Ulster Bank Ireland DAC has issued a notice of meeting for the holders of its outstanding IEP £30,000,000 11.375% Subordinated Bonds. The meeting will be held on 25 October 2023 to consider and pass a resolution regarding proposed amendments to the terms and conditions of the Bonds. The resolution includes the redemption of all, but not some, of the Bonds at the Redemption Price plus accrued and unpaid interest. The implementation of the resolution is conditional on the passing of the resolution and the satisfaction of the quorum and majority vote requirements. Concurrently, the Issuer is making an offer to eligible bondholders to tender their Bonds for purchase at a specified price.