ADCB issues AAA/P1 rated notes under its MYR 3,500,000,000 Medium Term Note Programme

16 August 2010

Abu Dhabi, 16 August 2010: Abu Dhabi Commercial Bank PJSC ("ADCB") announced that it has today launched a transaction for a minimum of MYR 500,000,000 of its MYR 3,500,000,000 Medium Term Note Programme ("Notes"). The Notes are rated AAA by RAM Ratings' Financial Institution Ratings ("RAM Ratings"); the transaction will be arranged by Standard Chartered Bank & RHB Investment Bank. .

RAM Ratings has maintained ADCB's AAA* and P1** ratings, the highest long and short-term financial institution ratings available from the independent rating agency. RAM Ratings commented: "In our assessment of ADCB's asset-quality indicators, comfort is drawn from ADCB's strong capitalization levels". RAM further highlighted ADCB's strong connection to the governments of Abu Dhabi and the United Arab Emirates (UAE)."

This issue and the RAM Ratings, recognize the high standards of transparency and disclosure supported by ADCB. In 2009, ADCB became the first GGC bank to issue debt to investors in the United States in reliance on Rule 144A of the United States Securities Act of 1933.

Mr. Ala'a Eraiqat, CEO of ADCB, said "ADCB is proud to have maintained its RAM Ratings AAA and P1 ratings. RAM Ratings plays a leading role in providing independent credit opinions that are respected by investors and other market participants."

Kevin Taylor, ADCB's Group Treasurer expressed that the deal will be a good source of 5 year funding well within ADCB's cost of funds. "ADCB's liquidity position remains strong having raised more than AED10Bn of new customer liabilities in 2010 and operating with a loans to stable resources ratio as defined by the UAE Central Bank of 91% at the end of the second quarter". The Notes will contribute to reopening capital markets for ADCB and other UAE issuers. Mr. Taylor noted "ADCB's issuance in Malaysia is a reaffirmation of the ADCB and the Abu Dhabi credit stories".