Research Weekly Snapshot

Research evidence excerpt

Research Weekly Snapshot

Citi Research

The product is made available in the Kingdom of Saudi Arabia in accordance with Saudi laws through Citigroup Saudi Arabia, which is regulated by the

Capital Market Authority (CMA) under CMA license (17184-31). 2239 Al Urubah Rd – Al Olaya Dist. Unit No. 18, Riyadh 12214 – 9597, Kingdom Of Saudi

Arabia.

The Product is made available in Korea by Citigroup Global Markets Korea Securities Ltd. (CGMK), which is regulated by the Financial Services

Commission, the Financial Supervisory Service and the Korea Financial Investment Association (KOFIA). The address of CGMK is Citibank Center, 50

Saemunan-ro, Jongno-gu, Seoul 03184, Korea. KOFIA makes available registration information of research analysts on its website. Please visit the

following website if you wish to find KOFIA registration information on research analysts of

CGMK. http://dis.kofia.or.kr/websquare/index.jsp?w2xPath=/wq/fundMgr/DISFundMgrAnalystList.xml&divisionId=MDIS03002002000000&serviceI

d=SDIS03002002000. The Product is made available in Korea by Citibank Korea Inc., which is regulated by the Financial Services Commission and the

Financial Supervisory Service. Address is Citibank Center, 50 Saemunan-ro, Jongno-gu, Seoul 03184, Korea. This research report is intended to be

provided only to Professional Investors as defined in the Financial Investment Services and Capital Market Act and its Enforcement Decree in Korea.

The Product is made available in Malaysia by Citigroup Global Markets Malaysia Sdn Bhd (Registration No. 199801004692 (460819-D)) (“CGMM”) to its

clients and CGMM takes responsibility for its contents as regards CGMM’s clients. CGMM is regulated by the Securities Commission Malaysia. Please