Emirates NBD Investor Presentation

Dubai Economic Update (cont'd) ■ " ■ Highlights Dubai is the 3rd largest centre for re-exports in the world which itself represents almost 50% of GDP Dubai is a strategically located international trading hub with some of the world's best air and sea ports serving over 205 destinations Very large investments in infrastructure will have highly positive effects on the long-run development and productivity of the emirate Airport passenger arrivals, no. of hotel rooms occupied and number of hotel guests have all shown a steadily increasing trend Dubai exports, re-exports and imports have been steadily growing Dubai's Strategic Location AED Millions 7 654 3 2 0 Dubai: Air passenger arrivals increase in H2 2011 Y-oy Growth % Dubai: External trade growth remains strong 26220 70 250 150% 100% 200 50 40 30 AED' 000s AED Billion 50% 150 0% 100 -50% 10 50 50 -100% -150% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 08 08 08 08 09 09 09 09 10 10 10 10 11 11 11 11 Airport passenger arrivals (Ihs in Millions) - Number of Hotel Guests (Ihs in Millions) - Number of Hotel Rooms (rhs in 000s) Source: Dubai Statistics Centre, Emirates NBD Research 0 Emirates NBD Q3 06 Q2 06 Q1 06 Imports Source: Dubai Statistics Centre, Emirates NBD Research Exports & Re-Exports Q3 11 11 7

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