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FOR IMMEDIATE RELEASE July 25, 2002 Citigroup Announces Stock Repurchase Acceleration New York — Citigroup today announced that in July it accelerated its stock buyback program, repurchasing nearly $2 billion worth of stock in that month alone. In a letter issued to employees today, Sanford I. Weill, Chairman and Chief Executive Officer of Citigroup, said, “Together, we have built a great company, one that I am proud to be a part of. The steps we are taking to further improve standards throughout our company only enhance my confidence in our great future.” # # #
Citigroup (NYSE: C), the preeminent global financial services company with some 200 million customer accounts in more than 100 countries, provides consumers, corporations, governments and institutions 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 red umbrella include Citibank, CitiFinancial, Primerica, Salomon Smith Barney, Banamex, and Travelers. Additional information may be found at: www.citigroup.com. |