Investor Presentation August/September 2009

Consumer Bank Emirates NBD Asset Quality Real Estate Exposure Wholesale Bank Exposures to Real Estate and Contracting Sector is 15.8% and 5.2% of the corporate portfolio respectively Emirates NBD is very selective in financing real estate sector. Extent of finance is generally limited to: 70% of construction cost excluding land or 60% of cost including land (land valued at lower of cost or market value) 60% of purchase price for completed properties Exposure is mainly to top tier names with diversified business interests and multiple sources of repayment Financing now restricted to Emirates of Dubai & Abu Dhabi. ■ Repayment experience is satisfactory Approximately 65% of the portfolio has a repayment maturity of < 3 years Careful monitoring of the Real Estate, Construction and related sector exposures expecting economic slow down Mortgage portfolio is relatively small; AED4.7b as both EBI and NBD are recent entrants into the mortgage market Mortgage finance offered across a select range of premium developers, including Dubai Properties, Emaar, Nakheel, Aldar and Sorouh Emaar, Dubai Properties & Nakheel account for 77% of the mortgages financed by ENBD ■ Villas account for approximately 42% of the portfolio; Completed properties account for 76% of the portfolio Average LTV is 75% on original value ■ More than 75% of the customers have only one mortgage loan from ENBD ■ Lending criteria are revisited regularly to ensure that the quality of the loan portfolio remains good Mortgages portfolio performance is good: Focus on high income customer segments, 90% of portfolio comprises of customers with income > AED 25K per month, low delinquency and provision rates 13

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