INVESTOR PRESENTATION OCTOBER 2017 Presented By John Iossifidis - PowerPoint PPT Presentation

INVESTOR PRESENTATION OCTOBER 2017

Presented By John Iossifidis Vicky Bhatia Damian White Chief Executive Officer Chief Financial Officer Treasurer  Mr. Iossifidis is a seasoned professional with  Mr. Bhatia has extensive experience in Banking,  Mr. White joined Noor Bank as Treasurer in Finance and Change Management. In his career February 2014. He is responsible for trading over 33 years of banking experience. He has of over 22 years, he has held multiple senior activities, managing the investment portfolio and expertise in leading large multi-national and finance leadership roles with Standard Chartered the sale of market based products to customers. regional financial institutions, specifically in the He is also Chairman of the Bank’s ALCO. Bank (SCB) in the Middle East, Asia and Africa Middle East, Asia and Australia. regions.  Mr. White has been in the GCC since 2009  Mr. Iossifidis joined Noor Bank from Mashreq  Most recently Mr. Bhatia was the Head of Global having previously spent 5 years as Group bank where he was the EVP and Group Head, Processes for Performance Management, where Treasurer of Al Rajhi Bank. Previously he was Corporate and Investment Banking and was also he managed a global finance team of more than Head of Group Funding at National Australia a member of the Executive Committee. Prior to 600 employees across the SCB network. His role Bank, with primary responsibility for raising $30 this, Mr. Iossifidis was Group Head International encompassed all aspects of Performance billion of capital and term funding from global Banking where he led the overseas operations Management including Organization Design, markets annually. Prior to that he was the Head and global Financial Institutions business. Systems, Process, Planning, Reporting and of the European Funding Desk at Lehman  Before Mashreq, Mr. Iossifidis was previously Analytics. Brothers Treasury, based in London. associated with ANZ Bank and subsequently  Prior to that, Mr. Bhatia was the Head of Finance  Mr. White’s working career began with 8 years of Standard Chartered Bank (SCB). His last role for Standard Chartered in Singapore. Mr. Bhatia service as an Infantry Officer in the Australian with ANZ was Country Chief Executive in Sri has also had experience of working with ANZ Regular Army. He holds an MBA from Melbourne Lanka. In Standard Chartered his most recent Business School and a Queen’s Commission Grindlays Bank and Unilever Gulf FZE prior to role was Regional Head Origination and Client joining SCB. from the Royal Military College, Duntroon, Coverage and Co-Head of the Wholesale Bank Australia . for MENAPA. He also led the regional integration of Grindlays Bank with SCB. 2

Table of Contents Overview of Noor Bank 3 Section 1 Business Overview 10 Section 2 Financial Performance 14 Section 3 3

Overview of Noor Bank Snapshot Financial Highlights USD Mn 2013 2014 2015 2016 H1-2017  Established by the Government of Dubai in 2007 and commenced operations in January 2008 951 924 2,027 919 1,120 Cash & Balances with UAE CB  Privately owned bank with a strategic shareholder base 3,906 4,911 6,318 7,057 7,570 Islamic Financing Instruments  Committed to fulfilling the Ruler of Dubai’s vision to create a 493 785 665 1,104 716 Investments in Islamic Sukuk modern Shari’a compliant bank 6,304 7,900 10,744 11,049 10,868 Total Assets  Integral to Dubai’s vision to be the centre of the global Islamic 5,082 6,494 8,753 8,123 8,071 Brief Customer Deposits economy Overview of - - 500 500 500 Senior Unsecured Sukuk Noor Bank  Offers a comprehensive range of Shari’a compliant products - - - 500 500 Tier 1 Sukuk and services across four principal business groups: (1) Total Shareholders’ Equity 665 891 956 957 999 corporate banking, (2) investment banking & financial Net Profit Margin 2.2% 2.8% 2.8% 2.9% 3.2% institutions, (3) retail banking and (4) treasury 1.5% 0.9% 0.9% Return on Assets 1.0% 1.5%  New strategy developed by a new board of directors and management Financing to Customer 76.9% 75.6% 72.2% 86.9% 93.8% Deposits 13.9% 14.6% Tier 1 Ratio 12.2% 16.3% 16.3% Capital Adequacy Ratio 17.6% 18.1% 15.2% 17.3% 17.4% Select Awards and Accolades Despite its relatively short operating history, the Bank has received more than 55 industry awards within the markets in which it operates Credit Rating Rating Agency Long-Term Rating Outlook Date A- Stable Jul-17 4 Note: AED / USD Exchange rate of 3.673 was used throughout the presentation. Financial data is sourced from the latest available financial statements and includes reclassifications of certain line items where applicable.

