Response to Announcement by Scotchstone CapitalLLP

Permanent TSB Group Holdings PLC ("PTSBGH" or the "Company") notes the announcement made by Scotchstone on 9 October 2026.

PTSBGH confirms that the Board has had no contact at any time with Scotchstone Capital LLP regarding a possible offer for the Company and that no proposal has been received by the Company. The announcement by Scotchstone Capital LLP is therefore highly speculative and provides no basis for further consideration.

The Board of PTSBGH remains focused on delivering value and certainty to the Company's shareholders and, in accordance with its legal obligations, is continuing to work with BAWAG PSK to satisfy the remaining conditions set out in the Scheme Document dated 15 May 2026, including the sanction by the High Court of the Scheme at the Court Hearing scheduled for 27 October 2026.

The Directors of PTSBGH accept responsibility for the information contained in this announcement. To the best of their knowledge and belief (having taken all reasonable care to ensure such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

Advisers

Disclosure requirements of the Irish Takeover Rules

Other Matters

Except as otherwise defined herein, capitalised terms used but not defined in this announcement have the same meanings as given to them in the circular relating to the Scheme published by PTSBGH on 15 May 2026.