Q2-18 Financial Results Highlights

Operating Environment Emirates NBD Operating Costs and Efficiency Highlights • Q2-18 costs were 7% higher q-o-q due to an increase in staff and IT costs as signaled earlier. Other costs also increased due to costs associated with the acquisition opportunity in Turkey Costs increased 21% y-o-y in Q2-18 but remain within 2018 guidance of 33% as we continue with our investment in digital transformation and technology refresh Occupancy costs increased due to the Bank's international branch expansion Cost to Income Ratio (%) 33.7 34.5 32.6.……… .328......... 32.0 32.0 33.1 31.3 31.1 31:5 32.3 30.9 30.8 32.0 32.7 30.2 30.9 29.6 Q1 16 Q2 16 Q3 16 Q4 16 ■■■■ Target Q1 17 Q2 17 CI Ratio (YTD) Q3 17 Q4 17 Q1 18 Q2 18 CI Ratio Appendix Strategy Financial & Operating Performance Emirates NBD Profile Cost Composition (AED Mn) 1,270 1,322 1,370 1,276 1,136 X(7%) 765 797 842 812 732 93 88 91 98 108 92 99 94 96 91 222 314 329 277 333 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Staff Cost Occupancy Cost Depr & Amort Other Cost 18

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