DR Year End Report

Global DR Capital Raisings GLOBAL EMEA 11 Total Capital Raisings $17.2B Total Capital Raisings $4.1B DR Capital Raisings Highlights • Total DR capital raised down 6% to $17.2 billion versus 2018 • Total DR IPO capital raisings down 41% to $7.2 billion in 2019 • Total number of DR IPOs down 14% to 37 in 2019 • DR follow-on capital raising up 62% to $10.0 billion in 2019 • $15.0 billion in ADR capital raised • $2.2 billion in GDR capital raised • 33 issuers completed IPOs by way of the JOBS Act 76 29 Year-over-Year Change # of Capital Raisings Year-over-Year Change Year-over-Year Change # of Capital Raisings Year-over-Year Change The JOBS Act of 2012: The Jumpstart Our Business Startups Act (JOBS Act) was enacted by the U.S. Congress in 2012 to encourage more companies, including non-U.S. companies, to raise capital through initial public offerings and list in the U.S. -6 4 — 12