareholders 36%Ireland

UK

PBT * 25%

Assets 21%

Shareholders 21%

North America

PBT * 10%

Assets 4%

24.2% stake in M&T Bank

Shareholders 27%

PBT * 13%

Assets 6%

European Shareholders (ex Ireland & UK) 14%

Rest of World

PBT * 1%

Shareholders 2%

Poland

Institutional shareholders 70%

Retail shareholders 30%* Underlying PBT before exceptional & one-off items

2006

Earnings per ADR - basic $6.50 15

Cash dividend paid per ADR $1.91 10

Cost / income ratio 53.5% 1.7

Return on Equity 29.0%

Underlying change %

* Basic earnings per share less profit on disposal/development of properties, businesses and interest rate hedge volatility

*

Financial highlights

GDP % 2006 (e) 2007 (f)

Ireland 6.0 5.0

UK 2.7 2.8

USA 3.3 2.2

Poland 6.1 5.8

Eurozone 2.7 2.7

Strong economic backdrop

AIB – a snapshot

Single enterprise support framework

Ireland UKCapitalMarkets Poland M&T

“The 4 Pillars” “Store of Value”

+ + + +

18%19%

26%

17%18%

Loans Deposits . Net InterestIncome

Other income TotalOperating

IncomeNet Interest

Margin-12 bps

Organic growth - best use of capital

- solid capital and funding positions

Buoyant customer demand

13% 1%

25%10% 50%

Distinctive and evolving profit profile

3%14%

19%64%

ROI

USA

UK

Poland

RoW

December 2003

Pre-tax profit by geography

* Continuing operations less profit on disposal / development of properties & businesses and interest rate hedge volatility

December 2006*

Income / cost gap + 4%

Income 19%

Making competitive gains from a prime position

Business lending 38% - gaining market share

Personal lending 27% - gaining market share

Mortgage lending 26% - maintaining market share

Deposits 20% - gaining market share

Setting the improved customer proposition agenda Attacking an underweight position in the retail market

More regular savers today than at 1st SSIA maturity

Strong progress in wealth management

Costs 15%; includes significant element of one-off / non-recurring items

AIB Bank Republic of Ireland - €942m 23%operating profit

Capital Markets - €508m 29%operating profit

Trading Income

17%

Fee Income32%

Interest Income

51%

Resilient, recurring, low volatility earnings Customer income 83% 10 year PBT CAGR 20%

Rigorous pricing and return discipline Proven skills transfer capability

c. 76% of Corporate Banking profit earned internationally Outstanding credit risk management; early and conservative recognition of

impaired loans and provision requirements

Income / cost gap +3%

Treasury22%

Inv. Banking /

AIA17%

Corporate Banking

61%

2006 profit contribution

Corporate Banking 42% Treasury 2% Investment Banking 62%

AIB Bank United Kingdom - €378m 18%operating profit

Investing in people, locations and delivery channels Diversifying and developing income streams Established “bank of choice” in chosen mid market sectors driving income &

avoiding adverse selection

16

24

26

19

GB NI

LoansDeposits

Franchise quality reflected by broad volume growth

Income / cost gap + 6%

2006 profit contribution Great Britain 23% Northern Ireland 11%

GB55%

NI 45%

4844

33 39

10 10

9 7

2005 2006

Other

FX

Fees

NII

11%13%

10%

15%

25%

26%

Mutual funds

Banking fees

eBus & payments

Brokerage fees

FX

Other

Income / cost gap + 10% Strong business volume increases in a high growth

economy Business lending 25% Retail cash lending 54% Mortgages 26% Business deposits 26% Personal deposits 8%

Expanding and deepening our footprint; adding branches, business centres, channels

Investment funds 123% No. 2 market position c. 250,000 customers

Brokerage services 84% No. 1 market position

Total income % mix

Broad based fee income

Poland – €201m 52%operating profit

Objectives Rapid speed to market Volume growth cost

indifference Support business volume

growth Business acquisition

capability

RiskManagedCost

Service Quality

Operational Excellence

Reconfiguring, redeploying,

simplifying, standardising ……….

Update on work in progress 40+ change programmes impacting

every AIB business unit including new banking platforms, branch activity displacement, new data centres

4,000 people deployed 2006-2009 €400m investment;

40% now spent

Significant gains in unit cost of production / procurement

Ramp up in use of channels & technology

Investing to support growth – our single enterprise approach

M&T - €141m 4%

EPS 10%; 13th consecutive year of double digit growth

Contribution to AIB reduced by one off reclassification of provisions

Tight cost management in a lower income growth environment

Q4 cost / income ratio 50.2%

Solid asset quality; NPLs 0.52%; allowance for credit losses 1.51% of total loans

AIB shareholding 24.2%

Ireland

Great Britain

Poland

Rest of World

Over 100,000 more customers than in 2005; increases in both business and personal sectors

Targeting 25% increase in relationship management / sales capacity from 2007-2010

Continuing migration from small to mid-market customers

Consistent customer satisfaction underpins “best business bank” status

Now opening a new branch every 10 days 1.5m customers - 900,000 Internet Banking

customers; 400 branches; 600 ATMs

Leveraging competencies developed in Capital Markets

International expansion – new offices in Canada & Australia

Aggressive organic growth

1814

1915 13

1012

6

22

12

Group AIB BankRoI

CapitalMarkets

AIB BankUK

Poland

Income Costs

4%4%

6%

10%

3%

%

Positive “jaws” in all franchises

2005 2006

1.0 Impaired loans (ILs) % 0.9

0.4 Gross new ILs % 0.4

78 Total provisions / ILs % 76

15 Bad debt charge bps 12

Strong asset quality

Solid capital position

Dec Jun-06 Dec-06

7.2%

8% 8.2%

Preference share % Tier 1

Total capital ratio 11.1%

Tier 1 8.2% (target minimum c. 7%)

Core tier 1 6.0% (preference shares 27%, target range 20 – 30%)

Dec 05 Jun 06 Dec 06

23% 30% 27%

Tier 1 ratio

AIB ADR Performancefrom May 2002 to April 2007

AIB ADR 131%

Fulton Bank 5%

Sovereign Bank 78%

PNC 34%

-60%

-40%

-20%

0%

20%

40%

60%

80%

100%

120%

140%

160%

May

-02

Aug-0

2N

ov-0

2Fe

b-03

May

-03

Aug-0

3N

ov-0

3Fe

b-04

May

-04

Aug-0

4N

ov-0

4Fe

b-05

May

-05

Aug-0

5N

ov-0

5Fe

b-06

May

-06

Aug-0

6N

ov-0

6Fe

b-07

AIB US Equity FULT US Equity SOV US Equity PNC US Equity

Relentless execution of our clear agenda

Significant progress being made on our 3 key priorities

Existing Markets - maximising organic growth opportunities

Selected international markets / niches – transferring skills profitably

Single enterprise support framework – achieving efficiency and productivity gains

Shareholder Information Meeting

Radisson Penn Harris Hotel & Convention Center,

Camp Hill, Pennsylvania,

Wednesday, May 30th, 2007

+353-1-660 0311

+353-1-641 2075

Alan Kelly alan.j.kelly@aib.ie +353-1-6412162

Rose O’Donovan rose.m.o’donovan@aib.ie +353-1-6414191

Pat Clarke patricia.m.clarke@aib.ie +353-1-6412381

Alma Pearson alma.e.pearson@aib.ie +353-1-6413469

Our Group Investor Relations Department will be happy to

facilitate your requests for any further information

Visit our website www.aibgroup.com/investorrelations

Contacts

USA

Ann Kerman ann.l.kerman@aibny.com 1-800-458 0348