For Immediate Release
Citigroup Inc. (NYSE: C)
March 3, 2015

Citi to Sell OneMain Financial to Springleaf

New York – Citigroup today announced that it has reached a definitive agreement to sell OneMain Financial Holdings, Inc. to Springleaf Holdings (NYSE: LEAF) for a purchase price of $4.25 billion. The deal is expected to close in the third quarter of 2015, subject to regulatory approvals and other customary closing conditions.

Citi CEO Michael Corbat said: "OneMain is a great business with talented people, who will now become part of a leading personal finance company. While this business didn't fit our strategy, it serves customers who deserve and need credit. Today's announcement is a significant milestone in the simplification of our company and we continue to focus on delivering the potential of our franchise for our clients and shareholders."

OneMain Financial has been reported as part of Citi Holdings, which was established in 2009 and consists of businesses and portfolios of assets that Citi has determined are not central to its core franchise. Since its creation, Citi has sold more than 60 businesses and reduced assets in Citi Holdings by more than $700 billion. As of December 31, 2014, Citi Holdings' assets represented approximately 5 percent of total Citi assets, down from a peak of more than 30 percent.

Citi will use a portion of the proceeds from this sale to retire certain funding that currently supports Citi Holdings. The sale, along with retirement of the related funding, are expected to result in a net addition to earnings before income taxes of approximately $1 billion.

Citi's Institutional Clients Group advised Citi on this transaction.

Citi will announce its first quarter of 2015 results on April 16, 2015.

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. 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 | Twitter: @Citi | YouTube: | Blog: | Facebook: | LinkedIn:

Certain statements in this release, including Citi's expected net addition to earnings before income taxes resulting from the sale and retirement of related funding, are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. These statements are not guarantees of future results or occurrences. Actual results and capital and other financial condition may differ materially from those included in these statements due to a variety of factors, including the actual closing of the proposed transaction, the amount of funding supporting Citi Holdings that is ultimately retired, and the finalization of the accounting and financial impact of the transaction, as well as the other precautionary statements included in this release and those contained in Citigroup's filings with the U.S. Securities and Exchange Commission, including without limitation the "Risk Factors" section of Citigroup's 2014 Annual Report on Form 10-K. Any forward-looking statements made by or on behalf of Citigroup speak only as to the date they are made, and Citigroup does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.