[PPT] - Investor Presentation 1Q 2019 1 Investor Page Page Page PowerPoint Presentation

SLIDE 1 1

Investor Presentation

1Q 2019

The National Commercial Bank

SLIDE 2 2

Investor Presentation Content

NCB – The leading KSA Bank

Grow with KSA Grow with NCB

Financial Results Highlights Additional Information Financial Results Details Strategy Overview Segmental Overview

3

Page Page Page Page Page Page Page

11 18 28 35 49 56

SLIDE 3

The L he Lea eadi ding KS KSA Ban Bank

1Q 2019 Results

SLIDE 4 4 NCB Investor Relations | 1Q 2019 Investor Presentation

NCB’s vision is to be the premier financial services group in the region. To achieve this, five strategic aspirations have been defined: to be number one in revenues, to be number one in profit, to be the best digital bank, to be the best in customer service, and to be the employer of choice. Since its establishment in 1953, NCB has evolved into a broad-based financial services group and holds a leading market position. The banking group has a strong performance track record, mirroring the Kingdom’s progress towards modernization and development. Today, NCB has a unique bond of trust with its customers. The bank leverages its investment in technology and commitment to enhancing the customer experience, delivering a comprehensive suite of financial products and services to 6 million KSA based customers, across all major market segments.

10. 0.7

BILLION

NCB made a net profit of SAR 10.7 billion, the highest in its history and the highest among Saudi banks for the sixth successive year. Return

n

average equity reached 18.1%.

NCB realizes that it can be a powerful force for good in the communities it serves, leading by example and acting responsibly and contributing to the empowerment of the community. NCB empowers financial planning, saving and borrowing to help its customer’s meet their financial aspirations and invests in community development through its Ahalina CSR Program. It is also a major employer, with a commitment to creating career opportunities for a growing and ambitious

Nation. Over the past sixth consecutive years NCB has achieved record net profits among Saudi
Banks. Beginning with its IPO 2014, NCB has enjoyed the privileged of sharing its successes with

widened investor base. As such NCB has effectively partnered with its stakeholders to continue delivering record profitability, and in in 2018 achieved the highest net income level ever in the Saudi Banking Sector at SAR 10.7 billion. Return on average equity to common shareholders reached 18.1% in 2018

18. 8.1% %

Ov Over erview ew

The National Commercial Bank - The Nation’s Gateway of Progressive Banking

SLIDE 5 5 NCB Investor Relations | 1Q 2019 Investor Presentation

NCB is the leading banking group in Saudi Arabia

Established in 1953; IPO in 2014 NCB Snapshot (FY 2018)

7m

Clients

13,058

Employees* SAR

453bn

Assets SAR

319bn

Deposits SAR

144bn

Market Cap Jeddah HQ

Sub ubsi sidiary i in Tur urkey Türkiye Finans Katılım Bankası Who holesa sale branch i ch in Bahr hrain Offices: Singapore, Seoul, Shanghai Subsid idia iary in in KSA: A: NCB Capital

*Includes Alahli Esnad (1,520 employees) - fully owned subsidiary engaged in outsourcing and manpower services in KSA

SLIDE 6 6 NCB Investor Relations | 1Q 2019 Investor Presentation

NCB is the leading banking group in Saudi Arabia

NCB has a strong market and financial position (FY 2018)

Mar arket P Pos

sition
n

by by KSA SA

Overall banking Assets #1 Corporate banking Financing #1 Retail banking Financing #2 Treasury Investments #1 Asset Management AUMs #1 Brokerage Value Traded #3

Finan ancial al P Pos

sition
n

KSA SA GC GCC

Assets #1 #4 Financing #1 #4 Deposits #1 #3 Investments #1 #1 Total Operating Income #1 #3 Net Income #1 #3 453 365 230 230 190 100 200 300 400 500 NCB Rajhi Samba Riyad BSF

Asse ssets ( s (SARb ARbn)

265 234 151 121 114 50 100 150 200 250 300 NCB Rajhi Riyad BSF Samba

Financing ( (SARb ARbn)

319 294 170 170 148 50 100 150 200 250 300 350 NCB Rajhi Samba Riyad BSF

De Deposits (S (SARb ARbn)

SLIDE 7 7 NCB Investor Relations | 1Q 2019 Investor Presentation

NCB has a well-diversified business model

Total operating income contribution

Capital Markets

NCB Capital Largest Asset Manager in KSA Largest Shariah-compliant Asset Manager worldwide Top 2 Broker 22 locations 281 Employees

SAR 16.7bn 88%

NCB

401 branches, 3,661 ATMs 150 Remittance centers 7,596 Employees 97% Saudization 100% CEO DRs are Saudi

8.9bn

47%

3.9bn

21%

3.9bn

20%

RETAIL CORPORATE TREASURY International

Türkiye Finans Katılım Bankası (TFKB) 306 branches, 610 ATMs 3,661 employees Notes: KSA based recruitment services firm Alahli Esnad (fully owned subsidiary) employs 1,520 persons Operating Income as of FY 2108

1.5bn

8%

720mn

4%

SLIDE 8 8 NCB Investor Relations | 1Q 2019 Investor Presentation

NCB has a strong financial position

Key KPIs

43 435 449 449 443 443 445 445 45 453 +1%

100 200 300 400 500 600 700 800 2014 2015 2016 2017 2018

Total As Assets (S (SARb ARbn)

47 47 56 56 60 60 64 4 66 66 +9%

20 40 60 80 100 120 2014 2015 2016 2017 2018

Total tal E Equity ty (SARbn)

17.2% 17.2% 19.2% 20.0% 20.6% 16.9% 17.7% 18.5% 14.7% 13.5% 15.3% 15.7% 16.6%

10.0% 12.0% 14.0% 16.0% 18.0% 20.0% 22.0% 2014 2015 2016 2017 2018

Cap apital al R Rati atios ( (%)

TC ratio T1 ratio CET1 ratio

152.3% 172.5% 177.3% 176.0% 66.3% 78.1% 80.3% 80.7% 83.3%

1 1 1 1 1 2 2 2 2014 2015 2016 2017 2018

Liq iquid idit ity Ratio ios ( (%)

Liquidity coverage ratio (LCR) Financing to customers' deposit ratio CAGR CAGR LCR is based on average quarterly numbers LCR was not reported before 2015 Capital ratios are based on Pillar I RWA

SLIDE 9 9 NCB Investor Relations | 1Q 2019 Investor Presentation

NCB has a strong performance track record

Key KPIs

11.4 12.6 13.5 13.7 14.4 4.8 4.9 5.1 4.7 4.6 16.2 6.2 17.5 5 18.6 .6 18.3 .3 18.9 .9 +4%

5 10 15 20 25 30 35 2014 2015 2016 2017 2018

Total tal O Operati rating In Income me (SARbn)

Net special commission income Fee and other income

8. 8.7 9.1 9.1 9.3 9.3 9.8 9.8 10.7 0.7 +5%

2 4 6 8 10 12 14 16 18 2014 2015 2016 2017 2018

Net In Income me Attri ttribute ted T To Equity ty Ho Holders rs ( (SARbn)

2.91% 3.04% 3.35% 3.48% 3.61%

0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 2014 2015 2016 2017 2018

Net Net Spec ecial C Commission M Margin (%) %)

39.0% 37.4% 37.7% 35.0% 34.1%

0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 50.0% 2014 2015 2016 2017 2018

Cost to to In Income me R Rati atio ( (%)

20.1% 19.2% 17.8% 17.4% 18.1% 2.2% 2.1% 2.1% 2.2% 2.4%

0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 2014 2015 2016 2017 2018

Ret eturns ( (%) %)

ROE common shares (%) ROA (%) CAGR CAGR

SLIDE 10 10 NCB Investor Relations | 1Q 2019 Investor Presentation 5 10 15 20 25 30 35 40 45 50 55 Nov-14 Dec-15 Jan-17 Feb-18 Mar-19

Share hare p pri rice p perf rforman rmance since IP IPO (SAR) (Ad (Adj p price)

NCB Group listed on Tadawul in November 2014

Ranked third in Tadawul, S&P Pan Arab and MSCI Indices with significant weightings

Share hare parame arameters rs

31 31 Mar Mar 20 2019

Closing Price (SAR) 55 52 week range (SAR) 39-55 Free Float 35.4% Shares issued (mn) 3,000 Tangible Book Value (SARmn) 67,939 Tangible BVPS 22.65 P/TBV Ratio 2.4x P/E Ratio (FY 2017 earnings) 15.99x Div Yield (FY 2017 dividends) 3.82% 3m Avg Daily Volume (shares) 1,250,914 MSCI CI Sau audi A Arab rabia Index ex

Floa

at Adj. M

Mcap (U p (USDb) Weigh ghting ng (%) %)

SABIC 24.76 16.27 Al Rajhi Bank 22.63 14.87 Nat ational al Co Commercial al Ban Bank 17 17.57 11. 11.54 Saudi Telecom (STC) 11.43 7.51 Samba Financial Group 10.03 6.59 Rati atings

LT LT ST ST Outlook

ok

Nat ational al Co Commercial al Ban Bank S&P BBB+ A-2 Stable Fitch A- F1 Stable Moody’s* A1 P-1 Stable Capital Intelligence A+ A1 Stable Govern ernmen ent of Sa Saudi Ara rabia S&P A- Stable Fitch A+ Stable Moody’s A1 Stable Capital Intelligence A+ Stable

