Appointment of Chief Risk Officer

PERMANENT TSB GROUP HOLDING PLC

19 APRIL 2016

HEADLINE: APPOINTMENT OF CHIEF RISK OFFICER

Permanent TSB Group Holdings plc (the "Company") has today announced that, following receipt of regulatory approval, Stephen Groarke has been appointed as Group Chief Risk Officer (CRO).

Stephen, who is a qualified accountant, has been acting as Interim CRO since September 2015. Prior to taking up the position of Interim CRO, Stephen held the position of Head of Group Finance at Permanent TSB. He previously held senior positions in Bank of Ireland Group and Ulster Bank Group.

The Company has also announced that it is planned to appoint Stephen to the Board as an Executive Director at the next scheduled meeting of the Board, due to take place on the 26 April 2016.

Jeremy Masding, Group Chief Executive, said:

"Since his appointment as interim CRO last year, Stephen has been instrumental in driving new and enhanced internal control and risk management standards for Permanent TSB. I am delighted to have such a talented and respected individual within what is a hugely important function for the Group."

Ciarán Long

Group Secretary

Further Information:

Investors and Analysts:

Rajesh Manirajan

Head of Investor Relations

rajesh.manirajan@permanenttsb.ie 

+353 1 669 5622

Media:

Ray Gordon

Gordon MRM

ptsb@gordonmrm.ie

+353 87 241 7373