Emirates NBD Earnings Presentation

Strategic Imperatives for 2010 Optimise Balance Sheet Drive Profitability Enhance Risk Management Selectively Invest in Platforms for Growth Prudent lending growth ■ Focus on funding - Leverage distribution network Objectives - Maintain & develop wholesale sources of medium/long term funding - Implement liability retention and gathering plans Optimise capital allocation - Deploy capital allocation model based on economic capital - Review non-core activities (e.g. proprietary investment portfolio) ■ Maximise customer revenue - Capture re-pricing opportunities - Cross-sell Treasury and Investment Banking services to corporate clients Improve customer retention and deliver distinctive customer service ■ Continue to optimise cost position ■ Continue to strengthen risk management, governance and controls - Enhance & implement internal rating, scoring and risk models - Enhance operational risk management framework - Strengthen risk function and governance Exploit domestic & regional expansion opportunities - Abu Dhabi retail banking expansion - Emirates Islamic Bank UAE expansion - Private Banking, Priority Banking and SME Banking expansion - Organic growth in GCC (e.g. KSA) - Opportunistically evaluate inorganic regional expansion opportunities Evidence of success in Q3 2010 ■ CAR strengthened to 20.1% from 18.7% at end- 2009 ■ Tier 1 increased to 12.8% from 11.9% at end- 2009 ■ RWAs declined by 4% from end-2009 ■ Deposits grew by 10% from end-2009 vs.6% decrease in loans, lowering the LTD ratio to 101% and adjusted LTD ratio to 90% ■ Q3 2010 YTD costs improved by 14% to USD 628m million from Q3 2009 YTD ■ ROE of 11.6% for Q3 2010 YTD despite significant build-up of PIP and specific provision made for Dubai World Credit metrics remain robust and broadly within expectations ■ Credit NPL ratio increased to 3.66% from 2.30% at end-2009 Completion of establishing the new Emirates NBD brand ■ Continue to build Private Bank proposition; now more than 60 RMs ■ Priority and SME banking concepts rolled out Singapore rep office upgraded to branch ■ Continue to evaluate inorganic opportunities Emirates NBD 25 25

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