CITI AWARDED MANDATE BY CRABEL CAPITAL MANAGEMENT TO DELIVER SUITE OF HEDGE FUND ADMINISTRATION SERVICES

New York, NY - 07 December 2009 – Citi today announced that it has been awarded a mandate by Crabel Capital Management to provide a comprehensive portfolio of hedge fund administration services. Citi will be delivering portfolio accounting, fund administration, monthly NAVs, daily P&L and weekly and month-end estimated NAVs.

"As we manage to the next level of development for our business, we realized we needed to outsource these operational functions so that we could concentrate on our profitable growth. Citi was the ideal partner for our future growth and has the capacity to take on our high volume business", says Kathryn Daley, Chief Operating Officer, Crabel Capital Management. "After we conducted a competitive review of third-party providers, we awarded the mandate to Citi because of the quality of its integrated systems and automated operating platform that will improve our overall operating efficiency, minimize our risk and control our costs."

"We are very pleased that Crabel, a leader in the unique short term managed futures space, has selected us to provide this suite of administrative solutions to support their continued success," says Neeraj Sahai, Global Head of Securities and Fund Services, Citi. "Now, with Citi managing these operational responsibilities, Crabel's managers can concentrate on what they do best: develop their business, manage their investment portfolios and provide premier service to their investors."

Citi's comprehensive suite of hedge fund services comprises post-trade and pre-settlement activities, including daily trade processing, reconciliation and daily P&L reporting, in addition to OTC services, bank debt administration, collateral management, corporate actions, cash management and risk reporting. The offerings – designed from a fund manager's standpoint -- help hedge fund managers monitor counterparty risk, gain more frequent independent verification of their holdings and valuations, and ultimately focus more of their professional, financial and technological resources on making investment decisions.

Through its Securities and Fund Services business, Citi's industry-focused experts provide investors worldwide with tailored solutions delivered through proven global platforms that feature modular, open architecture. With over $11 trillion of assets under custody and the industry's largest proprietary network, clients can leverage Citi's local market expertise and global reach to extract value across the entire investment value chain.

Global Transaction Services, a division of Citi's Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citi's Global Transaction Services supports over 65,000 clients. As of the third quarter of 2009, it held on average $314 billion in liability balances and $11.8 trillion in assets under custody.

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About Crabel Capital Management
Crabel Capital Management, LLC is a global alternative investment firm specializing in the development and trading of a unique portfolio of short term strategies that provide unparalleled diversification and performance for qualified investors. CCM has delivered over 16 years of positive, uncorrelated returns to its worldwide customer-base. Headquartered in the American Midwest, CCM has grown to over $1.6 billion in assets under management with a dedicated team of about 80 professionals, worldwide.

About Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through Citicorp and Citi Holdings, Citi provides 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, transaction services, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.