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		Citi Pakistan Wins CSR Award 2007

Citi only financial institution to be awarded at the 2nd CSR National Excellence Awards Ceremony

Karachi - Citibank N.A. Pakistan was among the twelve corporations that took home the highly-coveted CSR National Excellence award for outstanding Corporate Social Responsibility. The winners, saluted at an event held last week were lauded for both the execution of successful CSR initiatives and for effectively communicating those efforts to various constituencies.

Winners were awarded under 2 broad categories that included environmental initiatives and community services that took in to account a several factors critical to CSR success, from sustainability to Employee Communications to Community Relations.

Presented by the CSR Association of Pakistan and an NGO Help International Welfare Trust Pakistan, the program seeks to honor corporations that have successfully demonstrated that altruism, philanthropy and employee commitment to “do good” can go a long way towards making an impact on a community, key stakeholders, and a company’s bottom line.

It is a point to be noted that Citibank N.A. was the only Financial Institution to be awarded in its category.

Citi’s CSR portfolio has been impressive- Its work in the development of corporate governance standards and the local microfinance sector particularly via the establishment of the Citi Microentrepreneurship Awards program were key factors that led to the judges’ decision. Also considered were Citi’s philanthropic efforts through its philanthropic arm ‘Citi Foundation’ and its unswerving commitment to fostering and encouraging employee volunteerism.

Speaking at the award presentation, which was attended by senior staff from across several business sectors, the President of the Association S. Arif Ali congratulated Citibank N.A. Pakistan on the consistency of its efforts and highlighted the bank’s impressive record both via its philanthropic arm Citi Foundation and through its structured encouragement of employee volunteerism.

Accepting the award, Mr. Rayomond Kotwal, Chief of Staff, Citibank N.A. Pakistan, said, “At Citigroup, we aspire to be known as a company dedicated to community service, taking a leadership role in every local community around the world in which we operate, and making a positive difference in the communities where we live and work. Since 2002, the Citi Foundation has given more than PKR 160 million (US$ 2.7 million) by way of grants in Pakistan. This is over and above our efforts at volunteering, which have amounted to PKR 420 million (US$ 7 million) for the earthquake alone.”

Notes to the editor:

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. Citi’s major brand names include Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at www.Citi.com or www.citi.com.

About Citi Foundation: The Citigroup Foundation supports organizations that help people improve their lives, businesses to grow, and communities to prosper around the world. The Citigroup Foundation focuses its grants primarily in three areas: financial education, educating the next generation, and building communities and entrepreneurs . Additional information can be found at www.citifoundation.com

Certain statements in this document are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors. More information about these factors is contained in Citi’s filings with the Securities and Exchange Commission.

For further information, kindly contact:

Citi
Aine I. Shah
Public Affairs Officer
Citi, AWT Plaza, I. I. Chundrigar Road
Karachi, Pakistan
Direct: ++9221 2213627
Fax: ++9221 263-8211
Email: aine.imran.shah@Citi.com