DR Year End Report

Global DR Liquidity by Industry DR Trading Value (in USD Billions) 1 INDUSTRY 2019 VALUE CHANGE VS. 2018 Internet $1,279 -25% Oil & Gas $312 -18% Pharmaceuticals $263 -2% Banks $248 -7% Software $157 -5% Telecommunications $146 -8% Semiconductors $143 -15% Mining $120 -29% Iron/Steel $107 -14% Beverages $106 -6% DR Trading Volume (in Billions) 1 INDUSTRY 2019 VOLUME CHANGE VS. 2018 Banks 24 -5% Internet 24 -6% Telecommunications 15 14% Oil & Gas 14 -22% Iron/Steel 10 1% Pharmaceuticals 10 22% Auto Manufacturers 9 235% Beverages 8 3% Mining 8 -28% Software 5 19% Global DR Trends by Sector 1 Represents the top ten industries as defined by Bloomberg. 18