THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

Eirles Two Limited (the "Issuer")

6^th Floor, Pinnacle 2

Eastpoint Business Park

Dublin 3

Ireland

Series 365 USD 10,000,000 Variable Rate Collateralised Notes due 2018 

 (the "Notes")

(ISIN: XS0947729231)

27 January 2016

Announcement of Delisting

Notice is hereby given that the Issuer repurchased and cancelled the entire outstanding principal amount of the Notes on 27 January 2016 pursuant to 8.5 of the Notes.

For further information, please contact:

Deutsche Bank AG, London Branch

Winchester House

1 Great Winchester Street

London EC2N 2DB

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange