DR Year End Report

Most Liquid DR Exchanges DR Trading Value 1 DR Trading Volume 1 NYSE NASDAQ LSE OTC 6 % 2 % 24 % 68 % NYSE NASDAQ LSE OTC 7 % 3 % 18 % 72 % Total DR Value: $3.5T Total DR Volume: 162.2B DRs Traded DR Liquidity Highlights Trading Value • Down 18% from 2018 due to decreases in DR trading value on NYSE • 55% of total from Asia-Pacific • 32% of total from EMEA • 12% of total from LATAM Trading Volume • Flat from 2018 with increases in DR trading volume on NYSE offset by decreases in DR trading volume in LSE, NASDAQ, and OTC • 37% of total from Asia-Pacific • 37% of total from EMEA • 26% of total from LATAM Global DR Liquidity (cont.) 10