INVESTORS’ PRESENTATION September 2016 (based on unaudited figures)

1 CONTENTS

GROUP OVERVIEW 4

MAIN DEVELOPMENT PILLARS 8

CONSOLIDATED FINANCIAL STANDING 14

MAIN STRATEGIC ORIENTATIONS 20

SHARE INFORMATION 21

APPENDIX 23

www.bankaudigroup.com 2 DISCLAIMER

This presentation has been prepared by Bank Audi s.a.l. (“Bank Audi”); is for information None of Bank Audi or any of its subsidiaries or affiliates accepts any obligation to update or purposes only and is intended only for the initial direct recipient hereof. It may not be otherwise revise any such information to reflect information that subsequently becomes reproduced or redistributed to any other person. It shall not and does not constitute either an available or circumstances existing or changes occurring after the date hereof. offer to purchase or buy or a solicitation to purchase or buy or an offer to sell or exchange or a solicitation to sell or exchange any securities of Bank Audi and neither this presentation nor This presentation may not and will not be made directly or indirectly and may not be and will anything contained herein shall form the basis of any contract or commitment whatsoever. not be distributed in any jurisdiction in which it is unlawful to make such presentation or distribution under applicable laws and regulations. Persons who Certain statements in this presentation may constitute “forward-looking statements”. These attend any meeting at which this presentation is used or distributed or who otherwise receive statements appear in a number of places in this presentation and include statements regarding this presentation are required to make themselves aware of and adhere to any and all Bank Audi’s intent, belief or current expectations. restrictions applicable to them. In particular, this presentation may not be made in, and may not be and will not be distributed, directly or indirectly, in or into the United States or to any These forward-looking statements can be identified by the use of forward-looking terminology U.S. Person (as defined in Regulation S under the U.S. Securities Act of 1933, as amended “S”), such as “believes”, “expects”, “may”, “is expected to”, “will”, “will continue”, “should”, other than as permitted by Regulation S, or to qualified institutional buyers as defined in and in “approximately”, “would be”, “seeks” or “anticipates”; or similar expressions or comparable accordance with Rule 144A under the U.S. terminology, or the negatives thereof. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and actual results, performance or Securities Act of 1933, as amended, and this document is not to be distributed, directly or achievements of Bank Audi may differ materially from those expressed or implied in the indirectly, in Canada, Australia or Japan or to any citizen or resident of Canada, Australia or forward-looking statements as a result of various factors. There are many factors which could Japan. affect Bank Audi’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. In addition, even if Bank This presentation may only be attended by, and this document may only be distributed to, Audi’s results of operations and financial condition and the development of the industry in persons in member states of the European Economic Area who are qualified investors within which it operates are consistent with forward-looking statements contained herein, those the meaning of Article 2(1)(E) of the Prospectus Directive (2003/7/EC) (including any results, condition or developments may not be indicative of results or developments in amendments thereto, including Directive 2010/73/EU, and including any relevant implementing subsequent periods. Bank Audi does not undertake to update any forward-looking statements measure in each relevant member state of the EEA) (“Qualified Investors”) and persons who (i) made herein. Past results are not indicative of future performance. are outside the United Kingdom, (ii) who have professional experience in matters relating to investments, i.e. investment professionals within the meaning of Article 19(5) of the Financial While the information contained in this presentation and document Services an Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), and has been prepared in good faith, no representation or warranty, express or implied, is or will (c) are high net worth companies, unincorporated associations and other bodies to whom it be made and no responsibility or liability is or will be accepted by Bank Audi or any of its may otherwise lawfully be communicated in accordance with Article 49 (2)(a) to (d) of the subsidiaries or affiliates or by any of their respective directors, officers, employees or agents as Order (all such persons, together with Qualified Investors, being referred to as “relevant to or in relation to the accuracy or completeness thereof or for any loss arising from any use persons” ). thereof and any and all such liability is expressly disclaimed. This document is not to be relied upon as such in any manner as legal, tax or investment advice and shall not be used in This presentation must not be acted on or relied on by persons who are not relevant persons substitution for the exercise of independent judgment and each recipient hereof shall be and any investment or investment activity to which this presentation relates is available only to responsible for conducting its own investigation and analysis of the information contained relevant persons and will be engaged in only with relevant persons. herein. Except where otherwise indicated, the information provided in this document is based on matters as they exist as of the date stated or, if no date is stated, as of the date of The information contained herein must be kept strictly confidential and may not be reproduced preparation and not as of any future date, and the information and opinions contained herein or redistributed in any format to any person other than the initial direct recipient hereof are subject to change without notice. without the express written approval of Bank Audi. www.bankaudigroup.com 3 GROUP OVERVIEW: COVERING THE – MENAT CORRIDOR

