Citi Wins Mandate to Provide Securities Lending Services for Global X Funds Exchange Traded Funds

New York - November 29, 2010 – Citi today announced that it has won a mandate to provide third-party securities lending services for Global X Funds’ family of exchange traded funds.

"Citi provided the right combination of leading expertise, risk management capabilities and flexibility to tailor its securities lending program to the specific characteristics and requirements of Global X Funds" says Bruno Del Ama, CEO, Global X Funds. "The global reach of Citi’s transaction services business is a great complement to our global asset management business."

Added Neeraj Sahai, Global Head, Securities and Fund Services, Citi: "We greatly look forward to strengthening our relationship with Global X Funds by leveraging our capabilities both across Securities and Fund Services and across the entire Citi enterprise."

Through OpenLendSM, Citi provides securities lenders boutique service to enhance their portfolio performance by delivering an open architecture that provides access to Agency, Third-Party, Hybrid and Exclusives lending by leveraging Citi’s key strengths: unsurpassed global branch network, flexibility, innovation, dynamic reporting, risk management and real-time controls.

Citi currently partners with ETF asset managers around the globe offering solutions focused on trading, clearing, securities finance, custody, back and middle office solutions and has made recent efforts to expand our depth of services from North America to the Asia Pacific region. In addition, Citi can tailor a securities lending program for ETF asset managers that leverages its agency, principal and ETF trading capabilities.

Through its Securities and Fund Services business, Citi’s industry-focused experts provide investors worldwide with tailored solutions delivered through proven global platforms that feature modular, open architecture. With $12.4 trillion of assets under custody and the industry’s largest proprietary network, 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 third quarter of 2010, it held on average $340 billion in liability balances and $12.4 trillion in assets under custody.

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About Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. 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.