Emirates NBD Financial Performance Q1 2020

Divisional performance (Excluding DenizBank) Corporate and Institutional Banking ° • CIB income up 2% y-o-y due to a 7% increase in net interest income mainly due to growth in lending activity Fee income declined 12% y-o-y due to lower lending fee, trade commissions and treasury sales, partially off-set by increased investment banking activity The division continued to spend on digitization programs and technology to enhance the Transaction Banking Services product offering Loans grew 3% during the year with stable momentum in lending activity Deposits grew 11% with continued focus on growing CASA balances reflecting the Group's aim to reduce the average cost of funding while maintaining liquidity at an optimum level Global Markets & Treasury • GM&T income declined 95% y-o-y primarily due to the decrease in net Balance Sheet Trends USD Bn Income Trends USD Mn +11% +2% +3% +6% 438 448 422 73.4 75.4 323 40.1 44.6 327 346 • • • interest income on account of lower interest rates. NFI declined 11% y-o-y Trading and Sales desks continued to deliver a solid performance despite significant market volatility During Q1-20, USD 2.5 Bn of term debt issued in five currencies through two public issues and private placements with maturities out to 20 years 78% of the term liabilities maturing in 2020 re-financed during Q1-20 covering maturities through to July; Only USD 0.7 Bn remaining to be re- financed 115 96 102 Q4 19 Q1 20 Q1 19 Q4 19 Q1 20 Loans Deposits NII NFI 82 62 Income Trends USD Mn -95% NII NFI 55 -121% 4 27 24 224 2- -20 -20 -18 Q1 19 Q4 19 Q1 20 Divisional Performance 25

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