Source: NCB, Bloomberg Source: Bloomberg Trading commenced 12/11/2014. Day 1 at SAR 33 Source: MSCI, 29 March 2019 *Moody’s rating is unsolicited

SLIDE 11

Gro row w wi with th KSA Gro row w wi with th NCB CB

1Q 2019 Results

SLIDE 12 12 NCB Investor Relations | 1Q 2019 Investor Presentation

Record Saudi Budget in 2019

Fiscal expansionary policy to underpin economic growth

Source: Thomson Reuters, Ministry of Finance, SAMA, Tadawul, and NCB Economics Forecasts

100

00

389

89

31

311

238

38

136

36

131

31

3.5%
15.8% -12.9%
9.2%
4.6%
4.2%
90.0%
80.0%
70.0%
60.0%
50.0%
40.0%
30.0%
20.0%
10.0%

0.0% (900) (700) (500) (300) (100) 100 300 2014 2015 2016 2017 2018P 2019F

Fiscal al B Bal alan ance

Fiscal Balance Fiscal Balance as % of GDP

142 247 260 305 382 70 184 255 296 44 44 142 42 31 317 443 443 56 560 678 78 1.6 .6% 5. 5.8% 13.1 3.1% 17. 7.2% 19.1 9.1% 21 21.7%

8.0%
3.0%

2.0% 7.0% 12.0% 17.0% 22.0% 200 400 600 800 1,000 2014 2015 2016 2017 2018P 2019F

Gover ernmen ent D Deb ebt (SARbn)

Domestic International Debt to GDP Ratio (%)

725 610 529 490 490

43 60 39 39 34

768 8 67 670 56 568 8 52 529 524 4

100 200 300 400 500 600 700 800 900 2014 2015 2016 2017 2018

Forei eign R Res eser erves es ( (USDbn)

SAMA Banks

97 7 50 50 41 41 52 52 70 70 65 5

20 40 60 80 100 120 2014 2015 2016 2017 2018 2019F

Aver erage O e Oil Price ( e (USD)

Average Oil Price (USD)

913 446 334 436 607 662 131 169 186 256 288 313 1,044 44 61 616 6 51 519 692 692 89 895 5 975 5

200 400 600 800 1,000 1,200 2014 2015 2016 2017 2018P 2019F

Gover ernmen ent R Rev even enue e (SARbn)

Oil Revenues Non-oil Revenues

370 264 134 208 205 246 740 714 696 722 825 860 1,110 978 8 830 30 930 930 1,030 030 1,106 06

200 400 600 800 1,000 1,200 2014 2015 2016 2017 2018P 2019F

Gover ernmen ent E Expen enditure ( e (SARbn)

Capex Current Expenditure (Opex)

SLIDE 13 13 NCB Investor Relations | 1Q 2019 Investor Presentation

Economic growth momentum continues

Non-Oil GDP pickup expected, supported by progress of

ngoing Government Vision Realization Programs

Source: Thomson Reuters, Ministry of Finance, SAMA, Tadawul, and NCB Economics Forecasts

9.7 9.7 10.2 0.2 10.5 0.5 10.0 0.0 10.3 0.3 10.4 0.4 97 97.2 .2 50.2 0.2 40.9 0.9 52 52.4 70.1 0.1 65 65.0 .0

0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 5 10 15 20 25 2014 2015 2016 2017 2018P 2019F

Oil P l Prod

duc

uction

n

Oil Production Oil Price

11.9% 2.5% 0.8% 0.2% 2.8% 4.5%

(0) 2014 2015 2016 2017 2018 2019F

Monetary ary Supply g gro rowth th

(M3) Monetary Supply growth

2.1% 1.3% 0.6% 0.7% 0.6% 0.5% 0.1% 0.1% 0.5% 2.7 .7% 1.8 .8% 0.1 0.1% 0.7 0.7% 1.2 .2%

2.0%
1.0%

0.0% 1.0% 2.0% 3.0% 2014 2015 2016 2017 2018P

Rea eal n non-oi

il G

l GDP

Non-oil Private Non-oil Public Real non-oil GDP

2.3

.3%

14.

4.8%

12.

2.9%

9.2

9.2%

4.

4.6%

4.

4.2% 9.7 9.7%

8.

8.7%

3.7

3.7% 2.2 .2% 10.6 0.6% 10.5 0.5%

25.0%
15.0%
5.0%

5.0% 15.0% 25.0% 2014 2015 2016 2017 2018P 2019F

Twin Ba Balances es ( (%) %)

Budget Balance / GDP Current Account Balance / GDP 0.9% 2.3% 1.6%

1.4%

1.2% 2.7% 1.8% 0.1% 0.7% 1.2%

0.1%
0.2%

3.7 3.7% 4. 4.1% 1.7 .7%

0.7

0.7% 2.2 .2% 2.6 .6%

9.0%
7.0%
5.0%
3.0%
1.0%

1.0% 3.0% 5.0% (0) (0) 2014 2015 2016 2017 2018P 2019F

Re Real G GDP DP

Oil Sector Non-oil Sector Import Duties Real GDP

2.2% 1.3% 2.0%

0.9%

2.5% 2.3%

(0) (0) (0) 2014 2015 2016 2017 2018 2019F

In Inflat ation Rat ate, % %

SLIDE 14 14 NCB Investor Relations | 1Q 2019 Investor Presentation

Saudi banking sector growth capacity

Lending capacity enables KSA banks to capture

pportunities as fiscal policy offsets monetary drag from

rising interest rates

Source: Thomson Reuters, SAMA, Banks’ Annual Reports

1,5 ,576 76 1,605 605 1,6 ,617 7 1,61 619 9 1,661 661 12.4% 1.9% 0.8% 0.1% 2.6%

10.0%
5.0%

0.0% 5.0% 10.0% 15.0% 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 2014 2015 2016 2017 2018

Ba Bank D k Dep eposits ( (SARbn)

Deposits Growth Rate (YoY%)

75% 80% 81% 80% 77%

1 1 1 1 1 1 1 1 1 1 1 1 2014 2015 2016 2017 2018

Loan ans to to Deposits ts R Rati atio ( (%)

803 903 912 888 903 402 420 440 452 476 1,251 1,362 1,400 1,387 1,426 11.6% 8.9% 2.9%

1.0%

2.8%

30.0%
25.0%
20.0%
15.0%
10.0%
5.0%

0.0% 5.0% 10.0% 15.0% 500 1000 1500 2000 2500 3000 3500 2014 2015 2016 2017 2018F

Ba Bank L k Len ending (SARbn)

Corporate Retail Growth Rate (YoY%)

0.9 0.9% 1.5 .5% 2.0 .0% 1.9 .9% 2.98 .98% 0.3 0.3% 0.6 0.6% 1.0 .0% 1.7 .7% 2.78 78%

2014 2015 2016 2017 2018

Inter erbank R k Rates es ( (%) %)

3M SAR SAIBOR 3M USD LIBOR

130 149 158 157 154 104 113 122 134 155 234 4 26 262 2 280 80 29 291 309 309 8% 11% 12% 11% 10%

3%
1%

1% 3% 5% 7% 9% 11% 13% 1 1 1 1 1 1 2014 2015 2016 2017 2018

Re Retail Mo Mortgages (S (SARb ARbn)

Banks and Others REDF Mortgages to GDP, %

SLIDE 15 15 NCB Investor Relations | 1Q 2019 Investor Presentation

Saudi banking sector resilience

Strong capitalization, high credit quality, adequate coverage and a prudent regulatory environment expected to sustain banking sector profitability

Source: Thomson Reuters, SAMA, Banks’ Annual Reports

16.2% 16.2% 17.5% 18.3% 18.5%

2014 2015 2016 2017 2018

Tier er 1 1 Cap apital al A Adequac acy R Rati atio ( (%)

1.12% 1.13% 1.24% 1.45% 1.85% 183% 172% 178% 162% 158%

2014 2015 2016 2017 2018

NP NPL & C Cover erage R e Ratios (%) %)

NPL Ratio NPL Coverage Ratio

75.

