1. Allied Irish Banks, p.l.c. Interim Results 2001

2. 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 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. visit www.aib.ie/investorrelations/home/ Forward looking statement

3. Michael Buckley

4. * excludes €13m goodwill amortised Shareholder value Profit Attributable €463m Tangible EPS * 55.4c Dividend per share 15.4c Return on Equity 20.4% +12% +11%+14% Profit before Taxation €667m 1

5. Strong retail momentum continues in Ireland and Britain - profit up 15% Rep. of Ire. - profit up 16% deposits +16%, home mortgages +22% GB & NI - profit up 13% deposits +18% Capital Markets - profit up 13% corporate banking loans + 27%, fee income + 47% Highlights * Cont …/ * growth since June 2000 2

6. Allfirst - earnings up 6% - Q2 earnings up 10% - strong asset quality Poland- challenging economic conditions - merger completed - investment programme on target Highlights \….. Cont. Cont …/ 3

7. Other income up 13%, now over 40% of total income Prudent provision cover across the Group Profitable Singapore experience Highlights \….. Cont. 4

8. Key performance drivers Strong customer revenues Costs well managed Continued investment for sustainable growth Asset quality maintained 5

9. * for illustrative purposes only Relationship Businesses 98% Asset & Wealth Management & Advisory Business Other Customer driven business - core strength * Banking Business 6

10. Transferable core competence in retail & commercial banking Relationships at heart of our business Focussed Asset & Wealth management Vibrant corporate banking business spans our markets Sharing eBusiness initiatives & exploring opportunities Different markets - one approach 7

11. Outlook - Ireland Above trend growth will be generated by: Harvesting own customer opportunities Further productivity gains through channel optimisation Maintaining asset quality 8

12. Outlook - GB & NI Leveraging off proven success in SME niche Building on unique customer franchise in Northern Ireland Monitoring of market for acquisitions / alliances 9

13. Outlook - USA Restoring revenue momentum by repositioning / business mix Retain asset quality and efficiency foundation Nourish and invest in ‘Not for Profit’ business Actively pursue footprint expansion 10

14. Outlook - Capital Markets Buoyant revenues in corporate banking - domestic and international Strong deal flow in advice led businesses 11

15. Outlook - Poland Building national position from strong regional base - medium term growth - investment in network expansion - investment in new branch banking platform - realise cost benefits of merger Intense focus on loan portfolio 12

16. Conclusion “Strong, deep and resilient franchise” 13

17. Gary Kennedy

18. Performance by division Jun JunChange 2000€m2001 % 323 AIB Bank372 15 164 USA170 4 90 Capital Markets101 13 45 Poland26 (42) (13)Group (2) 609 Group profit before tax667 9 442Group profit after tax502 14 414Group profit attributable 463 12 14

19. Operating income Other income (*constant currency basis +13%) Banking fees and commissions up 16% strong corporate banking, credit card and electronic banking revenues Ark Life up 12% JunJunChange 2000€m2001% 985Net interest income1,0678 611Other income72018 1,596Total operating income1,78712 38.3%Other income ratio40.2% * 15

20. Loan growth Ireland % Rep. of Ireland residential mortgages up 9% 4 6 4 8 -3 7 Since December 2000 16

21. Ireland % 3 4 3 10 4 1 Deposit growth Since December 2000 17

22. Net interest margin H1 H2 H1Change on 20002000%2001 H1 2000 bps 3.102.94Group2.93(17) 2.732.76Domestic2.67(6) 3.403.08Foreign3.16(24) 18

23. 545Staff costs6311612 379Other expenses429139 924Total operating expenses1,0601511 JunJunChangeUnderlying 2000€m2001 %Change % Costs include: BZWBK merger and investment AIA investment Euro and RoI - front loaded salary package Operating expenses 19

24. Cost / income ratio* * tangible (excluding goodwill amortisation) AIB Bank5153 - Republic of Ireland5152 - Northern Ireland & Britain5355 Capital Markets5656 USA6258 Poland8065 JunJun %20012000 20

