Citi Depositary Receipt Services Year End 2020 Report

Global DR Capital Raisings GLOBAL EMEA 83 Total Capital Raisings $48.2B Total Capital Raisings $7.4B DR Capital Raisings Highlights • Total DR capital raised was up 179% to $48.2 billion versus 2019 • Total DR IPO capital raisings was up 196% to $21.6 billion in 2020 • Total number of DR IPOs was up 24% to 46 in 2020 • DR follow-on capital raising was up 166% to $26.6 billion in 2020 • ADR capital raised totaled $41.2 billion • GDR capital raised totaled $6.9 billion • 35 issuers completed IPOs by way of the JOBS Act 102 38 Year-over-Year Change # of Capital Raisings Year-over-Year Change Year-over-Year Change # of Capital Raisings Year-over-Year Change The JOBS Act of 2012: The Jumpstart Our Business Startups Act (JOBS Act) was enacted by the U.S. Congress in 2012 to encourage more companies, including non-U.S. companies, to raise capital through initial public offerings and list in the U.S. 179 34 36 10