For Immediate Release Citigroup Inc. (NYSE: C) December 16, 2008

Citibank Lowers Base Rate


New York – Citibank said today it has lowered its base lending rate to 3.25% from 4.00%, effective today, Tuesday, December 16, 2008.

Citi
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing 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, and wealth management. Citi's major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.