Prime Time For Fair Capital

Citi signs up Fair Capital for OpenPrimeSM

Hong Kong, Singapore, London, New York, July 11, 2007 – Citi has signed up Hong Kong based hedge fund Fair Capital to use the bank's OpenPrimeSM technology in Asia. Implementation is already complete and Fair Capital went live on OpenPrimeSM on Friday June 22.

Hong Kong-based Fair Capital is a hedge fund client of Citi and works closely with Citi's Securities and Fund Services, a unit of Global Transaction Services, and Prime Finance, which provides prime brokerage services across multiple asset classes (equities, fixed income and foreign exchange). Founded by Airy Lau in late 2006, the fund focuses on a long/short equity strategy on Hong Kong and China stocks.

"OpenPrimeSM is a fantastic tool for us to present a real time valuation of our portfolio. It is a tailor made program to show our portfolio in various strategies. With this, we can monitor our risk management and save time," said Airy Lau, managing director and head of Fair Capital.

OpenPrimeSM offers secure, front to back office capabilities including trading, portfolio management and accounting. The service helps facilitate multi-strategy, multi-asset class and multi-currency investing and OpenPrimeSM has been deployed to Citi clients across the globe and continues to grow in Asia with Fair Capital as the latest addition.

OpenPrime's implementation for Fair Capital highlights Citi's success in creating and deploying a market leading product that helps better connect the front and back office functions. It also underlines Citi's commitment to the alternative investment industry.

"We are delighted to welcome Fair Capital to the OpenPrimeSM system. We look forward to working closely with Fair Capital to help their business grow and develop in the coming years. This solution underlines our commitment to provide our clients of any size world class products to meet their evolving needs," said Matthew Brown, managing director, Asia Pacific Fund Services Head at Citi's Global Transaction Services.

OpenPrimeSM is offered mainly to hedge funds as a value added service. It is offered jointly by Citi's Prime Finance business and Global Transaction Services businesses which are key business units in Citi's Markets & Banking.

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About Citi
Citi markets and banking is the most complete financial partner to corporations, financial institutions, institutional investors and governments in the world. As a global leader in banking, capital markets, and transaction services, with a presence in many countries dating back more than 100 years, Citi enables clients to achieve their strategic financial objectives by providing them with cutting-edge ideas, best-in-class products and solutions, and unparalleled access to capital and liquidity.

Citi, 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 the trademark red arc include: Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.