AIB Capital Markets plc

AIB, originally named Allied Irish Banks Limited, was incorporated in Ireland in September 1966 as a result of the amalgamation of three long established banks: the Munster and Leinster Bank Limited, (established 1885), the Provincial Bank of Ireland Limited (established 1825) and the Royal Bank of Ireland Limited (established 1836). The Group conducts a broad retail and commercial banking business in Ireland, which in addition to being one of the leading branch networks, conducts significant corporate lending and capital markets activities from its offices at Bankcentre and at Dublin's International Financial Services Centre. In addition to its Irish operations, the Group has conducted significantly greater international activities than its principal Irish based competitors since the early 1970s. It has established retail and corporate banking businesses in the United Kingdom (including Northern Ireland, where it also enjoys bank note issuing powers), Poland and the United States, primarily through its 24.3% ownership interest in M&T. It has overseas branches in New York and a subsidiary company in the Isle of Man and Jersey (Channel Islands). It also has representative offices in a number of States in the US. In July 1991, AIB acquired TSB Bank Northern Ireland p.l.c. (TSB NI), a bank with 51 branches in Northern Ireland. In October 1996, AIB's retail operations in the United Kingdom were integrated under the direction of a single board and the enlarged entity was renamed AIB Group (UK) p.l.c. with two distinct trading names 'First Trust Bank' in Northern Ireland and 'Allied Irish Bank (GB)' in Great Britain. The Group entered the Polish market in 1995, when it acquired a minority stake in WBK. Since that time, it has completed a number of other transactions in Poland and through its 70.5% interest in Bank Zachodni WBK S.A. (BZWBK) is responsible for the management of a retail and commercial business that had consolidated total assets of EUR10.1 billion, and deposits of EUR8.2 billion. The Group conducts business directly in the United States through its New York branch and various representative offices, although its primary exposure to the US market results from its shareholding in M&T Bank Corporation (M&T), a New York Stock Exchange-listed commercial banking business based in Buffalo, New York, with significant businesses in Maryland, Pennsylvania and other Eastern states. AIB owns its shareholding by virtue of the 2003 integration of Allfirst Financial Inc (Allfirst) into M&T. AIB's interest in Allfirst dated back to its initial purchase in 1983 of 49% of First Maryland Bancorp (FMB), the subsequent increase in ownership to 100% and a series of acquisitions, the most notable being Dauphin Deposit Bank and Trust Company (Dauphin) a Pennsylvania chartered commercial bankwhich was acquired in 1997. In January 2006, AIB completed a venture that brought together Hibernian Life and Pensions Limited (an Aviva Group p.l.c. subsidiary) and Ark Life under a holding company Hibernian Life Holdings Limited. As a result, AIB owns an interest of 24.99% in Hibernian Life Holdings Limited and has entered into an exclusive agreement to distribute the life and pensions products of the venture.

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Phone: +49 69 9714210
FAX: +49 69 97142116