Statement about NBAD operations in Egypt

The National Bank of Abu Dhabi (NBAD) has been operating in Egypt since 1975. The Bank has 28 branches, providing a comprehensive range of banking services to 69,000 customers, and employs 650 staff in Egypt.

NBAD-Egypt accounted for around 3.5% of the Group assets; 3% of loans; and 4% of net income in the year ended 31 December 2010. The Bank also has cross border exposure on Egyptian entities of some $400 Million.

NBAD's branches in Egypt are currently closed in line with the Central Bank of Egypt instructions. We are committed to our people and customers and are monitoring the position on a daily basis. We look forward to continue serving our customers in Egypt as soon as banks reopen.