Retail Deposit Clients

From 24 February 2011, the legal effect of the transfer is that the vast majority of customer deposit accounts held with Anglo branches in Ireland are now held with Allied Irish Banks p.l.c. (AIB) and in the case of those deposits held by Anglo branches in the U.K. are now held with its UK subsidiary, AIB Group (UK) p.l.c.

A decision was taken to exclude a limited number of deposit accounts from the Transfer Order. Anglo Irish Bank will be writing to you shortly to confirm if you are in this category of clients.

Otherwise, the Frequently Asked Questions (FAQs) outlined below address issues affecting clients of the Bank whose deposit(s) have transferred as detailed above.

The decision to make this transfer was made in the context of the National Recovery Plan 2011-2014 and the European Union / International Monetary Fund Programme of Financial Support for Ireland.

Under powers granted by the Credit Institutions (Stabilisation) Act 2010, the Irish Minister for Finance, in consultation with the Central Bank of Ireland, announced the immediate transfer of certain deposits and assets from Anglo Irish Bank to Allied Irish Banks p.l.c.

Please refer to www.finance.gov.ie for the Minister’s Statement in relation to the Transfer Order.

To the extent that relevant deposit protection schemes applied to the deposit(s) prior to transfer:

• Under the terms of this transfer, deposits with Anglo Irish Bank that have been transferred to Allied Irish Banks p.l.c. continue to retain the same level of protection from the Deposit Protection Scheme in respect of amounts up to €100,000, per depositor.
• Where applicable, the protection offered by the Eligible Liabilities Guarantee Scheme 2009 which covers amounts over €100,000 continues to apply.

For further information on deposit protection schemes, please visit www.finance.gov.ie

If you have any queries, please contact Anglo Irish Bank on 1850 44 22 22 or if calling from outside the Republic of Ireland, +353 1 6162494 (Monday to Friday, 8am – 8pm)

Telephone calls are recorded.

Anglo Irish Bank will continue to provide a support service to Allied Irish Banks p.l.c. as the operational aspects of the transfer process are completed. You can be reassured that this announcement does not have an immediate operational impact on deposit(s) held by you. You can continue to operate your deposit(s) as normal.

If you have any queries, please contact Anglo Irish Bank on 1850 44 22 22 or if calling from outside the Republic of Ireland, +353 1 6162494 (Monday to Friday, 8am – 8pm)

Telephone calls are recorded.

No, the interest rate and terms and conditions of your deposit(s) are unaffected by their transfer to Allied Irish Banks p.l.c.

Anglo will continue to provide a support service to Allied Irish Banks p.l.c. as the operational aspects of the transfer process are completed. You will be kept advised of any further changes that may impact on your deposit(s) as the transfer process progresses.

If you have any queries, please contact Anglo Irish Bank on 1850 44 22 22 or if calling from outside the Republic of Ireland, +353 1 6162494

Telephone calls are recorded.