Emirates NBD Earnings Presentation

Funding and Liquidity Highlights Liquidity continues to improve and deposit mobilisation initiatives proved successful; headline LTD ratio 101% at end-Q3 2010 ■ Continue to access stable interbank lines and source bilateral deposits at attractive pricing Liquidity backstop facilities of USD 8.9b unused; net liquid assets of USD 7.0b at end-Q3 2010 vs. USD 1.1b liability position at end-2009 ■ Access to wholesale funding remained challenging during 2010 YTD: improvement in debt markets seen recently term debt maturity profile well within funding capacity total wholesale debt represents 8% of liabilities net reduction in debt outstanding of USD 1.4b in Q3 2010 YTD completed USD 220m auto loan securitisation in Q3 2010 Composition of Liabilities (%) Q4 2009 100% = USD 68.0b Q3 2010 = 100% USD 68.5b Loan to Deposit Ratios (%) Headline LTD Ratio % -Adjusted LTD Ratio % 129% 126% 127% 122% 119% 117% 118% 118% 111% 103% 101% 109% 109% 108% 103% 100% 101% 102% 98% 98% 92% 90% Q1 08 Q2 08 Q3 08 Q4 08 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Note: Adjusted LTD ratio includes Debt Issued and Other Borrowed Funds, Sukuk Payable and Tier 1 Capital Notes in the denominator Maturity Profile: Debt Issued (USD million) 100% USD 5.2b = Debt / Sukuk Others 4% Issued 10% Banks 13% Customer deposits 73% Emirates NBD Debt / Sukuk Issued 8% Others 4% Banks 9% 2,078 522 283 66 366 227 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 822 843 Customer deposits 79% Note: Debt Issued includes EMTNs of USD 3.7b and syndicated borrowings from banks of USD 1.5b 21 21

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