#1Better Banking for Jordan & Iraq Investor Presentation Executive Summary Q1 2021 capital#2Disclaimer Capital Bank of Jordan ("Capital Bank") has taken reasonable measures that the information and data it presents on the Investor's Presentation on this website is accurate and current. However, Capital Bank makes no express or implied warranty regarding the accuracy, adequacy, usefulness, reliability and the completeness of the information or data provided in the Investor's Presentation, which may have been provided by third parties or otherwise. Capital Bank hereby expressly disclaims all legal liability and responsibility to persons or entities that use or access this Investor's Presentation and its content, based on their reliance on any information or data that is available through the Investor's Presentation. 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The Investor's Presentation may contain forward-looking statements or expressions including statements regarding Capital Bank's intent, belief or current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements or expressions. Capital Bank does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Capital Bank accepts no responsibility or liability whatsoever for any losses or damages, including consequential losses and damages, suffered directly or indirectly by any person who uses or accesses the information in the Investor's Presentation, including without limitation, loss of profits, resulting from any investment or divestment made or any change to an investor's financial position which is made as a consequence of the reader's use of the information in this Investor's Presentation. This Disclaimer and its terms is an extension to the Terms and Conditions provided by Capital Bank to address the use of Capital Bank's Website. 2#3Section 1 Capital Bank Group at a Glance capital bank 3#4Jordanian based bank with a unique value proposition Vision Better Banking for Jordan & Iraq Mission Providing innovative, simplified, and holistic financial solutions through enhanced products & an elevated level of customer service and experience in the Jordanian and Iraqi markets. Strategic Direction Digital Convenience Strategic Geographical Presence Holistic Product Offering Become the number one banking group and gateway for corporations doing businesses in Jordan and Iraq. In Jordan, continue to grow and solidify Capital Bank's positioning, while operating as the backbone for the National Bank of Iraq. In Iraq, a diverse and digitally enabled bank tapping into lucrative green fields and capturing relevant opportunities. Continuously innovate to offer a full range of value adding commercial, treasury and investment banking services to our clients. 4#5Capital Bank at a glance (As of March 2021) USD 542m Equity USD 4.75b Assets All values in USD A unique value proposition offering a strategic regional positioning, and digital convenience across a wide-spectrum of advanced corporate, retail and investment banking solutions. USD 2.54b 6.3% Net Loans NPLs 38% NOI Growth 32.2% ROE Jordan High growth economy World's 4th largest oil reserve . Attractive demographics Iraq . Significant reconstruction Political stability 0.207 EPS 12% Dividend • Openness to global 11% 3yr Avg economy . • • opportunity Significant room to fill the service gap within the banking sector International AML and compliance standards Well regulated banking sector UAE • 14.7% CAR 142.8% LCR Figures as of March 2021. NOI refers to year-on-year Net Operating Income growth. ROE includes all income and expenses related to the Audi acquisition. Details on standalone operations included in slides below. • Gateway for the Group to GCC markets, clients and investors Hub for businesses and multinationals working in Iraq LO#62020 marked an important year across strategic pillars, with Q1 2021 further advancing the trend PERFORMANCE & POSITIONING DIGITALIZATION & PARTNERSHIPS Best performing bank among all Jordanian banks with the highest growth percentage in total assets, loans, customers' deposits and net operating income. This growth solidifies positioning and business model. The Bank witnessed continued growth in net operating income across all business lines in Q1 2021, recording a 28% growth compared to Q1 2020, with $13.2m net income excluding Audi acquisition impact. Acquisition of Bank Audi branches in Jordan and Iraq completed on March 11th, 2021, marking a significant leap in the Group's positioning in both markets. And providing further upside on net income for the quarter reaching $42m. Strategic partnerships, most notably including Liwwa for SME digitalized lending, Equiti for FX and commodity trading in Jordan and Iraq, as well as Zain and Asia Cell in Iraq for e-wallets & POS cash