Citi Depositary Receipt Services Year End 2020 Report

Most Liquid DR Exchanges DR Trading Value 1 DR Trading Volume 1 NYSE NASDAQ LSE OTC 6 % 2 % 25 % 67 % NYSE NASDAQ LSE OTC 7 % 3 % 21 % 69 % Total DR Value: $5.9T Total DR Volume: 251.3B DRs Traded DR Liquidity Highlights Trading Value • Up 68% from 2019 due to increase in DR trading value on NYSE • 68% of total from Asia-Pacific • 26% of total from EMEA • 7% of total from LATAM Trading Volume • Up 53% from 2019 due to increase in DR trading volume on NYSE and OTC • 43% of total from Asia-Pacific • 35% of total from EMEA • 22% of total from LATAM Global DR Liquidity (cont.) 8