Connecting customers to opportunities US$ 125 billion of yearly inter –Arab trade turnover in 2015 US$ 39 billion of yearly Turkish Arab trade turnover in 2015

Ranking by Assets No. 1 in No. 18 in MENA

COUNTRY COMPANY

1962 Lebanon Bank Audi 1967 Lebanon Audi Private Bank 1974 Lebanon Audi Investment Bank 1975 Bank Audi (Suisse) 1979 Bank Audi France 2004 Jordan Bank Audi - Jordan Network 2006 Audi Capital 2006 Egypt Bank Audi 2007 UAE Bank Audi (Representative office) 2007 Bank Audi 2010 Monaco Audi Capital Gestion 2012 Odea Bank 2016 Iraq Bank Audi - Iraq Network

CORPORATE VALUES o INNOVATION o TRANSPARENCY Main Development Pillars o HERITAGE o CIVIC ROLE o HUMAN CAPITAL o QUALITY www.bankaudigroup.com 4 GROUP OVERVIEW: CORPORATE & FINANCIAL HIGHLIGHTS

Competitive National and Regional Positioning

CORPORATE HIGHLIGHTS FINANCIAL HIGHLIGHTS IN U$ MILLION

o

o

o

o

o

o

o

o

o

www.bankaudigroup.com 5 GROUP OVERVIEW:CORPORATE AND SOCIAL RESPONSIBILITY (CSR) PILLARS

CORPORATE GOVERNANCE Ethical conduct, Compliance, Anti-corruption, Risk management, Non-discrimination Environmental & Social Management System (ESMS)

IDENTIFICATION

ECONOMIC DEVELOPMENT Product portfolio, Economic performance, Indirect REPORTING SCREENING economic impacts, Procurement practices, Market presence

E & S COMMUNITY DEVELOPMENT Local community development MANAGEMENT Local community support SYSTEM MONITORING CATEGORIZATION

HUMAN DEVELOPMENT Employment practices, Diversity & equal opportunity Training, education, talent development, External human development APPROVAL ASSESSMENT

ENVIRONMENTAL PROTECTION Emissions, Effluents & waste, Energy consumption, ESMS

www.bankaudigroup.com 6 GROUP OVERVIEW: GOVERNANCE OF HOLDING BANK

CORPORATE GOVERNANCE

10 Members BOD 5 Executive directors Structure 1 Shareholders representative 4 Independent directors

Group Audit Committee Group Risk Committee BOD Remuneration Committee Committees Corporate Governance & Nomination Committee Group Executive Committee

Asset-Liability Committee Anti-Money Laundering Committee Management Credit Committee Committees Information Technology Strategic Committee Disclosure Committee

Corporate Governance Guidelines Set of Chart of Authorities Charters Committees Charters

