FOR IMMEDIATE RELEASE
January 18, 2000

Citigroup Announces 14.3% Increase In Quarterly Common Dividend, Declares Dividends On Preferred Stock

New York — The Board of Directors of Citigroup (NYSE:C) today approved an increase in the quarterly dividend on the company's common stock from 14 cents a share to 16 cents a share, payable on February 25, 2000 to stockholders of record on February 7, 2000. This represents the fourteenth consecutive year of a dividend increase for the company since Travelers Group was founded in 1986.

          John S. Reed and Sanford I. Weill, Chairmen and Co-Chief Executive Officers, said, "The dividend increase reflects the company's continuing progress as the world's premier fully integrated, global financial services company."

          The Board also declared dividends on preferred stock as follows:

• Series F, payable March 1, 2000, to holders of record on February 15, 2000. Holders of depositary receipts, each representing one-fifth of a full preferred share, will be paid $.795625 for each receipt held.
   
• Series G, payable March 1, 2000, to holders of record on February 15, 2000. Holders of depositary receipts, each representing one-fifth of a full preferred share, will be paid $.776625 for each receipt held.
   
• Series H, payable May 1, 2000, to holders of record on April 15, 2000. Holders of depositary receipts, each representing one-fifth of a full preferred share, will be paid $.778875 for each receipt held.
   
• Series K, payable March 31, 2000, to holders of record on March 15, 2000. Holders of depositary receipts, each representing one-twentieth of a full preferred share, will be paid $.525 for each receipt held.
   
• Series M, payable May 1, 2000, to holders of record on April 15, 2000. Holders of depositary receipts, each representing one-fifth of a full preferred share, will be paid $.733 for each receipt held.
   
• Series Q, payable February 28, 2000, to holders of record on February 15, 2000. Holders of depositary receipts, each representing one-tenth of a full preferred share, will be paid $.320250 for each receipt held.
   
• Series R, payable February 28, 2000, to holders of record on February 15, 2000. Holders of depositary receipts, each representing one-tenth of a full preferred share, will be paid $.320250 for each receipt held.
   
• Series T, payable February 15, 2000, to holders of record on January 31, 2000. Holders of depositary receipts, each representing one-tenth of a full preferred share, will be paid $.53125 for each receipt held. As previously announced, the Series T depositary receipts will be redeemed on February 15, 2000 for $25 per depositary share.
   
• Series U, payable February 15, 2000, to holders of record on January 31, 2000. Holders of depositary receipts, each representing one-tenth of a full preferred share, will be paid $.484375 for each receipt held.
   
• Series V, payable February 15, 2000, to holders of record on January 31, 2000. Holders of depositary receipts, each representing one-tenth of a full preferred share, will be paid $.7325 for each receipt held.

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