Financial & Operating Performance

Appendix Strategy Financial & Operating Performance Emirates NBD Profile Operating Environment Dubai Economic Update (1/3) Highlights After easing in December, Emirates NBD Dubai Economy Tracker Index (DETI) rose to 56.0 in January mainly on the back of faster output and employment growth. Dubai's economy expanded 3.2% y-o-y in Q1-17. Hospitality (restaurants and hotels) was the fastest growing sector in Dubai at 8.8% followed by Real Estate at 7.2% Composition of Dubai GDP Dubai GDP by Sector (%) - Q1-17 Hosp 6% Others 22% Trade 25% Transportat & Storage 12% Constr. & RE 13% Manuf. 8% Financial services 12% Source: Dubai Statistics Centre Dubai: Key sector growth rates in Q1-17 Emirates NBD Dubai Economy Tracker Index 10.0 9.0 8.0 62 7.0 60 58 6.0 5.0 8.8 4.0 7.2 56 54 3.0 4.8 4.2 3.9 2.0 1.0 52 0.0 50 48 Jan-15 Jun-15 Nov-15 Apr-16 Sep-16 Feb-17 Jul-17 Dec-17 Source: Markit, Emirates NBD Research Source: Dubai Statistics Centre Hospitality Real Estate Transportatio Social Manufacturing Communication 2.5 0.7 Utilities Emirates NBD 4

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