Citi Depositary Receipt Services Year End 2020 Report

DR ACCESS PRODUCTS ABOUT CITI DEPOSITARY RECEIPT SERVICES INTERNATIONAL INVESTING TRENDS GLOBAL DR TRENDS Top Ten Volume Movers Top Ten Unsponsored DR Programs by Volume Issuer Country 2020 Volume (DR Millions) Tencent Holdings Ltd China 969 NMC Health PLC UAE 315 SoftBank Group Corp Japan 213 Airbus SE France 154 Enel SpA Italy 149 Cie Financiere Richemont SA Switzerland 145 Nintendo Co Ltd Japan 115 Svenska Handelsbanken AB Sweden 84 Glencore PLC Switzerland 83 ACS Actividades de Construccion y Servicios SA Spain 81 Source: Bloomberg and Depositary Data Interchange. Top Ten Volume Movers 1, 2, 3 Volume (DR Millions) Issuer Country 2019 2020 Increase/ (Decrease) 2 NMC Health PLC UAE 1 315 314 Airbus SE France 46 154 108 Tencent Holdings Ltd China 861 969 108 Enel SpA Italy 55 149 94 Adyen NV Netherlands 6 79 72 ACS Actividades de Construccion y Servicios SA Spain 30 81 51 William Hill PLC UK 8 59 50 Ubisoft Entertainment SA France 65 16 (49) Wirecard AG Germany 3 50 46 Cie Financiere Richemont SA Switzerland 101 145 44 Source: Bloomberg and Depositary Data Interchange. 1 Data as of December 31, 2020. 2 Absolute Change in DR trading volume. 21 Citi Depositary Receipt Services Year-End 2020 Report