For Immediate Release
Citigroup Inc. (NYSE: C)

Extra Cash from Citi Offers New Way for Cardmembers to Get Online Discounts

highlights

Free Benefit Automatically Added to Eligible Citi Cards

May 29, 2008

New York, NY – Citi, the world's largest provider of credit cards, is offering cardmembers an exciting, new benefit on participating credit cards called Extra Cash from Citi that allows customers to earn discounts on some of the biggest and most popular names in travel, entertainment and merchandise – just for using their card.

Customers earn Extra Cash based on 10% of the eligible purchases made with their participating credit card. Extra Cash translates into savings of up to 40% on merchandise (many items also include free shipping) at the Extra Cash website: extracash.citi.com or extracash.universalcard.com.

Citi Cards offering the free Extra Cash from Citi benefit include Platinum Select, Diamond Preferred and AT&T Universal Platinum cards.

With Extra Cash from Citi, cardmembers don't have to work extra to get extra benefits. Cardmembers with eligible cards are automatically enrolled. There are no applications to fill out, no fee and no change to their APR. All they do is use their Citi Card as they normally do. It's that simple.

Extra Cash savings add up quickly. Every time cardmembers use their Citi Card, they earn Extra Cash based on 10% of their eligible purchase. There's no waiting to build up big balances to get savings. Plus, every customer will receive 100 bonus dollars in Extra Cash upon enrollment to help them start saving right away.

Here's how it works. If you spend $100 on your eligible Citi card, you earn 10 dollars in Extra Cash to use toward savings on a wide range of items at Extra Cash from Citi's online mall. You can use your Extra Cash toward valuable savings on brand names like Macy's, InterContinental Hotels, Tumi, The Gap and many more. If you want to purchase a $100 Macy's gift card, you can apply Extra Cash as follows:

Macy's $100 Gift Card: $ 100.00
Extra Cash: - 10.00
  __________
Total Cost to Cardmember: $ 90.00

With over 70 gift card participants, 8,000+ hotel locations and a wide range of merchandise items to choose from, Extra Cash from Citi offers something to satisfy the wants and needs of virtually everyone.

"At Citi, we're committed to providing new ways to increase value for our customers so they can get more from their card," said Raja Rajamannar, executive vice president, Citi Cards. "Extra Cash from Citi is our latest initiative that delivers on customer appreciation and demonstrates our ongoing commitment to continually offering unique benefits for our Citi cardmembers."

To apply for a Citi Card with Extra Cash from Citi, consumers can call 1-888-CitiCards or visit http://www.CitiCards.com.

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.