Citigroup Highlights Commercial Card Options Available to Businesses

Citigroup Sponsors BTW Spotlight Event; Products Are Highly Commended in BTW Awards

London, 10 February 2005 – Citigroup Global Transaction Services, the business division responsible for the company’s commercial cards offerings, has demonstrated its ongoing commitment to showing organisations that it is the choice of company commercial card providers. With this in mind, the company has made a significant investment in sponsoring the Business Travel World Spotlight Event at the end of February.

This Spotlight Event is aimed at key decision makers in the field of corporate travel and is highly regarded as the place for them to meet peers, suppliers and partners. Details of the event, to be held on 23rd and 24th February 2005, can be found at http://www.btwspotlight.com.

In addition, Citibank Commercial Cards received a Highly Commended mention in the Expense Management Process category at the BTW Awards. Its "Combipay" functionality impressed the judges with its ability to allow all individual cardholder charges that have been approved through the expense management system to be paid centrally by the company. Details of the mention that be found at http://www.btwawards.com/winners05.asp.

This ongoing activity by Citigroup is designed to reach its target customers in multi-national organisations and demonstrate that they do have a choice when it comes to international commercial cards programmes. The company is focusing on highlighting its global reporting and management functionality, as well as its unrivalled acceptance rates across the world.

Citibank has three commercial card products available in Europe: the Corporate Card, which can be used for corporate travel and entertainment expenses; the Purchasing Card, which provides a simplified procurement and payment process for a wide range of goods and services; and the One Card that combines the functionality, features and benefits of the Corporate and Purchasing cards to simplify expense and procurement management.

As a global issuer, Citibank has card programmes in 30 countries worldwide – each issued in local currency and languages and tailored to match local conditions, laws and regulations. Citibank does not rely on local franchises, and manages each programme directly, to ensure efficiency and consistency of service.

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About Citigroup
Citigroup (NYSE: C), the preeminent global financial services company has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Travelers Life and Annuity. Additional information may be found at: www.citigroup.com.

About Citigroup Global Transaction Services
Citigroup Global Transaction Services is a leading provider of integrated cash management, trade finance, securities and fund services and commercial card solutions to corporations, financial institutions and governments around the world. The Citibank® Commercial Cards products – Citibank® Corporate Card, Purchasing Card, One Card and Electronic Account – deliver the industry’s most advanced and innovative Web-based purchasing, payment, expense management and data integration solutions for business-to-business transactions. Citigroup is the largest bankcard issuer in the United States. For more information on Citibank Commercial Cards, please visit www.europe.citimanager.com.

With over US$ 121 billion in average liability balances, more than US$ 7.9 trillion in assets under custody and the largest proprietary branch network, Citigroup’s award-winning operating systems and Internet-based delivery channels enable clients to manage and monitor working capital and investments more efficiently, streamline transaction processing cycles, and re-engineer receivables and payment processes. Citigroup Global Transaction Services provides clients with access to Citigroup’s full range of capabilities and solutions along with an on-the-ground presence and in-depth knowledge of more than 100 local markets. For additional information, see www.transactionservices.citigroup.com.