Citi Depositary Receipt Services Year-End 2017 Report

DR Follow-On Offerings 1 Issuer Country Industry 2 USD Value (in Millions) Banco Macro S.A. Argentina Financials $598 Grupo Financiero Galicia S.A. Argentina Financials $522 Banco Santander Brasil SA Brazil Banks $510 YY Inc. China Software & Services $463 Grupo Supervielle S.A. Argentina Financials $403 Galapagos NV* Belgium Health Care $388 BBVA Banco Frances S.A. Argentina Financials $349 Melco Resorts & Entertainment Ltd Hong Kong Consumer Discretionary $337 Azul S.A.* Brazil Transportation $327 GW Pharmaceuticals plc* UK Pharmaceuticals, Biotechnology $317 Hutchison China MediTech Limited Hong Kong Pharmaceuticals, Biotechnology $301 argenx Netherlands Pharmaceuticals, Biotechnology $266 Veon Netherlands Telecommunication Services $263 TPK Holding Co., Ltd.* 3 Taiwan Electronics $236 Talend SA 4 France Software & Services $218 BeiGene, Ltd.* China Pharmaceuticals, Biotechnology $201 CTrip.com International Ltd. China Travel & Leisure $172 Ascendis Pharma A/S Denmark Pharmaceuticals, Biotechnology $155 Global DR Capital Raisings (cont.) *Signifies Citi DR program capital raising. 1 Defined as capital raising at the time of listing of additional DR securities including rights offerings and private placements. Data as of December 31, 2017. 2 Industry as defined by Bloomberg. 3 Aggregate value of two (2) follow-on capital raisings: $231.7MM, $4.5MM (September 8, 2017). 4 Aggregate value of two (2) follow-on capital raisings: $110MM (November 15, 2017), $107.8MM (March 21, 2017). 5 Aggregate value of two (2) follow-on capital raisings: $65.9MM (March 27, 2017), $42MM (April 10, 2017). Source: Bloomberg and Depositary Data Interchange. 16