Investor Presentaiton

Sum of The Parts Valuation Analysis Emaar's market cap 1 AED 28 Bn 35.7 9.4 21.3 Emaar's share of Listed companies AED 36 Bn 2.1 (7.7) 2.7 -0.2- Emaar Properties Emaar Dev. Emaar Malls Emaar MISR EEC Amlak 9 | EMAAR PROPERTIES 1) Based on share prices as of 6th May 2021 EMAAR Current share price implies deep holding company discount and negative valuation given to Emaar's unlisted businesses

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