Citi today announces its Treasury and Trade Solutions business was voted the #1 Cash Management Bank globally for the seventh time in Euromoney's annual cash management poll. In addition to capturing the top spot in the global poll, Citi also took top honors with 8 regional awards and 16 country awards as voted for by its Corporate and Financial Institutional clients.

"Our ambition, first and foremost, is to delight our clients with our services and solutions," said Francesco Vanni d'Archirafi, Global Head of Citi's Treasury and Trade Solutions. "The Euromoney poll provides a significant opportunity for our clients to tell us how we're doing relative to our peers. This win underscores the work being done each day to keep clients at the center of all we do."

"We win when our clients win," added Vanni d'Archirafi. "We deliver innovative cash management solutions, global connectivity and critical information to give our clients the visibility and transparency necessary to enable their treasurers to become change engines. This means open architecture, industrial scale and globally consistent platforms, excellent service, real-time information and the analytical framework to allow them to act on timely advice before cut-off times. Our capabilities enable our clients to administer their business and treasury functions consistently in over 100 countries in which our people serve on the ground."

This year, 6,328 cash managers, treasurers and financial officers were polled from around the world, up from 3,801 in 2007. According to the editors of Euromoney, the increase in participation "shows that corporate treasuries are increasingly aware of the efficiency gains that can be made through streamlined cash management and are eager to learn about the state of the market given the momentous changes that the industry has seen (SEPA, MIFID, etc.) and the current emphasis on liquidity post sub-prime."

Corporates

Citi ranked #1 in eight regions covered in the poll, including:

• Africa
• Asia (excluding Japan)
• Central America and the Caribbean
• Central and Eastern Europe
• Japan
• Middle East
• North America
• South America

Citi was also voted Lead Domestic Cash Management Bank in 16 countries:

• Argentina
• Australia
• Brazil
• Colombia
• Egypt
• Kenya
• Mexico
• Nigeria
• Pakistan
• Philippines
• Singapore
• South Korea
• Spain
• Thailand
• Turkey
• Vietnam

Financial Institutions

In addition to making Citi the #1 Global USD, EUR and YEN clearing bank, financial institution clients cast their votes to make Citi a top-ranking regional winner:

• Best USD bank in North America, Latin America, Europe, Middle East, Africa and Asia
• Best EUR bank in Latin America, Middle East, Africa and Asia
• Best YEN bank in North America, Latin America, Europe, Middle East, Africa and Asia

Customer Satisfaction

Citi was also ranked highly by clients in several customer satisfaction categories, including Quality of Performance, Technical Support, Compatibility with Client Systems, Quality of E-Banking Security, COB Capabilities, and Availability of Global Banking Tools.

"Citi is honored to have received the recognition we have from our clients in this year's Euromoney cash management poll. The relationships we have forged and the votes of confidence in us are highly valued," said Batara Sianturi, Citi Country Officer for Hungary. "We pride ourselves on being a client-centric organization, focused on listening to and responding to the needs of our clients."

Citi's Global Transaction Services supports more than 65,000 clients across its global network. As of the second quarter of 2008, it held on average $276 billion in liability balances under administration, and approaching $13 trillion in assets under custody and trust. Citi's Treasury and Trade Solutions division of Global Transaction Services offers integrated cash management and trade solutions to meet the evolving needs of corporate, public sector and financial institution clients in over 140 countries.