Citigroup Announces Redemption Of Trust Preferred Securities Issued By Citigroup Capital XX

Citigroup Inc. is announcing the redemption of a series of Citi trust preferred securities – the 7.875% Enhanced TRUPS ^® issued by Citigroup Capital XX (CUSIP: 173085200) (the “ETRUPS ^®”). The ETRUPS ^® are being redeemed, along with the common securities issued by Citigroup Capital XX and held by Citi, as a result of the concurrent redemption in whole by Citi of the junior subordinated debt securities held by Citigroup Capital XX which underlie the ETRUPS ^®.

The redemption date for the ETRUPS ^® will be December 17, 2012, and the cash redemption price paid on the redemption date will equal $25 plus $0.503125 in accumulated and unpaid distributions per ETRUPS ^®.

Beginning on the redemption date, the ETRUPS ^® will no longer be considered outstanding and distributions will no longer accrue on the ETRUPS ^®.

Under the terms and conditions of the ETRUPS ^® Citigroup has the option to redeem the ETRUPS ^® in whole or in part on one or more occasions any time on or after December 15, 2012. Accordingly, Citi has elected to redeem the ETRUPS ^® in whole on December 17, 2012. As a result of this redemption, Citigroup’s Basel I Tier 1 Capital is expected to decrease by approximately $0.45B and its Basel I Tier 1 Capital ratio is expected to decrease by approximately 4.6 basis points. Citigroup’s Tier 1 Common capital and related Tier 1 Common ratio, under Basel I and as estimated under Basel III, will not be affected by this redemption.

For further information on this series of Citi trust preferred securities, please see the Capital XX ETRUPS ^® prospectus at the following web address:

http://www.sec.gov/Archives/edgar/data/831001/000095012307015811/y40040b2e424b2.htm

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. 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.

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