Bank of Ireland Media Team

1. Bank of IrelandMedia Team Presented to

2. About Bank of Ireland • Established in 1783 by Royal Charter, Bank of Ireland is a diversified financial services group • One of the largest Financial Services Groups in Ireland with total assets of €131 billion as at Dec 2015 • Ireland’s No.1 Corporate & Treasury bank with >30% market share* • A relationship-driven and full service bank with an extensive branch network in Ireland (c. 250 branches) • Many of Ireland’s leading companies and over 70% of international companies setting up in Ireland have chosen to work with Bank of Ireland**. Broadly held investor base covering Ireland, Europe and North America • Increasing profitability and strong capital generation: Increased underlying Profit before tax to €1.201bn, 30% increase from €921m • Market capitalisation was €10.938bn as at 31 Dec 2015*** • Robust capital ratios: a transitional Common Equity Tier 1 ratio of 13.3% full loaded Common Equity Tier 1 ratio of 11.3% (Dec 2015) * Based on BOI analysis of Independent Industry Statistics. Awarded best in product performance 2014 and best distributor in Ireland at the Structured Retail Products Awards ** BOI analysis of independent industry statistics relating to FDI companies setting up in ROI 2015 *** Marketing Capitalisation is calculated using Bloomberg share price - 33.8c as at close of business 31 Dec 2015 1

3. Bank of Ireland – Key Financials Dublin 2 • Asset quality continues to improve - defaulted loans component of €10.6bn; reduction of 42% from June 2013 • Customer deposits (€80bn) represent c.90% of group funding • Continuing to access wholesale markets at favourable economic costs • Reimbursed State – c.€6bn cash returned versus original investment of €4.8bn. State retains a valuable discretionary c.14% equity shareholding • Positive Credit rating action – Now restored to investment grade by all 3 rating agencies, reflecting the Group’s progress.

4. Worldwide presence Dublin Bristol Belfast London London Chicago IL Chicago Frankfurt Frankfurt Paris Paris New York Stamford CT • Ireland: Leading provider of financial services to corporates • Great Britain: Provide a comprehensive range of financial solutions across several niche sectors • Europe: International lending offices in Frankfurt and Paris • US: Corporate & Treasury office locations in New York, Chicago IL and Stamford CT 3

5. Who are we? • Established in 2005 to create Bank of Ireland’s first specialist team in the UK • Based in London, the TMT team is one of the market’s most experienced and deliver innovative, adaptable and sector specific financing solutions to the ever evolving TMT sector • Geographic focus primarily in the UK and Ireland but with an appetite for mainland Europe, particularly when this is supporting existing clients • Product offering includes Senior Term Loan, Revolving Credit and Acquisition/Capex funding with underwriting/syndication capabilities along with a comprehensive suite of cash investment and treasury solutions • Our expertise and experience will ensure Bank of Ireland is well placed to deliver funding solutions and a value added relationship for your business across the TMT sector 4

6. Our Structure Dublin Corporate & Treasury Division Corporate Banking Global AcquisitionFinance Corporate BankingUK & Ireland Property Finance Group Acquisition FinanceLondon Corporate BankingUK Property Finance London IndustrialManufacturing ConsumerIndustries Healthcare Media Hotels Technology Advanced Industrials Business andSupport Services 5

7. Media – our proposition • Thorough understanding of the market place ensures you will not need to educate us. Our specialist knowledge and experience enables us to take an industry view above all other factors • Strategic relationship approach means that we both originate and portfolio manage transactions within the Media team which provides for ongoing continuity and an informed and proactive banking partner • Operate as a Gateway throughout the sector as a result of the team’s extensive contacts and long standing valued relationships established over more than a combined 70 years as bankers to the Media sector • Industry supporter through our involvement with the various Media institutions, including Royal Television Society, PACT, Royal Academy, Music Publishers Association and IPO • Major trade market and conference participation including MIP TV, MIPCOM, MIDEM, The Guardian Changing Media Summit, FT Digital Media Conference, EuroFinance, ACT and techUK 6

8. Our sector expertise Media Sub-sectors Companies who transact with us Business information, B2B, B2C, books, data management, exhibitions, press, music, education Dublin Publishing Marketing Services PR, agencies, media buyers, direct marketing, below the line, out of home Digital Online content & services, social media, e-commerce, interactive marketing Distribution Music, radio, television, live performance Production Television, theatre, facilities/vfx, training 7