5.8 80.0 0.0 83.1 3.1 86.6 6.6 91 91.3 .3 9.1% 5.7% 3.8% 4.3% 5.4%

9.9%
7.9%
5.9%
3.9%
1.9%

0.1% 2.1% 4.1% 6.1% 8.1% 10.1% 20 40 60 80 100 120 140 160 180 2014 2015 2016 2017 2018

Total tal O Operati rating In Income me (SARbn)

Revenue (FY) Growth Rate (YoY%)

41.5

43.7 41.3 45.0 50.0 10.2% 5.4%

5.4%

8.7% 11.1%

8.0%
6.0%
4.0%
2.0%

0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 10 20 30 40 50 60 70 80 90 100 2014 2015 2016 2017 2018

Profits (S (SARb ARbn)

Profits Growth Rate (YoY%)

SLIDE 16 16 NCB Investor Relations | 1Q 2019 Investor Presentation

Vision 2030 Financial Sector Development Program (FSDP)

NCB Is a key Contributor to economic transformation and the FSDP

Vis Visio ion 203 030 0 Obj Objectiv ives Di Directl tly R Relate ted to to th the FS FSDP DP Enabl blin ing g fin inancia ial insti titu tuti tions to to support rt pri rivate e sec ector g r gro rowth Developin ing g an ad advan anced c cap apital al mark rket et Promotin ing g and d enabl blin ing f g fin inancia ial planni nning ng

Leading lender for KSA companies with a 15% Corporate market

share and a portfolio of SAR 131bn (2018);

A leader in the SME segment, with over SAR 22.4 bn of credit

extended to SMEs across KSA (2018)

Provided home financing for 37,000 Saudi families with a

portfolio of SAR 25.5bn (1Q 2019)

Primary Dealer in local government securities with a SAR 60bn

KSA Government Bond investment portfolio (1Q 2019)

Trusted Financial Advisor across capital markets activities (USD

7.5 bn JLM and Book Runner for KSA's 2019 Sovereign bond issuance, USD 12 bn Joint Book Runner for Saudi Aramco's inaugural international bond issuance)

Largest Asset Manager and Corporate Savings Advisor, with

more than 50,000 individual participants and full suite of Takaful protection and savings products

Expanding participation in the financial services sector with 6

million KSA based customers through a comprehensive physical and digital distribution network

NCB lev evera erages es competit itiv iveness a and d scale to d del eliver er value t e to i its stakeh eholders ers and support rt the n natio ional age genda da

SLIDE 17 17 NCB Investor Relations | 1Q 2019 Investor Presentation

Vision 2030

Saudi Arabia continues to drive economic growth through it’s comprehensive Vision 2030 program and NCB is fully committed to the success of The National Agenda

Pilla llars Vis isio ion Real alizat ation

n

Pr Programs ms A Thriving Economy A Vibrant Society An Ambitious Nation

National Transformation Program
Fiscal Balance Program
PIF Program
Financial Sector Development Program
Privatization Program
Quality of Life Program
Housing Program
National Industrial Development and Logistics

Program

Enriching the Hajj and Umrah Experience Program
Strategic Partnerships Program
National Companies Promotion Program
Saudi Character Enrichment Program

Key ey M Miles estones es Towards 203 030

Private sector contribution to GDP to reach 65% by 2030
Balancing the budget and eliminating the fiscal deficit by 2023
Public debt to GDP to remain below 30%
Raise Saudi home ownership to 60% by 2020
SME Contribution to GDP targeted to reach 23% by 2020
Increase financial sector assets to SAR6.3 trillion by 2020
Foreign Direct Investment to reach 1.46% of GDP by 2020

(~SAR45 billion)

Women economic participation rate to reach 25% by 2020
Gradually reducing energy subsidies to reach reference prices by

2025

Neom phase 1 completion scheduled by 2025

SLIDE 18

Str trateg egy Overvie view

1Q 2019 Results

SLIDE 19 19 NCB Investor Relations | 1Q 2019 Investor Presentation

NCB’s 2019 Strategy Framework

Sustaining Leadership

Expand market share in Retail Banking Current accounts Mortgage/REDF Credit Card Increase returns in Corporate Banking Vision 2030 Targeted Sectors Transaction banking Credit Lifecycle Management Sustain Treasury revenues & diversify funding Investment returns Cross sell & liability products Continental hubs Grow value contribution

f subsidiaries

NCBC: AUMs and GLI related business TFKB: Productivity Customer service Time to market

Cost efficiency

Strategic Enablers Digital and data Operations excellence Lean branches

SLIDE 20 20 NCB Investor Relations | 1Q 2019 Investor Presentation

Stable r

e rec ecurring r rev even enues es supported ed b by a 5% i increa ease e in AUM UM

Co

Cost t dis iscipl iplin ine wi with th a a 13 13% i improvem emen ent in oper erating ex expen enses es

Focus

cus on rec ecurring r rev even enues es. . Treasur sury co commi mmissi ssion inco come me incr crease sed 21 21% Y YoY

Y
Earning A

Asse ssets s up up 6% Y

YTD. R

. Replaced o

utf

tflow o w of Cu Curre rrent t Accounts ts a and T T2 2 red edem emption

Grew C

Cor

rpor
rat

ate N NOR R by 15 15% Y YoY thr hroug ugh h ma margin e enha hance ceme ment and higher er a aver erage e volume umes

Sustai

aining C Cos

st of
f Ri

Risk at at 0. 0.21% t thr hroug ugh p h proact ctive cr credit ma manageme ment

Grew

ew R Ret etail NO NOR by by 11 11% YoY

Y on
n e

expan anded vol

lumes
Gre

rew w mortg rtgage b by 7% YTD t to S

SAR

R 25 25.5bn bn

Stron
ng c

cap apital alizat ation

n an

and liquidity, , ou

utperfor
rming s

sector

r in deposits

ts g gro rowth wth

LT

LTD improvem emen ent from m 110 110% to to 95 95%

NCB continues to deliver on its strategic plans

YTD 1Q 2019 Achievements

Lean Distribution Digitalization Retail Banking Corporate Banking Treasury NCBC TFKB

Co

Conti tinued networ

rk e

expan ansion

n with two b

branche ches s adde dded i d in 1Q Q 201 019

FTE d

E dens nsity y improvement nt to 9.7 .7 FTE p per branch.

ch. (6

6 FTE p per er new ew branch a ch at no

increa

ease i e in he headco coun unt)

55

55% % of

f R

Retai ail sal ales ar are digital al com

mpar

ared t to

29

29% in in 201 018

Se

Self Se f Servi vice ki kiosks ks (106 06 inst stalled) ca carved out ut 72 72% o

f cover

ered ed tran ansac action

ns
97.5

7.5% of

f B

Ban ank finan ancial al tran ansac action

ns ar

are dig igit ital

SLIDE 21 21 NCB Investor Relations | 1Q 2019 Investor Presentation

Lean distribution

We will continue to expand with lean distribution in Saudi Arabia by adopting a smaller branch format and implementing extensive digitization

342 42 40 401 +17%

100 200 300 400 500 600 700 FY 14 FY 18

Numb mber r of B Bran ranche hes

12. 2.1 9.9 9.9

18%

5 10 15 20 FY 14 FY 18

FTE TE / / br branch

16,72 ,728 22, 22,24 240 +33%

5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 FY 14 FY 18

Retai tail Operati rating In Income me / / Bran ranch ( h (SARmn mn)

Strategic F Focus cus Areas

Continue to expand the network in strategic locations to acquire new

customers and expand market share

Expand with smaller branch format with sales and advisory focus
Digitize branch experience and implement assisted self service

technologies

Optimize the cost of branch network

SLIDE 22 22 NCB Investor Relations | 1Q 2019 Investor Presentation

Digitalization

Continue to migrate to digital, drive up digital sales and improve

perational excellence to deliver superior customer experiences

4% 3%

34%

FY 17 FY 18

Bran ranch F h Finan ancial al T Tran ransac acti tions (% of tot

f total)

l)

37 37% 50 50% +36%

1 1 1 1 FY 17 FY 18

Digital tal Tran ransac acto tors rs ( (% of to total tal base se)

Strategic F Focus cus Areas

Mobile first - anytime, anywhere
Leverage advanced data analytics and grow digital sales
Implement “digital branch” and improve customer journeys through

agile digitization

Automate back office processes including robotics process automation

16 75 6 19 5 35

FY 18

96

FY 16

32 96 102

FY 17

5 15 72 144 105 Branch Phone Banking Online/ Mobile PoS ATM

Tran ransac acti tion mi migrati ration (numb mber r mn mn)

SLIDE 23 23 NCB Investor Relations | 1Q 2019 Investor Presentation

Retail Banking

We are positioning the retail business to expand market share

Strategic F Focus cus Areas

Grow core deposits
Grow Lending Market Share; focus on mortgages and Credit Card
Expand branch network with lean formats enabled by digital migration
Continue to enhance customer service across all channels

70 70 104 4 17. 7.4% 20.8 0.8% +47%

10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 20 40 60 80 100 120 140 160 180 200 FY 14 FY 18

Ret etail Financing & & Advances es, n net et (S (SARb ARbn)

Performing Market Share (%)

5. 5.7 8.9 .9 +56%

2 4 6 8 10 12 14 16 FY 14 FY 18

Oper erating I Income ( e (SARbn)

1.6 .6 4.6 .6 +197%

2 4 6 8 10 12 FY 14 FY 18

Net Net Income ( e (SARbn)

SLIDE 24 24 NCB Investor Relations | 1Q 2019 Investor Presentation

Corporate Banking

Grow selectively and increase risk-adjusted returns

Strategic F Focus cus Areas

Grow lending in V2030 target sectors
Increase cross sell focus to capture full value of relationships
Grow Kafalah-based lending
Expand collections capabilities and strengthen credit lifecycle management
Enhance client servicing model via credit process digitization

107 7 131 +23%

50 100 150 200 FY 14 FY 18

Corporate e Financing & & A Advances es, net et ( (SARbn)

3.7 3.7 3.9 3.9 +4%

1 2 3 4 5 6 7 8 FY 14 FY 18

Total tal O Operati rating In Income me (SARbn)

3.2 3.2 2. 2.2 2

31%

1 2 3 4 5 FY 14 FY 18

Net Net Income ( e (SARbn)

