Citi Named Best Overseas Bank & Best Consumer Bank in Russia by Global Finance in 2008

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.

Citi Russia
ZAO Citibank was among the first international banks to enter the Russian market when it established a local bank in Moscow in 1993. Citi has since grown it´s business to be among the country's largest banks offering a full range of products and services to corporate and consumer customers. At present, the Bank has over 3,500 employees, a $5+ billion balance sheet and a distribution network including over 60 branches servicing individuals and 300 ATM's in seven cities of Russia. In 2002, Citibank ZAO launched consumer banking operations by opening our first retail branch in Moscow. Citi now serves over 500,000 retail banking and credit card customers across Russia. For more information about Citi in Russia please visit www.citibank.ru.


	Printer Friendly Page		FOR IMMEDIATE RELEASE Citigroup Inc. (NYSE: C) April 22, 2008 *Citi Named Best Overseas Bank & Best Consumer Bank in Russia by Global Finance* in 2008 Industry Experts Select Citi for Innovations in Russian Consumer & Corporate Banking** Moscow/London – ZAO Citibank, a subsidiary of Citi, the leading global financial services company, was named Best Overseas Bank and Best Consumer Bank in Russia by Global Finance magazine in 2008. Citi Russia received the Best Consumer Bank in Russia award in 2006 and Best Internet bank in Russia in 2007 from Global Finance magazine. The Global Finance rating includes banks, credit organizations and financial institutions, which have achieved the best results in market leadership, innovation, commitment to markets, and evidence of a long-term winning strategy. The selection is based on input received from client and customers, analysts, corporate reports and industry export sources. Throughout 2007, the Citi Consumer bank in Russia has actively been working on the expansion of its product range. The Bank's customers were offered a large number of new financial products and services, including a new co-branded credit card with KUDA.RU Travel Agency and the first in the market Cash Back credit card, a same day loan with just two documents, instant utility bill payments, and instant cash-in function to over 100 ATMs in Russia. Citi also acted as a single lead arranger on VTB IPO that has become #2 world IPO in 2007 with a volume $7.98 billion. Citi acted as joint lead manager and joint bookrunner for Gazprom opening the Japanese markets for Russian issuers with the first ever Yen denominated bond from Russia and the Commonwealth of Independent States (CIS). Citi is a pioneer in domestic RMBS deals in Russia with AHML's debut RMBS deal, the first ever multi-tranche RMBS deal under Russian law successfully closed in May 2007. Currently, Citi Russia services over 0.5 million retail and over 1,500 corporate and institutional customers in more then 60 full-service branches in seven cities of Russia and is actively expanding its distribution network in those and new cities of Russia. Citi in Russia was the first in the Russian market to introduce grace period credit cards, structured investment products for the mass affluent customers segment, cash-in ATMs and full service remote 24/7 banking channels CitiPhone and Citibank Online. "The Russian banking sector continued to show resilience and the ability to innovate and adapt," says Global Finance publisher Joseph D Giarraputo. "That's recognized in our awards, for which there were strong competitors in every category. Russia's banks show every sign of being able to mature and meet coming challenges in financing the country's companies, consumers and savers." Joel Kornreich, Consumer Business Manager, Citi Russia said: "We would like to thank our customers for the business that they give us and promise to provide only the best products and services. This award is a great testimony to the hard work and dedication of our staff towards building a truly great Consumer franchise in Russia." # # # 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. Citi Russia ZAO Citibank was among the first international banks to enter the Russian market when it established a local bank in Moscow in 1993. Citi has since grown it´s business to be among the country's largest banks offering a full range of products and services to corporate and consumer customers. At present, the Bank has over 3,500 employees, a $5+ billion balance sheet and a distribution network including over 60 branches servicing individuals and 300 ATM's in seven cities of Russia. In 2002, Citibank ZAO launched consumer banking operations by opening our first retail branch in Moscow. Citi now serves over 500,000 retail banking and credit card customers across Russia. For more information about Citi in Russia please visit www.citibank.ru.