GDN Foreign Exchange Pricing Disclosure

Citibank, N.A. (the “Depositary”) may execute foreign currency transactions related to Global Depositary Notes (“Conversions”) itself or through its affiliates or agents (the “Conversion Providers”) and it may act as principal counterparty and not as agent, advisor, broker or fiduciary for such transactions. The Depositary has no obligation to obtain the most favorable exchange rate, makes no representation that the exchange rate is a favorable rate, and expressly disclaims any liability for any direct or indirect losses associated with the exchange rate. The Depositary, or its Conversion Providers, may earn and retain revenue on executed Conversions based on, among other things, the difference between the exchange rate it assigns to the transaction and the exchange rate that it pays and receives for purchases and sales of currencies when buying or selling foreign currency for its own account. For details on the Depositary’s Conversion methodology for a particular Global Depositary Note, please refer to the master receipt for that Global Depositary Note.