9. Media sub-sectors what we expect to see in 2016 Exhibitions Business Info Digital / Marketing • Information seen as business critical. Strong PE interest • Digital transition largely completed and driving growth • Strong financial dynamics. • Competition often limited, high margins, subscription based, pricing upside • Hugely fragmented market with good Consolidation opportunities • Strong growth characteristics • Increased investment in digital assets/disruptive technology • Recent activity UBM, ITE, Informa, Clarion, Closer Still • Strong financial dynamics • Fragmented market • Potential for event replication • Largely insulated from digital threat Education TV Production B2B / Publishing • Major content owners investing in Europe for scale and global reach • Original ‘content’increasingly being viewed as vital • Changing business models may stimulate M&A activity • Consolidation opportunities – UK market remains fragmented • Huge market and strong PE interest. • Fragmented, niche players,few scale operators. • Positive Structural Dynamics and macro environment. • Growth opportunities from consolidation, digital transition & geographic expansion • Strengthening Digital propositions. • B2B publishers returning to growth • Opportunistic M&A at low multiplies. • Cost management & business model development. • Portfolio restructuring/re-balancing 8

10. Selected Transactions August 2015 June 2015 May 2015 April 2015 January 2015 Refinancing by Leveraged buy-out by £33,000,000 £75,000,000 £76,300,000 €82,500,000 Joint Mandated Lead Arranger Senior Debt Facility Joint Mandated Lead Arranger Senior Debt Facility Senior Debt Facility Mandated Lead Arranger & Bookrunner Senior Debt Facility Agent & Joint Mandated Lead Arranger Senior Debt Facility Mandated Lead Arranger January 2015 January 2015 December 2014 January 2015 August 2014 Leveraged buy-out Leveraged buy-out Merger by Leveraged buy-out £90,000,000 $115,000,000 £287,500,000 £80,500,000 Joint Mandated Lead Arranger Senior Debt Facility Mandated Lead Arranger Unitranche Facility Senior Debt Facility Mandated Lead Arranger & Bookrunner Senior Debt Facility Mandated Lead Arranger & Bookrunner Senior Debt Facility Mandated Lead Arranger & Bookrunner June 2012 October 2013 August 2013 May 2013 September 2012 September 2012 Levereged buy-out by Leveraged buy-out by £65,000,000 & €25,000,000 Senior Debt Facility Agent & Mandated Lead Arranger £16,500,000 £30,000,000 £12,000,000 £255,000,000 £255,000,000 Senior Debt Facility Sole Debt Provider Senior Debt Facility Agent & Joint Mandated Lead Arranger Senior Debt Facility Agent & Joint Mandated Lead Arranger Senior Debt Facility Mandated Lead Arranger Senior Debt Facility Mandated Lead Arranger 9

11. Meet the team Head of Corporate Banking UK Bill Greaves Director Mark Birkenshaw Head of Media Geoff Marchant + 44 (0)20 3201 6087 + 44 (0)7841 724 906 geoffrey.marchant@boi.com +44 (0)20 3201 6084 +44 (0) 7841 724907 bill.greaves@boiuk.com + 44 (0)20 3201 6085 + 44 (0)7841 724 909 mark.birkenshaw@boi.com Relationship Manager Adrian Handley Relationship Manager Faye Donnelly + 44 (0)20 3201 6097 + 44 (0)7876 358904 Adrian.handley@boi.com +44 (0) 20 3201 6244  FayeA.Donnelly@boi.com 10

12. Disclaimer Dublin This document is for informational purposes only and BoI is not soliciting any action based upon it. Any information contained herein is believed by the Bank to be accurate and true but the Bank expresses no representation or warranty of such accuracy and accepts no responsibility whatsoever for any loss or damage caused by any act or omission taken as a result of the information contained in this document. The Proposals contained herein are for discussion purposes only and the issuing of this presentation is not a commitment to enter into any transaction or to negotiate terms or conditions thereof. The decision to make a firm offer in this transaction is subject to, inter alia, BoI’s assessment of the final structure of, and the risks involved in, this transaction, internal credit and syndication approvals, satisfactory outcome of due diligence and the execution by the Principal Borrower of legal documentation acceptable to BoI. Opinions expressed herein reflect the judgement of BoI and may be subject to change without notice if the Bank becomes aware of any information, whether specific to the transaction or general, which may have a material impact on any such opinions. Nothing in this document should be relied on as providing legal, tax or economic advice or recommendations. This document is not intended to provide the basis of an investment decision and you should obtain independent professional advice before making any such decision. This document is the property of BoI. The content is confidential and may not be reproduced, either in whole or in part, without the express written consent of a suitably authorised member of BoI staff. Bank of Ireland is regulated by the Central Bank of Ireland. In the UK, Bank of Ireland is authorised by the Central Bank of Ireland and the Prudential Regulation Authority and subject to limited regulation by the Financial Conduct Authority and the Prudential Regulation Authority. Details about the extent of our authorisation and regulation by the Prudential Regulation Authority, and regulation by the Financial Conduct Authority are available from us on request. A member of Bank of Ireland Group. 11