Year-End 2018 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 2018 Volume (DR Millions) Tencent Holdings Ltd China 1,272.5 FANUC Corp Japan 146.6 Auto Trader Group plc UK 114.0 CK Hutchison Holdings Ltd Hong Kong 104.7 Glencore plc Switzerland 101.6 Nintendo Co Ltd Japan 98.0 Cie Financiere Richemont SA Switzerland 96.6 SoftBank Group Corp Japan 91.3 Daimler AG Germany 78.3 CaixaBank SA Spain 73.8 Source: Bloomberg and Depositary Data Interchange. Top Ten Volume Movers 1, 2, 3 Volume (DR Millions) Issuer Country 2017 2018 Increase/ (Decrease) 2 Tencent Holdings Ltd China 436 1,272 836 FANUC Corp Japan 45 147 102 Auto Trader Group plc UK 15 114 99 Glencore plc Switzerland 39 102 63 CK Hutchison Holdings Ltd Hong Kong 54 105 50 Daimler AG Germany 33 78 46 UniCredit SpA Italy 5 50 45 Cie Financiere Richemont SA Switzerland 56 97 41 Cie de Saint-Gobain France 9 48 39 Mazda Motor Corp Japan 51 18 (34) Source: Bloomberg and Depositary Data Interchange. 1 Data as of December 31, 2018. 2 Absolute Change in DR trading volume. 23 Citi Depositary Receipt Services Year-End 2018 Report