Emirates NBD Earnings Presentation

Dubai Economic Update Highlights Dubai is the 3rd largest centre for re-exports in the world which itself represents 44% of GDP Dubai is a strategically located international trading hub with some of the world's best air and sea ports serving over 205 destinations ■ In Dubai six 'strategic thrusts' for growth include travel and tourism; financial services; professional services; transport and logistics services; trade and storage; and construction. Very large investments in infrastructure will have highly positive effects on the long run development and productivity of the emirate Lower inflation, stable USD and property market declines have enhanced Dubai's cost-competitiveness Strength in emerging market currencies leaves UAE markets relatively cheap by comparison. Dubai 2008 GDP breakdown UAE GDP by Emirate (2008) = 100% USD 254b Others 11% Dubai GDP by Sector (2008) 100% USD 81.7b = Financial Services. 8% Others 5% Oil 2% Abu Dhabi 57% Dubai 32% Manufacturi ng 14% Source: UAE Ministry of Economy Construction / Real Estate 24% Trading & Communicat ion 47% Emirates NBD Dubai's Strategic Location 79 46 Dubai Trade - H1 2010 (USD billion) 175 144 128 123 90 90 91 79 77 61 50 2005 2006 2007 2008 Imports * Annualized 2009 ■ Exports & Re-Exports H1 2010* Source: Dubai Statistics Centre; includes Direct Foreign Trade and Free Zone & Customer Warehouse Trade 6

View entire presentation