Year-End 2018 Report

Global DR Capital Raisings GLOBAL EMEA -18 Total Capital Raisings $18.4B Total Capital Raisings $3.7B DR Capital Raisings Highlights • Total DR capital raised up 18% versus 2017 • DR IPO capital raisings up 31% to $12.2 billion in 2018 • DR follow-on capital raising down 1% to $6.2 billion in 2018 • $16.4 billion in ADR capital raised • $2.0 billion in GDR capital raised • 35 issuers completed IPOs by way of the JOBS Act 73 29 Year-over-Year Change # of Capital Raisings Year-over-Year Change Year-over-Year Change # of Capital Raisings Year-over-Year Change The JOBS Act of 2012: The Jumpstart Our Business Startups Act (JOBS Act) was enacted by the U.S. Congress in 2012 to encourage more companies, including non-U.S. companies, to raise capital through initial public offerings and list in the U.S. 18 12 4 12