For Immediate Release
Citigroup Inc. (NYSE: C)
September 23, 2010

Citi Launches Stockbroking Operations in Malaysia

Kuala Lumpur – Citigroup Global Markets Malaysia Sdn Bhd (CGMM), the local stockbroking arm of Citigroup, has commenced equities brokerage operations on the Malaysian stock exchange, Bursa Malaysia.

"Malaysia is a priority market for Citi in Asia Pacific, and this investment underlines our commitment to the country to support our local and global clients. Asia Pacific is a growth region for Citi, and we will continue to invest in Malaysia and across the region," said Shirish Apte, CEO for Citi in Asia Pacific, who attended the opening ceremony in Kuala Lumpur.

In addition, Citi has steadily been expanding its research coverage of Malaysian equities, and now has stocks under coverage representing 86 percent of MSCI Malaysia and 87 percent of FTSE Bursa Malaysia KLCI by market capitalization.

"Commencing stockbroking operations in the country is a significant milestone for Citi. It also underscores our desire to play a wider role in the Malaysian capital markets. Our extensive global reach, experience and resources will help facilitate further investment from our global clients into Malaysia, including important and increasing flows from the Middle East," said Sanjeev Nanavati, Chairman & Non-Executive Director of Citigroup Global Markets Malaysia Sdn Bhd; and Chief Executive Officer of Citibank Berhad.

Middle East funds are increasingly looking to invest in Malaysia. With a presence across that region with a team that covers more than 100 clients with assets under management of more than US$1 trillion, Citi is well placed to help facilitate some of these increased flows.

Citi's Markets business in Malaysia has a comprehensive range of products across sales and trading in FX, fixed income, commodities and credit with a strong sale and research presence, and the bank is already a leading player in the primary market. Citi has helped Malaysian companies raise over US$7 billion from domestic and international capital markets in the last three years, according to Dealogic data.

"This membership completes the range of our product platform for our clients and underlines our continued investment in our Asia Pacific equities franchise to help our regional and global clients who are increasingly looking to invest in Asian equities given the region's growth potential," said Adrian Faure, Citi's Asia Pacific Head of Equities. Citi also commenced equities brokerage operations in Indonesia in early August, underlining the bank's focus on further building out its platform in the ASEAN markets.

Citi is a leading equities house in Asia Pacific and around the world, with local equities desks in more than 80 countries. In Asia Pacific, Citi now provides full equity coverage in ten markets, including: Australia, Hong Kong, Indonesia, India, Japan, Malaysia, Korea, Singapore, Taiwan and Thailand.

Citi is the leading foreign bank in Malaysia with a presence since 1959, with 11 branches nationwide. Citi was recently named the Best Foreign Commercial Bank in Malaysia by Finance Asia Country Awards 2010.

Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through Citicorp and Citi Holdings, Citi provides 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, transaction services and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.