Investor Presentation August/September 2009

2008 Financial Results Highlights Full Year 2008 Net Profit down 7% from 2007 Cash dividend of 20% and stock dividend of 10% Q4 2008 Net Profit of AED 14m (AED 1.2b in Q4-2007) Financial performance impacted by mark to market & impairments on investment securities of AED 1.8b - mark to market on credit default swaps (CDS) of AED 455m Core business continued to perform strongly despite a more challenging environment in Q3 & Q4 2008 Key Performance Indicators AED million Net Interest Income Year to 31 Dec 2008 Variance vs. 2007(1) 5,834 +43% Fee & Other Income 3,861 +37% Investment & CDS MTM (1,248) (694%) Total income 8,447 +19% Operating expenses (3,356) +23% Operating profit before impairment 5,092 +16% allowances Impairment allowances: (1,653) +125% (642) +36% Investments (1,011) +283% Operating profit 3,439 (6%) Amortisation on intangibles (96) +17% Associates 339 (10%) Net profit 3,681 (7%) Cost: income ratio (%) 39.7% +1.5% Net interest margin (%) 2.01% +0.12% EPS (AED) 0.73 (7%) Return on average shareholders' equity (%) 19.1% (6%) As at Variance vs. AED billion 31 Dec 2008 31 Dec 07(1) Total assets 282.4 +11% Loans Deposits 208.9 +26% 162.3 +15% Capital Adequacy Ratio (%) 11.4% (1.7%) " 2008 Core net profit reached AED 5.9b, up 49% from 2007 Core cost to income ratio improved during the year, esp. during the 2nd half as cost measures implemented & synergies realised Core Business Performance (AED billion) Full Year +49% Q4 Results MTM & Impairment of Investments Statutory Year on Year Credit 5.9 4.0 2.3 0.1 +2% 3.9 3.7 0.05 0.02 1.26 1.26 1.18 1.25 2007 2008 Q407 Q408 Note 1: 2007 comparatives are presented on a pro forma basis Note 2: Core business trends exclude mark to market impacts and impairments on investment and other securities. Emirates NBD 8

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