Citi Appointed as Successor Depositary Bank for Iberdrola, S.A.’s ADR Programme

LONDON - Citi Issuer Services, acting through Citibank N.A., has been appointed by Iberdrola, S.A. (“Iberdrola”) to act as successor depositary bank for its sponsored Level 1 American Depositary Receipt (“ADR”) programme.

Iberdrola’s ADR programme trades in the US over-the-counter (OTC) market under the symbol “IBDRY”. Each ADR represents four ordinary shares of the company. Iberdrola’s underlying ordinary shares are listed and trade on the Madrid Stock Exchange under the symbol “IBE SM”.

“I am delighted that Citi has been selected by Iberdrola as successor ADR depositary bank for its sponsored Level 1 ADR programme,” said Dirk Jones, Global Head of Issuer Services at Citi Securities Services. “With Citi’s global presence and investor relations expertise, our platform will help facilitate the continued success of the programme and provide investors with the highest quality ADR services.”

With a focus on enabling the investment process and approximately US$24 trillion in assets under custody and administration, Citi Securities Services goes beyond borders to holistically support securities activity wherever clients need us. Through an integrated suite of Custody, Execution, Fund and Issuer Services, Citi connects and serves clients across the entire investment ecosystem.

Issuer Services is a leading provider of depositary receipt services. With depositary receipt programs in 67 markets, spanning equity and fixed-income products, Issuer Services leverages Citi’s global network to provide cross-border capital market access to issuers, intermediaries, and investors.

For more information on Citi’s Depositary Receipt Services, visit www.citi.com/dr.