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FOR IMMEDIATE RELEASE October 22, 2001 Citigroup to Redeem Preferred Stock, Series K NEW YORK — Citigroup (NYSE: C) today announced that on November 21, 2001, it will redeem for cash all outstanding shares of its 8.40% Cumulative Preferred Stock, Series K. The redemption price will be $25.00 per depositary share plus accrued dividends to the date of redemption. Currently, $250 million of this preferred stock is outstanding. The Series K Preferred Stock was issued in 1996 by Salomon Inc, which in 1997 merged with a subsidiary of Travelers Group Inc., which in turn merged with Citicorp on Oct. 8, 1998, to form Citigroup. Shares are to be surrendered for payment of principal plus accrued dividends to Citibank, N.A., as redemption agent, for payment of the redemption price as follows: If by hand or overnight courier: Corporate Agency and Trust Services, 111 Wall Street, 5th Floor Receive Window, New York, New York, 10005. If by mail: Corporate Actions, P.O. Box 2544, Jersey City, New Jersey, 07303-2544. # # #
Citigroup (NYSE:C), the preeminent global financial services company, provides some 120 million consumers, corporations, governments and institutions in more than 100 countries with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage and asset management. Major brand names under Citigroup’s trademark umbrella are Citibank, CitiFinancial, Primerica, Salomon Smith Barney, and Travelers. Additional information may be found at: www.citigroup.com. |