2018 Group’s Profile

Attijariwafa bank is a leading banking and financial Group in North Africa, WAEMU (West African Economic and Monetary Union) and EMCCA (Economic and Monetary Community of Central Africa).

Network, customers & staff Financial highlights at 31 December 2018 Consolidated/IFRS at 31 December 2018

(8.2%) 4,930 Branches Total assets 509.9 Billon MAD 3,494 Branches in (3.4%) Net banking income 22.4 Billon MAD Branches in North Africa 293 (2.3%) Net income 6.7 Billon MAD 540 Branches in West Africa (5.8%) 534 Branches in Central Africa Net income group share 5.7 Billon MAD ROE (1) 15.4% NPL ratio 6.8% 69 Branches in Europe the Middle East and America ROA (2) 1.3% Coverage ratio 95.0% Total Capital ratio (3) 13.0% Cost-to-Income ratio 47.9% 20,125 employees Core Tier 1 Ratio (3) 10.2% Cost of risk 0.53%

(1) Net income / shareholders’ equity excluding net ncome 9.7 million customers (2) Net income / total assets (3) Forecast Data in 2018

Shareholding Structure Board of Directors at 31 December 2018 at 31 December 2018

46.4 % Mr. Mohamed EL KETTANI Chairman of the Board Mr. Mohammed Mounir EL MAJIDI Director, Representing SIGER Mr. Hassan OURIAGLI Director, Representing 3.1 % 5.1% Mr. Abdelmjid TAZLAOUI Director 28.3 % 17.1 % Mr. José REIG Director Mr. Aymane TAUD Director

Mr. Abed Yacoubi SOUSSANE Director Mr. Manuel VARELA Director, Representing Santander AL MADA Group Domestic Institutions Free-float and others Mr. Aldo OLCESE SANTONJA Independant Director

Santusa holding s.l. Attijariwafa bank staff Mr. Lionel ZINSOU Independant Director (Santander) Mrs. Wafaa GUESSOUS Secretary

Committees issued from Board of Directors

Permanent Strategic Group Risk Group Audit Appointment and High procurement members Committee Committee Group Committee Group Remuneration Committee Group* Committee Mr. Mohamed EL KETTANI • • - • • Mr. Hassan OURIAGLI • • - • - Mr. Abdelmjid TAZLAOUI • - • • • Mr. José REIG • • • • • Mr. Mohammed Mounir EL MAJIDI - - - • - Mr. Abed YACOUBI - SOUSSANE - - • - - Mr. Aymane TAUD • • - - •

(*) 3 sub-committees issued from «Appointment and Remuneration Commiittee» with different compositions depending on the prerogatives of each sub-committee. Breakdown of Consolidated Contribution to consolidated Net Banking Net Banking Income at 31 December 2018 Income by activity at 31 December 2018

Net Interest Income Banking in Morocco, Europe and Offshore zone (BMET) 62.6 % Net Fee Income International (IRB) Income from Market Activities Specialized Financial Companies (SFC) Net Income from Other Activities Insurance 50.4 %

-2.2 % 4.7 % 34.3 % 17.2 % 10.6 % 22.5 %

Breakdown of Moroccan Breakdown of International NBI Companies’ NBI at 31 December 2018 by Geography at 31 December 2018

NBI of Moroccan subsidiaries: MAD 3,481.9 million NBI SFC: MAD 2,418.9 million NBI IRB : MAD 7,813,787.5 million NBI Insurance: MAD 1,063.0 million

Attijari Factoring To g o Wafa LLD Mauritania 2.3 % 2.3 % 1.3 % 3.9 % Mali 4.5 % Tunisia Wafa Immobilier Congo 19.6 % 9.9 % 4.5 %

Wafabail Gabon 9.9 % 9.6 % 30.5 %

Senegal Wafacash Cameroon 17.7 % 13.4 % 10.5 %

Wafasalaf Egypt 30.0 % 15.5 % Ivory Coast 14.5 %

Attijariwafa bank’s share price performance Stock Market Indicators

Attijariwafa bank vs MASI from 12/31/2012 to 03/11/2019 Attijariwafa bank 2016 2017 2018

Largest bank by market capitalization in Morocco: MAD 95.1 billion Price 413 484 453 at 31 December 2018 P/B 2.06x 2.27x 2.12x 180 Base 100 MASI ATTIJARIWAFA BANK Dec 12 PER 17.67x 18.27x 16.66x 2017

2016 AWB : +17.2% MASI : +6.4% DY 2.91% 2.58 % 2.87% 155 2015 AWB :+22.2% MASI : +30.5% 2014 AWB : -1.8% MASI : -7.2% AWB : +12.8% Number of Shares 203,527,226 203,527,226 209,859,679 2013 MASI : +5.6% 130 AWB : -2.6% MASI : -2.6% Market capitalization 84,057 98,507 95,066 (in million MAD) 2018

105 AWB : -6.4% MASI : -8.3% 03/11/19

AWB : -2.4% MASI : -2.3% 80 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 An internationally - oriented Banking and Financial Group ...

