DR Year End Report

Top Most Liquid DR Programs 1 1 Data as of December 31, 2019. DR ACCESS PRODUCTS ABOUT CITI DEPOSITARY RECEIPT SERVICES INTERNATIONAL INVESTING TRENDS REGIONAL TRENDS GLOBAL DR TRENDS ARGENTINA BRAZIL MEXICO CHILE COLOMBIA PERU 82 % 1 % 1 % 2 % 6 % 8 % DR Trading Volume 1 Total DR Trading Volume: 42.6B Source: Bloomberg. Issuer Country Exchange 2019 Volume (DR Millions) Petroleo Brasileiro S.A. Brazil NYSE 8,385 Ambev S.A. Brazil NYSE 6,581 Vale S.A. Brazil NYSE 5,612 Itau Unibanco Holding S.A. Brazil NYSE 4,834 Banco Bradesco S.A. Brazil NYSE 3,805 33 Citi Depositary Receipt Services Year-End 2019 Report