Mid-Year Report

DR ACCESS PRODUCTS ABOUT CITI DEPOSITARY RECEIPT SERVICES INTERNATIONAL INVESTING TRENDS GLOBAL DR TRENDS Top 10 Volume Movers Top 10 Unsponsored DR Programs Issuer Country YTD June 2019 Volume (Millions) Tencent Holdings Ltd China 438.5 Nintendo Co Ltd Japan 55.5 Cie Financiere Richemont SA Switzerland 54.0 SoftBank Group Corp Japan 51.2 FANUC Corp Japan 42.2 Auto Trader Group PLC UK 41.6 Glencore PLC Switzerland 36.2 Mongolian Mining Corp Mongolia 30.8 Industria de Diseno Textil SA Spain 30.7 CaixaBank SA Spain 29.4 Source: Bloomberg and Depositary Data Interchange. Top Ten Volume Movers 1, 2, 3 Volume (DR Millions) Issuer Country YTD June 2018 YTD June 2019 Increase/ (Decrease) 2 Tencent Holdings Ltd China 544.5 438.5 (106.1) Auto Trader Group PLC UK 77.3 41.6 (35.7) Hennes & Mauritz AB Sweden 38.7 14.0 (24.7) Mitsubishi Estate Co Ltd Japan 28.6 4.7 (23.9) Coloplast A/S Denmark 28.0 5.9 (22.1) Ubisoft Entertainment SA France 9.8 27.2 17.4 FANUC Corp Japan 59.1 42.2 (16.9) Cie Financiere Richemont SA Switzerland 38.4 54.0 15.6 Siemens Healthineers AG Germany 34.0 15.6 15.6 CK Hutchison Holdings Ltd Hong Kong 42.6 27.6 (15.0) Source: Bloomberg and Depositary Data Interchange. 1 Data as of June 30, 2019. 2 Absolute Change in DR trading volume. 21 Citi Depositary Receipt Services Mid-Year 2019 Report