Citi Depositary Receipt Services Year-End 2017 Report

DR ACCESS PRODUCTS ABOUT CITI DEPOSITARY RECEIPT SERVICES INTERNATIONAL INVESTING TRENDS REGIONAL TRENDS GLOBAL DR TRENDS Top Ten Volume Movers Top Ten Unsponsored DR Programs Issuer Country 2017 Volume (DR Millions) Tencent Holdings Ltd China 436.3 Nintendo Co Ltd Japan 97.7 Mongolian Mining Corp Mongolia 70.7 CaixaBank SA Spain 64.8 SoftBank Group Corp Japan 59.5 Cie Financiere Richemont SA Switzerland 55.7 Eurobank Ergasias SA Greece 55.3 Enel SpA Italy 54.7 CK Hutchison Holdings Ltd Hong Kong 54.5 Airbus SE France 51.4 Source: Bloomberg and Depositary Data Interchange. Top Ten Volume Movers 1, 2, 3 Volume (DR Millions) Issuer Country 2016 2017 Increase/ (Decrease) 2 Tencent Holdings Ltd China 190 436 247 Cie Financiere Richemont SA Switzerland 129 56 (74) Nintendo Co Ltd Japan 167 98 (69) Glencore PLC Switzerland 71 39 (32) KDDI Corp Japan 53 26 (27) FANUC Corp Japan 70 45 (26) SoftBank Group Corp Japan 35 60 24 Bank Mandiri Persero Tbk PT Indonesia 40 16 (24) Eurobank Ergasias SA Greece 34 55 22 Industria de Diseno Textil SA Spain 17 37 20 Source: Bloomberg and Depositary Data Interchange. 1 Data as of December 31, 2017. 2 Absolute Change in DR trading volume. 23 Citi Depositary Receipt Services Year-End 2017 Report