CITI DELIVERS EXECUTED COPY OF ITS AGREEMENT WITH WACHOVIA TO WACHOVIA’S COUNSEL

NEW YORK - October 6, 2008 – Citi today issued the following update on its transaction with Wachovia:

At the time the Wachovia/Wells Fargo & Co. transaction was announced, Citi and Wachovia had agreed and were simply finalizing documents. On Sunday night, October 5, Citi delivered an executed copy of its agreement with Wachovia to Wachovia’s counsel.

###

Citi:
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. Citi’s major brand names include Citibank, CitiiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.