Capital Adequacy and Divisional Performance

Divisional Performance Corporate Banking Consumer Banking & Wealth Management Corporate Banking recorded a successful quarter Key focus during the period was on balance sheet optimisation, continued proactive management of credit quality, building non-risk based and fee generating businesses ■ Revenue grew 16% year-on-year primarily due to active asset re- pricing and rigorous focus on fee generating business ▪ Loans decreased by 1% from end-2009 Deposits grew 8% from end-2009 CWM continues to expand and build on distribution reach with distribution network strengthened to 103 branches and ATM & SDM network now at 510 and 129 respectively USD billion 46.9 46.4 USD million 24.5 22.7 260 +16% 301 Q4 2009 ■Loans Q1 2010 ■Deposits Q1 2009 Q1 2010 ■Revenue USD billion 15.3 14.8 USD million Continued expansion in Private Banking business; now almost 60 RMs ■ Revenue increased 18% year-on-year ■ Loans declined by 5% from end-2009 Deposits grew 3% from end-2009 6.0 5.8 191 Emirates NBD Q4 2009 ■Loans 226 +18% Q1 2010 Q1 2009 Q1 2010 ■ Deposits ■Revenue 22 22

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