Citigroup Appoints Michael S. Helfer as General Counsel

For immediate release
Citigroup Inc. (NYSE symbol: C)
January 23, 2003

Citigroup Appoints Michael S. Helfer as General Counsel

Stephanie Mudick Named Chief Administrative Officer of the Global Consumer Group

Joan Guggenheimer Named to expanded role as General Counsel of the Global Corporate and Investment Bank

New York, NY — Citigroup (NYSE:C) today announced that Michael S. Helfer will join the company as General Counsel and a member of Citigroup’s Management Committee on February 3rd. He will report to Mike Masin, Citigroup’s Vice Chairman and Chief Operating Officer. Stephanie Mudick, currently co-General Counsel of Citigroup and the General Counsel of the Global Consumer Group, will take on a new role as the Chief Administrative Officer of the Global Consumer Group. Joan Guggenheimer, currently co-General Counsel of Citigroup and the General Counsel of the Global Corporate and Investment Bank will take on an expanded role as the General Counsel of the Global Corporate and Investment Bank, including government, regulatory and community affairs.

Mr. Helfer served as Chairman of the Management Committee of Wilmer Cutler & Pickering from 1995 to 1998, then resumed full-time practice of law as the Chair of the firm’s Financial Institutions Practice Group. In 2000, he joined Nationwide where he served as President of Nationwide Strategic Investments and Chief Strategic Officer.

Mr. Sandy Weill said, “Michael brings to Citigroup tremendous expertise and skills as a lawyer, manager and advisor to some of the nation’s largest financial services companies. His experience spans a range of disciplines, from corporate and international law to legislative and regulatory matters and litigation – all critical to the role of general counsel at the world’s most diversified global financial services firm. We look forward to having him as part of our senior management team.”

Mr. Weill continued, “I also want to wish Stephanie and Joan well in their new positions. Their tremendous effort and skill in an extraordinarily challenging environment have been critical to our successful resolution of so many issues. They have helped to drive many of the reforms we have put in place within our businesses, which have not only raised standards within our company, but in our industry as well. We thank them for all they have done, and will continue to do, for our company.”

Mr. Helfer said, “Citigroup is the most successful diversified financial services company in the world. The company is a true innovator, creating an important model for the financial services industry, and has been a leader in setting new standards in terms of business practices and performance. I look forward to working with Sandy and the rest of the Citigroup team to see that the company continues its progress and achieves even greater success in the future.”

Mr. Helfer joined Wilmer Cutler and Pickering in 1973 and for most of his tenure was a partner and head of the financial institutions group. He served as Chairman of the Management Committee, the firm’s chief executive officer, from 1995 to 1998, then resumed full-time practice of law as the Chair of the firm’s Financial Institutions Practice Group. Mr. Helfer joined Nationwide in July 2000 as Executive Vice President for Corporate Strategy. At Nationwide, he was responsible for the Corporate Strategy Office, which oversees Strategic Planning, the General Counsel’s Office, Government Relations and Trial Division functions, and Strategic Investments. From 1971 to 1973, Mr. Helfer served as Assistant Counsel to the Senate Subcommittee on Constitutional Amendments and in 1971 as a Law Clerk for Chief Judge David Bazelon of the US Court of Appeals for the District of Columbia Circuit. Mr. Helfer is a graduate of Claremont Men’s College and the Harvard Law School, where he was Treasurer and Development Editor for the Harvard Law Review. Mr. Helfer was appointed by Columbus Mayor Michael Coleman to be a member of the Downtown Initiatives Task Force and is Chairman of the Financial Services Roundtable Task Force on the Optional Federal Charter. He is also a member of the American Law Institute, serves on the Board of Directors of Lawyers for Children America and is a board trustee for the Wexner Center Foundation.

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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.