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In response to shareholder inquiries related to the scheduled retirement of certain directors, Alain Belda, Citigroup's Independent Lead Director and Chairman of the Nomination and Governance Committee, confirmed that the Board is actively seeking new directors who meet the criteria described in the Company's Corporate Governance Guidelines, with a particular emphasis on expertise in finance and investments.
As previously announced, one director retired from the Board by not standing for reelection at the April 22, 2008 Annual Shareholder Meeting, and two other directors will meet the retirement age by the time of the April 2009 Annual Shareholder Meeting.
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