Investor Presentaiton

Emirates NBD Board Nomination & Remuneration Committee Mr. Buti Obaid Buti Al Mulla Mr. Mohamed Hamad Obaid Al Shehi H.E. Mohamed Hadi Ahmad Al Hussaini Mr. Ali Humaid Ali Al Owais Mr. Hesham Abdulla Al Qassim Total Number of Meetings: 4 Emirates NBD Board Risk Committee Mr. Hesham Abdulla Al Qassim Mr. Hussain Hassan Mirza Al Sayegh Mr. Buti Obaid Buti Al Mulla Mr. Ali Humaid Ali Al Owais Mr. Salem Mohammed Obaidalla Total Number of Meetings: 4 Emirates NBD Board Credit and Investment Committee Mr. Hesham Abdulla Al Qassim Mr. Shoaib Mir Hashem Khoory H.E. Mohamed Hadi Ahmad Al Hussaini Mr. Ali Humaid Ali Al Owais Mr. Salem Mohammed Obaidalla Total Number of Meetings: 48 Auditors: Chairman of the Committee Member Member (Resigned on 27.9.2021) Member Member (Appointed on 27.9.2021) Chairman of the Committee Member Member Member Member Chairman of the Committee Member Member Member Member Deloitte and Touche (M.E.) were appointed as auditors of the Emirates NBD Group for the 2021 financial year at the Annual General Meeting held on 24 February 2021. On behalf of the Board Chairman Dubai, UAE 25 January 2022 INDEPENDENT AUDITORS' REPORT The Shareholders Emirates NBD Bank PJSC Dubai United Arab Emirates Report on the Audit of the Consolidated Financial Statements Opinion We have audited the consolidated financial statements of Emirates NBD Bank PJSC (the "Bank") and its subsidiaries (together the "Group"), Dubai, United Arab Emirates which comprise the consolidated statement of financial position as at 31 December 2021, and the consolidated income statement, consolidated statement of comprehensive income, consolidated statement of changes in equity and consolidated statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group, as at 31 December 2021, and its consolidated financial performance and consolidated cash flows for the year then ended in accordance with International Financial Reporting Standards ("IFRSS"). Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the consolidated financial statements section of our report. We are independent of the Group in accordance with the International Ethics Standards Board for Accountants' Code of Ethics for Professional Accountants (the "IESBA Code") together with the other ethical requirements that are relevant to our audit of the Group's consolidated financial statements in the United Arab Emirates and we have fulfilled our other ethical responsibilities. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Key Audit Matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated financial statements of the current period. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter Our audit approach Loan loss impairments - Estimation uncertainty with respect to expected credit losses for loan and advances to customers The assessment of the Bank's determination of We have gained an understanding of the loan origination impairment allowances for loans and advances to process, credit risk management process and the customers require management to make judgements estimation process of determining impairment allowances over the staging of financial assets and measurement for loans and advances to customers and tested the of the Expected Credit Loss (ECL). The audit was operating effectiveness of relevant controls within these focused on this matter due to the materiality of processes. the loans and advances to customers (representing 61.4% of total assets) and the complexity of the On a sample basis, we selected individual loans and judgements, assumptions and estimates used in performed a detailed credit review and challenged the the ECL models. Refer to Note 7 to the consolidated Bank's identification of SICR (Stage 2), the assessment financial statements for the accounting policy and of credit-impaired classification (Stage 3) and whether Note 46 for the credit risk disclosure. relevant impairment events had been identified in a timely manner. We challenged the assumptions underlying the impairment allowance calculation, such as estimated future cash flows, collateral valuations and estimates of recovery. We evaluated controls over approval, accuracy and completeness of impairment allowances and governance controls, including assessing 3 EMIRATES NBD BANK PJSC - GROUP CONSOLIDATED FINANCIAL STATEMENTS - FOR THE YEAR ENDED 31 DECEMBER 2021 4 بنك الإمارات دبي الوطني Emirates NBD

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