ABU DHABI COMMERCIAL BANK PJSC REPORTS

FIRST QUARTER 2015 NET PROFIT OF AED 1.249 BN,

AN INCREASE OF 13% YEAR ON YEAR, AND 22% QUARTER ON QUARTER

Abu Dhabi, 21 April 2015 – Abu Dhabi Commercial Bank PJSC (“ADCB” or the “Bank”) today reported its financial results for the first quarter of 2015 (“Q1’15”).

Financial highlights

Strong top and bottom line growth with a record return on equity and operating income for the quarter

(Q1’15 vs. Q1’14)

– Net profit up 13% to AED 1.249 bn
– Net profit attributable to equity shareholders up 31% to AED 1.248 bn
– Record quarterly operating income, up 15% to AED 2.192 bn
– Record quarterly net interest income and non-interest income, up 19% and 6% respectively to AED 1.641 bn and AED 551 mn
– Net fees and commission income up 32% to AED 375 mn
– Record quarterly operating profit, up 17% to AED 1.492 bn
– Return on equity of 21.9% compared to 17.0% for Q1’14

Conservatively managed balance sheet with strong CASA (current & savings account) deposits contribution

– Net loans and advances increased by 532 mn to AED 141 bn over 31 December 2014
– Deposits from customers increased 2% to AED 128 bn over 31 December 2014
– Advances to stable resources improved to 86.6% from 88.5% as at 31 December 2014
– Low cost CASA deposits comprised 46% of total deposits compared to 45% as at 31 December 2014

Capital and liquidity position continue to be at industry leading levels

– Capital adequacy ratio of 19.49% and Tier 1 ratio of 15.73% as at 31 March 2015
– Net lender of AED 18 bn in the interbank markets as at 31 March 2015

Well managed cost base, continued improvement in cost of funds and strong asset quality metrics

– Cost to income ratio for the quarter improved to 31.9% compared to 32.9% in Q1’14
– Cost of funds for the quarter improved to 85 bps from 97 bps in Q1’14
– As at 31 March 2015, NPL and provision coverage ratios were 3.2% and 134.1% respectively

Commenting on the Bank’s performance Ala’a Eraiqat, Member of the Board and Group Chief Executive Officer, said:

“The Bank had a very good start to the year, reporting a record return on equity of 21.9% and a record operating income of AED 2.192 bn for the first quarter in 2015, crossing the AED 2 bn mark in operating income for the first time and delivering a net profit of AED 1.249 bn, up 13% year on year. Excluding income attributable to non-controlling interests, net profit attributable to equity shareholders grew by 31% in Q1’15.

Our strong results reflect the strength of our franchise and on-going customer demand for our products and services in a challenging and competitive environment, while we continue to pro-actively manage our cost base, in turn driving an improvement in our profitability.

We continue to focus on sustainable growth by striking a balance between ambition and discipline as we strive to create the most valuable bank in the UAE and a better way to bank for our customers.

All of our businesses contributed to these strong set of results reported by the Bank, demonstrating the diversity of our franchise and our dedication to disciplined execution and customer centricity.

We are pleased with our first quarter results and remain positive about future growth. Whilst markets remain competitive, we are confident that with our resilient balance sheet and robust strategic pillars, we can deliver sustainable growth for our customers and shareholders.”

Deepak Khullar, Group Chief Financial Officer, commented on the results:

“ADCB reported strong top and bottom line growth in the first quarter of 2015. Our capital adequacy ratio continues to be at industry leading levels at 19.49% compared to 21.03% as at 31 December2014, the decline was mainly due to dividend payments in Q1’15. Even with significantly high levels of capital, our businesses have delivered a record return on equity of 21.9%, which is amongst the highest in our peer group.

Our cost base is efficiently managed, with a cost to income ratio of 31.9% for the quarter and asset quality metrics continue to remain strong, with a provision coverage of 134.1% and cost of risk reported at 60 bps.

Our fee income reported solid growth, up 32% year on year and contributed 68% towards total non-interest income, compared to 55% in Q1’14, demonstrating our commitment to diversify our revenue stream and our increased emphasis on fee income generation across the Bank.”

Awards 2015

About ADCB (31 March 2015):

ADCB was formed in 1985 and as at 31 March 2015 employed over 4,000 people from 62 nationalities, serving over 600,000 retail customers and approximately 50,000 corporate and SME clients in 48 branches, 4 pay offices and 2 branches in India, 1 branch in Jersey and a representative office in London. As at 31 March 2015, ADCB’s total assets were AED 207 bn.

ADCB is a full-service commercial bank which offers a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate and currency derivatives and Islamic products, project finance and property management services.

ADCB is owned 58.08% by the Government of Abu Dhabi (Abu Dhabi Investment Council). Its shares are traded on the Abu Dhabi Securities Exchange. As at 31 March 2015, excluding treasury shares, ADCB’s market capitalisation was AED 34 bn.

This document has been prepared by Abu Dhabi Commercial Bank PJSC (“ADCB”) for information purposes only. The information, statements and opinions contained in this presentation do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of an offer to buy any securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments. This document is not intended for distribution in any jurisdiction in which such distribution would be contrary to local law or reputation.

The material contained in this press release is intended to be general background information on ADCB and its activities and does not purport to be complete. It may include information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. It is not intended that this document be relied upon as advice to investors or potential investors, who should consider seeking independent professional advice depending on their specific investment objectives, financial situation or particular needs.

This document may contain certain forward-looking statements with respect to certain of ADCB’s plans and its current goals and expectations relating to future financial conditions, performance and results. These statements relate to ADCB’s current view with respect to future events and are subject to change, certain risks, uncertainties and assumptions which are, in many instances, beyond ADCB’s control and have been made based upon management’s expectations and beliefs concerning future developments and their potential effect upon ADCB.

By their nature, these forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond ADCB’s control, including, among others, the UAE domestic and global economic and business conditions, market related risks such as fluctuations in interest rates and exchange rates, the policies and actions of regulatory and Governmental authorities, the impact of competition, the timing impact and other uncertainties of future acquisition or combinations within relevant industries.

As a result, ADCB’s actual future condition, performance and results may differ materially from the plans, goals and expectations set out in ADCB’s forward-looking statements and persons reading this document should not place reliance on forward-looking statements. Such forward-looking statements are made only as at the date on which such statements are made and ADCB does not undertake to update forward-looking statements contained in this document or any other forward-looking statement it may make.

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