Citi DR Mid-Year 2018 Report

Most Liquid DR Exchanges DR Trading Value 1 DR Trading Volume 1 NYSE NASDAQ LSE OTC 3 % 5 % 26 % 66 % NYSE NASDAQ LSE OTC 6 % 7 % 17 % 70 % Total DR Value: $2,200.6bn Total DR Volume: 75.0bn DRs Traded DR Liquidity Highlights Trading Value • Up 44% from 1st half of 2017 primarily due to increases in DR trading value on NYSE and NASDAQ • 57% of total from Asia-Pacific • 32% of total from EMEA • 11% of total from LATAM Trading Volume • Up 4% from the 1st half of 2017 primarily due to increases in DR trading volume on NASDAQ • 39% of total from EMEA • 28% of total from LATAM • 33% of total from Asia-Pacific Global DR Liquidity (cont.) 10