Year-End 2018 Report

DR ACCESS PRODUCTS ABOUT CITI DEPOSITARY RECEIPT SERVICES INTERNATIONAL INVESTING TRENDS REGIONAL TRENDS GLOBAL DR TRENDS DR IPOs (in USD Millions) 1 DR Follow-On Offerings (in USD Millions) 1,2 Global DR Capital Raisings by Industry INDUSTRY 2018 VALUE Internet $6,401 Software $2,938 Mining $2,219 Diversified Finan Serv $1,782 Building Materials $1,566 Biotechnology $1,557 Auto Manufacturers $1,065 Commercial Services $999 Transportation $518 Semiconductors $469 INDUSTRY 2018 VALUE Banks $4,202 Biotechnology $2,487 Pharmaceuticals $2,305 Airlines $640 Internet $635 Telecommunications $554 Software $447 Lodging $337 Commercial Services $302 Electronics $236 2 Defined as capital raising at the time of listing of additional DR securities including rights offerings and private placements. 19 Citi Depositary Receipt Services Year-End 2018 Report