Investor Presentaiton

Financial Highlights 2011 2011 Financial Results Highlights Net profit of AED 2.5 billion, +6% vs. 2010 Net interest income grew 7% y-o-y to AED 7.3 billion due to net interest margin improvement to 2.68% in 2011 from 2.52% in 2010 ■ Non-interest income declined by 9% y-o-y due to impact of non-core items; however core fee income grew 8% y-o-y Costs increased by 15% y-o-y from AED 3.1 billion to AED 3.5 billion in 2011 resulting from investment in future growth opportunities and additional depreciation on buildings commissioned in Q4 2011; Cost to Income Ratio was at 35.3% in 2011 vs 31.4% in 2010 Continuation of balance sheet de-risking and conservatism on provisioning resulted in impairment allowances of AED 5 billion and write-down in book value of Union Properties investment of AED 750 million in 2011 Gain on Network International transaction of AED 1.8 billion Signs of modest pickup in new underwriting with 4% y-o-y growth in net loans Deposits decreased 3% y-o-y due to balance sheet management initiatives AED million Net interest income Fee & other income Total income Investment securities Operating profit Emirates NBD Key Performance Indicators Income Statement Change 2011 2010 % 7,258 6,795 +7% 2,672 2,927 -9% 9,930 9,721 +2% Operating expenses (3,508) (3,053) +15% Operating profit before impairment allowances 6,422 6,668 -4% Impairment allowances: (4,978) (3,190) +56% Credit (4,757) (2,930) +62% (221) (260) -15% 1,444 3,478 -58% Amortisation of intangibles (94) (94) +0% Associates (654) (1,024) -36% Gain on subsidiaries 1,813 n/a Taxation charge (26) (21) +24% Net profit 2,483 2,339 +6% Cost to income ratio (%) 35.3% 31.4% +3.9% Net interest margin (%) 2.68% 2.52% +0.16% EPS (AED) 0.41 0.37 +9% ROE (%) 10.2% 10.3% - 0.1% ROA (%) Balance Sheet 0.9% 0.8% +0.1% Change 2011 2010 AED billion % Total assets 284.6 286.1 -1% Loans 203.1 196.2 +4% Deposits 193.3 200.0 -3% Capital Adequacy Ratio (%) 20.5% 19.8% +0.7% Tier 1 Ratio (%) 13.0% 12.6% +0.4% 15

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