Overview of Noor Bank’s History Jan 2014  Bank rebranded as Noor Bank May 2014 Jan 2008 Jun 2011 Jun 2017  The AED 770Mn Support Tier II funding  Official launch with initial  His Highness Sheikh  The Board approves a new strategy provided by the UAE CB was prepaid in full equity in excess of AED 3Bn Ahmed Bin Mohammed for the Bank Oct 2014 Apr 2008 Bin Rashid Al Maktoum  John Iossifidis appointed as Chief  The Bank is assigned a first time A-  Best New Islamic Bank by appointed as Chairman Executive Officer (stable) rating by Fitch International Islamic Forum 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Jan 2009 Jan 2013 Apr 2015 May 2016  Sister company Noor Takaful launched  Mobile banking  Established USD 3Bn  Successful pricing of Lehman files application launched Trust Certificate Issuance perpetual USD 500Mn for Chapter Dec 2009  Systemic support funding of AED 50Bn Programme and issued a Tier 1 capital Sukuk 11 May 2013  ‘ Best Islamic Bank in the highly successful USD  Noor Trade launched Bankruptcy provided by the UAE Government to UAE’ by Global Finance 500Mn 5-year Sukuk with all UAE Banks a coupon of 2.788% Magazine Resilience demonstrated through tough times 5

Value Proposition Diversified Earning Base Prominent Shareholders Strong Board, Experienced Consistent Profitability & Management and Progressive Stringent Cost Management Shari’a Supervisory Committee Innovative Product Portfolio Prudent Risk Management with Strong Customer Relationships Well Managed Growth with a Stable Funding Profile 6

Strategic Sovereign & Ruling Family Ownership Noor Bank is the only UAE Bank to have joint ownership by Dubai & Abu Dhabi Ruling Families and the Dubai & UAE Federal Governments “ We want Noor to be like Dubai, a progressive, tolerant Islamic Bank. Other Shareholders 1 Members of the Ruling Family of Dubai & – His Highness Sheikh Government of Dubai (including members Mohammed bin Rashid Al ” Nominated Maktoum of the Abu Dhabi “ Shareholders Ruling Family) Noor is an integral part of the Emirates Investment The Office of HH vision of His Highness Sheikh Authority Mohammed bin Rashid Al Crown Prince of Dubai Maktoum , to make Dubai the capital of the global Islamic economy. Dubai is committed to 22.7% 25.7% 39.4% 4.7% 7.5% supporting the future growth and success of Noor Bank 1 No other shareholder owns more than 5% of the Bank’s share capital – His Highness Sheikh Ahmed ” bin Saeed Al Maktoum Government / Sovereign Ownership in UAE Banks: One of the Highest Gov’t, Sovereign and Ruling Family Ownership AHB 100,0% 92,5% ADCB 61,6% UNB 60,0% One of the only two ADIB 58,4% UAE banks to have no ENBD 55,6% public shareholding RAKBANK 52,8% FAB 37,0% SIB 31,3% DIB 27,9% CBD 20,0% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 7 Source: HE Sheikh Mohammed’s Website & Press Releases, Financial Reports, Investor Presentations (latest available)