Budapest, Hungary, August 29, 2002 - Citibank Hungary, a member of Citigroup, today announced that 50,000 Hungarians now carry the Westel - Citibank co-branded VISA credit card.

The card has proved popular among customers because of the ease of applying and the impressive features including automatic mobile phone bill payment from the credit card. Only those individual post-paid customers of Westel, who are members of the Westel 'Gold' reward program, can apply for the credit card.

Applications can be made at Citibank branches where approved customers qualify for 25 percent discounted annual fee in the first year.

Citibank, the world's number one credit card issuer with more than 100 million credit card holders around the world, focuses on competitive advantages to ensure that customers understand the difference between a debit and credit card.

Using a credit card, customers can buy a high value item, without having to save up in advance, the cost of which they can pay back later. Customers can get a credit limit which can be three times their net monthly income. In case of the Westel-Citibank co-branded VISA credit card, the credit limit is based on their previous mobile phone bills. Credit card holders can enjoy up to 46 days of free credit on their purchases. With a credit card, customers use their credit limit instead of their own money when buying items with their card.

Zdenek Turek, Country Corporate Officer for Citibank Rt. said: "Our relationship with Westel is an excellent example of the great achievements a long-term strategic alliance can bring. We are very satisfied with the results and look forward to expanding and strengthening our partnership with Westel."

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.