AIB Group (UK) p.l.c. trading as First Trust Bank in Northern Ireland hereby gives notice of its intention to cease issuing First Trust Bank banknotes in all denominations on 30th June 2020. First Trust Bank banknotes will remain legal currency until midnight on 30th June 2022.

All First Trust Bank banknotes currently in circulation will be gradually withdrawn up to 30th June 2022.

First Trust Bank commenced a transition to dispensing Bank of England banknotes across its ATM network from 13th February 2019.

After 30th June 2022, a banknote exchange service will be available via all First Trust Bank branches at no cost. First Trust Bank banknotes can also be exchanged for sterling banknotes of equivalent value at Post Office® outlets across the UK free of charge after 30th June 2022 until 30th June 2024.

Backing Assets with the Bank of England will be maintained for a period of two years from 30th June 2020, following which, after 30th June 2022, First Trust Bank banknotes will cease to be legal currency.

First Trust Bank will continue to honour First Trust Bank banknotes, sterling Allied Irish Banks Limited banknotes, sterling Allied Irish Banks p.l.c. banknotes and sterling Provincial Bank of Ireland Limited banknotes presented in First Trust Bank branches for exchange in perpetuity.