Mid-Year Report

Most Liquid DR Exchanges DR Trading Value 1 DR Trading Volume 1 NYSE NASDAQ LSE OTC 2 % 6 % 24 % 68 % NYSE NASDAQ LSE OTC 4 % 6 % 19 % 71 % Total DR Value: $1,805.5bn Total DR Volume: 82.4bn DRs Traded DR Liquidity Highlights Trading Value • Down 18% from the 1st half of 2018 primarily due to decreases in DR trading value on NYSE and NASDAQ • 56% of total from Asia-Pacific • 31% of total from EMEA • 13% of total from LATAM Trading Volume • Up 8% from the 1st half of 2018 primarily due to increases in DR trading volume on NYSE • 37% of total from Asia-Pacific • 35% of total from EMEA • 28% of total from LATAM Global DR Liquidity (cont.) 10