services. In Jordan, the Bank launched several digital transformation initiatives & Omni Channel upgrades, including updated features on to the online banking platform (SwitchOn), call center system, iCA chatbox on Facebook Messenger & Whatsapp, digital onboarding and payment services. Also, the first Bank to have completed full integration with JOPACC to introduce the instant payment system through SwitchOn. In Iraq, NBI is the first bank to have launched one-time password (OTP) services, as well instant debit card issuance and Quick Personal Loan service with a 1-hour turn-around time. The Group is exploring further FinTech opportunities to help accelerate digitalization and capitalizing on the growing sector, across both commercial and investment banking scopes. 6#72020 marked an important year across strategic pillars, with Q1 2021 further advancing the trend PRODUCT & SERVICE OFFERING Simplified service offering and focus on elevating customer service (processes, people & omni channels). Best Bank in Jordan and Iraq for Private Banking, with the Capital Wealth Private Banking proposition combining valuable expertise and a diversified and innovative product offering through the investment banking, asset management and commercial banking teams. Launched the Mutual Funds platform offering more than 30 globally managed mutual fund to brokerage clients in Jordan, as well as online equity trading and FX/ Commodity trading platform currently live in both Jordan and Iraq. Asset Management proposition expanded through the Group's presence in the Dubai International Financial Center (DIFC), which will provide a new platform for clients to engage through. The DIFC presence will also allow for further expansion in the product range and allow for partnerships with global banks under an External Asset Management model. Improved lending positioning in Iraq. NBI is the first bank in Iraq to acquire a USD 10mm credit line from the Saudi Development Fund to help grow its business activities. This, together with existing lines from the IFC allows for larger expansion on the lending side and brings confidence in the market on NBI's standing. 7#8Acquisition of Bank Audi branches in Jordan and Iraq KEY HIGHLIGHTS IMPACT SUMMARY ▪ During the third quarter of 2020, Capital Bank signed a letter of intent to acquire Bank Audi (S.A.L) branches in Jordan and Iraq. The business transfer agreement was then signed on 29th of December 2020, with the transaction completed successfully on March 11th, 2021. ☐ This acquisition marks a significant leap in the Group's overall positioning in both Jordan and Iraq. The deal expands the Group's market share, resource base and overall financial standing. This acquisition also marks the first transaction of this nature in the Iraqi banking sector. Net revenue from the transaction stands at $28.85m, as reflected in Q1 financials. ▪ This has positioned Capital Bank as one of the largest commercial banks in Jordan, increasing the Bank's asset base by over 23% to reach USD 4.75b, with the net credit facilities reaching USD 2.54b. Deposits have also grown significantly by over 27% to reach USD 3.02b. ■ Total shareholder equity has increased to USD 542m, further strengthening equity base. ■ The acquisition has contributed positively to the Bank's branch footprint in strategic locations, with a total of 28 branches in Jordan and 18 branches in Iraq. New valuable employees have also joined. Complementary business profile that has further diversified both funding and credit base, specifically in Jordan as Bank Audi had a strong retail portfolio. 8#9Strong share price performance " ■ As of March 31st, 2021, the share price is up over 62% from its 2020 lows and 48% year-to-date, following the solid financial performance, developments across strategic pillars and acquisition of Audi Bank branches in Jordan and Iraq that was completed on March 11th, 2021. There remains to be significant upside potential going forward. Share Price (Jordanian Dinars - JOD) 1.35 1.30 1.25 1.20 1.15 1.10 1.05 1.00 0.95 0.95 +66% 1.20 +33% 0.99 0.90 0.81 0.85 0.80 0.75 06/20 07/20 08/20 09/20 10/20 11/20 12/20 01/21 02/21 03/21 Share Price is shown in Jordanian Dinars (JOD). The currency is pegged to the US Dollar at a rate of JOD 0.709 per USD 1.00. 