Capital Adequacy and Divisional Performance

Strategic Imperatives for 2010 Optimise Balance Sheet Drive Profitability Enhance Risk Management Selectively Invest in Platforms for Growth Prudent lending growth ■ Focus on funding - Leverage distribution network Objectives - Maintain & develop wholesale sources of medium/long term funding - Implement liability retention and gathering plans Optimise capital allocation - Deploy capital allocation model based on economic capital - Review non-core activities (e.g. proprietary investment portfolio) ■ Maximise customer revenue - Capture re-pricing opportunities - Cross-sell Treasury and Investment Banking services to corporate clients Improve customer retention and deliver distinctive customer service ■ Continue to optimise cost position ■ Continue to strengthen risk management, governance and controls - Enhance & implement internal rating, scoring and risk models - Enhance operational risk management framework - Strengthen risk function and governance Exploit domestic & regional expansion opportunities - Abu Dhabi retail banking expansion - Emirates Islamic Bank UAE expansion - Private Banking, Priority Banking and SME Banking expansion - Organic growth in GCC (e.g. KSA) – Opportunistically evaluate inorganic regional expansion opportunities - Evidence of success in Q1 2010 ■ CAR strengthened to 21.9% from 20.8% at end-2009 ■ Tier 1 increased to 13.9% from 13.3% at end-2009 ▪ RWAs declined by 1% from end-2009 ■ Deposits grew by 6% from end-2009 vs. 1% decrease in loans, lowering the LTD ratio to 111% and adjusted LTD ratio to 98% ■ Q1 2010 cost declined by 5% to USD 237 million from Q1 2009 and by 9% from Q4 2009 ■ ROE of 19.6% for Q1 2010 ■ Credit metrics remain robust and within expectations ■ Credit NPL ratio increased to 2.63% from 2.36% at end-2009 ■ Launched new Private Bank proposition; now almost 60 RMS ■ New Priority and SME banking concepts rolled out ■ Upgrading Singapore rep office to branch ■ Continue to evaluate inorganic opportunities Emirates NBD 25 25

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