Citigroup Announces Expiration And Final Tender Results Of Offers To Purchase Twelve Series Of Outstanding Notes

Citigroup Inc. (“ Citigroup”) announced today the expiration and final tender results of the previously announced cash tender offers (each, an “ Offer” and, collectively, the “ Offers”) by Citigroup with respect to each series of notes listed in the tables below (the “ Notes”).

Notes tendered and accepted pursuant to these Offers, totaling approximately $1.0 billion, reflect Citigroup’s continued robust liquidity position and are consistent with its recent liability management initiatives. Year-to-date, and excluding these Offers, Citigroup has decreased its outstanding long-term debt by approximately $13.9 billion through liability management initiatives, including the previously announced redemptions of trust preferred securities. Coupled with the ongoing natural maturing of long-term debt that requires no refinancing, these initiatives result in lower borrowing costs and reduce the overall level of Citigroup’s long-term debt outstanding. Citigroup will continue to consider opportunities to repurchase its long-term as well as short-term debt based on several factors, including without limitation the economic value, potential impact on Citigroup’s net interest margin and borrowing costs and the overall remaining tenor of its debt portfolio.

The Expiration Date (December 21, 2012) for Notes validly tendered pursuant to the Offers has now passed. Notes that were validly tendered pursuant to the Offers and accepted for purchase will be entitled to receive the applicable Total Consideration, which is inclusive of the Early Tender Premium, plus accrued and unpaid interest to, but not including, the Settlement Date for such Notes. The Settlement Date is expected to occur on December 27, 2012.

Because the aggregate principal amount of Notes of certain series validly tendered in an Offer exceeds the Maximum Series Tender Cap for such series, subject to the terms and conditions of the Offers, Citigroup has accepted tendered Notes of such series on a pro rata basis as described in the Offer to Purchase. The following table sets forth the Notes that are subject to the Offers, the aggregate principal amount of each series of Notes that was validly tendered and not validly withdrawn prior to the Expiration Date, the aggregate principal amount of each such series that was accepted for purchase and the approximate proration factor for each such series.

Fixed Spread Offers
Title of Security		CUSIP / ISIN		Exchange Listing		Principal Amount Outstanding		Maximum Series Tender Cap		Aggregate Principal Amount Tendered Pursuant to the Offers		Aggregate Principal Amount Accepted Pursuant to the Offers (1)		Approximate proration factor
6.500% Senior Notes due 2013		172967EU1 / US172967EU16		Luxembourg Stock Exchange		$2,612,299,000		$125,000,000		$411,980,000		$125,000,000		30.4%
6.000% Senior Notes due 2013		172967FE6 / US172967FE64		Luxembourg Stock Exchange		$1,805,000,000		$100,000,000		$298,693,000		$100,000,000		33.6%
5.125% Senior Notes due 2014		172967CK5 / US172967CK51		Luxembourg Stock Exchange		$1,565,000,000		$225,000,000		$230,119,000		$224,951,000		98.0%
5.500% Senior Notes due 2014		172967EZ0 / US172967EZ03		Luxembourg Stock Exchange		$1,952,000,000		$25,000,000		$85,336,000		$24,996,000		29.7%
6.010% Senior Notes due 2015		172967FA4 / US172967FA43		Luxembourg Stock Exchange		$1,718,491,000		$25,000,000		$230,045,000		$25,000,000		10.9%
4.750% Senior Notes due 2015		172967FD8 / US172967FD81		Luxembourg Stock Exchange		$2,365,809,000		$180,000,000		$183,094,000		$180,000,000		98.4%
4.700% Senior Notes due 2015		172967CY5 / US172967CY55		Luxembourg Stock Exchange		$724,000,000		$10,000,000		$42,883,000		$10,000,000		23.5%
4.587% Senior Notes due 2015		172967FH9/ US172967FH95		Luxembourg Stock Exchange		$1,830,000,000		$25,000,000		$145,165,000		$25,000,000		17.3%
5.300% Senior Notes due 2016		172967DE8 / US172967DE82		Luxembourg Stock Exchange		$961,376,000		$25,000,000		$107,892,000		$25,000,000		23.3%

Fixed Price Offer
Title of Security		CUSIP / ISIN		Exchange Listing		Principal Amount Outstanding		Maximum Series Tender Cap		Aggregate Principal Amount Tendered Pursuant to the Offers		Aggregate Principal Amount Accepted Pursuant to the Offers (1)		Approximate proration factor
Floating Rate Senior Notes due 2013		172967FG1 / US172967FG13		Luxembourg Stock Exchange		$1,392,685,000		$150,000,000		$79,944,000		$79,944,000		100.0%
Floating Rate Senior Notes due January 2014		172967FL0 / US172967FL08		Luxembourg Stock Exchange		$979,913,000		$150,000,000		$38,941,000		$38,941,000		100.0%
Floating Rate Senior Notes due April 2014		172967FQ9 / US172967FQ94		Luxembourg Stock Exchange		$530,000,000		$155,000,000		$164,550,000		$155,000,000		94.2%

(1) Reflects the results of rounding upon the terms and conditions described in the Offer to Purchase.

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