Emirates NBD Economic Environment and Business Outlook

Monetary Assets Jun-20 466 Sep-20 477 Dec-20 Hyperinflation Türkiye Consumer Price Index 190% 505 Mar-21 524 Jun-21 547 Sep-21 571 110% Dec-21 687 Mar-22 844 Jun-22 978 Sep-22 1047 DenizBank's results and financial position included within ENBD's consolidated Financial Statements are adjusted for hyperinflation with effect from 1-Jan-22 Non-monetary Assets Dec-22 1128 38% Mar-23 1270 Monetary Liabilities Net Monetary 1 Equity Position • Jun-23 1352 0.6 0.7 Key Highlights Turkish CPI grew by 190% over preceding three-years and by 38% in the preceding 12 months Net profit H1-22 Income Expenses Provisions Profit before tax & others Hyperinflation Adjustment Tax Profit H1-23 Non-monetary Liabilities • (0.6) 0.8 1.6 AED 0.6 bn credit to equity representing the impact of indexing non-monetary items from date of acquisition until 31-Dec-21 The positive impact on capital of 20 bps from hyperinflation adjustment is excluded from capital adequacy computations Group EPS for H1 -23, excluding hyperinflation adjustment, is 92% higher at AED 2.11 compared to AED 1.1 for H1-22 Hyperinflation accounting not mandated by local regulator 28 0.5 1.9 (0.2)

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