Process for issuing a GDR 144A

1
Process for issuing a GDR (144A)
(3) Delivers DRs to DTC on receipt of 1 2
Bankers Trust
DTC
(1) Certification letter asking BT to issue DRs
Investor/Broker Institutional Holder
(3) Informs Custodian to increase global
certificate
(2) Confirms receipt of shares to BT
Custodian for Global Certificate
(1) Deposits shares using local agent
Local Custodian