Irresponsible statements regarding Lehman products.

Athens, October 6, 2008.

Citibank Greece’s sole concern at the moment is to ensure that our customers are informed and to give appropriate assistance as they navigate the Lehman bankruptcy.

An already difficult situation for our customers has been made even more distressing for them by the irresponsible and inaccurate statements that have been made in various media about Citibank and these products.

1.The filing for bankruptcy protection by Lehman Brothers Holding Inc. is unprecedented. It is not possible to predict the final impact on people holding Lehman Brother products. To do so is irresponsible and not in the best interest of the people who are being hurt by this situation. The situation is evolving and will remain so until Lehman Brothers comes out of Chapter 11.

2.The Structured Notes created by Lehman Brothers were of an excellent rating and guaranteed by one of the most respected banks in the world for over 158 years. They were offered around the world by many respected financial institutions of which nobody had foreseen or expected the filing for Chapter 11 by Lehman Brothers Holding Inc.

3.Today Citibank is taking all possible actions to make sure our customers are well informed of the proceedings and are providing help to make sure they are best established to exercise towards Lehman Brothers in case that would be necessary.

4.We believe that our customers deserve correct and timely information and have the right to know about the issue. Therefore:

• Our customers were immediately contacted by their investment advisors
• Our customers received a letter explaining the issue
• We keep our front-line staff informed of the situation so that they can answer customers questions.
• Citi has contacted Lehman's representatives in the various proceedings that have been instituted since the filing in order to obtain the best possible information as we make decisions regarding this situation and keep our customers informed with timely and accurate information.

Finally we believe that Citi will be stronger when the crisis is over and that currently is seen as part of the solution and not part of the problem.  Citi has raised capital of 49,7 billion dollars. Our stockholders’ equity stands at 136,6 billion dollars and our Tier ! ratio is 8,7% much higher than the required 6%.