Citigroup Response to the <i>Wall Street Journal</i> Story (11/13/02)

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 Life and Annuity. Additional information may be found at: www.citigroup.com.


	Printer Friendly Page		For immediate release Citigroup Inc. (NYSE symbol: C) November 13, 2002 *Citigroup Response to the Wall Street Journal* Story (11/13/02)** New York, NY — In response to today’s Wall Street Journal story, Citigroup issued the following statement: “These emails are pure fantasy. The suggestion that Jack Grubman upgraded AT&T as part of Sandy Weill’s effort to win Mike Armstrong’s support on the Citigroup Board is nonsense. The regulators have already received unequivocal sworn testimony from Mr. Grubman that they are “fabrications” with “zero basis” in reality. We can’t comment on why Mr. Grubman wrote them – you’ll have to ask him.“ # # # 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 Life and Annuity. Additional information may be found at: www.citigroup.com.