Service Now Available in Twelve Languages and 81 Countries

Citibank Hungary, a unit of Citigroup, the preeminent global financial services company, today announced the launch of CitiDirect Online Banking for its corporate customers. CitiDirect is available in 81 countries and in twelve languages, including Hungarian, Czech, Romanian and Polish. More than 3,500 customers and 12,000 users around the world use CitiDirect, with new customers being added daily.

CitiDirect Online Banking is Citibank's web-based delivery platform that offers seamless and secure global access to an expanding array of corporate banking services through a single window, allowing customers to be more efficient, more flexible, and more in control of their banking transactions.

Jorge Bermudez, Executive Vice President and Head of Citibank e-Business said, "Whether or not companies are already transacting business on the Web they can take advantage of Internet technology and get an enhanced banking experience through CitiDirect."

Mark T. Robinson, Country Corporate Officer for Citibank Hungary said, "Citibank is a leading provider of Cash Management and Trade Services in Hungary and Eastern Europe at large. CitiDirect is especially important for treasury centers of multinational corporations and banks, whose branches and subsidiaries are serviced by Citibank in Hungary and around the world. CitiDirect adds an Internet banking facility for these companies, allowing them to put all their banking functions in one place and control cash flows and liquidity of their company network in different countries and regions by accessing CitiDirect through the Internet."

Laszlo Jakab, e-Business Head for Citibank Hungary said, "CitiDirect enables customers in Hungary and the world at large to access real time information reporting and make transactions through the Web. Companies can track and monitor transactions, view account balances in detail, make online inquiries, as well as make online transactions. Using their own customized selection criteria, customers can retrieve reports easily and reliably, including intra-day, real-time status of their accounts. With CitiDirect, Citibank is building the infrastructure that will also serve as a foundation for many of the value-added services that the bank is developing on the Internet."

Additional information about CitiDirect Online Banking may be found at: www.citidirect-online.com.

About Citibank e-Business

Citibank e-Business provides e-solutions that empower corporations and financial institutions globally to connect to the Web, transform their business using Internet-related technologies and extend their reach to new markets. Our e-solutions support our customers as they integrate their Internet-based exchanges, software solutions, logistics, and financial services with existing, end-to-end, liquidity management, investment, cash management and trade finance processes.

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About Citigroup
Citigroup (NYSE: C), 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. Additional information may be found at: www.citigroup.com.

About Junior Achievement Hungary
Junior Achievement Hungary (JAM) is a licensed franchise of Junior Achievement International. The foundation has been running its programs in Hungary since 1992. Eleven separate programs targeted from kindergartens to high schools are currently being offered to 26,000 students in 86 cities and villages across Hungary. The mission of JAM is to provide students with the opportunity to learn about the business environment and free market economy through a dynamic partnership between businesses and schools. By attending these programs, students acquire knowledge and essential skills that will help them become educated consumers, more productive employees and more responsible members of the business community.