Citi’s Agency and Trust Appointed Agent for Century Tokyo Leasing Corporation’s CNY 200 Million RMB Eurobond

Hong Kong, Tokyo, London and New York - May 17, 2011 – Citi’s Agency and Trust business, part of the Global Transaction Services division, has been appointed as fiscal agent, paying agent, calculation agent and common depositary for Century Tokyo Leasing Corporation’s CNY 200 million RMB Eurobond.

Representing one of the first true RMB Eurobonds to be issued, the notes will be both denominated and settled in RMB and cleared through the International Central Securities Depositories (ICSD). Net proceeds will be used by the Issuer to make a loan to its subsidiary located in China. This is the first time a Japanese company has won approval to bring the proceeds from such an offering into mainland China.

“Citi congratulates Century Tokyo Leasing Corporation on its successful transaction, marking yet another important development in the offshore RMB bond market,” said David Russell, Managing Director, Regional Head, Asia Pacific, Securities and Funds Services, Citi. “This transaction highlights Citi’s continued leadership in the growing offshore RMB market and the ability to utilize its unmatched network to devise seamless multi-jurisdictional solutions for our clients.”

As fiscal agent, paying agent, calculation agent and common depositary Citi will facilitate issuance and the ongoing administration of the bond, including servicing all principal and interest payments for the life of the transaction.

Due to the highly regulated nature of RMB and use of the ICSD, the transaction required Citi to employ a multi-jurisdictional solution to settle both the securities and proceeds associated with the issue. Utilizing its leading network, Citi leveraged operational hubs in London and Hong Kong to support the transaction.

In addition to bond administration, Citi’s Agency and Trust business offers a full suite of products to support offshore RMB transactions. Covering RMB bonds, loans, escrows and structured finance transactions, these new capabilities allow Citi’s clients to access the growing RMB market both in Hong Kong and internationally.

Citi’s Agency and Trust provides innovative banking solutions to financial institutions, corporate clients and public sector entities. Spanning a network of over 100 countries, the business offers a full range of agency, fiduciary, tender and exchange, depository and escrow services, administering over US$4 trillion in fixed income and equity securities on behalf of 2,800 clients.

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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.

About Global Transaction Services
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 fourth quarter of 2010, it held $353 billion in liability balances and $12.6 trillion in assets under custody.

About Issuer Services
Through its Securities and Fund Services business, Citi offers issuers of debt and equity, globally consistent capabilities, and local expertise, backed by over 100 years of serving clients in markets across the globe. As a result, Citi is able to deliver specialized solutions for complex capital market transactions across more than 70 countries.