Notes to shareholders structure: 1 Percentage ownership figures represent Common Shares owned by the named Shareholders and are expressed as a percentage of the total number of Common Shares issued and outstanding. As at the date hereof, the Bank (and its affiliates) is the custodian of Shares &/Or GDRs representing 68.21% of the Bank’s common shares; 2 Excluding members of the Audi Family accounted for in a separate row appearing above; 3 Deutsche Bank Trust Company Americas holds Common Shares in its capacity as depositary under the Bank’s GDR Program. In addition to the ownership of Common shares mentioned above, 10.6% of the Bank’s Common Shares are held through GDRs by each of FRH Investment Holding Company s.a.l., The Audi Family, Sheikha Suad H. Al Homaizi, Sheikh Dhiab Bin Zayed Al- Nehayan, and the Al-Hobayeb Family (respectively, 2.30%, 0.92%, 1.81%, 3.13% and 2.44%). Information on GDR ownership is based on self declarations (pursuant to applicable Lebanese regulations) as GDR ownership is otherwise anonymous to Bank Audi.

www.bankaudigroup.com 7 GROUP OVERVIEW: MENAT OPERATING ENVIRONMENT

Nominal GDP 2016F (US$ billion) Population 2016F (million) Bank assets* (US$ billion) Lebanon Turkey *August2016 or latest available Egypt MENA

Main Development Pillars

www.bankaudigroup.com 8 GROUP OVERVIEW: BUSINESS SEGMENTATION – THE DIVERSIFICATION TREND

-2004- -2010- -2016- Lebanese Universal Lebanese Bank with MENA Regional Universal Bank Footprints Universal Bank

In US$ million ASSETS LOANS NET PROFITS

1 Including consolidation adjustments Lebanese entities include: Bank Audi Lebanon, AIB, Solifac, Gamma, other Lebanese entities and consolidation adjustments entities include: APB, BAS, Audi Capital Gestion , BAQ and AC-KSA, www.bankaudigroup.com Other entities include: BAF, other European entities, BAJO and BAIQ 9 MAIN DEVELOPMENT PILLARS - LEBANON STRONG LEADERSHIP IN LEBANON

CURRENT STATUS o Universal banking profile with dominant positioning o Largest retail accounts portfolio with an 18% market share supported by innovative technologies, products and services o Banking with the top 100 corporates with dominant corporate and commercial loan market shares o Market maker in trading operations with a turnover on Lebanese fixed income securities of US$ 8.5 billion in the first nine months of 2016 and an important market share in equity trading on the Stock Exchange OPPORTUNITY o Signals of domestic political settlement paving the way for Presidential elections and putting an end to a two and a half year constitutional vacuum o Bolstered financial resilience on the back of the recent financial engineering operations of the Central Bank o Large cyclical output gap between actual and potential output, suggesting pent up aggregate demand for goods and services o Potential of gas and oil extraction reinforcing growth, investment and income per capita while apt to gradually contain public finance imbalances OUTLOOK o Leverage on existing corporate relationship, expertise and regional presence to grow the regional business with a focus on trade o Upgrade the SME financing proposition on track to become a high value driver for the Bank, capturing growth opportunities o Focus on customer centric retail model supported by innovative delivery channels, state of the art technologies and tailored made products and services

1 Return on required regulatory capital www.bankaudigroup.com 10 ROBUST MAIN DEVELOPMENT PILLARS - TURKEY GROWTH WITH ENTICING PROSPECTS

CURRENT STATUS o A challenger bank profile with a universal product range o 1.3% market share in assets, (1.7% in deposits and 1.4% in loans) in 4 years of average activity, ranking 9th in terms of assets and loans and 8th in terms of deposits among non-state owned conventional banks o Optimized operating model supported by a good mix of people / products / technology, leading to best cost to assets to deposits ratios among peers o Quick franchise building without incurring any goodwill expense, profitable after 19 months since launch o Self-funded balance sheet structure leading to one of the lowest loan to deposit ratios in the sector OPPORTUNITY o A diversified and growing economy with favorable sovereign debt dynamics and improving trade linkage beyond the country’s traditional European markets o Real GDP growth in 2015 equivalent to more than twice the average real GDP growth in emerging markets (excluding China and India), with a forecast of a robust growth to be sustained in 2016, despite challenges, and beyond o Resilient domestic demand and strong fiscal buffers are easing the downside risks to economic activity despite recent political challenges OUTLOOK o Grow middle corporate and develop value-added SMEs and consumer segments o Leverage on the Group’s wide footprint in the MENA region to capture cross-border opportunities, permitting to become the top MENA bank in Turkey and at the forefront of Turkish banks covering the region o Sustain growing positive jaws, to quickly improve efficiency and www.bankaudigroup.com profitability 11 MAIN DEVELOPMENT PILLARS - EGYPT EXPANSION OF NETWORK & PRODUCT RANGE

