BM&FBOVESPA SELECTS CITIGROUP BRAZIL TO HANDLE TRADING OF BRAZILIAN DEPOSITARY RECEIPTS

New York, Brazil - July 6, 2010 – Citi’s Global Transaction Services today announced that its Brazilian unit has been chosen by BM&FBOVESPA S.A. (BVMF3), the world’s third largest exchange operator by market value, to handle the trading of Brazilian Depository Receipts (BDRs) at the Sao Paulo stock exchange. The BDRs, which will represent a number of major global companies, will be offered to institutions, investment funds, and asset managers in a bid to boost trading volumes.

"With the launch of Unsponsored Level I BDRs, BM&FBOVESPA aims to offer new foreign investment alternatives to the local investors," said Marta Alves, Chief Product Development Officer of BM&FBOVESPA. "This was the first bidding process for the 10 BDR program. This product meets the demand of local investors for access to international assets traded in Brazil. We believe that Citibank, as the bid winner, will contribute greatly to its success in Brazil," she added.

Alan Smith, Global Head of Issuer Services for Citi’s Securities and Fund Services said, "We are delighted to have been appointed by Bovespa to handle the trading of BDRs in Brazil. We are committed to maintaining relevance to local investors as well as globally minded issuers and intermediaries. As a relationship bank that supports clients entering and participating in the investment industry, we view this mandate as a validation of our dedication to deliver innovative, bespoke solutions with superior value to our clients."

Pedro Guerra, Managing Director for Citi’s Global Transaction Services in Brazil said, "Brazil is an important and dynamic market with a healthy capital markets infrastructure, and Citi has the global experience and the local expertise to help generate demand for BDR programs. We are pleased to have been chosen by BM&FBOVESPA, a world-class exchange operator, and we look forward to continuing to help them elevate their global market importance through this newly launched BDR program."

For more information on Citi’s Depositary Receipt Services, visit www.citi.com/dr.

Global Transaction Services, a division of Citi’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, Citi’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 BM&FBOVESPA
BM&FBOVESPA is a Brazilian company, created in 2008, through the integration between the São Paulo Stock Exchange (Bolsa de Valores de São Paulo) and the Brazilian Mercantile & Futures Exchange (Bolsa de Mercadorias e Futuros). It is the most important Brazilian institution to intermediate equity market transactions and the only securities, commodities and futures exchange in Brazil. BM&FBOVESPA further acts as a driver for the Brazilian capital markets. Additional information may be found at www.bovespa.com.br/

About Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through 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.