Year-End 2018 Report

Top Most Liquid DR Programs 1 1 Data as of December 31, 2018. DR ACCESS PRODUCTS ABOUT CITI DEPOSITARY RECEIPT SERVICES INTERNATIONAL INVESTING TRENDS REGIONAL TRENDS GLOBAL DR TRENDS ARGENTINA BRAZIL MEXICO CHILE PERU OTHER COLOMBIA 83 % 1 % < 1 % 1 % 2 % 4 % 9 % DR Trading Volume 1 Total DR Trading Volume: 45.3B Source: Bloomberg. Issuer Country Exchange 2018 Volume (DR Millions) Petroleo Brasileiro SA Brazil NYSE 8,385.1 Ambev SA Brazil NYSE 6,581.2 Vale SA Brazil NYSE 5,612.2 Itau Unibanco Holding SA Brazil NYSE 4,833.8 Banco Bradesco SA Brazil NYSE 3,170.9 33 Citi Depositary Receipt Services Year-End 2018 Report