1.32 1.29 9#10Presence in Jordan, Iraq and the UAE Entity Establishment Corporate & Commercial Banking capital Parent Amman, Jordan 1995 National Bank of Iraq Subsidiary (61.8% share) Baghdad, Iraq 1995 Investment Banking capital investments (DIFC) Ltd capital investments Subsidiary (100%) Amman, Jordan 2005 Subsidiary (100%) Dubai, UAE 2014 Ownership & Regulator Offering Publicly Listed Amman Stock Exchange Full Fledged Commercial Bank Operates through 28 branches, including a dedicated Capital Select HNWI proposition. Offers Corporate, SME, Retail & Treasury. Advanced digital platform. Publicly Listed Iraq Stock Exchange Full Fledged Commercial Bank Operates through 18 branches across Iraq, including both the Basra and Kurdistan regions. Offers Corporate, SME, Retail & Treasury services. Full trade finance offering, and a large network of correspondent banks through Capital Bank. Private Jordan Securities Commission Full Fledged Investment Bank Offers asset management, brokerage (local, regional & international, FX/ commodity) as well as corporate finance, capital raising & advisory services. Private Limited Liability Dubai Financial Services Authority Investment Advisory Offers asset management, custody, corporate finance, advisory, capital raising & arranging services. Acts as a regional marketing and investor outreach platform. Shareholding Well diversified shareholder base, with a number of prominent Jordanian families holding shares since establishment. Shareholders with positions >1% hold a total of 73.7% of the shares, with no single controlling stake as of Q1 2021. Strategic selection of investors, with majority control remain with Capital Bank (61.85% share). Shareholders with major stakes include Cairo Amman Bank (9.9%) and PalTel (5%) Capital Bank, 100% Capital Bank, 100% 10#11List of Board Members (As of end of March 2021) Solid governance and decision-making structure Name Membership H.E. Bassem Khalil Al-Salem 2010 Position Chairman Mr. Mazen Samih Darwazah 2011 Vice Chairman Social Security Corporation 2009 Member Represented by Shaden Darwish Al-Haji Hotaf Investment Company 2009 Member Represented by Mr. Mohamed Ali' Al-Husry Investments & Integrated Industries 2009 Member Representing Omar Mohamed Shahrour Al-Jadara Co. for Real Estate Investment 2009 Member Represented by Sultan Bin Mohammed Al-Seif Al-Khalil Co. for Investments 2009 Member Represented by Khalil Hatem Al-Salem Omar Akram Bitar 2015 Independent Member Reem Haitham Goussous 2015 Independent Member Mohamad Hasan AlHaj Hasan 2017 Independent Member Khalid Walid Nabilsi 2017 Independent Member Arab Potash Company 2020 Independent Member Represented by TBC (previous, Jamal Al Sarayrah) Clear decision making & governance framework Board Committees Corporate Governance, Nomination & Remuneration, Risk, Compliance, Audit, Strategy, IT Governance & Credit Committees Management Committees ALCO, Investment, Products & Services, IT Steering, Internal Risk, Procurement and Real Estate Committees. Group Organizational Structure Board of Directors Capital Investments Board Directors National Bank of Iraq Board of Directors Group CEO Capital Bank Jordan National Bank of Iraq Capital Investments (Jordan+UAE) Group Compliance Group Risk Group Internal Audit Group Financial Control Group Credit Review 11 Compliance Committees Risk Audit Credit#12Exceptional leadership, long-term value driven Capital Bank's Board Member's and Executive Management team boast deep experience within the commercial, investment and finance fields, representing a diverse and solid skillset that adds significant value to the Bank. H.E. Mr. Bassem Al-Salem Chairman " HE Mr. Al-Salem is one of the founders of Capital Bank and has been Chairman since 2010. He previously served as the Jordanian Minister of Labor and Minister of Finance consecutively (2005 - 2009) and is commended for introducing socioeconomic policies that have contributed toward the creation of jobs, attracting businesses and investments to Jordan, while helping homegrown businesses flourish. HE Mr. Al-Salem is also the chairman of King's Academy, a Jordan-based school focused on fostering social inclusion and currently sits on the board of several prominent private and publicly listed companies, including the General Mining Company. He has previously served as chairman of the Association of Banks in Jordan (2012-2015), executive chairman of the Social Security Corporation (2005 - 2009), as well as a member of the Jordanian Senate (2010 - 2011). HE Mr. Al-Salem holds a bachelor's degree (with honors) in chemical engineering from Imperial College, United Kingdom. Dawod AIGhoul Chief Executive Officer Appointed as Group CEO in March 2020, Mr. Al Ghoul brings with him over 26 years of extensive experience in financial and strategic planning, investments and financial restructuring within reputable regional and global investment and financial institutions; such as Abu Dhabi Capital Group, KPMG, and Arab Bank Group - where he worked in various senior roles since 2003, including serving as Group CFO from 2012 to 2016. Mr. Al Ghoul previously sat on the board of directors of Capital Bank, as well as numerous regional financial institutions in Jordan, Tunisia and Libya, including International Islamic Arab Bank, Wahda Bank and Arab Tunisia Bank. Mr. Al Ghoul is a US-Certified Public Accountant (CPA) and earned his MSc in Accounting and Finance from the University of Colorado, as well as a BSc in Accounting from the University of Jordan. 