Citigroup , the preeminent global financial services company with some 200 million customer accounts in more than 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup’s trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Travelers Life and Annuity.

Citi Expects Substantial Decline in Third Quarter Net Income
New York, NY -- Citigroup Inc. announced today that dislocations in the mortgage-backed securities and credit markets, and deterioration in the consumer credit environment are expected to have an adverse impact on third quarter financial results.  Citi currently estimates that it will report a decline in net income in the range of 60% from the prior-year quarter, subject to finalizing third quarter results.
"Our expected third quarter results are a clear disappointment.  The decline in income was driven primarily by weak performance in fixed income credit market activities, write-downs in leveraged loan commitments, and increases in consumer credit costs," said Charles Prince, Chairman and CEO of Citi.
"Our fixed income trading business has a long history of earnings power and success, as shown in this year's record first half results.  In September, this business performed at more normalized levels and we see this quarter's overall poor trading performance as an aberration.  While we cannot predict market conditions or other unforeseeable events that may affect our businesses, we expect to return to a normal earnings environment in the fourth quarter," said Prince.

Citigroup Declares Dividends
NEW YORK -- The Board of Directors of Citigroup (NYSE: C) has declared a quarterly dividend on the company's common stock of 54 cents per share, payable on August 24, 2007, to stockholders of record on August 6, 2007.
The Board also declared dividends on preferred stock as follows:
-- Series H, payable November 1, 2007, to holders of record on October 15, 2007.  Holders of depositary receipts, each representing one-fifth of a full preferred share, will be paid $.778875 for each receipt held. 
-- Series M, payable November 1, 2007, to holders of record on October 15, 2007.  Holders of depositary receipts, each representing one-fifth of a full preferred share, will be paid $.733 for each receipt held.

CITI TARGETS $50 BILLION OVER 10 YEARS TO ADDRESS GLOBAL CLIMATE CHANGE
Includes Significant Increases in Investment and Financing of Alternative Energy, Clean Technology, and Other Carbon-Emission Reduction Activities
Builds on Existing $10 Billion Climate Change Activities
New York -- Citi today announced that it will direct $50 billion over the next 10 years to address global climate change through investments, financings and related activities to support the commercialization and growth of alternative energy and clean technology among the clients and markets it serves, as well as within its own businesses and operations.
The $50 billion target is a realistic estimate based on market-based activities and transactions with clients as well as energy saving, "green" projects within Citi's own operations.  This target includes nearly $10 billion in activities Citi has already undertaken to address climate change to date, and is the latest example of Citi's ongoing efforts in the broader environmental arena, including investments to control its own environmental footprint, advice to clients on risks and opportunities, and policy engagement.
"With a presence in more than 100 countries, Citi holds a unique position within the global community.  This informs our commitment to bring forward the best solutions for our clients, while also benefiting the people and the communities where we operate," said Charles Prince, Chairman and CEO of Citi.
"One area where we believe we have this opportunity is on environmental and climate issues, which pose a significant challenge to the world, to the global economy, and to clients and require forceful action," Prince said.  "The comprehensive program we are announcing today is not a wish-list, but a realistic, achievable plan that serves a critical global need and responds to an emerging investment opportunity." 

Citi Reports First Quarter 2007 Earnings
New York, NY -- Citigroup Inc. today reported net income for the 2007 first quarter of $5.01 billion, or $1.01 per share.  Results include a previously disclosed charge of $1.38 billion, or $871 million after-tax, related to a structural expense review conducted during the quarter.  Excluding the charge, net income was $5.88 billion, or $1.18 per share.  Return on common equity was 17.1%. 
"We generated strong momentum this quarter, with revenues increasing 15% to a record, driven by growing customer business volumes.  Global consumer deposits were up 12% and global consumer loans grew 11%.  In our international franchises, revenues grew 18%, led by international markets & banking revenue up 20%.  Our revenue growth combined with improving expense management and, after adjusting for certain non-recurring items, we generated positive operating leverage.  Offsetting our improved revenue and expense performance were higher credit costs and a lower level of tax benefits than last year," said Charles Prince, Chairman and Chief Executive Officer of Citi.
"We continued to invest in expanding our distribution and enhancing our technology as we build a broad, strong foundation for future growth.  We also announced the acquisition of Egg, Ltd. in the U.K., the world's largest internet bank, and we launched a tender offer to acquire 100% of Nikko Cordial in Japan, consistent with our effort to drive growth through a balance of organic investment and targeted acquisitions and expand internationally," said Prince
"We achieved these results while completing our structural expense review, which will help us become a leaner, more efficient organization and lower our rate of expense growth.  As we look ahead, our priorities are clear: we will invest to grow and integrate our businesses, take actions to improve efficiency and lower costs, and continue to build momentum across our franchises," said Prince.

April 11, 2007 Citi Announces Actions to Streamline Organization, Reduce Expense Growth and Drive Future Expansion 
Projected Savings of Approximately $2.1 Billion in 2007, Growing to $4.6 Billion in 2009 First Quarter 2007 Pre-Tax Charge of $1.38 Billion
New York – Citi today announced its plan to create a more streamlined organization, reduce expense growth, and drive future expansion. The plan is a result of a structural expense review conducted over the past three months in every business, as well as the previously announced IT optimization program. 
“In December, I charged Bob Druskin and our management team with a simple directive: eliminate organizational, technology, and administrative costs that do not contribute to our ability to efficiently deliver products and services to our clients,” said Charles Prince, Chairman and Chief Executive Officer. “The recommendations that emerged from the structural expense review will improve business integration, as well as our ability to move quickly and seize new growth opportunities.” 
With previously announced information technology savings, the structural expense review is expected to generate total expense savings of approximately $2.1 billion in 2007, $3.7 billion in 2008, and $4.6 billion in 2009. The company will record a charge of $1.38 billion pre-tax, $871 million after-tax, in the first quarter of 2007, and additional charges totaling approximately $200 million pre-tax over the subsequent quarters of 2007. 

April 09, 2007 Citi Announces Acquisition of Bank of Overseas Chinese 
Transaction Adds More Than One Million Clients and Expands Citi's Branch Network Six-fold in Taiwan 
Taipei -- Citi announced today it had received approval from the board of directors of Bank of Overseas Chinese (BOOC) to proceed with the acquisition of 100% of the Taiwan bank for approximately NTD 14.1 billion (US$427.3 million), via a cash-out merger, at a price of NTD 11.80 (US$0.36) per share in cash, subject to certain closing adjustments.  The transaction is expected to be accretive in its first year. 
A group of major shareholders, including Polaris Securities Co., Ltd., Far Glory Life Insurance Co., Ltd. and APEX International Financial Engineering Research & Technology Co., Ltd., has agreed to vote in favour of the proposed transaction, in a shareholders' meeting to be held by BOOC.  The operations of Citi Taiwan and BOOC will be combined following the consummation of the merger. 
The combination of Citi Taiwan and BOOC will create a combined business with 66 branches and assets of US$22.8 billion, making it the largest international bank and 13th largest among all domestic Taiwan banks by total assets.