SLIDE 25 25 NCB Investor Relations | 1Q 2019 Investor Presentation

Treasury

Broaden and deepen liquidity access while sustaining revenues

Strategic F Focus cus Areas

Increase recurring revenues
Optimize investment portfolio to enhance quality, liquidity and returns
Launch continental hubs to expand coverage (Singapore, UK)
Introduce innovative Shariah compliant products to diversify liquidity

sources and enhance cross sell

94 94% 91 91%

4%

1 1 1 1 1 2 2 2 FY 14 FY 18

Sau audi G Govern rnme ment an t and In Investme tment t Grad rade In Investme ments as % % of T

f Tot
tal

35 35% 26 26%

26%

1 1 FY 14 FY 18

In Investme tments ts as as % % o

f T

Total tal Asse ssets

133 33 97 7 147 47.0% 176.0 6.0%

200.0%
150.0%
100.0%
50.0%

0.0% 50.0% 100.0% 150.0% 200.0% 250.0% 300.0% 50 100 150 200 250 300 FY 14 FY 18

HQ HQLA an and L Liquidity ty C Coverag rage (S (SARb ARbn/%)

SLIDE 26 26 NCB Investor Relations | 1Q 2019 Investor Presentation

NCB Capital

KSA’s leading investment bank and asset manager; well positioned to capture future growth

Strategic F Focus cus Areas

Sustain and grow market leadership product innovation
Grow recurring revenues by increasing AUMs
Grow share of brokerage revenue pool
Continue to enhance efficiency and productivity
Grow share of Government Linked Institutions related revenues

2,1 ,147 7 87 871 8,333 333 7,8 7,827 7

1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 FY 14 FY 18

Tad adaw awul T Trad raded Val alue (S (SARb ARbn) ) & T TAS ASI I Index

Tadawul Traded Value TASI Index

490 90 183 83 11.4% 10.5 0.5%

0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 100 200 300 400 500 600 700 800 900 1,000 FY 14 FY 18

NCBC Tr Trade ded V d Value (SARbn bn) & M Mark arket t Share hare ( (%)

NCBC Traded Value Market Share (%)

10.1 0.1% 17. 7.6% +7.5ppt

FY 14 FY 18

NCBC S Share hare of S Sector r Net t Income ( e (%) %)

55 55 144 44 +161%

50 100 150 200 250 FY 14 FY 18

NC NCBC BC A Asset ets under er Managem emen ent ( (SARbn)

SLIDE 27 27 NCB Investor Relations | 1Q 2019 Investor Presentation

Türkiye Finans Katılım Bankası

We are executing a transformation program to grow TFKB’s net income

Strategic F Focus cus Areas

Resume branch expansion, expand digital channels
Strengthen underwriting and collection performance
Increase automation and drive capacity optimization
Instill NCB’s principles (Customer excellence, robust

governance, best-in-class technology)

1,301 301 2,033 033 +56%

500 1,000 1,500 2,000 2,500 3,000 3,500 FY 14 FY 18

Total tal O Operati rating In Income me (T (TRY RYmn)

31 313 3 445 445 +42%

100 200 300 400 500 600 700 800 900 1,000 FY 14 FY 18

Net Net Income ( e (TRYmn)

53.6 3.6% 47 47.9%

11%

1 1 1 1 1 2 FY 14 FY 18

Cost t to i income e (%) %)

SLIDE 28

Fi Finan ancial Results Highlight ighlights

1Q 2019 Results

SLIDE 29 29 NCB Investor Relations | 1Q 2019 Investor Presentation

Key messages

1Q 2019 Results

3% increase in total assets
1% Financing growth
5% investments growth
3% decline in customers’ deposits
CASA ratio at 76% of deposits
6% net income growth
4% NSCI growth
2% Increase in Fee and other income
3% lower operating expenses
CoR stands at 21bps
NPL ratio at 1.8% and NPL coverage of 145%
CET1 of 16.5% and T1 ratio of 18.4%
LTD ratio of 87%,
LCR of 184%
Leverage Ratio of 13.6%

Fina nanc ncing ng (SAR ARbn) Deposi sits ( s (SAR ARbn) NPL PL & & Co CoR (%) %) CE CET1 1 and L LTD D (%) 265 65 269 69 +1% 100 200 300 400 500 600 4Q 18 1Q 19 31 319 31 310

3%

100 200 300 400 500 600 700 800 4Q 18 1Q 19 1.9 .9% 1.8 .8% 0.5 0.5% 0.2 0.2%

0.1%

0.1% 0.3% 0.5% 0.7% 0.9% 1.1% 1.3% 1.5% 4Q 18 1Q 19 Group NPL ratio Group CoR YTD 16.6 6.6% 16.5 6.5% 83 83% 87 87% 20% 30% 40% 50% 60% 70% 80% 90% 100% 4Q 18 1Q 19 CET1 LTD 2.99 .99 0.1 0.14 0.03 0.03 0.05 0.05 (0.06 0.06) 0.02 0.02 3.1 3.16 1 1 1 1 1 2 1Q 18 NSCI Non-NSCI Expenses Impair- ments Other 1Q 19

Balance Sheet Income Statement Asset Quality, Capital & Liquidity

Net I t Inc ncome Attr ttribute ted to to Equity ty Holders Movement ( t (SAR ARbn)

SLIDE 30 30 NCB Investor Relations | 1Q 2019 Investor Presentation

Income Statement

Higher 1Q 2019 net income derived from higher operating income and lower

perating expenses, partly offset by higher impairments

Pro rofitab tability ty T Tre rends

SAR (mn) 1Q Q 20 2019 4Q Q 20 2018 1Q Q 20 2018 YoY % c % change nge Net special commission income 3,562 3,741 3,419 +4% Fee and other income 1,391 1,015 1,361 +2% Total o

pera

rating ng inc ncome 4, 4,953 4,75 ,756 4,779 ,779 +4% Operating expenses (1,618) (1,475) (1,668)

3%

Total impairment charge (145) (601) (83) +75% Inc Income from o

pera

rations ns, ne net 3,189 89 2,680 80 3, 3,02 028 +5% Net inc ncome a attri ribu buted t d to equ quity h y holde ders rs 3, 3,165 65 2,647 47 2,987 87 +6% 2,909 2,496 2,388 2,763 3,116

78 84 65 49

2,987 87 2,5 ,579 79 2,45 454 2,647 47 3, 3,165 65 +6%

1,000 2,000 3,000 4,000 5,000 6,000 7,000 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19

Net In Income me Attri ttribute ted to to Equity Ho Holders rs ( (SARmn mn)

International net income Domestic net income

4,408 4,233 4,331 4,429 4,656 371 428 401 327 297 4,779 ,779 4,661 661 4,73 ,732 4,75 ,756 4, 4,953 +4%

1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19

Total tal O Operati rating In Income me (SARmn mn)

International Operating Income Domestic Operating Income

SLIDE 31 31 NCB Investor Relations | 1Q 2019 Investor Presentation

Balance Sheet

3% YTD increase in total assets from financing and investments.

Domestic Deposits 93% International Deposits 7%

Custo tome mers rs' ' Deposits ts M Mix ( x (SARbn)

319 31 310

100 200 300 400 500 600 4Q 18 1Q 19

Ba Balance e Sheet eet T Tren ends

SAR (mn) 1Q Q 20 2019 1Q Q 20 2018 YoY % c % change nge 4Q Q 20 2018 YTD % c % change nge Investments, net 123,419 113,555 +9% 118,090 +5% Financing and Advances, net 268,657 252,777 +6% 265,317 +1% Total al as assets 466, 66,34 348 438, 8,89 896 +6% 453, 3,390 390 +3% Due to banks and other financial institutions 63,127 37,978 +66% 45,963 +37% Customers' deposits 309,661 309,001 +0% 318,699

3%

Debt securities issued 4,421 10,528

58%

9,431

53%

Total l lia iabil ilit itie ies 397 397,507 07 37 374,035 035 +6% 387,72 7,721 +3% Equ quity y attri ribu butabl ble to s share reholde ders rs 60, 60,939 939 56 56,684 84 +8% 57,73 7,737 +6% Total e equity 68, 8,84 841 64 64,861 61 +6% 65 65,669 669 +5% 123 131 133 131 130 97 100 103 104 106

8 11 11 10 12

25 24 20 21 21 253 53 266 66 268 68 265 65 269 69 +1%

50 100 150 200 250 300 350 400 450 500 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19

Financing & A Advances es, n net et (SARbn)

Corporate Consumer and credit card Others International

237 251 258 255 236 61 53 55 50 61

11 13 12 14 13

309 309 31 318 32 325 31 319 31 310

3%

100 200 300 400 500 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19

Custo tome mers rs' D ' Deposits (SARbn)

CASA Time Others

SLIDE 32 32 NCB Investor Relations | 1Q 2019 Investor Presentation

1Q 2019 Total operating and net income growth mainly from Retail and Corporate segments.

