Citibank Rt., a member of Citigroup, in conjunction with Shell Hungary Rt, today announced the launch of the Shell-Citibank co-brand credit card, which offers cardholders a considerable credit line with up to 46 days interest free credit, without having to open a current account with the bank. The Shell-Citibank co-brand credit card grants further value to cardholders by giving them SMART reward points based on spending activity.

The cards can be used at more than 25,000 outlets in Hungary and more than 15 million outlets around the world displaying the MasterCard logo.

Zdenek Turek, Citigroup Country Officer for Citibank Rt., said, "At Citibank, we always look at innovative ways to add value and convenience to our customers and improve their financial requirements. The Shell-Citibank co-brand credit card leverages the strength of both organizations to bring unique benefits to our common customers. This co-operation will merge the values of the two most successful products in their category. Customers will enjoy the convenience and financial flexibility of our credit card and will benefit from the rewards of the very successful SMART Program."

The Shell-Citibank credit card can be issued to customers who meet the standard application criteria of Citibank Rt. (full loan charge indicator, FLCI: 41.75%) Customers can submit their application at any branch, sales center or call CitiPhone Banking telephone customer service at 06-40-248424, or SMART customer service at 06-1-436-3500 for information.

Besides the existing credit card related services, such as Credit Shield, Travel Pack and Citibank Online internet banking services, the Shell-Citibank co-brand credit card offers customers the chance to collect SMART reward points which can be redeemed for more than 500 SMART gifts.

Balázs Erényi, General Manager Retail Sales for Shell Hungary Rt. said: "What is really new and different about this credit card is the rewards program that is being launched in Hungary for the first time on a classical credit card. This rewards program will give our SMART cardholders major value by giving them reward points based on spending activity. These points can then be redeemed for different products and services in SMART Point Centers, in our partners' outlets and on Shell sites."

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.