Declaration of Dividend

Ulster Bank Ireland DAC

16 June 2023

 

June 2023

Company name	Ulster Bank Ireland DAC
Headline	Declaration of Dividend

Ulster Bank Ireland DAC

16 June 2023

Ulster Bank Ireland DAC

Declaration of Dividend

The Board of Ulster Bank Ireland DAC (UBIDAC) has declared its intention to pay a dividend of EUR 800,000,000 on 16th June 2023 to its parent company NatWest Holdings Limited. UBIDAC is paying a dividend as a consequence of the ongoing withdrawal of UBIDAC from the Republic of Ireland.

Post dividend UBIDAC will have a CET1 ratio in excess of 30%. UBIDAC remains in a strong capital position following payment of the dividend, significantly above regulatory capital minimums.

For further information, please contact

Investor Relations

Alexander Holcroft

[phone] (UK)

Notes

Forward Looking Statements

This document contains forward-looking statements such as statements that include, without limitation, the words 'expect', 'estimate', 'project', 'anticipate', 'commit', 'believe', 'should', 'intend', 'will', 'plan', 'could', 'probability', 'risk', 'target', 'goal', 'objective', 'may', 'endeavour', 'outlook', 'optimistic', 'prospects' and similar expressions or variations on these expressions. These statements concern or may affect future matters, such as UBIDAC's future economic results, business plans and strategies.  In particular, this document may include forward-looking statements relating to UBIDAC in respect of, but not limited to UBIDAC's future economic results, business plans and strategies, including its: withdrawal from the market; potential transfers of UBIDAC's business and assets; potential adverse impacts of uncertainties on UBIDAC; risks arising from customer remediation in respect of legacy issues; payment of dividends and capital ratios; continued economic uncertainties on phased withdrawal implementation; and risks arising from the implementation of EY Intermediate Parent Undertaking Requirements and risks and uncertainties arising from other factors such as inflation, monetary and fiscal policies and unfavourable political, military or diplomatic events, including armed conflict, state and privately sponsored cyber and terrorist acts or threats, and the responses to them by governments and markets,. Forward-looking statements are subject to a number of risks and uncertainties that might cause actual results and performance to differ materially from any expected future results or performance expressed or implied by the forward-looking statements. Factors that could cause or contribute to differences in current expectations include, but are not limited to, the impact of the future acquisitions or divestments, the outcome of legal, regulatory and governmental actions and investigations, legislative, political, fiscal and regulatory developments, accounting standards, competitive conditions, technological developments, interest and exchange rate fluctuations and general economic and political conditions and the impact of climate and sustainability-related risks. These and other factors, risks and uncertainties that may impact the above, and any forward-looking statement or actual results are discussed in UBIDAC's 2022 Annual Report and Accounts (including its Principal Risks and Uncertainties). The forward-looking statements contained in this document speak only as of the date of this document and does not assume or undertake any obligation or responsibility to update any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except to the extent legally required.

Legal Entity Identifier: UBIDAC - 635400KQIMALJ4XLAD78

STG £5,000,000 Floating Rate Subordinated Bonds	IE0004325282
IEP £30,000,000 11.375% Subordinated Bonds	IE0004325399
STG £20,000,000 11.75% Subordinated Bonds	IE0004325514

 

END