Q2-16 Financial Results Highlights

Appendix Strategy Financial & Operating Performance Emirates NBD Profile Operating Environment Dubai Economic Update (1/3) Highlights . Dubai's economy expanded 4.1% y/y in 2015, up from 3.5% in 2014. Wholesale & retail trade remains the largest sector in the economy, and expanded 4.0% in 2015. Hospitality (restaurant and hotels) was the fastest growing sector in Dubai in 2015, at 8.0% y/y The Emirates NBD Dubai Economy Tracker Index rose further in July to reach 55.9, the highest reading since March 2015. Firms surveyed cited "favourable business conditions, resilient client demand and competitive pricing strategies" as contributing to the overall improvement in business conditions Dubai: Real GDP growth % y/y 6.0 5.0 4.6 3.9 4.0 4.0 3.0 3.0 2.5 2.0 1.0 5.2 4.2 Intill 0.0 Q1 Q2 2014 3 Q3 Q4 Q1 Q2 Q3 2015 Emirates NBD Dubai Economy Tracker Index Source: Dubai Statistics Centre, Emirates NBD Research Dubai: Key sector growth rates in 2015 50 48 2023 54 64 62 60 58 56 52 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Source: Markit, Emirates NBD Research % y/y CO 6 8 10 4 8.0 5.7 2 0 Hospitality Utilities Transport 5.0 Real Estate 4.4 4.0 3.4 0.4 Source: Dubai Statistics Centre, Emirates NBD Research Trade Manufacturing Construction 40 Q4 Emirates NBD 4 2.8

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