Citigroup Awarded Best at Cash Management and Best at Securities and Fund Services in Asia from Euromoney

Hong Kong — Citigroup has been awarded the title of best at Cash Management and best at Securities and Fund Services in Asia by the editors of Euromoney in the magazine's annual Awards for Excellence for 2006.

Commenting in its editorial on the award, the editors of Euromoney said:

"The huge increases in liquidity in Asian markets...have fueled the growth of downstream cash management and securities and fund operations. No bank in Asia is better placed than Citigroup to exploit this trend and the performance of Citigroup of its cash management and global transaction services business in the past 12 months proves the point. Citigroup's cash management operation is a significant business in its own right."

Commenting on the award, Anthony Nappi, head of Global Transaction Services for Citigroup in Asia Pacific said:

"This award would not be possible without our clients. They place their faith in Citigroup every day and I would like to personally thank all our clients for placing their trust in Citigroup. This award is a very welcome recognition for all Global Transactions Services employees of Citigroup in Asia. I would like to personally thank my colleagues around the region for their passion, commitment and dedication."

Euromoney is one of the world's leading monthly financial magazines, focusing on the banking industry. Citigroup also picked up global award for best cash management house. Citigroup was also awarded the title of best bank in Asia, the seventh year in a row that Citigroup has won the best bank in Asia title.

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Citigroup
Citigroup (NYSE: C), the leading 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, securities brokerage, and wealth management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com

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Our Corporate and Investment Banking group achieves the extraordinary for our clients around the world. No financial institution is more committed to understanding and advancing the goals of its clients – our diverse and talented staff in some 100 countries advises companies, governments, and institutional investors on the best way to realize their strategic objectives. We create solutions for and provide the broadest possible capital and market access to thousands of issuer and investor clients, and no institution better executes the increasingly complex payment and cash management solutions required in today's global economy. Core business lines under Citigroup Corporate and Investment Banking include Global Capital Markets, Global Banking and Global Transaction Services.