Citi's Depositary Receipt Services: The Quality Provider

Citi began offering American Depositary Receipts in 1928 and continues to be a market leader. Overall, Citi operates over 200 active, sponsored programs with an emphasis on the quality rather than the quantity of our customers, evidenced by a client list of highly regarded blue chip companies.

We are commited to delivering quality by using:

• Market-leading, value-added services
• Superior technology and information provision
• Citi's diverse resources and relationships
• The largest distribution network in the industry

The superior performance of our programs is evidenced by:

• Highest average shares traded per ADR program: 458 million (as of 2009)
• Largest capital raising via GDRs in Asia: Lotte Shopping, $3.0 billion
• Largest capital raising via ADRs in Asia: Taiwan Semiconductor, $2.6 billion
• Second largest capital raising via ADRs in Latin America: Petrobras, $2.05 billion
• Third largest capital raising via ADRs in Europe: Deutsche Telekom, $1.4 billion