CURRENT STATUS o Resilient to successive political transitions since 2011, sustaining solid growth trajectory outpacing peers with 20% CAGR in assets and 32% in net profits over the 2010-Sep16 period o Sound credit policies focusing on defensive businesses translating into a NPL ratio of 1.4% well below the sector o Efficient and profitable growing bank with an average ROAA and ROACE of 1.6% and 18% over the 2010-9M16 period OPPORTUNITY o Gradual return of confidence since the start of the second transition, generating a noticeable turnaround in economic activity and investment o State showing firm commitment to address macro challenges through the implementation of a series of reforms within the context of strong foreign support o A stream of recent financing agreements (IMF, World Bank, bilateral, etc.) relatively easing Egypt’s external financing needs o Macro outlook remain favorable on the overall in spite of monetary and price pressures (inflation and exchange rates) o Real GDP growth to average close to 5% over the next 5 years, exceeding population growth, reinforcing per capital income and translating into double digit growth in banking aggregates OUTLOOK o New development plan encompassing the expansion of the network and extension of the scope of products and services to cover new business segments such as Islamic, mass affluent, mortgages and others o Building on a visible and highly regarded brand, to achieve ambitious growth targets by 2019 www.bankaudigroup.com 12 MAIN DEVELOPMENT PILLARS – PRIVATE BANKING STRONG EXPERTISE & KNOW-HOW

CURRENT STATUS o Operates thru Banque Audi Suisse, the second largest Arab Private Bank based in Switzerland since the mid-70s and thru 2 main entities in Lebanon (Audi Private Bank) and Saudi Arabia (Audi Capital-KSA) with additional offices in Monaco, Qatar, Jordan and Abu Dhabi o Full diversified offering with full access to major markets worldwide and global investment products including discretionary portfolio management, investment advisory, trade execution in all asset classes, structuring and management of Saudi and regional funds and other private banking services o Deep-rooted in the MENA region, Bank Audi Private Bank also covers Sub-Saharan Africa (AuMs of US$ 1,075 million) and Latin America (US$ 1,162 million) through dedicated desks and RMs OPPORTUNITY o The region continues to be second-fasted growing private banking market, trailing only to Asia o Robust growing wealth pools fostering need for wealth and asset management services o industry currently in transition to accommodate increasing regulatory transparency requirements and related cost investment, allowing smaller and more agile institution to gain market shares

STRATEGY o Recent restructuring of the business line to improve intergroup synergies and efficiencies o Plan to establish a footprint in the United Kingdom and Singapore via partnership with Crossbridge Capital based in London, to create a centralized and specialized wealth management platform to support the private banking development strategy and future expansion to the greater Middle-East, Sub-Saharan Africa and Latin America www.bankaudigroup.com 13 CONSOLIDATED FINANCIAL STANDING: PERFORMANCE HIGHLIGHTS

ASSETS & FOOTINGS IN US$ MILLION INCOME STATEMENT IN US$ MILLION

1 Includes collective provisions of US$ 302 million in preparation for the application of IFRS 9 1 o.w. US$ 642.9 million of exceptional net fees and commissions resulting from the Central Bank of Lebanon exchange transactions 2 o.w. US$ 217.9 million of exceptional expenses related to goodwill expenses and one-offs 3 o.w. US$ 112.2 million of free provisions 4 o.w. US$ 86.8 million of exceptional tax expense resulting from the Central Bank of Lebanon exchange transactions 5 o.w. US$ 219.9 million of write off of investments in Syria and Sudan www.bankaudigroup.com 14 CONSOLIDATED FINANCIAL STANDING: STEADY AND RESILIENT GROWTH