Retail 48% Corporate 20% Treasury 22% Capital Market 4% International 6%

Total tal O Operati rating In Income me (SARbn)

4,779 ,779 242 42 129 29 (77 77) (47 47) (74 74) 4,95 953 3

200 400 600 800 1,000 1,200 1,400 1Q 18 Retail Corporate Treasury Capital Market International 1Q 19

1Q Q 19 9 Total tal O Operati rating In Income me M Moveme ment ( t (SARmn mn)

4.8 5. 5.0

1 2 3 4 5 6 1Q 18 1Q 19

Segmental Information (1/2)

Retail 39% Corporate 25% Treasury 31% Capital Market 3% International 2%

Net In Income me Attri ttribute ted to to Equity Ho Holders rs ( (SARbn)

3.0 3.2

1 1 2 2 3 3 4 4 1Q 18 1Q 19

2,987 87 63 63 141 41 38 38 (35 35) (29 29) 3, 3,165 65

100 200 300 400 500 600 700 800 1Q 18 Retail Corporate Treasury Capital Market International 1Q 19

1Q Q 19 9 Net In Income me Attri ttribute ted to to Equity Ho Holders rs Movem emen ent ( (SARmn)

SLIDE 33 33 NCB Investor Relations | 1Q 2019 Investor Presentation

Segmental Information (2/2)

1Q 2019 total assets growth mainly driven by Retail and Treasury segments

126 134 138 127 134 134 148 150 159

2 2 2 36 33 34

43 439 45 453 46 466 +3%

100 200 300 400 500 600 700 800 1Q 18 4Q 18 1Q 19

Total As Assets (S (SARb ARbn)

Retail Corporate Treasury Capital Market International

98 104 106 123 131 130

25 21 21 8 10 12

253 53 265 65 269 69 +1%

100 200 300 400 500 1Q 18 4Q 18 1Q 19

Financing a and A Advances es, net et ( (SARbn)

Consumer and credit card Corporate International Other

Ma Manageme ment C Comme mmentary

YTD 2019 Total Assets increased by 3% due to higher

financing by 1% and investments by 5%.

Customers’ deposits decreased by 3% from Retail

segment, CASA balances at 76% of total deposits at 1Q 2019 compared with 80% at 4Q 2018.

Total Financing increased by 1%: Retail increased by 2%

and others by 20%.

235 243 232 44 48 48

9 9 8 21 19 22

309 309 31 319 31 310

3%

100 200 300 400 500 600 1Q 18 4Q 18 1Q 19

Custo tome mers rs' D ' Deposits (SARbn)

Retail Corporate Others International

SLIDE 34 34 NCB Investor Relations | 1Q 2019 Investor Presentation

Outlook

Improved macroeconomic environment expected to drive growth

Average Arabian light oil price of

USD 65 per barrel

No US F

S Fed ed ra rate h e hikes es ex expec ected ed in n 201 019 9 (rev revised ed fro rom two 25 25bp bps hik ikes)

2019’s expansionary fiscal policy

is expected to underpin GDP and Credit growth

Real GDP growth is estimated to

reach 2.6%

The budget deficit projected to

narrow to 4.2% of GDP

Inflation to ease to 2.3% as

energy price subsidies remain unchanged

201 019 9 Macro croeco conomic c Outlook

ok

Financing growth 6% +1% 4% % to

6%

Withi thin g guidan ance

FY Y 201 018 Rep eported ed 1Q Q 201 019 Rep eported ed FY Y 201 019 Gui uidance ce FY Y 201 019 9 Outlook

k

Tier 1 CAR 18.5% 18.4% 16 16% t % to 18 18% Upper en end o

f t

the gu guida dance Group Cost of Risk 0.52% 0.21% 0. 0.6% t % to 0. 0.8% Lower er en end of th

f the

gu guida dance Balance Sheet Profitability Capitalization and Asset Quality NSCI margin 3.61% 3.55% 3.65 65% % - 3.69 69% At At 1Q Q 201 019 9 lev evel el Cost to income 34.1% 32.7% Below low 34% Withi thin g guidan ance

SLIDE 35

Fi Finan ancial Results D s Detai ails

1Q 2019 Results

SLIDE 36 36 NCB Investor Relations | 1Q 2019 Investor Presentation

Operating Income Highlights

Higher 1Q 2019 total operating income driven by net special commission income and investment related income

Ma Manageme ment C Comme mmentary

Total operating income increased 4% YoY from a 4% improvement

in net special commission income, higher investment-related income (+25%), partly offset by a decrease in FX revenue and fees by (-8%).

International operating income decreased by 20% due to 29%

depreciation of the average Turkish Lira rate as compared with 1Q 2018.

Excluding the International business, Total operating income was

6% higher YoY.

4. 4.78 0.2 0.20 0.05 0.05 (0.07 0.07) 4.95 .95 4.66 0.30 4.41 0.37

1 1 2 2 3 3 1Q 18 NSCI Fee and other income International NOR 1Q 19

1Q Q 19 9 Total tal O Operati rating In Income me M Moveme ment ( t (SARbn)

3.42 3.74 3.56 1.36 1.02 1.39 4. 4.78 4. 4.76 4.95 .95 +4%

1 2 3 4 5 6 7 8 9 10 1Q 18 4Q 18 1Q 19

Total tal O Operati rating In Income me (SARbn)

Fee and other income Net special commission income Domestic Intl.

SLIDE 37 37 NCB Investor Relations | 1Q 2019 Investor Presentation

Net special commission income trends

1Q 2019 net special commission income grew by 4%, despite 61% increase in special commission expenses

Ma Manageme ment C Comme mmentary

NSCI improved by 4% on higher SCI (+15%), despite

61% increase in cost of fund due mainly to a change in funding mix.

Funding cost was 50bps higher YoY mainly due to a

change in funding mix.

The net special commission margin decreased by

4bps YoY to 3.55% due to higher cost of funds.

Net Special al C Commi mmission In Income me

SAR (mn) 1Q Q 201 019 4Q Q 201 018 1Q Q 201 018 Yo YoY Y % ch chan ange Special commission income 4,863 4,936 4,228 +15% Special commission expense (1,302) (1,195) (809) +61% Net s t special c commission inc ncome 3, 3,562 62 3, 3,741 3,419 419 +4% Commission yield (%) 4.85% 4.81% 4.44% +9% Funding cost (%) 1.41% 1.25% 0.91% +55% Net t special commission m margin ( n (%) 3.5 3.55% 3.64 3.64% 3.5 3.59%

1%

3.59% 3.56% 3.53% 3.64% 3.56% 3.59% 3.62% 3.60% 3.64% 3.55% 3.69% 4.44% 4.66% 3.87% 3.48%

0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19

Net Net Spec ecial C Commission M Margin (%) %)

Domestic Group International

4.06% 4.10% 4.19% 4.32% 4.43% 0.51% 0.58% 0.71% 0.74% 0.94%

1Q 18 2Q 18 3Q 18 4Q 18 1Q 19

Domestic ic Co Commis issio ion Y Yie ield a and Funding C Cost ( (%) %)

Domestic Yields Domestic COF

8.47% 9.30% 11.07% 11.35% 10.40% 5.01% 5.10% 6.40% 7.51% 6.90%

1Q 18 2Q 18 3Q 18 4Q 18 1Q 19

In Inte tern rnati ational al Commi mmission Y Yield an and Funding C Cost ( (%) %)

International Yields International COF

SLIDE 38 38 NCB Investor Relations | 1Q 2019 Investor Presentation

Fee and other income trends

Higher 1Q 2019 Investment income partially offset by lower fees and exchange income,

852 819 788 262 246 240 359 48 450 (113) (97) (86) 1,361 361 1,015 1,391 391 +2%

(200) 300 800 1,300 1,800 2,300 2,800 3,300 1Q 18 4Q 18 1Q 19

Fee ee and Other er I Income ( e (SARmn)

Fee income from banking services, net Exchange Income, net Investment-related income Other operating income (expenses), net

Ma Manageme ment C Comme mmentary

Fee and other income increased by 2% YoY due to 25% growth in

investment-related income and 24% lower other operating expenses, which were partially offset by 8% lower fees from banking services and 9% lower FX income.

The lower fees were mainly driven by lower fees from trade finance,

investment management services and shares brokerage, partly

ffset by higher finance and lending.

Fee Income

SAR (mn) 1Q Q 201 019 4Q Q 201 018 1Q Q 201 018 Yo YoY Y % ch chan ange Finance and lending 364 367 358 +2% Trade finance 104 79 137

24%

Investment management services 129 123 164

22%

Shares brokerage 35 38 60

42%

Credit cards 38 16 38

0%

Others 119 194 96 +23% Fee inc ncome f from bank nking ng s services, ne net 788 819 19 85 852

8%

852 852 (61 61) 6 (0) (33 33) 23 23 788 88 737

51

790

62 100 200 300 400 500 600 700 800 900 1Q 18 Brokerage & invmnt. Mngmnt. Finance & lending Credit cards Trade finance Other 1Q 19

1Q Q 19 9 Driver ers of F Fee ee Income f e from Ba Banki king Ser ervices es Movem emen ent ( (SARmn)

Domestic Intl.

SLIDE 39 39 NCB Investor Relations | 1Q 2019 Investor Presentation

Expense highlights

Digitization, productivity enhancement and optimization delivered expense savings in 1Q 2019

919 829 907

193 154 90 156 144 213

400 348 408 1,668 668 1,4 ,475 75 1,618

3%

500 1,000 1,500 2,000 2,500 3,000 3,500 1Q 18 4Q 18 1Q 19

Oper erating E Expen enses es (SARmn)

Employee-related Rent & premises Depreciation & amortization Other G&A

Ma Manageme ment C Comme mmentary

Expenses declined by 3% YoY,
The cost to income ratio was 32.67%, lower by 223bps

compared to 1Q 2018.

The cost base improvement was relatively broad-based.

