U.S.: Citigroup Prices Sale of Part of Legg Mason Stake

Citigroup
Citigroup, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com

This release contains statements which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as well as other statements including words such as “anticipate,” “believe,” “plan,” “estimate,” “expect,” “intend” and other similar expressions. Forward-looking statements are made based upon management’s current expectations and beliefs concerning future developments and their potential effects on the company. Such forward-looking statements are not guarantees of future performance.


	Printer Friendly Page		FOR IMMEDIATE RELEASE Citigroup Inc. (NYSE: C) March 10, 2006 U.S.: Citigroup Prices Sale of Part of Legg Mason Stake New York – Citigroup Inc. today announced that it has priced an offering of 9,000,000 shares of Legg Mason, Inc. common stock in an underwritten public offering. The shares consisted of 5,393,545 shares of Legg Mason common stock and 3,606,455 shares of Legg Mason common stock issuable upon conversion and sale of 3,606,455 shares of Legg Mason non-voting convertible preferred stock. These shares were received as part of the consideration for the sale by Citigroup of substantially all of its asset management business to Legg Mason, which was completed on December 1, 2005. Citigroup has granted the underwriter a customary 15% over-allotment option to purchase additional shares of Legg Mason common stock. Citigroup Corporate and Investment Banking acted as sole bookrunner in this transaction. Upon completion of this offering and assuming no exercise of the over-allotment option, Citigroup will continue to own 9.740177 shares of Legg Mason non-voting convertible preferred stock, convertible upon sale into 9,740,177 shares of Legg Mason common stock. Completion of the offering is subject to market and other conditions. # # # Citigroup Citigroup, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com This release contains statements which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as well as other statements including words such as “anticipate,” “believe,” “plan,” “estimate,” “expect,” “intend” and other similar expressions. Forward-looking statements are made based upon management’s current expectations and beliefs concerning future developments and their potential effects on the company. Such forward-looking statements are not guarantees of future performance.