Citi Partners with Bangladesh Post Office to Expand Distribution Network

Citi
Citi, 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. Citi's major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.


	Printer Friendly Page		FOR IMMEDIATE RELEASE Citigroup Inc. (NYSE: C) April 21, 2008 Citi Partners with Bangladesh Post Office to Expand Distribution Network Citibank, N.A. Bangladesh and the Bangladesh Post Office signed a correspondent network arrangement today which will facilitate payments for Citibank's clients in Bangladesh through the vast postal network. This is the first time that a commercial bank is setting up such unique correspondent network arrangement with the Post Office in Bangladesh. The agreement was signed by A.K.M.Rafiqul Islam, Director (Mails) on behalf of the Bangladesh Post Office and Parvez Murshed, Vice President and Acting Head of Transaction Services on behalf of Citibank, N.A. Bangladesh. The signing ceremony was also attended by Mobasherur Rahman, Director General, Bangladesh Post Office, Mamun Rashid, Managing Director and Citi Country Officer of Bangladesh, and other senior officials. Mobasherur Rahman said, "With 10,000 outlets and 40,000 staff, the Bangladesh Post Office is ready to serve for the benefit of the people. Very soon the Post Office department is computerizing its major Post Offices and then we will be able to help organizations who want to reach the last mile." Speaking at the event Mamun Rashid said, "We have had a presence in Bangladesh since 1987 and today we are furthering our commitment by expanding our network with the assistance of Bangladesh Post Office." Commenting on this, Parvez Murshed, added, "Citibank pioneered cash management services in Bangladesh and today again we proved our leadership in innovation by becoming the first bank in Bangladesh to sign a network arrangement with the Bangladesh Post Office. We work together extensively with post offices across Asia Pacific in countries like Japan, Taiwan, Indonesia, etc., and this reflects our commitment to take the banking sector of Bangladesh forward in line with global best practices." Citi's Global Transaction Services offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network spanning over 100 countries, Citi's Global Transaction Services supports over 65,000 clients. # # # Citi Citi, 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. Citi's major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.