34.9% 35.7% 35.1% 34.1% 32.7% 32.9% 34.1% 33.9% 31.6% 30.6%

1Q 18 1H 18 9M 18 FY 18 1Q 19

Cost to to In Income me R Rati atio ( (YTD % %)

Group (%) Excluding International (%)

1,668 668 (12) (103 03) 57 57 8 1,618 1,424 194 1,452 216

200 400 600 800 1,000 1,200 1Q 18 Employee-related Rent & premises Depreciation & amortization Other G&A 1Q 19

1Q Q 19 9 Oper erating E Expen enses es Movem emen ent D Driver ers ( (SARmn)

Domestic Intl.

SLIDE 40 40 NCB Investor Relations | 1Q 2019 Investor Presentation

Asset highlights and composition

3% growth in balance sheet as a result of increase in financing and investments.

Financing and Advances, net 58% Investments, net 26% Cash, bank and SAMA balances 10% Other assets, net 6%

Total As Assets Mi Mix (S (SARb ARbn)

Retail 30% Corporate 29% Treasury 34% Capital Market 0% International 7%

Total Asset ets by S Seg egmen ent ( (SARbn)

Ma Manageme ment C Comme mmentary

Total assets increased 3% due to increase in financing and

investments.

1% financing increase driven by 2% increase in domestic financing,

despite 2% decline in international financing impacted by Turkish Lira depreciation.

Investments increased by 5% due to participation in Saudi

Government debt issuance continued.

253 265 269 114 118 123 49 48 46 43 439 45 453 46 466 +3%

100 200 300 400 500 600 700 800 1Q 18 4Q 18 1Q 19

Total As Assets (S (SARb ARbn)

Financing and Advances, net Investments, net Cash, bank and SAMA balances Other assets, net

453 46 466

100 200 300 400 500 600 4Q 18 1Q 19

453 46 466

100 200 300 400 500 600 4Q 18 1Q 19

SLIDE 41 41 NCB Investor Relations | 1Q 2019 Investor Presentation

Financing and advances

Financing growth driven by Consumer and Other segments

Consumer financing & credit cards 40% Commerce 14% Manufacturing 11% Services 10% Utilities & health 7% Building & construction 5% Others, across 6 sectors 13%

Financing a and A Advances es, gross b by Economic Sec ector (S (SARb ARbn)

Ma Manageme ment C Comme mmentary

Domestically, financing grew for the Consumer (+2%) and other

segment (+20%) from 4Q 2018.

Corporate segment marginally low due to early repayments

mainly in manufacturing and commerce sectors.

International financing declined 2% due principally to the

weakened Turkish Lira.

98 104 106 123 131 130

25 21 21 8 10 12

253 53 265 65 269 69 +1%

50 100 150 200 250 300 350 400 450 500 1Q 18 4Q 18 1Q 19

Financing a and A Advances es, net et ( (SARbn)

Consumer and credit card Corporate International Other

273 73 2.3 .3 0.7 0.7 (0.9 0.9) 0.7 0.7 0.6 0.6 0.4 0.4 (0.8 0.8) 276 76

5 10 15 20 25 30 35 4Q 18 Consumer financing & credit cards Services Banking & financial Utilities & health Others Manufacturing Commerce 1Q 19

Movem emen ent Financing, g gross b by E Economic Sec ector (SARbn)

273 276 76

50 100 150 200 250 300 350 4Q 18 1Q 19

SLIDE 42 42 NCB Investor Relations | 1Q 2019 Investor Presentation

Financing and advances credit quality (1/2)

YTD NPLs have fallen, particularly in the manufacturing sector

2.80 2.94 3.51 3.40 3.23 0.53 0.54 0.52 0.62 0.59 1.40 1.26 1.03 1.23 1.12 4. 4.72 4. 4.75 5.06 .06 5. 5.25 4.95 .95

6%

1 2 3 4 5 6 7 8 9 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19

NPL (S (SARb ARbn)

Corporate Consumer and credit card International Others

4.75 4.83 5.21 4.63 4.55 1.58 1.57 1.58 1.63 1.65 1.38 1.21 0.96 1.11 0.93 7. 7.77 77 7.66 .66 7. 7.79 79 7.43 43 7. 7.19

3%

2 4 6 8 10 12 14 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19

Imp Impai airme rment A Allowan ances (SARbn)

Corporate Consumer and credit card International Others

5. 5.25 (0.02 0.02) (0.00 0.00) (0.03 0.03) (0.2 0.25) (0.00 0.00) (0.02 0.02) 0.02 0.02 4.95 .95

1 1 4Q 18 Building & construction Utilities & health Manufacturing Transport & comms Services Consumer financing & credit cards Other 1Q 19

Movem emen ent NP NPLs by Economic S Sec ector ( (SARbn)

0.06 0.14 0.05 0.05 (0.04) 0.49 0.16 (0.02) (0.04) 0.12 0.03 0.18 0.12 0.02 (0.01) (0.04) 0.02 (0.01) (0) 1 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19

Imp Impai airme rment C Charg harge (SARbn)

International Corporate Consumer and credit card Others

SLIDE 43 43 NCB Investor Relations | 1Q 2019 Investor Presentation

Financing and advances credit quality (2/2)

Stable NPL ratio and higher NPL coverage

Ma Manageme ment C Comme mmentary

NPL ratio slightly declined vs. 4Q 2018 driven by

International and domestic segments, largely due to lower NPL inflow during the quarter.

NPL coverage was higher at 145% with domestic NPL

coverage enhanced due to lower NPL.

Cost of risk for the first quarter remained low due to

lower NPL flow assisted by higher recovery.

1.4% 1.4% 1.6% 1.6% 1.5% 5.3% 5.1% 4.8% 5.5% 5.2% 1.8% 1.7% 1.8% 1.9% 1.8%

(0) 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19

NP NPL Ratios ( (%) %)

Domestic International Group NPL ratio

192% 185% 170% 157% 164% 99% 96% 93% 90% 83% 165% 161% 154% 142% 145%

1 1 1 1 1 2 2 2 2 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19

NP NPL C Cover erage e Ratios ( (%) %)

Domestic International Group NPL coverage ratio

0.1%

0.1% 0.3% 0.4% 0.1% 1.0% 1.4% 2.0% 1.6% 0.9% 0.0% 0.3% 0.5% 0.5% 0.2%

(0) 1Q 18 1H 18 9M 18 FY 18 1Q 19

CoR Ra R Ratios (Y (YTD % D %)

Domestic International Group CoR ratio

SLIDE 44 44 NCB Investor Relations | 1Q 2019 Investor Presentation

Domestic financing and advances credit quality

Corporate and Consumer NPL ratios have improved

Ma Manageme ment C Comme mmentary

The Corporate NPL ratio and cost of risk declined while NPL

coverage ratio increased.

Consumer and credit card risk metrics remained healthy.

2.2% 2.2% 2.5% 2.5% 2.4% 0.5% 0.5% 0.5% 0.6% 0.5%

(0) (0) 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19

NP NPL Ratios ( (%) %)

Corporate Consumer and credit card

170% 164% 149% 136% 141% 298% 288% 305% 264% 279%

1 2 2 3 3 4 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19

NP NPL C Cover erage e Ratios ( (%) %)

Corporate Consumer and credit card

0.1%

0.1% 0.5% 0.5%

0.1%
0.2%

0.1% 0.1% 0.3% 0.5%

(0) (0) (0) 1Q 18 1H 18 9M 18 FY 18 1Q 19

CoR Ra R Ratios (Y (YTD % D %)

Coorporate COR Consumer COR

SLIDE 45 45 NCB Investor Relations | 1Q 2019 Investor Presentation

Investments trends and composition

Investments increased 5% and quality remains strong; ~89% of the investment portfolio remains Saudi Government and investment grade

Saudi Government securities 50% Other investment grade 39% Non-investment grade 5% Unrated 6%

Inves estmen ents b by C Cred edit G Grade ( e (SARbn)

118 123 23

20 40 60 80 100 120 140 4Q 18 1Q 19

Saudi Arabia 64% GCC and Middle East 15% Europe 1% Turkey 2% Other countries 18%

Inves estmen ents b by G Geo eography (SARbn)

Ma Manageme ment C Comme mmentary

The investment portfolio is built on high quality securities

with ~89% being Saudi government and investment grade.

Since the resumption of KSA government debt issuance, NCB

has actively participated in issues of longer term debt securities.

67 63 64 43 49 51

5 6 8

114 118 123 23 +5%

50 100 150 200 1Q 18 4Q 18 1Q 19

Inves estmen ents ( (SARbn)

Equity instruments, Mutual Funds, Hedge Funds and Others Floating rate securities Fixed rate securities

118 123 23

20 40 60 80 100 120 140 4Q 18 1Q 19

SLIDE 46 46 NCB Investor Relations | 1Q 2019 Investor Presentation

Liabilities trends and composition

Higher total liability base from bank placements

Due to banks and other financial institutions 16% Customers' deposits 78% Debt securities issued 1% Other liabilities 5%

Total Lia iabil ilit itie ies M Mix ix ( (SARbn)

Ma

Manageme ment C Comme mmentary

3 % increase in total liabilities mainly from Due to Bank as a

result of the change in funding mix and other labilities.

Customers’ deposits declined by 3% in 1Q 2019, mainly from
utflow of government and quasi government deposits as

compared with 4Q 2018.

CASA balances account for 76% of customers’ deposits compared

to 80% at 4Q 2018.

T2 sukuk of SAR 5bn was called in during 1Q 2019.

