Fortescue depository receipts “DRs” commenced trading on the OTC QX market in March 2012. The transition to the QX platform followed several years where Fortescue DRs traded via the pink sheets as a number of US brokers made a market for investors wishing to buy Fortescue shares as a US denominated security. The upgrading to the QX platform has provided much greater awareness and company information flows which will further enhance the liquidity and accessibility of Fortescue DRs to US investors. The conversion ratio under the DR program is 2 Fortescue ASX listed ordinary shares to 1 DR. The depositary bank for the program is Citigroup.