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

Pursuant to the Offers, Citigroup has accepted for purchase the aggregate principal amount of each series of Notes set forth in the table below. The table also sets forth, for each series of Notes, the aggregate principal amount that was validly tendered and, in the case of the Waterfall Tender Offers, the applicable Acceptance Priority Level.

Citigroup has increased the maximum aggregate principal amount of Notes that it will accept for purchase (the “ Overall Tender Cap”) pursuant to the Offers from US$650,000,000 to US$655,000,000, determined based on U.S. dollar exchange rates as of 2:00 p.m., New York City time, on June 12, 2013. As a result, Citigroup has accepted for purchase all Notes validly tendered pursuant to the Offers.

Any and All Offers

     
Title of Security

ISIN / Common Code / CUSIP (as applicable)

Principal Amount Outstanding

Aggregate Principal Amount Validly Tendered and Accepted for Purchase

 
6.393% Subordinated Notes due 2023

XS0350626965 /035062696

EUR 600,000 EUR 600,000
 
5.365% Subordinated Notes due 2036 172967DJ7 /CA172967DJ71 C$400,000,000 C$171,607,000

Waterfall Tender Offers

           
Title of Security CUSIP / ISIN

Principal Amount Outstanding

Acceptance Priority Level

Aggregate Principal Amount Validly Tendered

Aggregate Principal Amount Accepted for Purchase

Approximate Proration Factor

 

5.875% SeniorNotes due 2037

172967EC1 /US172967EC18

US$946,330,000 1 US$327,602,000 US$327,602,000 N/A (1)
 

5.850% SeniorNotes due 2034

172967CT6 /US172967CT60

US$700,120,000 2 US$157,594,000 US$157,594,000 N/A (1)
 

(1) "N/A" means not applicable. All validly tendered Notes were accepted for purchase.

The Offers were made pursuant to the offer to purchase dated May 16, 2013 (as amended or supplemented through the Expiration Date, the “ Offer to Purchase”), and the related letters of transmittal (as amended or supplemented through the Expiration Date, the “ Letters of Transmittal”) which set forth in more detail the terms and conditions of the Offers. Capitalized terms used but not otherwise defined in this announcement shall have the meaning given to them in the Offer to Purchase.

Citigroup retained its affiliate, Citigroup Global Markets Inc., to serve as the lead dealer manager for the Offers. Global Bondholder Services Corporation was retained to serve as the depositary and information agent with respect to the U.S. Dollar Notes and EUR Notes. Kingsdale Shareholder Services Inc. was retained to serve as the depositary and information agent with respect to the CAD Notes.

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