Citigroup Inc. Announces The Reference Yields And Total Consideration For Fixed Spread Offers

Citigroup Inc. (“ Citigroup”) and its wholly-owned subsidiary Associates First Capital Corporation (“ Associates”) announced today the applicable Reference Yield and Total Consideration in the previously announced cash tender offers with respect to each series of Notes subject to the Fixed Spread Offers listed in the table below.

The Fixed Spread Offers are being made pursuant to the offer to purchase dated August 9, 2012 (the “ Offer to Purchase,” as may be amended or supplemented from time to time), and the related letter of transmittal (the “ Letter of Transmittal,” as may be amended or supplemented from time to time) which set forth in more detail the terms and conditions of the Fixed Spread Offers. Capitalized terms used but not otherwise defined in this announcement shall have the meaning given to them in the Offer to Purchase.

The Reference Yield and Total Consideration for each series of Notes subject to the Fixed Spread Offers were determined at or around 2:00 p.m., New York City time, on August 29, 2012 in accordance with the terms set forth in the Offer to Purchase by reference to the relevant Fixed Spread and the relevant Reference U.S. Treasury Security as follows:

Fixed Spread Offers
Title of Security (1)		CUSIP / ISIN		Maximum Series Tender Cap		Reference U.S. Treasury Security		Bloomberg Reference page		Reference Yield		Fixed Spread (basis points)		Early Tender Premium (2)		Tender Offer Consideration (2)		Total Consideration (2)(3)
5.125% Senior Notesdue 2014		172967CK5 /US172967CK51		$175,000,000		0.125% Treasurydue 07/31/2014		FIT1		0.272%		110		$30.00		$1,030.29		$1,060.29
6.000% Senior Notesdue 2017		172967EH0 /US172967EH05		$405,480,000		0.500% Treasurydue 07/31/2017		FIT1		0.689%		220		$30.00		$1,111.39		$1,141.39
6.125% Senior Notesdue 2018		172967ES6 /US172967ES69		$405,000,000		0.500% Treasurydue 07/31/2017		FIT1		0.689%		245		$30.00		$1,123.65		$1,153.65
6.950% Senior Notesdue 2018		046003JU4 /US046003JU47		$50,000,000		0.500% Treasurydue 07/31/2017		FIT1		0.689%		295		$30.00		$1,150.12		$1,180.12
8.500% Senior Notesdue 2019		172967EV9 /US172967EV98		$100,000,000		1.750% Treasurydue 05/15/2022		FIT1		1.628%		205		$30.00		$1,253.13		$1,283.13
5.850% Senior Notesdue 2034		172967CT6 /US172967CT60		$295,000,000		3.000% Treasurydue 05/15/2042		FIT1		2.760%		180		$30.00		$1,148.98		$1,178.98

(1)		All series of Notes except for the 6.950% Senior Notes due 2018 have been issued by Citigroup. The 6.950% Senior Notes due 2018 have been issued by Associates.
(2)		Expressed in U.S. dollars per $1,000 principal amount of the Notes. We will also pay accrued and unpaid interest to, but not including, the Settlement Date.
(3)		The Total Consideration with respect to the Fixed Spread Offers is equal to the Early Tender Premium plus the Tender Offer Consideration.

The applicable Total Consideration, together with Accrued Interest, will be paid to Holders of Notes that are validly tendered on or prior to previously announced Early Tender Date of 5:00 p.m., New York City time, on August 30, 2012 and are accepted for purchase. Holders of Notes that are validly tendered after the Early Tender Date and accepted for purchase will receive the applicable Tender Offer Consideration for such series of Notes, which is equal to the applicable Total Consideration minus the applicable Early Tender Premium.

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