Citi Depositary Receipt Services Year-End 2017 Report

Most Liquid DR Exchanges DR Trading Value 1 DR Trading Volume 1 NYSE NASDAQ LSE OTC 5 % 4 % 24 % 67 % NYSE NASDAQ LSE OTC 6 % 9 % 13 % 72 % Total DR Value: $3.4T Total DR Volume: 140.0B DRs Traded DR Liquidity Highlights Trading Value • Up 16% from 2016 primarily due to increases in DR trading value on NYSE • 48% of total from Asia-Pacific • 40% of total from EMEA • 12% of total from LATAM Trading Volume • Down 9% from 2016 primarily due to decline in DR trading volume on NYSE • 44% of total from EMEA • 29% of total from LATAM • 27% of total from Asia-Pacific Global DR Liquidity (cont.) 10