ASSETS IN US$ MILLION LOANS TO CUSTOMERS IN US$ MILLION CUSTOMERS’ DEPOSITS IN US$ MILLION

REVENUES & NET EARNINGS IN US$ MILLION EARNINGS PER COMMON SHARE IN US$ KEY PERFORMANCE METRICS

www.bankaudigroup.com 15 CONSOLIDATED FINANCIAL STANDING: LOAN PORTFOLIO BREAKDOWN (42% OF TOTAL ASSETS) – END SEPTEMBER 2016

LOANS BREAKDOWN BY LOANS BREAKDOWN LOANS BREAKDOWN ECONOMIC SECTOR BY COLLATERAL BY CURRENCY

OTHER, JOD, 1.3% Cash and 1.9% bank LBP, 7.8% Unsecured guarantee, , 27.9% 12.3% EGP, 11.0% Real estate USD, mortgage, EUR, 46.7% 25.9% 15.1%

Personal Securities, guarantee, TRY, 5.5% 28.4% 16.2%

NET EXPOSURES BY LOANS BREAKDOWN LOANS BREAKDOWN DEVELOPMENT PILLARS BY CUSTOMERS’ TYPE BY MATURITY

Retail & consumer clients, 17.7%

Private & Short-term Long-term personal facilities, (<1 facilities, (>3 clients, 6.3% year), 40.3% years), 43.8%

SMEs & small business Corporate & owners, 13.8% commercial clients, 62.2% Medium-term facilities, (1-3 years), 16.0%

www.bankaudigroup.com 16 CONSOLIDATED FINANCIAL STANDING: LOAN QUALITY - END SEPTEMBER 2016

GROSS DOUBTFUL LOANS MOVEMENT IN US$ MILLION

SPLIT OF LLP CHARGES IN 9M-16 IN US$ MILLION

13.0% 1.2%

1 As compared to an average of 3.7% in the MENA region, 7.0% in emerging markets and 6.2% in the world. www.bankaudigroup.com 17 CONSOLIDATED FINANCIAL STANDING: LIQUIDITY & PORTFOLIO SECURITIES (55% of TOTAL ASSETS) - END SEPTEMBER 2016

LIQUIDITY PORTFOLIO SECURITIES

BREAKDOWN OF PLACEMENTS WITH BANKS BREAKDOWN OF PORTFOLIO SECURITIES BY CURRENCY & TYPE

By Region By Rating 1 TBs in TRY TBs in EGP 1.6% 11.0% Ba1 to B3, 51.7% Eurobonds in US$ Bonds in other FCY Other Europe, 1.9% 5.6% 50.7% TBs in LL Baa1 to Baa3, Risk ceded leb 11.7% MENA, 13.2% 2.1% eurobonds A1 to A3, 22.1% 10.5% Below B3, 0.7% Equity instruments 1.9%

Not Rated, 6.5% Other fixed income instruments Other, 0.1% 4.7% Aaa to Aa3, G10 Countries, CB CDs 16.8% 35.9% 51.2%

www.bankaudigroup.com 1 As per Basel requirement 18 CONSOLIDATED FINANCIAL STANDING: CAPITALIZATION

CONSOLIDATED CAR AS PER BASEL III IN US$ MILLION CONSOLIDATED CAPITAL ADEQUACY RATIO EVOLUTION

1 Adjusted to account the collective provisions taken in anticipation of IFRS 9 application in 2018 in CET1 capital instead of Tier two capital, 2 When including the US$ 237 million of collective provisions on loans, the CET1 ratio would then reach 12.9% and the total CAR ratio 16.2%.

