PTSB raises EUR500m from sale of Irish RMBS.

Statement by permanent tsb Group Holdings plc.

permanent tsb plc (trading as permanent tsb) is the wholly owned retail banking subsidiary of permanent tsb Group Holdings plc)

permanent tsb successfully raises €500m from sale of Irish residential mortgage backed securities.

Wednesday, November 20th 2013 : permanent tsb has successfully raised €500m through a sale of residential mortgage backed securities today.

This was the first publicly placed new issue of residential mortgage backed securities by an Irish bank since 2007 and the first by permanent tsb since 2006.

There was strong investor interest in the transaction, known as Fastnet 9, which was significantly over-subscribed with demand of more than three times the deal size. The transaction was priced at 3 month Euribor plus 1.65% which was lower than the initial guidance.

Commenting on the transaction, Kieran Bristow, Group Treasurer at permanent tsb, said:

"This was a very successful transaction for permanent tsb. It allowed us to raise €500m on favourable terms and reflects strong investor confidence in both permanent tsb and the Irish economy".

The residential mortgage backed securities sold today are secured on a pool of performing Irish owner occupied residential mortgages. Morgan Stanley acted as arranger and book-runner for the transaction.

Ciarán Long

Group Company Secretary 

Further Information:

Gordon MRM

ptsb@gordonmrm.ie

Contact - Ray Gordon 087 2417373