Citibank Rt., a member of Citigroup, today announced an extention to its investment products portfolio with the distribution of four Budapest Alapkezelo Rt. mutual funds through its 17-branch network and CitiPhone telephone banking service.

Zdenek Turek, Citigroup Country Officer for Citibank Rt. said, "Distribution of the four Budapest mutal funds is a further step in achieving our ultimate goal: providing a wide range of investment opportunities to our customers who are becoming more conscious about managing their investments from a longer term perspective. At the same time, customers are looking for new and more sophisticated investment opportunities."

The four Budapest Alapkezelo Rt. mutual funds are:

• Budapest Bonitas Fund (invests mainly in treasury bills)
• Budapest (I) Government Bond Fund (invests mainly in short-term Hungarian government bonds and treasury bills)
• Budapest (II) Bond Fund (invests mainly in Hungarian and Central-Eastern European government bonds)
• Budapest Equities Growth Fund (invests mainly in Hungarian and Central-Eastern European equities)

The minimum investment amount required is HUF 1 million and Citibank Rt. applies a transparent and competitive fee structure.

All views expressed in this document are as of the date of this document and are subject to change. They do not constitute and should not be taken as investment advice of recommendations.

• In the absence of any contrary provision in the bid documentation relating to the given security, the investments cannot be regarded as deposits or other similar commitments on the part of Citibank N.A., Citicorp or any other interests thereof, of government agencies or insurance companies (not including the investments covered by the Investment Protection Fund), these persons assume no guarantee in respect of them and they are not otherwise insured. Citibank's General Business Conditions Regarding Investment Service Activities issued on the subject-matter of investment services provide detailed information on the investments covered by the Investment Protection Fund.
• The value of the securities and the income from them may fall as compared to the date of the investment, which means that the investments are exposed to risks which may include the potential loss of the amounts of capital invested or a part thereof.
• Certain securities and the underlying instruments may be less liquid and more volatile. Delays in the system performing settlement could result in the failure of the performance of sequential Transactions.
• Citibank shall not be responsible for the payment obligations (including the payment of capital, interest, taxes and other public debts) based on Securities not issued by it or any acts related to the securities (except for the obligations set out in the Frame Agreement on Account Keeping and Investment Services).
• The Customer shall, with respect to the securities, rely exclusively on the information published in the prospectus or the preliminary prospectus and for the accuracy of this information the liability shall be taken by the issuer of the security, the distributor signing the prospectus or preliminary prospectus or, in case of bonds, any third person guaranteeing the payment of the nominal value (plus interest, if any)

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.