Investor Presentaiton

Appendix Strategy Financial & Operating Performance Emirates NBD Profile Operating Environment Non-Interest Income Highlights Non-interest income improved 26% o-q driven by increases in foreign exchange and derivative income, higher asset management fees and credit card volumes and gains from the sale of investment property Composition of Non Interest Income (AED Mn) 9- AED Mn Q1-15 Q1-14 Better / (Worse) Q4-14 Better/ (Worse) Core gross fee income Fees & commission expense 1,270 1,031 23% 1,088 17% (175) (157) (11%) (118) (48%) Core fee income 1,095 874 25% 970 13% Property income/(loss) Investment securities Total Non Interest Income 170 115 48% 101 68% 95 111 (14%) 12 692% 1,360 1,102 23% 1,082 26% • Additional DirectRemit destinations, such as Pakistan in Q1-15, are expected to help sustain and grow non-interest income Property income improved significantly helped by a number of bulk sales. Income from sale of Property and Investment securities does tend to be more volatile Trend in Core Gross Fee Income (AED Mn) +23% 1,270 +17% 1,146 1,031 1,059 1,088 387 317 246 256 273 54 69 76 64 63 537 586 575 578 646 180 167 164 174 183 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Forex, Rates & Other Brokerage & AM fees Fee Income Trade finance 15 Emirates NBD

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