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Citi Awarded Mandate from Kimmeridge Energy Fund to Provide Private Equity and Cash Administration Services

New York, NY - August 1, 2012 – Citi has been awarded a mandate from Kimmeridge Energy Fund (Kimmeridge) to provide private equity fund and cash administration services. Kimmeridge is a private equity fund based in New York focusing on early-stage unconventional upstream energy investments in the United States.

Citi will support the fund implementation and set-up, along with providing fund administration, accounting, U.S. tax compliance and cash services.

“Citi’s industry knowledge and expertise have been instrumental in supporting the launch of our new private equity fund,” said Noam Lockshin, Vice President, Kimmeridge Energy Fund. “With Citi providing our private equity administration and cash services we can focus more of our time on looking for new investments and serving our investors.”

“We are pleased to support the launch of the Kimmeridge Energy Fund and to deliver the solutions it needs to support the fund’s success,” said Bob Wallace, North America Head of Securities and Fund Services, Citi. “This mandate is further evidence that our clients recognize how our range of investment and banking services helps support them through all phases of their growth and maturity.”

Citi OpenInvestor is the investment services solution for today’s diversified investor, combining specialized expertise, comprehensive capabilities and the power of Citi’s global network to help clients meet performance objectives across asset classes, strategies, and geographies. With a network that spans more than 95 countries, Citi offers award-winning service and scale. Citi provides investment services for institutional, alternative, and wealth managers delivering middle office, fund services, custody, investing and financing solutions focused on clients’ specific challenges, customized to their individual needs.

Citi OpenInvestorsm, Private Equity solutions delivers a full range of administration services to private equity sponsors and investors worldwide. Citi has been administering private equity funds and investor portfolios for more than 18 years and its clients consist of many of the leading sponsors and investors in private equity. Currently, Citi provides services for assets in excess of $172 billion of committed capital, representing approximately 120 clients and more than 1,000 fund entities.

Citi 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 95 countries, Citi’s Transaction Services supports over 65,000 clients. As of the second quarter of 2012, it held on average $396 billion in liability balances and over $12 trillion in assets under custody.

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About Kimmeridge Energy Fund
Kimmeridge Energy is an alternative asset investment manager focused exclusively on the energy sector. The company was founded in 2012 with the aim of leveraging the team’s unique investment and operating experience to deliver superior returns to our investors. Additional information may be found at www.kimmeridgeenergy.com

About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. 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 | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi