Citi Depositary Receipt Services Year-End 2017 Report

Issuer Country Industry 2 USD Value (in Millions) En+ Group plc* Russia Energy $1,570 Loma Negra Compania Industrial Argentina S.A.* Argentina Industrials $1,017 Qudian Inc. China Financials $900 Sea Limited Singapore Software & Services $884 Sogou, Inc China Software & Services $658 BEST Inc.* China Consumer Discretionary $518 GlobalWafers Co., Ltd.* Taiwan Semiconductors $469 Azul S.A.* Brazil Transportation $421 Ablynx N.V. Belgium Pharmaceuticals, Biotechnology $230 PPDAI Group Inc.* China Financials $221 General Interface Solution (GIS) Holding Limited* Taiwan Technology Hardware & Equipment $207 PJSC Polyus Russia Industrials, Metals & Mining $200 RISE Education Cayman Ltd. China Consumer Services $183 Bright Scholar China Commercial & Professional Services $181 Jianpu Technology Inc. China Financials $180 Zai Lab Limited* China Pharmaceuticals, Biotechnology $172 RYB Education, Inc.* China Consumer Discretionary $166 Erytech Pharma S.A. France Pharmaceuticals, Biotechnology $125 *Signifies Citi DR program capital raising. IPO Deals in bold italics signify a JOBS Act Deal. 1 Defined as capital raising at the time of listing of a new DR security, data as of December 31, 2017. 2 Industry as defined by Bloomberg. DR IPOs 1 Global DR Capital Raisings (cont.) Source: Bloomberg and Depositary Data Interchange. 14