Emirates Bank lead manages AED 400 million syndicated facility for Pauling Middle East Company LLC

Notes and media contacts

ABOUT EMIRATES BANK INTERNATIONAL
(Extract from Emirates NBD Share Offer announcement)

Emirates Bank International, headquartered in Dubai, UAE, was established in 1977, and is the largest bank in the Emirate of Dubai by assets. Listed on the Dubai Financial Market, the bank currently employs approximately 4,800 people. Outside the UAE, Emirates Bank International has branches in Saudi Arabia and the UK, and representative offices in Iran, India and Singapore.

Emirates Bank International offers wholesale banking and investment banking through its Corporate Banking Unit, retail banking through its branch network and its direct banking channel "meBANK" as well as treasury services.
Emirates Bank International also offers Islamic banking through Emirates Islamic Bank, asset management through Emirates Investment Services, brokerage services through Emirates International Securities, and card processing through Network International. In addition it has significant shareholdings in Union Properties (property development), and National General Insurance.

Proposed Merger between Emirates Bank International and National Bank of Dubai
On 30 July 2007 Emirates NBD PJSC ("Emirates NBD"), a new company which is offering to acquire the share capital of Emirates Bank International PJSC ("EBI") and National Bank of Dubai PJSC ("NBD") in exchange for shares in Emirates NBD (the "Offer"), announced the publication of an offer document (the "Offer Document") and announced that the Offer opens for acceptance on Wednesday, 1 August 2007. The Offer Document, which is being distributed to shareholders of EBI and NBD, contains full details of the terms and conditions of the Offer and the proposed merger of EBI and NBD (the "Proposed Merger"), along with instructions for EBI and NBD shareholders wishing to accept the Offer.

H.E. Ahmed Humaid Al Tayer, Chairman of EBI, said:
"The Board of Directors of EBI recognises the importance of creating a UAE champion with the scale, financial strength and service quality standards to compete effectively in the increasingly dynamic and competitive UAE and GCC markets. It believes that the Proposed Merger represents an excellent strategic fit, bringing together the first and second largest banks in the Emirate of Dubai by assets."

It is important to note that this Press Release does not constitute, or form part of any offer, or any solicitation of any offer, to subscribe for, any shares or any other securities. This Press Release is not a prospectus and investors should not accept the Offer, acquire securities in Emirates NBD or exercise voting rights at either of the extraordinary general meetings of EBI or NBD, in each case as described in the Offer Document, except on the basis of information in the Offer Document. The Offer Document contains the terms and conditions of the Offer and other important information including in particular the sections headed "Important Notices", "Cautionary Note Regarding Forward-Looking Statements" and "Publication, Distribution, Acceptance and Transfer Restrictions" (which apply in respect of this Short Form Offer Document) and Part VII of the Offer Document headed "Risk Factors".
The availability of the Offer to persons who are not resident in the UAE may be affected by the laws of the relevant jurisdictions. Persons who are not so resident should inform themselves about, and observe, any applicable requirements.

Further details in relation to non-UAE shareholders are contained in the Offer Document.

For more information about Emirates Bank, please contact:

Mr. Ibrahim Sowaidan
Head of Corporate Communications
Tel: 04 2092916
Mobile: 050 6538937