ADR

An American Depositary Receipt (“ADR”) is a US dollar denominated security which allows US investors to indirectly hold and trade shares on securities market in the United States.

Danone maintains a sponsored Level 1 program of ADRs which are traded over-the-counter through the OTCQX platform under the symbol DANOY; each ADR represents one-fifth of a DANONE share. OTCQX is an information platform representing over 300 international groups and enabling them to access U.S. investors while guaranteeing price transparency.

• Ticker: DANOY
• CUSIP Number: 23636T100
• Exchange: OTC QX 
• Ratio (ADR: ord) : 5:1
• Depositary Bank: J.P. Morgan
• ADR Depositary Bank contact: Dale McComb
      +1 212 552 8944 / DRX_depo@jpmorgan.com