Disposal of approximately 5.0% of AIB Group plc

Further to his announcement on 27 June 2022, the Minister for Finance Paschal Donohoe announces the successful completion of the disposal of part of the Irish State’s shareholding in AIB Group plc (the "Company"). The disposal was effected by way of a placing (the "Placing") of shares (the "Placing Shares") in an accelerated book building process to institutional investors.

In summary, following settlement of the Placing which will take place on 30 June 2022:

the shareholding of the Irish State will be reduced from 1,831.9 million ordinary shares, representing approximately 68.5% of the ordinary share capital of the Company, to 1,698.3 million ordinary shares, representing approximately 63.5% of the ordinary share capital
accordingly, the overall size of the State’s shareholding will be reduced by approximately 5.0%
the Placing price was €2.28 per share. As a result, the gross proceeds from the sale of the Placing Shares will be €304.8 million. Upon settlement, this sum will be returned by the Ireland Strategic Investment Fund to the exchequer

The Minister for Finance has undertaken not to sell further shares in the Company for a period of 90 calendar days following the completion of the Placing without prior written consent.

N.M. Rothschild & Sons Limited (“Rothschild & Co”) is acting as independent financial adviser and William Fry LLP and Allen & Overy LLP are acting as legal counsel to the Department of Finance in connection with the sale

Disposal of approximately 5.0% of AIB Group plc

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