12#13Control and Support Business Well experienced management team Capital Bank's Key Executives and Senior Management Team Name Position Joining Experience Highlights Ayman Abu-Dhaim CEO, National Bank of Iraq 2011 Over 20 years experience in financial control and banking. He previously held the position of CFO for the Group, and well as CFO for the Social Security Investment Fund in Jordan. Bashar Al-Amad Acting CEO, Capital Investments 2018 Over 20 years in private equity, investment banking, and asset management across a number of leading private, public, and governmental institutions throughout the region. Ali Abu Swai Chief Treasury, Investments & Fl Officer 1997 Over 25 years in financial markets and banking, treasury and investment. Previously led Jordanian Trade Association. Yasser Kleib Head of Institutional Banking 2004 Over 25 years in commercial and institutional development in Jordan and Iraq. Previously worked in the Arab Bank. Fadi Khoury Chief Liabilities Officer 2021 Zein Malhas Chief Digital Officer 2018 Over 25 years experience in banking, having last held the position of Head of Retail & Branches at Bank Audi Jordan. Previously work with Arab Bank in Jordan. Over 12 years in the banking sector in Jordan, having worked for the Housing Bank and Standard Chartered, where she managed the Global Subsidiaries business. Also a member of the board of Middle East Payment Services (MEPS). Mohammad Othman Head of Consumer Banking 2020 Over 15 years in the banking sector, having held managerial positions and specialization in retail banking and product development at several banks including Bank Al-Etihad, Al Rajhi Bank Jordan, Jordan Ahli and Arab Bank. Samer Al-Aloul Chief Banking Officer 2021 Over 22 years experience in banking, having last held the position of Deputy Regional Manager at Bank Audi Jordan. Falah Kokash Chief Risk Officer 2012 Over 20 years in the financial sector. He has held several leadership positions in risk management and credit analysis and has worked for several banks in Jordan and Saudi Arabia. Several accreditations incl. FRM, ICBRR, CMA & CFM. Saher Abdel-Hadi Head of Compliance 2018 Over 28 years in the banking sector, having worked at a number of banks including Standard Chartered Bank and ABN AMRO Bank. Most recently, in Compliance at the Arab Bank. Manar Al Nsour Chief Financial Officer 2001 Over 18 years of experience in financial control and analysis, having held various managerial positions at Capital Bank before assuming the CFO for the Group. Manar Aabidi Chief Credit Officer 2018 Over 20 years in banking, with extensive expertise in Credit, Risk, Corporate Finance and commercial banking. Previously worked with Citibank Jordan, Housing Bank, HSBC Jordan. Izzidin Abu Salameh Chief Operating Officer 2020 Recently joined Capital Bank, bringing in a wealth of experience in the banking sector and in diverse aspects of operations. 13#14Stable and diverse shareholding base Core Shareholding Base Bank ownership diversified across several well-regarded business owners & families. Major Jordanian families/ shareholding groups hold a large share, with stable holdings over the years. Several of whom are also founders and early investors in Capital Bank. Diverse skill-set and business relationships that continuously add value to the Group. Active shareholder participation through Board representation, General Assembly meetings and regular direct communications. Summary Shareholding Composition Arab Foreign Jordanian 8.0% ■ Darwazeh 29.5% 62.5% Largest local family holdings ■ Al-Salem ■ Nuqul ☐ Kolaghassi Al-Husry ☐ Abu Jaber Shareholders Representation on the Board " ☐ Active Board of Directors, including stable shareholder representations over the years. Board members (including representatives and related parties) hold ~43.65% share. Concentration & Shareholding Mix ■ Largest 20 shareholders own over 73% of shares. Largest 30 shareholders own over 78% of share. Over 66% owned directly by individual investors. 