Investor Presentaiton

Strategic Imperatives 1 Optimise Balance Sheet and Capital allocation 2011 Objectives ■ Increase lending activities in identified pockets of growth, e.g. SME lending, cards, ... ■ Further diversifying funding sources with a focus on reducing cost of funding ■ Review all Group companies (subsidiaries and associate companies) and decide on divestment opportunities, increasing stakes or complementary acquisitions Evidence of Success in 2011 ■ Growth in gross loans of 6% in H2 2011 Successfully managed Headline LTD ratio towards 95%-100% target range; grew CASA balances by AED 14 billion, improving CASA % of total deposits to 41% from 31% at end- 2010 Reduced deposit funding costs by 32 bps from 2010 ■ Conducted LT2 exchange offer to extend maturity of liabilities at attractive rates Issued over USD 450m of private placed medium term notes ▪ Expanded funding sources by establishing a Structured Note Programme Completed bank-wide economic profit framework ■ Closed sale of 49% stake in Network International at lucrative PE multiple of 21 and recognised gain of AED 1.8 billion 2012 Objectives ■ Maintain headline LTD ratio within 95%-100% target range ■ Continue to focus on liabilities growth including CASA and long term FDs ▪ Target raising medium - long term funding at acceptable pricing ■ Increase lending activity to select sectors i.e. consumer finance, mid corporate & SME, and large corporate sector in Dubai and Abu Dhabi ■ Continue to streamline and consolidate subsidiaries and decide on further divestment opportunities Emirates NBD 32

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