Emirates NBD Earnings Presentation

Asset Quality Investments & Trading Securities Highlights ■ The recovery of equity and bond markets in 2009 and H1 2010 resulted in positive net impact of mark to markets and impairments on investment securities Underlying quality of investment portfolio remains good and some losses on fixed income securities will reverse if held to maturity and no credit event occurs Exposure to sub-prime and related exposures (e.g. RMBS, CMBS, CDOS, CLOS) are minimal ■ Portfolio is being monitored and managed closely by Group Investment Committee (GIC) to reduce exposure where opportunities arise or where future distress in anticipated. ■ The portfolio has been reduced by 25% in 2009 (excluding purchases made for liquidity management) and 14% in Q3 2010 YTD MTM Impact USD million 2008 2009 Q1 10 Q2 10 Q3 10 Income (188) 115 47 (2) 39 Impairments (275) (95) (10) (12) (21) P&L Impact (463) 20 37 (14) 18 Cum. changes in FV (493) 249 84 10 (89) (956) 269 121 (4) (71) Total Impact Composition of Investment Securities: Q3 2010(1) By Type 100% USD 3.9bn Others, 17% Equity, 20% By Category 100% = USD 3.9bn Government Bonds, 18% Trading Securities, 9% Designated at FV through P&L, 7%. 1) Excludes investment securities in L&R of USD 0.2b Emirates NBD Corporate/FI Bonds, 45% Held to Maturity, 3% International, 40% By Geography 100% USD 3.9b Domestic, 39% Available for sale, 81% Regional, 21% 19

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