This announcement contains inside information under Article 17 of Regulation (EU) 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

15 December 2023                                                                                                                         

Permanent TSB Group Holdings plc ('PTSBGH' or the "company")

Permanent TSB Group Holdings plc ('PTSBGH') has been notified by the Central Bank of Ireland ('CBI') of the outcome of its 2023 Supervisory Review and Evaluation Process ('SREP') which is effective from the date of this announcement.

The 2023 SREP decision advises that PTSBGH is no longer prohibited from paying out dividends to shareholders. On a go forward basis, PTSBGH will be required to submit an ex-ante application for a distribution ahead of any Annual General Meeting proposal by the Board for consideration and approval by the CBI.

The Board will update the market on the Company's medium term financial targets and distribution policy during 2024.

For Further Information Please Contact:

Denis McGoldrick                                                 Triona Carroll

Investor Relations                                                Corporate Affairs and Communications

Email: [email protected]                      Email: [email protected]

Phone: +353 87 928 5645                                  Phone: +353 87 069 6348

Note on Forward-Looking Information:

This announcement contains forward-looking statements, which are subject to risks and uncertainties because they relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Bank or the industry in which it operates, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements referred to in this paragraph speak only as at the date of this announcement. The Bank undertakes no obligation to release publicly any revision or updates to these forward-looking statements to reflect future events, circumstances, unanticipated events, new information or otherwise except as required by law or by any appropriate regulatory authority.