Announcement re convening of Scheme Meeting

BY

BAWAG P.S.K. BANK FÜR ARBEIT UND WIRTSCHAFT UND ÖSTERREICHISCHE POSTSPARKASSE AKTIENGESELLSCHAFT

A WHOLLY OWNED SUBSIDIARY OF BAWAG GROUP AG

Announcement re convening of Scheme Meeting

On 14 April 2026, the board of directors of Permanent TSB Group Holdings plc ("PTSBGH") and the management board of BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft ("BAWAG PSK"), a wholly owned subsidiary of BAWAG Group AG ("BAWAG"), announced that they had agreed the terms of a recommended acquisition of the entire issued share capital of PTSBGH (the "Acquisition"), to be effected by way of a scheme of arrangement under Chapter 1 of Part 9 of the Companies Act 2014 (the "Scheme").

PTSBGH announces that on 13 May 2026 the High Court of Ireland made an order directing that a meeting of PTSBGH Shareholders to consider and vote on the Scheme (the "Scheme Meeting") be convened.

The Scheme Meeting will be held at The Conrad Hotel, Earlsfort Terrace, Dublin 2, D02 V562, Ireland on 30 July 2026, commencing at 10.00 a.m. In addition to approval at the Scheme Meeting, implementation of the Scheme also requires various approvals by PTSBGH Shareholders at an extraordinary general meeting (the "EGM") of PTSBGH to be held at 10.15 a.m. or, if later, as soon thereafter as the Scheme Meeting, convened for the same date and place, has concluded or has been adjourned.

The scheme document (the "Scheme Document") setting out, amongst other things, the full terms and conditions of the Scheme, information required under Section 452 of the Companies Act 2014, an expected timetable of principal events, notices convening the Scheme Meeting and the related EGM, and details of the action to be taken by PTSBGH Shareholders is expected to be published not later than 5pm Tuesday, 19 May 2026.

A further announcement will be made on publication of the Scheme Document.

Capitalised terms used, but not defined, in this announcement have the same meaning as in the announcement of the Acquisition made on 14 April 2026 pursuant to Rule 2.7 of the Irish Takeover Rules. All times shown in this announcement are Irish times unless otherwise stated.

Disclosure requirements of the Irish Takeover Rules

General