Investor Presentaiton

Non Interest Income ■ Highlights Q1 2012 Non interest income increased by 49% from Q1 2011 due to AED 194 million gain on investment securities in Q1 2012 vs. AED 12 million in Q1 2011 AED 14 million investment properties income in Q1 2012 vs. 0 in Q1 2011 - Higher core fee income by 17% Q1 2012 Core fee income improved by 20% from Q1 2011 due to - pickup in forex, rates and derivatives income (+69%) improvement in trade finance income (+26%) Increase in brokerage and asset management fees (+13%) - Offset by decrease in fee income (-13%) 628 Core Gross Fee Income Trends (AED million) 34 44 (37) 4 Q1 11 Trade finance Fee Income Emirates NBD Brokerage & AM fees 124 753 Forex, Rates Q1 12 & Derivatives Composition of Non Interest Income (AED million) Q1 12 AED million Q1 11 Change 2011 (%) 2010 Change (%) Core gross fee income 754 628 +20% 2,562 2,365 +8% Fees & commission (52) (29) +81% (164) (138) +19% expense Core fee income 701 599 +17% 2,398 2,227 +8% Investment properties 14 0 n/a (250) (195) +28% Investment securities Network International Other One-Off Income Total Non Interest Income 194 12 n/a 205 532 -62% n/a 363 -100% n/a 318 n/a 910 612 +49% 2,671 2,927 -9% Core Gross Fee Income Components (AED million) +20% 753 662 628 +14% 302 185 179 30 35 39 286 278 241 136 162 170 Q1 11 Q4 11 Q1 12 Forex, Rates & Derivatives Brokerage & AM fees Fee Income Trade finance 17

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