George Awad Joins Citigroup as Chief Executive Officer of Global Consumer Group, Europe, Middle East and Africa

"With more than 20 years of consumer product and financialservices experience in Europe, Asia and the U.S., including 18 yearswith General Electric, George has the right combination of talent andexpertise to help us pursue our ambitious strategies and successfullyrealize our growth objectives in EMEA," said Mr. Banga. "He has provenexperience in building customer-focused businesses and spearheadingsuccessful and highly profitable global expansion efforts, as well asrunning and growing businesses in Western Europe."

"George joins a first-rate team in EMEA, which is a strategicallysignificant market for us and an important and fast-growingcontributor to Citigroup's revenue and earnings," said Mr. Banga."While we have a strong presence in the region, we have significantopportunities to accelerate our growth and are making importantinvestments in customer service, branch expansion, product innovationand technology. Our ambition is to conveniently offer the bestproducts and services in every one of our 28 EMEA markets, andGeorge's expertise in all of these important areas, together with thedeep bench we already possess, will help take our efforts to broadenthe franchise in EMEA to new levels."

In his most recent role, Mr. Awad helped lead GE Money todouble-digit organic growth for seven straight years and drive netincome growth from $700 million in 2000 to over $3 billion in 2005. Hemanaged an expansion effort that led to the addition of more than2,000 branches, oversaw the introduction of hundreds of new products,and was the architect for the launch of the GE Money brand in 36countries. His previous positions at General Electric included generalmanagement, business development and sales roles throughout the U.S.,China, France, Japan, Singapore and the UK.

Mr. Awad holds a BS in civil engineering from the AmericanUniversity of Beirut and an MBA from the University of Pittsburgh,Katz Graduate School of Business.

Citigroup, the leading global financial services company, has some200 million customer accounts and does business in more than 100countries, providing consumers, corporations, governments andinstitutions with a broad range of financial products and services,including consumer banking and credit, corporate and investmentbanking, securities brokerage, and wealth management. Major brandnames under Citigroup's trademark red umbrella include Citibank,CitiFinancial, Primerica, Smith Barney and Banamex. Additionalinformation may be found at www.citigroup.com

Certain statements in this document are "forward-lookingstatements" within the meaning of the Private Securities LitigationReform Act. These statements are based on management's currentexpectations and are subject to uncertainty and changes incircumstances. Actual results may differ materially from thoseincluded in these statements due to a variety of factors. Moreinformation about these factors is contained in Citigroup's filingswith the Securities and Exchange Commission.