27 July 2017

ENBD REIT Announces Full Year Results for 31st March 2017

Dubai, United Arab Emirates, 27 July 2017: ENBD REIT (CEIC) Limited ("ENBD REIT"), the Shari'a compliant real estate investment trust managed by Emirates NBD Asset Management Limited (the "Fund Manager"), has announced its audited financial results for the year ended 31st March 2017, prepared in accordance with International Financial Reporting Standards ("IFRS") and audited by KPMG. ENBD REIT is listed on Nasdaq Dubai under ticker symbol 'ENBDREIT'.

The audited financial statements reflect ENBD REIT's successful listing on Nasdaq Dubai and the capital raise of USD 105 million as part of the initial public offering, which was completed on 23rd March 2017. As at 31st March 2017, ENBD REIT's Net Asset Value (NAV) was USD 296,978,686 or USD 1.1674 per share. The total value of the REIT’s property portfolio was USD 315,273,618. ENBD REIT's total loans stood at USD 117,070,515 at a Loan-to-Value (LTV) ratio of 28.27%. The total annualized dividend for the financial year ended 31st March 2017 5.8%.

The audited financial statements reflect a twelve-month period during which ENBD REIT re-domiciled from Jersey, Channel Islands to Dubai International Financial Centre (DIFC) and are presented as pre- and post-incorporation of the DIFC entity on 18th July 2016. The financial statements will be available to view at www.enbdreit.com/reit/investor-relations.

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