STANDARD FORM TR-1 VOTING RIGHTS ATTACHED TO SHARES- ARTICLE 12(1) OF DIRECTIVE 2004/109/EC FINANCIAL INSTRUMENTS - ARTICLE 11(3) OF THE COMMISSION DIRECTIVE 2007/14/EC


1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

The Governor and Company of the Bank of Ireland

2. Reason for the notification (please tick the appropriate box or boxes): [x] an acquisition or disposal of voting rights
[ ] an acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
[ ] an event changing the breakdown of voting rights
3. Full name of person(s) subject to the notification obligation:

- MainStay Marketfield Fund, a series of MainStay Funds Trust (Delaware, United States); - MainStay VP Marketfield Portfolio, a series of MainStay VP Funds Trust (Delaware, United States); - Marketfield Fund Dublin, a sub-fund of Marketfield Dublin, p.l.c. (Cayman Islands)

4. Full name of shareholder(s) (if different from 3.):

n/a

5. Date of the transaction and date on which the threshold is crossed or reached:

5 December 2013

6. Date on which issuer notified:

29 January 2014

7. Threshold(s) that is/are crossed or reached:

3.33%

8. Notified details:

- MainStay Marketfield Fund- 1,024,050,774

- Mainstay VP Marketfield Portfolio- 19,713,694

- Marketfield Dublin VP- 33,937,139

A) Voting rights attached to shares

Class/type of shares (if

possible using the ISIN CODE)

Situation previous to the Triggering

transaction

Resulting situation after the triggering transaction

Class/type of shares (if

possible using the ISIN CODE)

Number of

Shares

Number of

Voting rights

Number of

shares

Number of voting rights

% of voting rights

Class/type of shares (if

possible using the ISIN CODE)

Number of

Shares

Number of

Voting rights

Direct

Direct

Indirect

Direct

Indirect

Ordinary Stock of

€0.05 each (ISIN: IE0030606259

867,701,607

867,701,607

1,077,701,607

1,077,701,607

3.33%

-

SUBTOTAL A (based

on aggregate voting rights)

-

-

1,077,701,607

1,077,701,607

3.33%

B) Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration Date

Exercise/Conversion

Period/ Date

Number of voting rights that may be acquired if the instrument is exercised/converted

% of voting rights

N/A

N/A

N/A

N/A

N/A

SUBTOTAL B (in relation to all expiration dates)

Total (A+B) [where applicable in accordance with national law]

Number of voting rights

% of voting rights

1,077,701,607

3.33%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

N/A

10. In case of proxy voting Marketfield Asset Management LLC will cease to hold
1,079,069,570 number voting rights as of 27 January 2014
11. Additional information:

N/A Done at Dublin on 29 January 2014 Contact: Helen Nolan, Group Secretary Telephone: +353 (0) 76 623 4710
distributed by