Settlement Agreement between the Central Bank of Ireland and Allied Irish Banks, p.l.c.

110

April 26 2017

The Central Bank of Ireland (the ‘Central Bank’) fined Allied Irish Banks, p.l.c. (‘AIB’) €2,275,000 and reprimanded it for six breaches of the Criminal Justice (Money Laundering & Terrorist Financing) Act, 2010 (the ‘CJA 2010’). All six breaches have been admitted by AIB. The Central Bank identified six breaches of the CJA 2010 as a result of significant failures in AIB’s anti-money laundering and counter terrorist financing controls, policies and procedures. The breaches occurred after the enactment of the CJA 2010 in July 2010 and persisted on average for over three years.