|Title of Security||CUSIP / ISIN||Reference Canadian Government Security||Bloomberg Reference Page||Reference Yield||Fixed Spread (basis points)||Tender Offer Consideration||Total Consideration|
|4.650% Subordinated Notes due 2022||172967DC2 / US172967DC27||1.500% Government of Canada Bond due September 1, 2017||FIT CAN0-50||1.275%||165 bps||C$1,024.03||C$1,054.03|
|5.160% Subordinated Notes due 2027||172967EB3 / CA172967EB37||2.750% Government of Canada Bond due June 1, 2022||FIT CAN0-50||2.089%||195 bps||C$1,045.38||C$1,075.38|
|U.S. Dollar Notes|
|Title of Security||CUSIP / ISIN||Reference U.S. Treasury Security||Bloomberg Reference Page||Reference Yield||Fixed Spread (basis points)||Tender Offer Consideration||Total Consideration|
|4.750% Notes due 2015||172967FD8 /US172967FD81||0.250% Treasury due May 15, 2015||FIT4||0.101%||45 bps||U.S $1,008.34||U.S. $1,038.34|
|4.700% Notes due 2015||172967CY5 / US172967CY55||0.250% Treasury due May 15, 2015||FIT4||0.101%||45 bps||U.S. $1,009.03||U.S. $1,039.03|
|2.250% Notes due 2015||172967GB1 / US172967GB17||0.375% Treasury due April 30, 2016||FIT1||0.365%||25 bps||U.S. $988.43||U.S. $1,018.43|
|5.875% Subordinated Notes due 2033||172967BU4 / US172967BU43||3.625% Treasury due February 15, 2044||FIT1||3.411%||155 bps||U.S. $1,080.38||U.S. $1,110.38|
|5.850% Notes due 2034||172967CT6 / US172967CT60||3.625% Treasury due February 15, 2044||FIT1||3.411%||120 bps||U.S. $1,133.04||U.S. $1,163.04|
|5.875% Notes due 2037||172967EC1 / US172967EC18||3.625% Treasury due February 15, 2044||FIT1||3.411%||125 bps||U.S. $1,139.93||U.S. $1,169.93|
|6.875% Notes due 2038||172967EP2 / US172967EP21||3.625% Treasury due February 15, 2044||FIT1||3.411%||125 bps||U.S. $1,285.60||U.S. $1,315.60|
Citigroup has retained its affiliate, Citigroup Global Markets Inc., to serve as the sole dealer manager for the Offers. Global Bondholder Services Corporation has been retained to serve as the depositary and information agent with respect to the U.S. Dollar Notes. Kingsdale Shareholder Services Inc. has been retained to serve as the information agent and depositary with respect to the CAD Notes.For additional information regarding the terms of the Offers, please contact Citigroup Global Markets Inc. at either (800) 558-3745 (toll free) or (212) 723-6106. Requests for documents and questions regarding the tender of U.S. Dollar Notes may be directed to Global Bondholder Services Corporation at (866) 807-2200 (toll free) or (212) 430-3774 (collect). Requests for documents and questions regarding the tender of CAD Notes may be directed to Kingsdale Shareholder Services Inc. at (888) 518-1557 (toll free) or (416) 867-2272 (collect). The Offer to Purchase and related Letters of Transmittal were first distributed to holders of Notes on May 19, 2014. Copies of the Offer to Purchase and the Letters of Transmittal may also be obtained at no charge from Global Bondholder Services Corporation or Kingsdale Shareholder Services Inc. None of Citigroup, its boards of directors, the dealer manager, the depositaries or the information agents makes any recommendation as to whether any holder of the Notes should tender or refrain from tendering all or any portion of the principal amount of the Notes. This press release is neither an offer to purchase nor a solicitation to buy any of these Notes nor is it a solicitation for acceptance of any of the Offers. Citigroup is making the Offers only by, and pursuant to the terms of, the Offer to Purchase and the related Letters of Transmittal. The Offers are not being made to (nor will tenders of Notes be accepted from or on behalf of) holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. This announcement must be read in conjunction with the Offer to Purchase and, where applicable, the related Letters of Transmittal.
United Kingdom. The communication of the Offer to Purchase and any other documents or materials relating to the Offers is not being made and such documents and/or materials have not been approved by an authorized person for the purposes of Section 21 of the Financial Services and Markets Act 2000. Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents and/or materials as a financial promotion is only being made to those persons in the United Kingdom falling within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “ Order”) or within Article 43(2) of the Order, or high net worth companies, and other persons to whom it may lawfully be communicated in accordance with Article 49(2)(a) to (d) of the Order.Citigroup, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citigroup 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. Certain statements in this release, including without limitation the anticipated consummation and successful completion of the Offers (including the satisfaction of the conditions described in the Offers to Purchase), the possible further amendment, extension or abandonment of one or more of the Offers, and Citigroup’s continued successful execution of its liability management strategy, are “ forward-looking statements” within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission and Canadian securities laws. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors, including without limitation (i) the level of participation in the Offers, and (ii) the precautionary statements included in this release and those contained in Citigroup’s filings with the U.S. Securities and Exchange Commission and applicable Canadian securities regulators, including without limitation the “Risk Factors” section of Citigroup’s 2013 Annual Report on Form 10-K.