Citi Depositary Receipt Services Year-End 2017 Report

1 Data as of December 31, 2017. 2 Aggregate value of IPO and one (1) follow-on capital raising: $115MM (May 23, 2017), $266MM (December 14, 2017). DR ACCESS PRODUCTS ABOUT CITI DEPOSITARY RECEIPT SERVICES INTERNATIONAL INVESTING TRENDS REGIONAL TRENDS GLOBAL DR TRENDS Top Five Most Liquid DR Programs 1 DR Trading Volume 1 44.9 20 % 20 % 8 % 8 % 8 % 6 % 6 % 5 % 4 % 3 % 12 % SOUTH AFRICA UK RUSSIA LUXEMBOURG SWITZERLAND NETHERLANDS FRANCE FINLAND SPAIN OTHER ISRAEL Total DR Trading Volume: 61.1B Source: Bloomberg. Issuer Country Exchange 2017 Volume (DR Millions) Teva Pharmaceutical Industries Ltd Israel NYSE 4,167.2 Gazprom PJSC Russia LSE 3,506.6 Nokia OYJ Finland NYSE 3,382.0 Sberbank of Russia PJSC Russia LSE 1,942.1 Gold Fields Ltd South Africa NYSE 1,595.9 31 Citi Depositary Receipt Services Year-End 2017 Report