Q2-16 Financial Results Highlights

Appendix Strategy Financial & Operating Performance Emirates NBD Profile Operating Environment H1-16 Financial Results Highlights • • Net profit of AED 3,718 million for H1-16 improved 12% y-o-y Net interest income improved 2% y-o-y as loan growth more than offset NIM contraction Non-interest income remained flat y-o-y as higher core fee income, particularly from foreign exchange, helped offset lower income from the sale of properties Costs grew 11% y-o-y on the back of late 2015 growth in anticipation of increased business volumes, which has since been contained in light of the new economic reality. Staff costs now falling as cost control measures implemented in Q1-16 take effect. Cost trends within guidance and continue to be tightly managed Provisions of AED 1,456 million improved 27% y-o- y as cost of risk continues to normalize on the back of improving asset quality metrics NPL ratio improved to 6.6% and coverage ratio strengthened to 118.5% AD ratio of 96.1% within management range NIMS declined to 2.58% as loan spreads did not keep pace with the higher cost of deposits Key Performance Indicators Emirates NBD AED Mn H1-16 H1-15 Net interest income 5,099 4,982 Non-interest income 2,572 Total income Operating expenses 7,671 (2,476) Better / (Worse) 2% 2,573 (0%) 2,414 7,555 2% 7,674 (2,236) (11%) (2,484) H2-15 Better/ (Worse) 5,260 (3%) 7% (0%) (0%) Pre-impairment operating profit Impairment allowances Operating profit Share of profits from associates Taxation charge Net profit 5,195 5,319 (2%) 5,190 0% (1,456) 3,739 (1,986) 3,333 27% (1,420) (2%) 12% 3,770 (1%) 61 75 (18%) 92 (33%) (82) (90) 9% (54) (52%) 3,718 3,317 12% 3,807 (2%) Cost: income ratio (%) Net interest margin (%) 32.3% 2.58% 29.6% (2.7%) 32.4% (0.1%) 2.83% (0.25%) 2.81% (0.23%) AED Bn 30-Jun-16 30-Jun-15 % 31-Dec-15 % Total assets 425.8 388.1 10% 406.6 5% Loans 286.0 256.2 12% 270.6 6% Deposits 297.6 274.4 8% 287.2 4% AD ratio (%) 96.1% 93.3% (2.8%) 94.2% (1.9%) NPL ratio (%) 6.6% 7.4% 0.8% 7.1% 0.5% 13

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