Citibank Zrt., a member of Citi today announced expansion of its investment product range with distribution of Allianz Global Investors Europe's (AGI Europe) four offshore mutual funds. These investment products are now exclusively available through Citibank and customers can now select from 35 different offshore mutual funds in addition to the 20 local funds.

"Citibank already offers our customers a wide range of investment products and we remain committed to further developing our wealth management proposition to offer the best long-term solutions for our customers." - said Mr. Batara Sianturi Consumer Business Manager for Citibank Zrt. "The introduction of Allianz Global Investors Europe Funds shows how we are in a position to leverage on our global strengths, strong business positioning and the broadest product offering for the benefit of our customers in Hungary."

With EUR 1,283 billion assets under management, AGI Europe is among the world's top five asset managers, thus distribution of the new funds will allow customers to gain even more access to the top fund managers in the world. AGI Europe's Funds portfolios are highly diversified so investors may benefit from the best opportunities across markets.

The four new mutual funds are the following:

• Allianz RCM Global Emerging Markets EUR: The fund concentrates on the stocks of companies domiciled in the emerging markets or that have significant business operations there.
• Allianz RCM US Equity EUR: The fund concentrates on the stocks of companies domiciled in the U.S.A.
• Allianz RCM Euroland Equity Growth Fund EUR: The fund primarily invests in Eurozone equity markets. Fund management focuses on securities it considers to have growth potential that is not fully taken into consideration in the price of the security.
• Allianz RCM Europe Equity Growth Fund EUR: The fund primarily invests in European equity markets. Fund management focuses on securities it considers to have growth potential that is not fully taken into consideration in the price of the security.

The minimum investment amount required is EUR 2,000 and Citibank Zrt. applies a transparent fee structure. The mutual funds are available through Citibank Zrt.' 23-branch network and after conclusion of the Master Agreement on Investment Services through CitiPhone Banking telephone customer service.

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For more details, please read the Business Conditions Regarding Investment Services of Citibank Zrt. and its Fee Schedule supplement and the Prospectus of the Mutual Funds. All four funds are registered with the Hungarian Financial Supervisory Authority (PSZAF). The Investment Products are subject to investment risks. Investment products are not bank deposits, are not government insured, and are not an obligation of nor they are guaranteed by Citibank/Citigroup or its other affiliates. Citibank Zrt. H-1051 Budapest Szabadság tér 7, Cg. 01-10-041029, Metropolitan Court acting as Court of Registration, PSZÁF III/41.048-9/2002, 20th December, 2002, a member of the Budapest Stock Exchange. www.citibank.hu

Media Contact:

Eva Hencz, Vice President, Public Affairs Officer, Citibank Zrt.
Tel: +36 1 374-5307, Mobile: +36 30 250-7473, Fax: +36 1 374-5378

About Citi
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Major brand names under the trademark red arc include: Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.