1. Allied Irish Banks, p.l.c., Annual General Meeting, Dublin, 22 April, 2008 Allied Irish Banks, p.l.c., Annual General Meeting, 22 April, 2008 Mr. Dermot Gleeson, Chairman

2. Allied Irish Banks, p.l.c., Annual General Meeting, Dublin, 22 April, 2008 Performance highlights Basic adjusted earnings per share up 13% Increased operating profit in all divisions 57% of profit generated outside Republic of Ireland Continued investment in quality and efficiency Selective acquisitions in Central Europe

3. Allied Irish Banks, p.l.c., Annual General Meeting, Dublin, 22 April, 2008 Progressive dividend policy +10% 2007 total dividend per share up 10% to 79c Compound growth of 10% per annum over 5 years Dividend per share up over 60% in 5 years

4. Allied Irish Banks, p.l.c., Annual General Meeting, Dublin, 22 April, 2008 Financial Markets turmoil Origins in U.S. sub-prime mortgages –emerged with weakening of U.S. economy and housing market –led to higher default rates on sub-prime and other mortages Decline in value of assets led to large write-downs by many financial institutions –resulted in severe tightening of liquidity in wholesale funding markets –critical source of funding for banks and their capacity to lend Uncertainty damaged confidence in stock markets –sharp fall in share prices

5. Allied Irish Banks, p.l.c., Annual General Meeting, Dublin, 22 April, 2008 AIB’s solid capital position No requirement for recourse to shareholders AIB Regulatory min.

6. Allied Irish Banks, p.l.c., Annual General Meeting, Dublin, 22 April, 2008 AIB’s strong funding diversity Stable Customer deposits – 48% Wholesale funding – 43% Capital – 9% At 31 December, 2007, the combined value of our customer accounts (c. 2m customers) and funding maturing after H1, 2008 equated to 94% of customer loans

7. Allied Irish Banks, p.l.c., Annual General Meeting, Dublin, 22 April, 2008 AIB’s robust asset quality 0.9Impaired loans %0.8 4.9Criticised loans / total loans%5.3 0.44Gross new impaired loans%0.45 76Total provisions / impaired loans%71 12Bad debt chargebps9 Dec 2006 Dec 2007 Resilient and diverse property & construction portfolios Low level exposure to assets affected by global market dislocation 2008 guidance – bad debt charge of c. 20 bps

8. Allied Irish Banks, p.l.c., Annual General Meeting, Dublin, 22 April, 2008 Irish economy Slower level of growth in 2008 Adjustment in housing market to more sustainable levels a major contributor to slow down –seen by most economists as a necessary adjustment –most predicting return to higher and better balanced growth levels from 2009 Adjustment has led to concerns over Irish banks exposure to mortgage / property & construction sectors

9. Allied Irish Banks, p.l.c., Annual General Meeting, Dublin, 22 April, 2008 AIB’s solid / resilient residential mortgage portfolio Primary emphasis on repayment capacity –all applications stress tested at higher interest rates –policy on loan to value remains conservative Arrears in portfolio remain low –0.36% of portfolio in 2007

10. Allied Irish Banks, p.l.c., Annual General Meeting, Dublin, 22 April, 2008 AIB’s property & construction portfolio is well diversified Group ROI * Commercial Investment 41% 34% Residential Investment9%7% Commercial Development18%22% Residential Development29%34% Contractors3%3% Total100%100% Balances €m €46.4bn €27.8bn *AIB Bank ROI Division

11. Allied Irish Banks, p.l.c., Annual General Meeting, Dublin, 22 April, 2008 AIB’s property & construction assets well spread geographically U.S.A. – 3% Northern Ireland – 9% Great Britain – 27% Republic of Ireland – 55% Poland – 3% Other – 3% 45% of exposure relates to assets located outside Republic of Ireland