UAE Economic Update

Capital Adequacy Emirates NBD Highlights Capitalization CAR and T1 declined 0.9% and 0.3% q-o-q to 19.7% and 13.5% respectively resulting from: 19.1 19.5 19.9 20.6 19.7 12.5 12.8 13.2 13.8 13.5 ― decrease in Tier 1 capital by AED 0.6 billion in Q1 43.3 43.9 44.5 45.0 43.2 2013 due to the dividend payout of AED 1.4 billion paid in March 2013 14.9 14.9 14.9 14.9 13.8 - 0.7% increase in RWAs 28.4 29.0 29.6 30.1 29.4 ― Net increase in T2 capital of AED 1.4 billion Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 T2 T1 T1 % CAR % Capital Movements (AED billion) - Risk Weighted Assets – Basel II (AED billion) 31 Dec 2012 to 31 Mar 2013 Tier 1 Tier 2 Total -3% Capital as at 31 Dec 2012 30.1 14.9 45.0 226.6 225.7 224.2 Net profits generated 0.8 0.8 218.1 14.0 14.0 14.0 FY 2012 dividend paid (1.4) (1.4) 1.7 1.7, 2.6 13.8 219.7 13.8 -1% 2.3 3.6 Interest on T1 securities (0.1) (0.1) 210.9 210.0 207.6 202.0 202.3 Amortisation of MOF T2 (2.5) (2.5) Newly issued T2 2.7 2.7 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Repayment of subordinated debt Capital as at 31 Mar 2013 (1.3) (1.3) 29.4 13.8 43.2 Operational Risk Market Risk Credit Risk 22 22

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