Statement of Changes in Equity

as at 31 December 2015

Share
Capital

€000
Retained
losses

€000
Total
equity

€000
Opening Balance - - -
Loss for the period - (3,730) (3,730)
Other comprehensive income - - -
Total comprehensive loss - (3,730) (3,730)
Issue of share capital 10,000 - 10,000
Balance at 31 December 2015 10,000 (3,730) 6,270

Approved and authorised for issue by the Board of Directors and signed on its behalf:

Nicholas Ashmore
Chief Executive Officer
Strategic Banking Corporation of Ireland

Conor O'Kelly
Chairperson
Strategic Banking Corporation of Ireland

19 May 2016