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FOR IMMEDIATE RELEASE New York — Citicorp and Travelers Group Inc. said today that plans call for completing the merger of the two companies, resulting in the formation of a new company to be called Citigroup Inc., on October 8, reflecting the mandatory 15–day waiting period from Fed approval. On October 8 the common shares of the new company will begin trading on the New York and Pacific Stock Exchanges, with the stock symbol CCI (currently the symbol for Citicorp stock). Citicorp shares will be converted into Citigroup shares at the ratio of 2-1/2 Citigroup shares for each Citicorp share; each Travelers Group (TRV) share will equal one Citigroup share. # # # |