14#15Healthy growth, continuously rewarding shareholders Performance shows improving profitability and returns to shareholders Net Operating Income Net Income Portion attributed to Capital Bank, excluding Audi transaction NOI +6.2% All values in USD Solid performance and Audi Upside Robust strategy continues to allow for significant growth in net operating income and profitability. Reached $14.4m in Net Income for Q1 2021 versus $8.6m in Q1 2020, excluding Audi transaction impact. NI +17.1% 88.3 +54% excl. Audi +390% incl. Audi 69.3 66.3 62.4 48.9 42.8 38.5 40.6 42.8 +38% 42.0 22.8 20.9 15.2 8.6 14.4m 2016 2017 2018 2019 2020 Q1 2020 Q1 2021 ROE 4.9% 8.0% 8.8% 8.4% 9.2% 7.02% 32.2% Dividend % 5% 10% 10% 10%** 12% Dividend Payout Ratio 81% 82% 65% 80%* ** 92% EPS 0.087 0.172 0.217 0.178 0.183 0.035 0.207 15 *ROE figure covering YTD June 2020 performance excludes COVID-19 & FX devaluation impact related provisions for the period. ** Dividends for 2019 announced, however postponed due to Central Bank of Jordan's instructions to all Banks following the onset of COVID-19.#16Strategic partnerships to support long-term growth ARAB TRADE FINANCING PROGRAM Financing facilities for eligible trade transactions IFC ☐ Credit line, technical assistance, access to global network of confirming banks for both Jordan and Iraq JORDAN LOAN GUARANTEE CORP. Guarantees 70% of loans granted to SMEs المؤسسة العربية لضمان الإستثمار وائتمان الصادرات The Arab Investment & Export Credit Guarantee Corporation Credit limit and insurance scheme for eligible trade finance transactions OPIC Guarantees a portion of loans granted to SMEs SFD الصندوق السعودي للتنمية Saudi Fund for Development ICIĘC The leader in Islamic investment Insurance and Export Credit " ■ Credit limit to finance LCs, bills of exchange and commercial invoices العربية للاستثمار س.م.ع. الشركة العـ Arab Investment Company S.A.A afe AGENCE FRANÇAISE DÉVELOPPEMENT Credit facilities with relatively low interest rates to finance eco- friendly projects PROPARCO GROUPE AGENCE FRANÇAISE DE DÉVELOPPEMENT Sharia compliant export and investment insurance European Bank for Reconstruction and Development Trade finance guarantees and revolving credit facilities for SMEs ☐ ☐ Credit line for trade finance activities Discussions ongoing on a Group Level. 16#17Section 2 The Iraq Opportunity capital 17#18Internal Growth Drivers Selected Economic Indicators Iraqi market presents a significant growth opportunity Growing Oil Production and Capacity Iraq's daily oil production capacity has grown by over 50% in the last 6 years, contributing to ~16% of total OPEC production up from an average of 10% previously. Despite periods of political instability and lower oil prices, this will remain a stable/ recurring income source for Iraq. This was also strengthened by recent devaluation of IQD. Oil Production, Daily Avg (million barrels) +52% 4.4 4.6 4.4 4.8 4.6 5 3.0 0 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Role of non-oil sector key to sustainability Recent devaluation of the IQD strengthened the financial positioning and ability to cover salaries and internal IQD commitments. Oil related government revenue however, is not nearly enough to sustain investments in infrastructure and other non-salary spending needs. Foreign currency reserves historically remain strong (covering ~13 months of imports), given continuous money flow from oil & gas. However, reliance on funding from state-owned banks to cover deficits continues. Overall, there remains major challenges within the structure of the economy. Increased investment and more effective execution in non-oil sectors are critical. Sources: OPEC, World Bank, Central Bank of Iraq Significant room for GDP growth Fluctuating GDP, with political instability and economic weakness continuing to impact economic growth potential. However the government has taken concrete steps, and with the help of the international community to start making reforms and addressing the core issues. 5,955 USD 8,104 USD 33,672 USD Iraq GDP per Capita MENA Avg Oil-Producing GCC Avg Over 5x of current GDP must be achieved to reach oil-Producing regional averages. Indicating significant room for growth in the long-term. Significant infrastructure needs Iraqi government requires at least $100b in reconstruction & infrastructure projects, which will continue to drive growth and solidify the role of the private sector and foreign investor community. With gaps in critical defensive sectors such as healthcare, FMCG & education. Increased appetite from foreign markets Iraq is attracting increased amount of funding lines and financial support from DFI's, investors and governments. With increased appetite for US denominated government bonds. Ability to mitigate risk through international insurers such as MIGA, will further drive private sector investments. Large young population, tech driven Over 50% of Iraq's ~40m population falls in the working population age bracket. Demand and spending to continue to increase. Clear opportunity for digitization and technological innovation across sectors. Entrepreneurship hubs and accelerators are starting to develop, to cater for ambitious concepts coming to the market. Improving local expertise Initially limited involvement of local entities in the oil & gas/ EPC, as well as other strategic sectors. Recently however the trend is reversing with Iraqi companies gaining technical expertise leading to a new opportunity of subcontracting for large global players. 