Citi DR Mid-Year 2018 Report

DR ACCESS PRODUCTS ABOUT CITI DEPOSITARY RECEIPT SERVICES INTERNATIONAL INVESTING TRENDS GLOBAL DR TRENDS Top 10 Volume Movers Top 10 Unsponsored DR Programs Issuer Country YTD June 2018 Volume (Millions) Tencent Holdings Ltd. China 544.5 Auto Trader Group plc UK 77.3 FANUC Corp Japan 59.1 Nintendo Co Ltd. Japan 53.6 Glencore plc Switzerland 49.1 CK Hutchison Holdings Ltd. Hong Kong 42.6 Hennes & Mauritz AB Sweden 38.7 SoftBank Group Corp Japan 38.4 Cie Financiere Richemont S.A. Switzerland 38.4 Daimler AG Germany 31.2 Source: Bloomberg and Depositary Data Interchange. Top Ten Volume Movers 1, 2, 3 Volume (DR Millions) Issuer Country YTD June 2017 YTD June 2018 Increase/ (Decrease) 2 Tencent Holdings Ltd. China 153.0 544.5 392.0 Auto Trader Group plc UK 2.3 77.3 75.0 FANUC Corp Japan 22.9 59.1 36.2 Glencore plc Switzerland 16.7 49.1 32.3 Astellas Pharma Inc Japan 38.0 11.2 (26.8) Daimler AG Germany 7.4 31.2 23.8 Electricite de France S.A. France 29.9 7.0 (23.0) Mitsubishi Estate Co Ltd. Japan 7.4 28.6 21.2 CK Hutchison Holdings Ltd. Hong Kong 21.9 42.6 20.7 Hennes & Mauritz AB Sweden 20.5 38.7 18.2 Source: Bloomberg and Depositary Data Interchange. 1 Data as of June 30, 2018. 2 Absolute Change in DR trading volume. 21 Citi Depositary Receipt Services Mid-Year 2018 Report