ODEA BANK & BANK AUDI EGYPT CAR (AS PER LOCAL REGULATIONS)

www.bankaudigroup.com 19 MAIN STRATEGIC ORIENTATIONS: POSITION THE GROUP AS A LEADING MENAT BANK

o Preparing Turkey for its next stage of growth o Growth mode in Egypt o Efficiency enhancement in Lebanon o Re-organizing and expanding the Private Banking business line CURRENT STRATEGY

o 3 main pillars: Lebanon, Turkey, Egypt.

o Growth strategy for the Private Banking business line through improved synergies across entities and enhanced operating model

o Medium term expansion plans under consideration, the United Kingdom (thru a light structure), Sub-Saharan Africa and Latin America

Main Development Pillars www.bankaudigroup.com 20 SHARE INFORMATION: INVESTMENTS CONSIDERATIONS

COMMON BOOK PER SHARE COMMON EARNINGS PER SHARE USEFUL SHARE INFORMATION

COMMON DIVIDEND PER SHARE PAYOUT RATIO

www.bankaudigroup.com 21 SHARE INFORMATION: STOCK MARKET PERFORMANCE & RATIOS

Bank Audi v/s MENA Peers Stock Market Ratios

PRICE TO BOOK AS AT OCTOBER 18th, 2016

EMERGING MENA MARKETS GLOBAL AVERAGE AVERAGE AUDI 1 AVERAGE 1.45 2.20 1.48 0.9

PRICE TO EARNINGS AS AT OCTOBER 18th, 2016

EMERGING MENA MARKETS GLOBAL AVERAGE AVERAGE 1 AVERAGE AUDI 13.3 12.6 6.3 9.6

PRICE TO ASSETS AS AT OCTOBER 18th, 2016

EMERGING MENA MARKETS GLOBAL AVERAGE AVERAGE AUDI 1 AVERAGE 16.3% 25.5% 15.7% 6.1%

PEG RATIO AS AT OCTOBER 18th, 2016 COMPARATIVE P/E RATIOS FOR BANKS1 Audi GDR 6.3x MENA 9.6x KSA 7.7x Qatar 11.6x EMERGING GLOBAL Audi Listed 6.1x Jordan 14.2x UAE 7.6x Bahrain 8.6x MENA MARKETS AVERAGE AUDI 1 AVERAGE AVERAGE 3.4 Lebanon 6.8x Egypt 11.4x Kuwait 13.1x Oman 5.7x 1.0 1.4 2.9

1 Prices as at Oct 18, 2016 Sources: Bloomberg, , Bank Audi’s Group Research Department 1 On the basis of a Bank Audi GDR price of US$ 6.40 on the Beirut Stock Exchange as at 18/10/2016 Sources: Bloomberg, Citigroup, IMF, Beirut Stock Exchange, Bank Audi’s Group Research Department www.bankaudigroup.com 22 APPENDIX www.bankaudigroup.com

23 FINANCIAL STATEMENTS: CONSOLIDATED STATEMENT OF FINANCIAL POSITION

4

1

2

3

1 After deduction of provisions amounting to US$ 629 million from loans and advances to customers as per IAS 39, of which US$ 237 million representing provisions on collective assessment; 2 Loans granted to related parties against cash collateral amounted to US$ 118 million; 3 Includes an amount of US$ 998 million with risk ceded to customers. 4 Includes IFRS 9 collective provisions of USD 302 million taken in preparation for the application of IFRS 9 www.bankaudigroup.com 24 FINANCIAL STATEMENTS: CONSOLIDATED PROFIT & LOSS STATEMENT

2014 9M-15 2015 9M-16 Interest & similar income Interest & similar expenses Net Interest Income Non interest income Total Operating Income Net provisions for credit losses Provision on impairment of financial instruments Net Operating income Personnel expenses Other operating expenses Depreciation of property & equipment Amortization of intangible assets Impairment of goodwill & investments Total Operating Expenses Profit Before Tax Income tax Profit After Tax Net results from discontinued operations = Profit After Tax and Discontinued Operations Minority Interest Net Profit - Minority Share

www.bankaudigroup.com 25 www.bankaudigroup.com

26