New investment products from Citibank for high returns with high protection

Athens, September 22, 2006

Citibank presents 4 new products for investors who prefer to secure 100% capital protection in combination with potential high return. The new products offer various different investment opportunities:

The criteria for the category Best Consumer Internet Bank included:

• in gold with Gold Barrier Note
• in foreign exchange markets with Triple Range Note II
• in the 25 best global equities with Citigroup S&P Global STARS Index Callable Note II
• in the Japanese equity market with DB Platinum III Nikkei 225 Index Protected Fund II

Gold Barrier Note Structured Notes in EUR and USD have 18th months tenor. They invest in the potential increase of the price of Gold, while the issuer Lehman Brothers Treasury Co. B.V. offers 100% capital protection to the investor at maturity. Its return may reach up to 19.99% (for the total tenor of the investment) provided that the price of Gold, as defined by the Association of the Gold and Silver Market of London, increases up to 19.99% from the Initial Strike Price. It is worth mentioning that Gold is still perceived as a secure investment refuge especially in cases of economic changes and global turmoil.

Triple Range Note II in EUR and USD address customers who wish to have an exposure to the Foreign Exchange Market and want to take a view regarding the volatility of EUR/USD. They have 18th months tenor and offer the investor 100% capital protection at maturity through the issuer Deutsche Bank AG Frankfurt. Their return may reach up to 15% for the investment in EUR and up to 20% for the investment in USD (for the total investment tenor), depending on the movement of the EUR/USD exchange rate between its Initial and its Final Strike Price, taking also into account the EUR/USD intraday spot rate (continuous observations).

The new Citigroup S&P Global Stars Index Note II in EUR and USD invest in the index that comprises the 25 most competitive international equities, while at the same time the issuer, Citibank International plc., provides 100% capital protection at maturity. They have a tenor of 3 years and are addressed to those who want to grow their capital and revenue at a potentially faster pace.

The above-mentioned investment products are available until 28th September and have a minimum investment of €50,000 or US$66,000.

Finally, Citibank is launching the next series of DB Platinum III Nikkei 225 Index Protected Funds for those who would like to benefit from the positive outlook regarding the future performance of the Japanese economy. The new product has a number of characteristics and benefits: participation in the Japanese equity market, 100% capital protection at maturity, minimum investment capital of only 3,000€/$ US,  and tax-free returns without long-term commitment of capital. With 18 months tenor the product is available until 30th October 2006 and offers potentially highest performance than time deposits.