Citigroup to Redeem Citigroup Capital V Trust Preferred Securities

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, 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: C) October 16, 2003 Citigroup to Redeem Citigroup Capital V Trust Preferred Securities New York — Citigroup Inc. (NYSE: C) today announced that on November 15, 2003 it will redeem for cash all its Citigroup Capital V 7% Trust Preferred Securities (TRUPS, NYSE Ticker C pw). The redemption price will be $25.00 per Preferred Security plus accrued distributions to but excluding the date of redemption. Currently, $500 million of such TRUPS are outstanding. # # # 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, Smith Barney, Banamex, and Travelers Life and Annuity. Additional information may be found at: www.citigroup.com.