309 319 310 38 46 63

11 9 4

374 74 388 88 398 398 +3%

100 200 300 400 500 600 700 1Q 18 4Q 18 1Q 19

Total L Lia iabil ilit itie ies (SARbn)

Customers' deposits Due to banks and other financial institutions Debt securities issued Other liabilities

388 398 398

50 100 150 200 250 300 350 400 450 500 4Q 18 1Q 19

231 248 227

6 7 8

46 38 47

15 12 13 11 14 13

309 309 31 319 31 310

3%

100 200 300 400 500 600 1Q 18 4Q 18 1Q 19

Custo tome mers rs' D ' Deposits (SARbn)

CASA - Domestic CASA - International Time - Domestic Time - International Others

SLIDE 47 47 NCB Investor Relations | 1Q 2019 Investor Presentation

Liquidity

NCB maintained a strong liquidity profile

Ma Manageme ment C Comme mmentary

As at 1Q 2019, the financing to customers’ deposit ratio

was 86.8% and comfortably below the regulatory guidelines.

HQLA balances rose by 1.3% compared to 4Q 2018. The

average quarterly LCR improved to 183.9% in 1Q 2019 from 176% in 4Q 2018.

Basel III leverage ratio was stable at 13.6% as at 1Q 2019

relative to 13.5% at 4Q 2018.

97 97 99 99 98 98 97 97 98 98 198.6% 211.9% 184.4% 176.0% 183.9%

0.0% 50.0% 100.0% 150.0% 200.0% 250.0% 50 100 150 200 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19

HQLA a and Aver erage L e Liquidity Cover erage ( e (SARbn/%) %)

High quality liquid assets (HQLA) Liquidity coverage ratio (LCR)

81.8% 83.8% 82.4% 83.3% 86.8%

1 1 1 1 1 1 1 1 1 1 1 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19

Finan ancing to to Custo tome mer D r Deposit Rat atio ( (%)

13.5% 13.1% 12.9% 13.5% 13.6%

1Q 18 2Q 18 3Q 18 4Q 18 1Q 19

Bas asel III l III leverag rage Rati atio ( (%)

SLIDE 48 48 NCB Investor Relations | 1Q 2019 Investor Presentation

Capital

Capital position comfortably above regulatory minima

Common equity tier 1 capital (CET1) 86% Additional tier 1 capital (AT1) 10% Tier 2 capital (T2) 4%

Total tal C Cap apital tal C Comp mpositi tion ( (SARbn)

Ma Manageme ment C Comme mmentary

Capitalization remained strong and comfortably above the regulatory

minima with CET1 at 16.5% and T1 at 18.4%.

Common equity Tier 1 capital (CET1) is impacted by one time IFRS9

adjustment adoption.

During 1Q 2019, T2 Sukuk were redeemed, leading to a drop in the

total capital ratio.

Capital ratios are based on Pillar I RWA

58 60 62 7 7 7

8 8 3

73 73 74 74 72 72

3%

20 40 60 80 100 120 140 1Q 18 4Q 18 1Q 19

Cap apital alisati ation ( (SARbn)

Tier 2 capital (T2) Additional tier 1 capital (AT1) Common equity tier 1 capital (CET1)

311 312 324 34 35 35

12 13 16

358 58 360 360 375 75 +4%

100 200 300 400 500 600 700 1Q 18 4Q 18 1Q 19

Pillar I Ri Risk We Weighted As Assets (S (SARb ARbn)

Credit risk Operational risk Market risk

16.2% 16.2% 15.9% 16.6% 16.5% 18.2% 18.1% 17.8% 18.5% 18.4% 20.4 0.4% 20.3 0.3% 20.0 0.0% 20.6 0.6% 19.3 9.3%

1Q 18 2Q 18 3Q 18 4Q 18 1Q 19

Cap apital al R Rati atios ( (%)

CET1 ratio T1 ratio TC ratio

74 72 72

10 20 30 40 50 60 70 80 90 100 4Q 18 1Q 19

SLIDE 49

Segmental al Revie view

1Q 2019 Results

SLIDE 50 50 NCB Investor Relations | 1Q 2019 Investor Presentation

NCB Bank (standalone)

Strong 9% 1Q 2019 net income growth resulting from

perating income growth and lower operating expenses

Ma Manageme ment C Comme mmentary

Net income rose 9% YoY driven principally by 7% operating income growth and a

1% improvement in operating expenses, while the impairment charge increased as IFRS 9 adoption adjustments in 1Q 2018 resulted in lower charge.

NSCI improved by 6% YoY due to increase in average earning assets.

228 228 244 44 248 48 +2%

50 100 150 200 250 300 350 400 450 1Q 18 4Q 18 1Q 19

Financing a and A Advances es, net et ( (SARbn)

288 88 299 99 288 88

4%

100 200 300 400 500 1Q 18 4Q 18 1Q 19

Custo tome mers rs' D ' Deposits (SARbn)

SAR (mn) 1Q Q 201 019 4Q Q 201 018 1Q Q 201 018 Yo YoY Y % ch chan ange Total assets 438,700 426,865 409,258 +7% Tota tal operati ting ng i inc ncome 4, 4,47 475 4,2 ,280 4, 4,18 180 +7% Net special commission income 3,308 3,457 3,111 +6% Fee income from banking services, net 573 615 568 +1% Operating expenses (1,346) (1,230) (1,363)

1%

Impairment charge (94) (351) (20) +372% Other income (expenses) (18) (0) (24)

23%

Net i t inc ncome for th the p period 3, 3,01 016 2,698 698 2,774 +9% % of total assets 94.1% 94.1% 93.2% +1% Cost to income (%) 30.1% 28.7% 32.6%

8%

NCL (%) 0.1% 0.6%

0.1%
231%

ROA (%) 2.8% 2.5% 2.8% +3%

Summary mmary Finan ancial al P Perf rforman rmance

SLIDE 51 51 NCB Investor Relations | 1Q 2019 Investor Presentation

Retail Banking

Higher 1Q 2019 net income from higher operating income

Ma Manageme ment C Comme mmentary

Net income increased by 5% YoY driven principally by 11% higher operating income.
NSCI improved by 11% YoY due to a 9% increase in retail financing.
Fee income increased by 14% YoY, mainly from financing-related activity.
Operating expenses increased 1% YoY and the cost to income ratio reached 42.4%

from 46.7% a year earlier due to strong operating income growth.

97 97 104 04 106 06 +2%

50 100 150 200 250 1Q 18 4Q 18 1Q 19

Financing & A Advances es, n net et (SARbn)

235 35 243 43 232 32

4%

50 100 150 200 250 300 350 400 450 1Q 18 4Q 18 1Q 19

Custo tome mers rs' D ' Deposits (SARbn)

SAR (mn) 1Q Q 201 019 4Q Q 201 018 1Q Q 201 018 Yo YoY Y % ch chan ange Total assets 137,774 134,020 125,975 +9% Tota tal operati ting ng i inc ncome 2,3 ,359 2,2 ,248 2,117 117 +11 11% Net special commission income 1,983 1,946 1,793 +11% Fee income from banking services, net 354 305 310 +14% Operating expenses (1,000) (944) (988) +1% Impairment charge (122) (175) 45

373%

Other income (expenses) (7) (0) (8)

11%

Net i t inc ncome for th the p period 1,2 ,229 1, 1,12 129 1, 1,16 166 +5% % of total assets 29.5% 29.6% 28.7% +3% Cost to income (%) 42.4% 42.0% 46.7%

9%

CoR 0.5% 0.7%

0.2%
351%

ROA (%) 3.6% 3.4% 3.8%

6%

Summary mmary Finan ancial al P Perf rforman rmance

SLIDE 52 52 NCB Investor Relations | 1Q 2019 Investor Presentation

Corporate Banking

22% 1Q 2019 growth in net income from higher operating income and lower operating expenses

Ma Manageme ment C Comme mmentary

Net income increased 22% YoY due to higher operating income of 15% and lower
perating expenses (-10%).
NSCI increased 24% YoY as a result of margin enhancement along with higher

financing in 1Q 2019 that increased average balances during the period by 8% compared with 1Q 2018.

Fee income decreased by 13% YoY mainly on amortization of lending fees and

lower trade fees.

Operating expenses improved 10% YoY, and cost to income stands at 22.9% lower

by 22% from 1Q 2018.

NCL contained by managing proactively credit exposures and improved recoveries.

44 44 48 48 48 48

0%

10 20 30 40 50 60 70 80 90 100 1Q 18 4Q 18 1Q 19

Custo tome mers rs' D ' Deposits (SARbn)

123 23 131 31 130 30

0%

50 100 150 200 250 1Q 18 4Q 18 1Q 19

Financing & A Advances es, n net et (SARbn)

SAR (mn) 1Q Q 201 019 4Q Q 201 018 1Q Q 201 018 Yo YoY Y % ch chan ange Total assets 133,847 134,385 127,191 +5% Tota tal operati ting ng i inc ncome 1,003 003 1,07 077 874 +15 15% Net special commission income 809 783 653 +24% Fee income from banking services, net 193 295 221

13%

Operating expenses (230) (192) (257)

10%

Impairment charge 23 (160) 40

43%

Other income (expenses) (5) (0) (7)

28%

Net i t inc ncome for th the p period 790 90 725 65 650 +22% % of total assets 28.7% 29.6% 29.0%

1%

Cost to income (%) 22.9% 17.8% 29.4%

22%

CoR

0.1%

0.5%

0.1%
46%

ROA (%) 2.4% 2.1% 2.1% +15%

Summary mmary Finan ancial al P Perf rforman rmance

SLIDE 53 53 NCB Investor Relations | 1Q 2019 Investor Presentation

Treasury

Higher 1Q 2019 net income driven by lower impairment

Ma Manageme ment C Comme mmentary

Net income improved by 4% YoY driven by lower impairment charges,

partly offset by 6% lower operating income.

