Statement from Richard Parsons, Lead Director

Richard Parsons, Lead Director for Citi, today issued the following statement: "The Citigroup Board of Directors is committed to strong, independent corporate governance at all times, but especially in the challenging conditions we face today. There has been one announced departure from the Board. Together with other anticipated departures, this gives us the opportunity to reconstitute the Board and we will do so as quickly as possible."

Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi’s major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.