CITI TO PROVIDE FULBRIGHT SECURITIES EXECUTION TO CUSTODY SOLUTION

HONG KONG – June 17, 2010 – Citi's Securities and Fund Services, a division of Global Transaction Services, and Citi Global Markets, have been mandated by Fulbright Securities Limited to provide an integrated global execution and custody solution. For Fulbright Securities, Citi now provides a single solution to execute and settle trades globally, combining the strength of both divisions and enhancing operational efficiencies through its network and capabilities.

Under the mandate, Citi will provide Fulbright Securities, a leading Hong Kong-based broker dealer, with Citi® Execution To Custody, a solution developed in partnership with Citi's Securities Fund Services and Citi Global Markets. The solution leverages the existing strengths of Citi, addressing Fulbright Securities' execution, offshore expansion and global custody requirements through a single point.

Citi's Execution to Custody solution combines electronic execution and smart order routing to reach pockets of liquidity and achieve best execution. It uses Citi's Securities and Fund Services' leading custody capabilities to reduce settlement costs, automate the settlement process, and provide full asset servicing post trade.

For the buyside, it improves fund performance by decreasing costs in the middle and back office, while for the sellside, it provides operational efficiency and reduces cost by using Citi Global Markets' network and processing capabilities.

For Fulbright Securities, Citi's Execution to Custody solution will provide the client with a single partner to execute trades globally and a custodian window for all offshore markets across the trade lifecycle. By using Citi's end-to-end execution and settlement solution, Fulbright Securities will have streamlined access to markets outside of Hong Kong without heavy connectivity and infrastructure investment. Through Citi's Execution to Custody solution, Fulbright will have connectivity to CitiConnect® to maximize settlement and CitiDirect® for Securities for reporting.

Mr. Kwok Chun Wai, Chairman, Fulbright Financial Group Limited, said: "Fulbright Securities continues to expand in size and scope. We look forward to partnering with Citi on this important initiative to support the ongoing success of our business in Hong Kong."

Jeffrey Williams, Managing Director, Regional Head of Intermediaries, Global Transaction Services, Asia Pacific, said: "Fulbright Securities and other leading broker dealers in Asia Pacific will continue to look beyond their borders to meet the demands of investor clients. Through Citi's innovative Execution to Custody solution, broker dealer clients can capitalize on our capabilities across the trade lifecycle, enabling growth, reducing costs and mitigating risks."

Alvin Mak, Managing Director, Head of Markets and Banking, Citi Hong Kong, said: "We are delighted that Fulbright Securities has chosen to partner with Citi to complement their expansion plans into key overseas markets. Citi's Execution to Custody platform is another example of our ability to provide an integrated One-Citi solution to the benefit of our financial institutions clients in Hong Kong."

Through its proprietary network in 57 markets, Citi's Securities and Fund Services business provides the clearing and settlement services required by broker dealers, global custodians and industry infrastructures, to support trading and investing activities around the world. Clients can leverage Citi's local market expertise and global reach to extract value across the entire investment value chain.

Global Transaction Services, a division of Citigroup's Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citigroup's Global Transaction Services supports over 65,000 clients. As of the first quarter of 2010, it held on average $319 billion in liability balances and $11.8 trillion in assets under custody.

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About Fulbright Securities Limited
Fulbright Securities Limited, founded in 1999, is a Hong Kong-based financial services provider offering securities trading services to both retail and institutional clients in Hong Kong and China. Fulbright is a participant with trading rights in the Stock Exchange of Hong Kong and offers a fully integrated online trading system to allow their clients to manage orders and personal accounts in a single platform. In addition to its broking services, Fulbright also offers margin financing and initial public offering (IPO) subscription services as well as research with a focus on the Hong Kong and Chinese markets.

About Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through its two operating units, Citicorp and Citi Holdings, Citi provides 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, transaction services, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.