18#19Private banks to play an increasingly important role Current Sector Dynamics, Opportunity for well-established platforms Fragmented market with over 70 operating Banks, including 7 state owned, 45 private Iraqi (only 5 with regional investor) and 18 branches of foreign. Dominance of state-owned banks, holding over 80% of total assets, ~90% of deposits and ~80% of cash credit. Remaining share split within private sector. Historically, private banks highly dependent on revenue from Central Bank of Iraq currency auctions and FX transactions. With only a handful of banks with the right infrastructure, technology and resources to grow sustainably. Cash circulated outside banks significantly higher than a typical economy, with $45b in currently outside banks (~20% of GDP). Deposits and credit to GDP Ratios at 30% and 17% versus a MENA average of 67% and 60% consecutively as per latest data. Overall, very low banking penetration across individuals & businesses (GPFI WB 2017). Adults with Bank Accounts Acc holders with ¦ Adults who Adults with Credit Cards new deposits in the last 12 months borrowed in last 30% 25% 2% 12 months <3% SME's who have financed investment projects 2.7% Opportunity for banks that have invested in building a solid infrastructure and technology platform to differentiate themselves and gain market share very rapidly as the sector continues to develop. Significant upside for shareholders of well-positioned banks, as a majority of those listed on the Iraq Stock Exchange currently trading below par value. Sources: World Bank, GPFI, Central Bank of Iraq Why is this an attractive opportunity now? Several initiatives being implemented to promote financial inclusion and expand the role of private banks. $ Financial inclusion strategy underway, with salary transfers to government employees being gradually channeled to a selected group of private banks. Access to salary through telecom providers' points of sale, and digital improvements countering relatively low ATM footprint and allowing private banks to better position their service offering. Plans to establish a deposit-guarantee fund should help to overcome some of the population's fear to deposit cash at banks. Government starting to utilize conventional debt financing through banks, rather than indirectly monetizing via the Central Bank. International support to provide funding lines and partnerships with selected private banks, allowing companies to start utilization traditional trade finance products through local banks. Recent focus on microfinance and providing guarantees and credit lines for private banks to extend to SME's. Both by CBI & DFI's such as IFC. 19#20Section 3 Financial Performance Highlights Capital Bank, Consolidated Level capital 20#21Growing diverse asset base, liquid investments portfolio All values in USD millions Growing asset base with a strategic allocation across asset classes ■ Well diversified and growing asset base, with a healthy return on funds. Investment portfolio of $1.2b, with a majority in liquid gov. securities. Gross credit growing at a CAGR of 11.1% between 2015 and 2020 to reach $2.12b and a further 30% in Q1 2021 to reach $2.76m. The facilities composition reflects focus on Corporate/ SME clients, who comprise ~68% of portfolio as of Q1 2021 (56% Corporate, 12% SME), with remaining majority to retail clients and mortgages. This is slightly lower than the ~76% level at the end 2020. Prudent provisioning & improving NPL ratio ☐ ☐ " Central Bank measures as well as internal controls and prudent lending strategy continue to help cushion impact of COVID-19 on the economy. Provision coverage ratio (including collaterals against such loans) remains well above 100%. Watchlist remains constantly monitored with a similar provisioning approach, and collateral coverage requirements. Overall, Bank continues a prudent credit control and collection policy. Asset Breakdown Loans Breakdown +1% +23% 8.6% 6.4% 4,749 8% 117 105 4.5% 97 6.3% 177 NPL Ratio 3,877 3,907 NPL Balance 14% 8% -6% 3,084 12% 2018 2019 2020 Q1 2021 16% 25% 2,771 -9% Other Assets -8% 25% 14% 25% 16% Coverage Ratio, % Cash & Balances 27% Investments 30% 1.57 1.40 1.33 54% 1.18 51% 57% 50% Net Loans 45% 88% 61% 75% 76% Coverage (Incl. Collaterals) Provision Coverage 2018 2019 2020 Q1 2021 Q1 2021 2018 2019 2020 Q1 2021 (Excl. Audi) (Total) 21#22Growing deposit base and healthy liquidity standing Growing and diverse liability base Diverse funding base, with growing stable funding from Customer Deposits and Margins (growing by 31% between 2018 