Investor Presentation August/September 2009

H1 2009 Financial Results ☐ Highlights Operating profit before impairment allowances of AED 3,693m - up 26% from H1 2008 of AED 2,928m - up 71% from H2 2008 Net Profit of AED 14m AED million ☐ H1 2009 Net Profit of AED 2,111m - down 20% from H1 2008 of AED 2,648m - up 104% from H2 2008 of AED 1,033m Improvement of equity & bond markets resulted in modest positive impact from mark to market valuations during Q2 2009 ■ H1 2009 operating costs of AED 1,807m - - up 3% from H1 2008 of AED 1,751m Key Performance Indicators Half year ended 30 June 2009 Variance vs. H1 2008 Net Interest Income 3,643 +33% Fee & Other Income 1,578 (22%) Investment & CDS MTM 279 (409%) Total income 5,500 +18% Operating expenses (1,807) +3% Operating profit before impairment allowances 3,693 +26% Impairment allowances: (1,611) +215% Credit (1,409) +687% Investments (202) (39%) Operating profit 2,082 (14%) Amortisation on intangibles (47) +15% Associates 76 (72%) 2,111 (20%) 32.9% (4.6%) 2.58% +0.6% 0.38 (20%) Return on average shareholders' equity (%) 18.9% (8.0%) As at Variance vs. 30 June 2009 31 Dec 2008 281.9 (0.2%) Loans 216.6 +3.7% Deposits 170.5 +5.1% Capital Adequacy Ratio (%) 19.0% +7.6% * Emirates NBD's net profit adjusted for its actual share of Union Properties published net losses in H1 2009 equals AED 1,989m 9 - up % from H2 2008 of AED 1,605m ■ Credit impairment allowance of AED 1,409m, reflecting expected increase in NPL ratio to 1.56% (FY 2008: 0.95%; Q1 2009: 1.19%) and additional portfolio impairment allowances in H1 2009 of AED 731m ■ Total assets at AED 281.9b, stable compared to AED 282.4b at end- 2008 ■ Customer loans at AED 216.6b, up 4% from AED 208.9b at end-2008 ■ Customer deposits at AED 170.5b, up 5% from AED 162.3b at end- 2008 Significant strengthening of capital ratios Net profit* Cost: income ratio (%) Net interest margin (%) EPS (AED) AED billion Total assets Emirates NBD

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