Investor Presentaiton

PUBLIC Kuwait Operations NBK Islamic Banking (Boubyan Bank 60.1% owned subsidiary) Corporate Banking Remain the primary banker for local blue-chip companies Remain bank of choice among foreign corporations; serving 75% of them active in the Kuwaiti market Maintain current market share in excess of 30% in trade finance Increase market share in medium corporate segment Focus on project finance benefiting from NBK's large capital base Maintain asset quality Consumer Banking Maintain leadership with largest market share and highest customer penetration Maintain focus on customer service Aim to attract new bankable clients such as SMEs Pioneer innovative products and services utilizing the latest tools and technologies Proactive attrition management Meet evolving banking demands Co Private Banking Continue to provide a unique proposition to HNW Provide access to best of breed international funds leveraging NBK's wealth management expertise Leverage NBK's strong brand to acquire new clients and retain onshore relationships Broaden the product portfolio to accommodate growing needs After a series of gradual share acquisitions since 2009, NBK's stake in Boubyan bank reached 58.4% in 2012. Through Boubyan, NBK aims at diversifying its income stream, complementing its product offering as well as targeting a new segment of clients. ☐ The size and market share development of Boubyan relative to other Islamic banks leaves significant room for repositioning the bank and acquiring market share. ■ NBK is committed to the future growth and transformation of Boubyan Bank and establishing a strong presence in the growing Islamic banking segment. The Bank's transformation and strategy implementation is led by a highly proficient management team with extensive regional banking experience, with key positions filled by NBK veterans aligned with the NBK culture. 5.7% Market share of Assets and Customer Deposits 8.5% 6.5% ■ Assets ■ CDs 10.0% 9.6% 8.9% 8.2% 7.6% 7.4% 9.5% 2018 2019 2020 2021 2022 National Bank of Kuwait 9

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