and 2020) and a further 30% in Q1 2021. Cost of funds slightly lower in 2020. With a consistently healthy NIM over the last period. Trend is continuing in Q1 2021. Liquidity Coverage Ratio (LCR) stands at 175.4% as of 2020, and 142.8% in Q1 2021, which is well above 100% regulatory minimum. Growing deposit base, with healthy growth in CASA balances All values in USD millions Stable non-current deposit base at ~64% of total deposits, with non- interest-bearing deposits up from 19.8% in 2019 to 25.02% in Q1 2021. Total deposits grew by 34% between 2018 and 2020, and a further 28% in Q1 including Audi and 4% on a standalone basis, with CASA balances growing by 58% between 2018 to Q1 2021, and 23% in Q1 2021 alone. Deposit composition comprises of Retail (58%), Institutional (34%) and Government (8%) as of Q1 2021. Retail base up from 56% in 2020. Deposit Breakdown Segment Breakdown Q1 2021 +25% +28% Liabilities Breakdown 4,207 3,017 3% +34% SME 6% 5% +30% 9% 8% 12% 2,361 1,056 Gov. 3,375 (35%) 5% 3% 1,760 1,842 15% 857 (36%) Corporate 29% 29% 2,594 Current 667 6% 598 (32%) Other liabilities -3% 2,296 & Savings (38%) 11% Loans & Subordinated 3%- 80% 65% 9% 6% Retail 56% 58% FI Deposits 3%; 64% 80% 76% Customer Deposits Deposits & CDs 62% 68% & Margins 85% 2018 2019 2020 Q1 2021 (Total) 2018 2019 2020 Q1 2021 Excl. Total Audi 22#23Healthy revenue generation and expense management Growing and healthy revenue base ■ Total revenues continue to grow strongly with a CAGR of 7% between 2016 and 2020. Q1 2021 revenue grew by 16% versus Q1 2020. Highest growth achieved in revenues from lending activities and markets (investments) in 2020 and continues in Q1 2021. Revenue composition since 2015 constitutes an average of 75% coming from lending activities, with commissions at 18% and markets at 7%. All values in USD millions Operating Expenses remain under control, with prudent efficiency policies ☐ ☐ Operating expenses remain well managed and growing at a slower pace compared to revenue, with focus on capitalizing on synergies across subsidiaries. Efficiency ratio improved by ~5% in Q1 2020 versus Q1 2020. Over the last 5 years, staff costs comprise 47% of expenses, depreciation at 11%, and rent & occupancy at 7%. Other operating expenses split across several categories, with no concentration. Total Revenue Loans Markets Revenue Commissions Investment Banking Operating Expenses Efficiency Ratio (Excl. Dep) Operating Expenses CAGR +2% CAGR +7% 247 50.6% 1% 219 9% 46.3% 197 43.1% 44.3% 43.5% 43.5% 189 190 16% +15% 37.9% 61 53 33 69.7 63.6 64.4 67.8 64.4 74% 15.2 16.3 2016 2017 2018 2019 2020 Q1 2020 Q1 2021 2016 2017 2018 2019 2020 Q1 2020 Q1 2021 23#24Annex Financial Statements capital#25Income Statement, Capital Bank Consolidated 2015 2016 2017 2018 2019 2020 CAGR (2015-20) All values in USD thousands Q1 2020 Q1 2021 Growth Interest Income/ Lending Commission Income/ Transaction 141,487 135,170 134,527 147,807 161,814 183,760 5.4% 41,670 50,131 20% 24,721 36,004 47,687 34,188 37,877 38,945 9.5% 8,131 9,325 15% Markets & Investment Banking 3,754 17,426 14,506 8,119 19,352 24,227 45.2% 3,287 1,533 -53% Total Revenues 169,961 188,601 196,719 190,114 219,042 246,932 7.8% 53,089 60,989 15% Cost of Fund (63,382) (55,762) Interest In Suspense (42,619) (49,197) Gross Operating Income 106,580 132,839 130,669 (66,050) (76,805) (86,939) (90,852) (20,769) (23,625) (25,297) (33,058) 113,309 132,103 156,080 7.5% (22,670) (23,821) -5.0% (47,606) (51,916) -9% 7.9% 30,419 37,168 22% Operating Expenses, Staff (25,563) (29,599) (33,036) Operating Expenses, Other (36,110) (33,969) Net Operating Income 44,906 69,272 (31,362) 66,271 (32,466) (33,135) (30,336) (31,960) (36,574) 48,883 62,394 3.5% (8,406) (8,940) ཚོསྶོ ཚོ ; (37,478) 88,266 0.7% (6,841) (7,331) 7% 14.5% 15,172 20,896 38% Impact as a result of acquisition 32,660 Acquisition Expenses (3,810) Provisions & Non-Recurring (29,310) Income Tax (14,089) (31,063) (22,008) (15,451) (5,742) Net Income 1,508 22,759 38,521 3,866 (9,945) 42,804 (10,026) (34,659) (11,724) (10,868) 40,644 42,739 (4,367) (4,691) (2,225) (3,015) 95.2% 8,580 42,040 390% Net Interest Margin 3.8% 3.7% 3.2% Efficiency Ratio (Ex. Dep.) 52.8% 43.1% 44.3% 3.2% 50.6% 3.2% 46.3% 3.3% 3.13% 3.22% 37.7% 43.51% 37.91% ROE 0.32% 4.90% 8.00% 8.84% 8.42% 8.62% EPS 0.035 0.087 Dividend Ratio/ Payout Ratio 6%/240% Market Capitalization P/E Ratio 282,087 40.0 5%/81% 234,133 13.4 0.172 10%/82% 0.217 0.178 0.042 7.02% 0.035 32.22% 0.207 * 10%/65% 10%/80% 12%/92% 222,849 6.5 259,520 6.0 282,087 7.97 265,162 31.3 262,341 372,355 37.2 9.0 *Dividends for 2019 announced, however postponed due to Central Bank of Jordan's instructions to all Banks following the onset of COVID-19. Efficiency Ratio for Q1 2021 excludes impact of Audi