FOR IMMEDIATE RELEASE
October 17, 2000

Citigroup Declares Dividends

New York, NY — The Board of Directors of Citigroup (NYSE:C) today declared a quarterly dividend on the company's common stock of 14 cents per share, payable on November 22, 2000, to stockholders of record on November 6, 2000.

          The Board also declared dividends on preferred stock as follows:

• Series F, payable December 1, 2000, to holders of record on November 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 December 1, 2000, to holders of record on November 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 February 1, 2001, to holders of record on January 15, 2001. Holders of depositary receipts, each representing one-fifth of a full preferred share, will be paid $.778875 for each receipt held.
   
• Series K, payable December 31, 2000, to holders of record on December 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 February 1, 2001, to holders of record on January 15, 2001. Holders of depositary receipts, each representing one-fifth of a full preferred share, will be paid $.7330 for each receipt held.
   
• Series Q, payable November 30, 2000, to holders of record on November 15, 2000. Holders of depositary receipts, each representing one-tenth of a full preferred share, will be paid $.328125 for each receipt held.
   
• Series R, payable November 30, 2000, to holders of record on November 15, 2000. Holders of depositary receipts, each representing one-tenth of a full preferred share, will be paid $.328125 for each receipt held.
   
• Series U, payable November 15, 2000, to holders of record on October 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 November 15, 2000, to holders of record on October 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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