Europe Attijariwafa bank Europe Branches: 63 Market share: NA

Attijari bank Tunisie Attijari bank Mauritanie Attijariwafa bank Egypt North Africa Branches: 207 Branches: 30 Branches: 56 Market share: 8.5 % Market share: 10.4 % Market share: 0.8 %

EMCCA Société Commerciale Crédit du Congo Union Gabonaise de Banque Cameroun de Banque Branches: 55 Branches: 20 Branches: 22 Market share: 10.5 % Market share: 11.1 % Market share: 16.7 %

WAEMU Compagnie Bancaire Crédit du Sénégal Banque Internationale Société Ivoirienne Banque Internationale de l’Afrique de l’Ouest pour le Mali de Banque pour l’Afrique au Togo Branches1: 94 Branches: 8 Branches: 73 Branches: 63 Branches: 11 Market share: 14.8 % Market share: 2.2 % Market share: 8.7 % PDM : 9,8 % Market share: 4.1 %

Loan market share as of December 2018, except for SIB (Dec 17). 1- including Burkina Faso, Niger and Benin. Representative offices (Riyadh, Abu Dhabi, Dubaï, London, Geneva and Montreal).

Supported by best-in-class factories

Wafa Assurance Wafasalaf Wafa Immobilier Wafabail Attijari Factoring Maroc Bank Assafa Branches: 374 Branches: 45 Branches: 59 Branches: NA Branches: NA Branches: 35 Market share: 19.7% Market share: 31.8 % Market share: 25.2 % Market share: 26.2 % Market share: 68.0 % Market share: NA

Wafacash Wafa LLD Attijari Intermédiation Wafa Gestion Attijari Finances Corp. Wafa Courtage Branches1: 1,818 Branches: NA Branches: NA Branches: NA Branches: NA Branches: NA Market share: NA Market share: 18% Market share: 34.7 % Market share: 24.7 % Market share: NA Market share: NA

1-Excluding 291 branches in West Africa and 437 in Central Africa Loon market share as of December 2018 except Wafa Assurance (June-18) NA: Not applicable Financial Indicators

+3% +9% +10% +5% -3% +10% +10% +8% 305.1 332.0 50.5 509.9 279.7 316.2 47.4 271.6 46.1 286.3 428.8 471.5

12/31/16 01/01/18 12/31/18 12/31/16 01/01/18 12/31/18 12/31/16 01/01/18 12/31/18 12/31/16 01/01/18 12/31/18

Customer Loans Customer Deposits Shareholders’ Equity Total Assets in billion MAD in billion MAD in billion MAD in billion MAD

+10% +3% +11% - +16% +2% +13% +3% 22.4 6.7 21.6 11.7 11.7 6.6 27.2 19.7 26.5 10.5 5.7 23.4

12/31/16 12/31/17 12/31/18 12/31/16 12/31/17 12/31/18 12/31/16 12/31/17 12/31/18 12/31/16 12/31/17 12/31/18

(1) Net Banking Income Gross Operating Income Net Income Earning per share in billion MAD in MAD in billion MAD in billion MAD

+4% +6% +0.02pt -0.19pt - -0.2pt +2.7 pt +20 pts 95.0 22.3 0.72 7.0 7.0 6.8 21.0 0.70 75.1 20.1 72.4 0.53

12/31/16 12/31/17 12/31/18 12/31/16 12/31/17 12/31/18 12/31/16 12/31/17 12/31/18 12/31/16 12/31/17 12/31/18

Non Performing Loans Cost of Risk NPL Ratio Coverage Ratio in billion MAD in % in % in %

(1) Net Income Group Share / Number of Shares

Rating

Fitch Rating March 2019 Standard & Poor’s November 2018 Moody’s June 2018

Long-term BB+ Long-term BB Long-term Ba2

Short-term B Short-term B Short-term NP

Long-term in local currency AA-(mar) Outlook stable Outlook stable

Outlook stable Headquarter 2, boulevard Moulay Youssef, 20000 , Maroc Phone: +212 (0) 5 22 29 88 88 Fax: +212 (0) 5 22 29 41 25 www.attijariwafabank.com http://ir.attijariwafabank.com Financial Information and Investor Relations: Ibtissam ABOUHARIA E-mail : [email protected] [email protected]