25. NPLs / loans1.91.9 Bad debts charge / average loans0.280.34 Provisions / NPLs9998 Asset quality Use of group provisions in Poland Specific charge only 0.16% (excluding Poland) Allfirst NPAs down $21m to 0.82% (US GAAP basis) JunJun %20012000 21

26. Jun 00Average Jun 01Average €mLoans %€mLoans % 280.27AIB Bank320.27 180.29USA200.30 110.34Capital Markets100.26 131.02Poland50.31 700.34Total670.28 Provisions for bad debts 22

27. Jun €mJun Constant Currency 2000Assets:2001Change % %Capital Ratios:% 5.4Ordinary equity to assets5.6 6.5Tier 17.4 11.3Total11.8 42,825Loans to customers49,6364 46,499Customer accounts52,4793 74,687Total assets87,8955 Balance sheet / capital ratios 23

28. Summary Leverage franchise to deliver shareholder expectations - consistent EPS and RoE performance - customer driven revenues / productivity - investing for the future - asset quality through economic cycles 24

30. 502Net interest income56913 243Other income2597 745Total operating income82811 394Operating expenses4268 351Operating surplus40215 28Provisions 3214 323Operating profit37015 -Property disposal2 323Profit before taxation37215 JunJunChange 2000€m2001% AIB Bank profit statement 25

31. 261Net interest income28710 171Other income20923 432Total income49615 253Operating costs30621 179Operating surplus1906 18Provisions 209 161Operating profit1706 3Income from associates- 164Profit before taxation1704 JunJunChange 2000€m2001% USA profit statement 26

32. 79Net interest income55(31) 145Other income18629 224Total income2418 124Operating costs1348 100Operating surplus1077 11Provisions 8(32) 89Operating profit9912 1Income from associates2 90Profit before taxation10113 JunJunChange 2000€m2001% Capital Markets profit statement 27

33. 122Net interest income13410 69Other income736 191Total operating income2078 136Operating expenses17730 55Operating surplus30(46) 12Provisions5(59) 43Operating profit25(42) 2Property disposal1 45Profit before taxation26(42) JunJunChange 2000€m2001% Poland profit statement 28

34. Poland Division relative to BZWBK BZWBK (legal entity Polish GAAP)11732 Use of provisions created on acquisition22 Goodwill amortisation re BZ(12) Other adjustments *(16) Poland division26 H1 Jun 2001 PLN€m * includes capital adjustment, consolidation of subsidiaries and alignment with Group accounting policies 29

35. As at December 31, 2000 As at June 30, 2001 NPLs/TotalNPLs/Total ActualProvisions/ActualProvisions/ NPLsAdvancesNPLsNPLsAdvancesNPLs €m%€m% 2321.0125AIB Bank2531.0124 87USA-€m82 810.7205-US$m700.6241 290.4262Capital Markets250.3334 523 Poland- €m609 2,01418.062- Pln m2,05218.061 8711.9100Total9691.999 Non-performing loans by division 30

36. % Return on risk weighted assets 31

37. 20,015AIB Bank22,72814 19,117USA22,18816 12,696Capital Markets 16,74732 3,063Poland4,16436 277Group 2842 55,16866,11120 JunJunChange 2000€m2001 % Risk weighted assets 32

38. ForecastForecast Growth %200020012002 Source: AIB Chief Economist, Group Treasury Both internal and external factors slowing economy Inflation pressures to ease as economy slows 4-5% growth forecast over medium term remains intact Real GDP11.57.07.0 Domestic demand9.76.05.8 Unemployment rate4.23.84.0 Inflation (average)5.34.53.5 Irish economic outlook 33

39. Alan Kellyalan.j.kelly@aib.ie  +353-1-6412162 Conor Herlihyconor.v.herlihy@aib.ie  +353-1-6414191 Pat Clarkepatricia.m.clarke@aib.ie  +353-1-6412381 353-1-660 0311 353-1-641 2075 Our Investor Relations Department will be happy to facilitate your requests for any further information Visit our website www.aib.ie/investorrelations/home/ Contacts