Citigroup Appointed Fund Administration Service Provider for AGF Management Limited

Mississauga, Ontario – Citigroup (NYSE: C) Corporate and Investment Banking announced today that it has reached an agreement to provide Transfer Agency, Fund Administration and related services to AGF Management Limited and other fund managers in the Canadian market.

Through the new 10-year relationship, AGF will strengthen its global operational capabilities in support of its development as a leading global fund manager, and Citigroup will gain an immediate leadership position in the Securities Services industry in Canada while building on its existing global expertise in Transfer Agency and Fund Accounting services. In addition to the partnership with AGF, Citigroup will gain relationships with other fund managers in Canada through the transfer of shares in Unisen (a wholly-owned subsidiary of AGF) to Citigroup.

“We are excited about combining the expertise of the Unisen team with our industry leading operations and technology capabilities, to create a world class Securities Servicing platform in Canada,” said Frank Bisignano, Chief Executive Officer, Citigroup® Global Transaction Services, a unit of Citigroup Corporate and Investment Banking. “The long-term agreement with AGF further demonstrates our commitment to serving the needs of the investment management industry on a global basis.”

“We looked at numerous partners, and determined that Citigroup was the right choice for AGF,” said Blake Goldring, President and Chief Executive Officer, AGF. “By partnering with such a large global provider like Citigroup, we can drive further economies of scale and give our clients access to the best in professional client services and administrative processing.”

Approximately 950 Unisen employees will transfer to Citigroup and remain based in Mississauga, Ontario. The deal will close before the end of the year.

“This agreement gives us the opportunity to leverage Unisen’s capabilities and existing client base to provide a full range of innovative Securities Services solutions to the Canadian marketplace,” said Neeraj Sahai, Global Head of Securities Services for Citigroup Global Transaction Services.

Sahai said clients who partner with Citigroup on their fund administration offerings realize meaningful benefits, including lower operating costs, enhanced service levels and are able to access a global platform for growth.

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About Citigroup Global Transaction Services
Citigroup® Global Transaction Services is a leading provider of integrated cash management, trade and securities services for corporations, financial institutions, intermediaries and governments around the world. With over $ 139 billion in average liability balances, more than $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 90 local markets. For additional information, see www.transactionservices.citigroup.com.

About Citigroup
Citigroup (NYSE: C), the pre-eminent global financial services company with some 200 million customer accounts in more than 100 countries, provides 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.