DR Year End Report

DR ACCESS PRODUCTS ABOUT CITI DEPOSITARY RECEIPT SERVICES INTERNATIONAL INVESTING TRENDS REGIONAL TRENDS GLOBAL DR TRENDS Top Ten Volume Movers Top Ten Unsponsored DR Programs Issuer Country 2019 Volume (DR Millions) Tencent Holdings Ltd China 861 SoftBank Group Corp Japan 225 Cie Financiere Richemont S.A. Switzerland 101 Nintendo Co Ltd Japan 100 FANUC Corp Japan 69 Auto Trader Group plc UK 66 Ubisoft Entertainment S.A. France 65 Glencore plc Switzerland 64 Daimler AG Germany 64 CaixaBank S.A. Spain 63 Source: Bloomberg and Depositary Data Interchange. Top Ten Volume Movers 1, 2, 3 Volume (DR Millions) Issuer Country 2018 2019 Increase/ (Decrease) 2 Tencent Holdings Ltd China 1,272 861 (411) FANUC Corp Japan 147 69 (78) Auto Trader Group plc UK 114 66 (48) CK Hutchison Holdings Ltd Hong Kong 105 57 (48) Ubisoft Entertainment S.A. France 22 65 43 SoftBank Group Corp Japan 183 225 42 Hennes & Mauritz AB Sweden 60 20 (40) Glencore plc Switzerland 102 64 (37) Turk Telekomunikasyon AS Turkey 35 1 (34) Mitsubishi Estate Co Ltd Japan 35 7 (28) Source: Bloomberg and Depositary Data Interchange. 1 Data as of December 31, 2019. 2 Absolute Change in DR trading volume. 23 Citi Depositary Receipt Services Year-End 2019 Report