Q2-18 Financial Results Highlights

Appendix Strategy Financial & Operating Performance Emirates NBD Profile Operating Environment Balance Sheet Trends Emirates NBD 25 Revenue Trends AED Bn -3% +4% 227.1 236.2 AED Mn +14% 6% 1,457 1,374 1,276 283 325 325 118.9 115.7 950 1,050 1,174 Divisional Performance (cont'd) Wholesale Banking Global Markets & Treasury • • Wholesale Banking revenues increased 14% y-o-y Loans grew 4% in H1-18 due to growth in services and trade sectors. Deposits declined 3% as expensive time deposits sourced over year-end rolled off Net Interest Income grew 24% y-o-y driven by an improvement in margins and growth in lending activity Fee income was lower in H1-18 due to a slowdown in Investment Banking activities partially offset by growing non-funded income from Treasury products Focus in 2018 on enhancing customer service quality, share of wallet, increased cross-sell of Treasury and Investment Banking products and larger Cash Management and Trade Finance penetration GM&T revenues increased 48% y-o-y Revenue growth helped by Balance Sheet positioning to take advantage of rate rises Trading delivered a strong performance with significant contributions from the Rates & FX desks Sales witnessed higher volumes in Derivatives and FX due to enhanced product capability and closer working relationship with Corporate & Institutional clients Structured Rates expanded to support flow business Raised AED 6.7 billion of term funding through public issues and private placements with maturities out to thirty years Q4-17 Q2-18 Q2-17 Q1-18 Q2-18 Loans Deposits NFI NII Revenue Trends AED Mn +48% -24% 252 191 92 4 129 79 160 188 50 Q2-17 Q1-18 Q2-18 NFI NII

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