acquisition. ** 25 25#26Balance Sheet, Capital Bank Consolidated All values in USD thousands 2017 2018 2019 2020 Q1 2021 CAGR (2017-2020) Growth (Q1 2021) Cash & Balances Direct Credit Facilities, net Investments Portfolio 673,005 1,298,960 450,530 1,256,642 428,574 1,539,994 677,406 838,563 772,119 618,323 1,996,458 967,646 644,538 2,544,404 -2.8% 4.2% 15.4% 27.4% 1,201,524 12.6% 24.2% Other Assets Total Assets Banks & FI Deposits 172,031 225,433 343,057 294,591 358,891 19.6% 21.8% 2,821,401 2,771,168 3,083,743 3,877,017 4,749,358 11.2% 22.5% 152,148 Customer Deposits & Margins 1,920,568 62,960 1,962,515 Loans & Borrowings (Incl. Subordinated) 192,721 Other Liabilities 63,166 Total Liabilities 2,328,602 200,673 69,938 2,296,087 160,499 2,080,440 273,173 79,534 2,593,646 194,723 2,575,368 231,170 8.6% 18.7% 3,351,673 10.3% 30.1% 505,432 483,977 37.9% -4.2% 99,819 3,375,343 140,382 16.5% 40.6% 4,207,202 13.2% 24.6% Paid in capital 282,087 282,087 282,087 282,087 282,087 Additional Paid in Capital 1,001 1,001 1,001 1,001 1,001 Statutory & General Banking Risk Reserve 61,396 54,426 58,112 62,322 62,322 Retained Earnings 71,924 74,323 78,145 110,150 151,976 15.3% 38.0% Treasuary shares (3,819) (3,819) Fair Value & FX Reserves/ Adjustments (5,170) (7,337) (5,058) (18,225) (20,593) Equity attributed to Shareholders 411,238 404,500 414,287 433,516 472,974 1.8% 9.1% Total Shareholders Equity (Incl. Non-Controlling Interest) 492,799 475,081 490,097 501,675 542,156 0.6% 8.1% Total Regulatory Capital 322,921 340,448 423,086 433,400 460,887 Total RWAs 2,135,879 2,095,247 2,298,750 2,594,615 3,143,560 Capital Adequacy % 15.1% 16.2% 18.4% 16.7% 14.7% Primary Capital % 14.0% 15.4% 16.4% 15.0% 13.0% 26 26#27Income Statement, National Bank of Iraq All values in USD thousands 2015 2016 2017 2018 2019 2020 CAGR (2015-20) Q1 2020 Q1 2021 Growth Interest Income/ Lending 16,578 13,248 7,064 6,579 13,415 20,990 4.8% 4,380 6,418 47% Commission Income/ Transaction 8,486 19,653 26,971 14,787 17,569 22,264 21.3% 4,042 5,620 39% Markets & Investment Banking 3,258 10,291 2,174 (4,501) 5,960 10,021 25.2% 1,872 22 -99% Total Revenues 28,321 43,191 36,209 16,865 36,943 53,275 13.5% 10,293 12,060 17% Cost of Fund (6,054) (3,902) (5,499) (3,432) (4,946) (8,477) 7.0% (1,590) (2,216) 39% Interest In Suspense (3,204) (4,897) (7,386) (4,558) (6,391) (25,773) 18.8% (6,320) (7,813) 24% Gross Operating Income 22,267 39,289 30,710 13,432 31,998 44,797 15.0% 8,703 9,844 13% Operating Expenses, Staff Operating Expenses, Other Net Operating Income (4,745) (5,017) (8,243) (8,478) (9,296) (11,090) 9,279 25,794 15,698 (3,253) (5,716) (5,596) (5,832) (7,016) 5.3% (1,662) (2,248) 35% (10,584) (13,240) 15,582 6.4% (2,575) (4,529) 76% 24,541 21.5% 4,466 3,067 -31% Provisions & Non-Recurring (21,653) (8,727) (2,418) 16,801 (1,375) (4,512) -26.9% (1) (845) Income Tax (1,910) (3,412) (2,356) (1,982) (469) (3,958) 15.7% (536) (486) ** Net Income (14,284) 13,655 10,924 11,566 13,738 16,071* 4.2% 3,930 1,735 -56% Net Interest Margin Efficiency Ratio (Ex. Dep.) ROE * Net Income for FY 2020 excludes FX income attributed to the revaluation following the devaluation of the Iraqi Dinar **NI CAGR covering 2016 to 2020. 7.40% 5.84% 2.43% 2.03% 3.15% 4.07% 3.6% 4.5% 53.5% 29.1% 43.1% 110.6% 45.7% 15.7% 42.5% 63.9% -6.52% 6.59% 5.11% 5.57% 6.69% 7.84% 7.51% 3.43% 27#28Balance Sheet, National Bank of Iraq Cash & Balances Direct Credit Facilities, net Investments Portfolio Other Assets All values in USD thousands 2017 2018 2019 2020 Mar-21 CAGR (2017-Q1 21) Growth (2020) 319,924 317,734 298,623 302,241 321,864 0.2% 1.2% 108,781 63,665 143,636 217,534 300,667 40.3% 51.4% 1,299 22,291 49,255 49,150 50,364 238.4% -0.2% 53,828 37,728 43,114 35,223 131,731 34.8% -18.3% 483,832 441,417 534,628 604,147 804,626 18.5% 13.0% Total Assets Banks & FI Deposits 0 788 7 121 14,110 3858.0% Customer Deposits & Margins 242,439 198,157 285,085 337,282 500,884 27.4% 18.3% Loans & Borrowings 2,562 4,370 14,322 45,414 49,345 168.1% 217.1% Other Liabilities 25,445 39,698 22,948 23,644 39,918 16.2% 3.0% Total Liabilities 270,446 243,013 322,361 406,461 604,257 30.7% 26.1% Paid in capital 211,452 211,452 211,452 211,452 211,452 0.0% 0.0% Statutory Reserve & General Risk Reserve 6,219 3,257 3,116 4,182 4,182 -12.4% 34.2% Retained Earnings (4,606) (26,471) (14,894) (2,251) 37,869 -301.8% -84.9% Current Period Profit 10,924 11,566 13,738 16,071 1,735 -45.8% 17.0% Fair Value & FX Reserves/ Adjustments (10,604) (1,399) (1,146) (31,768) (54,870) 73.0% 2672.0% Equity attributed to Shareholders 213,385 198,405 212,266 197,686 200,369 -2.1% -6.9% Total Regulatory Capital Total RWAs Capital Adequacy % 95,728 145,313 192,829 197,973 199,636 471,035 482,406 615,000 773,939 1,150,336 20.3% 30.1% 31.4% 25.6% 17.4% 28