Operating income declined 6% YoY mainly due to lower NSCI and fee

income from banking services offset by an increase in investment income.

114 118 123 23 +5%

50 100 150 200 1Q 18 4Q 18 1Q 19

Inves estmen ents, n net et ( (SARbn)

665 729 516 525 213 597 1,190 942 42 1,113

6%

500 1,000 1,500 2,000 1Q 18 4Q 18 1Q 19

Total tal O Operati rating In Income me (SARmn mn)

Net special commission income Fee and other income

Summary mmary Finan ancial al P Perf rforman rmance

SAR (mn) 1Q Q 201 019 4Q Q 201 018 1Q Q 201 018 Yo YoY Y % ch chan ange Total assets 159,027 150,468 147,993 +7% Tota tal operati ting ng i inc ncome 1, 1,113 113 94 942 1, 1,19 190

6%

Net special commission income 516 729 665

22%

Fee income from banking services, net 26 15 37

31%

Other operating income 572 197 488 +17% Operating expenses (116) (94) (118)

2%

Impairment charge 5 (16) (105)

105%

Other income (expenses) (6) (8)

30%

Net i t inc ncome for th the p period 996 996 832 32 95 958 +4% % of total assets 34.1% 33.2% 33.7% +1% Cost to income (%) 10.4% 9.9% 10.0% +5% ROA (%) 2.6% 2.1% 2.5% +4%

SLIDE 54 54 NCB Investor Relations | 1Q 2019 Investor Presentation

Capital Markets

Lower 1Q 2019 net income growth, driven by lower operating income

Ma Manageme ment C Comme mmentary

Net income decreased by 26% from lower 20% operating income

driven by one-time transaction-related revenues in 1Q 2018, partly

ffset by 13% lower operating expenses.
Fee income decreased by 26% YoY due to lower AUM related fee

income by 24% and Brokerage related fee income by 14%.

135 35 144 44 151 51 +5%

50 100 150 200 250 1Q 18 4Q 18 1Q 19

Asset ets Under er M Managem emen ent ( (SARbn)

47 47 58 58 46 46

3%

10 20 30 40 50 60 70 80 90 100 1Q 18 4Q 18 1Q 19

Br Broker kerages es Volume ( e (SARbn)

SAR (mn) 1Q Q 201 019 4Q Q 201 018 1Q Q 201 018 Yo YoY Y % ch chan ange Assets Under Management 151,248 144,096 134,652 +12% Brokerages Volume 45,559 57,580 46,852

3%

Tota tal operati ting ng i inc ncome 18 181 162 62 228

20%

AUM Related Fee Income 120 115 157

24%

Brokerage Related Fee Income 32 37 38

14%

Other fee income 11 7 27

58%

Fee income, net 164 158 222

26%

Operating expenses (78) (81) (89)

13%

Other income (expenses) (1) n/a Net i t inc ncome 103 03 79 139 39

25%

Non-controlling interests (3) (3) (4)

11%

Net t inc ncome attr ttribute ted to to equity ty holders 100 00 76 135 35

26%

Cost to income (%) 42.9% 50.4% 39.0% +10%

Summary mmary Finan ancial al P Perf rforman rmance

SLIDE 55 55 NCB Investor Relations | 1Q 2019 Investor Presentation

International (in TRY)

1Q 2019 net income decreased by 8% YoY due to higher

perating expenses and higher impairment charge

Ma Manageme ment C Comme mmentary

Net income decreased by 8% YoY due to raising Opex (27%), which was due to

inflation and the impact of branch expansion, partly offset by 13% increase in

perating income boosted by core banking activity.
Loan-to-Deposit ratio decreased to 95% in 1Q 2019 from 110% in 2018 due to

robust increase in customer FX deposits (+19% QoQ).

Note: Figures according to IFRS accounting standards

Financing & & A Advances es, net et ( (TR TRYbn bn)

% in foreign currency xx% 0.5 0.5 0.5 0.5 Growth at constant FX 4Q 18 Reported 1Q 19 Underlying 30.3 TFKB FX translation impact 1Q 19 Reported 29.8 9.8 30.8 30.8

+2% +3%

4.3 .3 0.9 0.9 1Q 19 Underlying 1Q 19 Reported 31.9 4Q 18 Reported Growth at constant FX TFKB FX translation impact 32 32.8 .8 27.6 .6

+16% +19%

39% 41% 59% 65% SAR (mn) 1Q Q 201 019 4Q Q 201 018 1Q Q 201 018 Yo YoY Y % ch chan ange Total assets 50,434 46,486 38,269 +32% Tota tal operati ting ng i inc ncome 427 464 378 +13% Net special commission income 359 408 311 +15% Fee income from banking services, net 73 67 63 +16% Operating expenses (279) (238) (220) +27% Impairment charge (74) (75) (64) +16% Other income (expenses) 4 (32)

na

Net i t inc ncome 83 130 90

8%

Cost to income (%) 64.6% 50.1% 58.8% +580bps CAR % 15.2% 16.8% 19.3%

410bps

Tier 1 CAR % 10.9% 12.0% 14.5%

360bps

LTD ratio % 95.0% 110.0% 118.0%

2,300bps

Summary mmary Finan ancial al P Perf rforman rmance Custo tome mers rs’ Deposits ( (TR TRYbn bn)

SLIDE 56

Addit dditio iona nal l Inform rmati tion

1Q 2019 Results

SLIDE 57 57 NCB Investor Relations | 1Q 2019 Investor Presentation

Additional Information

Please don’t hesitate to contact NCB Group Investor Relations

Mr.

r. Abdulb

lbadie Alya yafi fi Head, Investor Relations +966 12 646 3988 investorrelations@alahli.com National Commercial Bank P.O. Box 3555 21481 Jeddah, Kingdom of Saudi Arabia Mor

re i

infor nformation

n

Download copies of National Commercial Bank’s: Financial statements Earnings release Investor presentation Financial data pack (Excel) Visit: http://www.alahli.com/en-us/Investor_Relation

SLIDE 58 58 NCB Investor Relations | 1Q 2019 Investor Presentation

Disclaimer

The National Commercial Bank (NCB) prepared this presentation on a proprietary basis as general background information about the activities of NCB. The information contained herein is given in summary form and for discussion purposes only. Some of the information that is relied upon by NCB is obtained from sources believed to be reliable, but NCB (nor any of its directors, officers, employees, agents, affiliates or subsidiaries) does not guarantee the accuracy or completeness of such information, and disclaims all liability or responsibility for any loss or damage caused by any act taken as a result of the information. This presentation including the information covered therein is not intended either to be relied upon or construed as an advertisement for, or an offer, solicitation or invitation to sell or issue, or to subscribe, underwrite or

therwise acquire any securities in any jurisdiction. It should and must not be treated as giving tax, legal, investment or other specialist advice or a recommendation to

investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. Neither shall any part of this information nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision or commitment relating thereto, nor does it constitute a recommendation regarding the subject of this presentation. All statements included in this presentation other than statements of historical facts, including, without limitation, those regarding financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives) are forward-looking statements and may thus include words like "anticipate", "believe", "intend", "estimate", "expect", "will", "may", "project", "plan" and such other words of similar meaning. Such forward-looking statements are based on numerous assumptions regarding present and future business strategies and the relevant future business environment. Any forward-looking statements speak only as of the date of this presentation and NCB expressly disclaims to the fullest extent permitted by law any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Nothing in the foregoing is intended to or shall exclude any liability for, or remedy in respect of, fraudulent misrepresentation. Due to rounding, numbers and percentages presented throughout this presentation may not add up precisely to the totals provided. NCB is not under any obligation to update, complete, amend, revise or keep current the information contained herein, and any opinions expressed herein are subject to change materially without notice. Accordingly, no representation or warranty, express or implied, is or will be made by NCB, their respective advisors or any such persons’ directors, officers or employees, or any other person as to the accuracy, completeness or fairness of the information or opinions contained in this presentation, and any reliance you place on them will be at your sole risk. Investors must rely solely on their own examinations of the Offering and relevant documentation in making a determination as to whether to invest in the securities described. An investor should seek independent professional advice when deciding if an investment is appropriate. Securities that may be discussed herein may not be suitable for all investors. Investors are required to make their own independent investigation and appraisal of the business and financial condition of NCB and its subsidiaries, the nature of the securities and the merits or suitability of the securities or any transaction to any investor’s particular situation and objectives, including the possible risks and benefits of purchasing any securities. Any such determination should involve an assessment of the legal, tax, accounting, regulatory, financial, credit or other related aspects of the offering or the securities. Without prejudice to the foregoing, NCB, their advisors and any such persons’ directors, officers or employees expressly disclaim any liability whatsoever, in negligence or otherwise, for any loss howsoever arising, directly or indirectly, from use of, or reliance on, this presentation or its contents or otherwise arising in connection therewith.