Article 1

1.

The following measures constitute State aid pursuant to Article 107(1) of the Treaty:

  • Measures granted in favour of AIB

    1. (a)

      guarantees under the CIFS scheme of up to EUR 133 billion;

    2. (b)

      guarantees under the ELG scheme of up to EUR 62,5 billion;

    3. (c)

      an asset relief measure (transfers to NAMA of EUR 20,4 billion), constituting and estimated aid amount of EUR 1,6 billion;

    4. (d)

      a recapitalisation in the form of preference shares in May 2009 for an amount of EUR 3,5 billion;

    5. (e)

      a recapitalisation in the form of new equity capital in December 2010 for an amount of EUR 3,7 billion;

    6. (f)

      a State guarantee on Emergency Liquidity Assistance until Q2 2011 for an amount of [EUR 5-15 billion];

  • Measures granted in favour of EBS

    1. (g)

      guarantees under the CIFS scheme of up to EUR 14,4 billion;

    2. (h)

      guarantees under the ELG scheme of up to EUR 8,0 billion;

    3. (i)

      an asset relief measure (transfers to NAMA of EUR 0,9 billion), constituting and estimated aid amount of EUR 0,1 billion;

    4. (j)

      a recapitalisation in the form of Special Investment Shares in May and December 2010 for an amount of EUR 0,625 billion;

    5. (k)

      a recapitalisation through a direct grant in the form of a promissory note in December 2010 for an amount of EUR 0,25 billion;

    6. (l)

      a State guarantee on Emergency Liquidity Assistance for an amount of [EUR 0-5 billion];

  • Measures granted in favour of the Bank (the merged entity)

    1. (m)

      a recapitalisation in the form of ordinary shares in July 2011 for an amount of EUR 5 billion;

    2. (n)

      a recapitalisation in the form of contingent capital notes in July 2011 for an amount of EUR 1,6 billion;

    3. (o)

      a recapitalisation in the form of a capital contribution in July 2011 for an amount of EUR 6,1 billion.

2.

The State aid referred to in paragraph 1 is compatible with the internal market in accordance with Article 107(3) of the Treaty in the light of the restructuring plan and the commitments set out in the Annex.