2008-05-24 00:10:38 -

- An initial period dividend was declared today on Citigroup's recently issued preferred stock as follows:

- 8.50% Non-Cumulative Preferred Stock, Series F, payable June 16, 2008, to holders of record on June 5, 2008. Holders of depositary receipts, each representing one-thousandth of a full convertible preferred share, will be paid $.1888888889 for each receipt held.

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, Nikko, and

Banamex. Additional information may be found at www.citigroup.com or www.citi.com.

Citigroup Inc.
Media:
Christina Pretto, 212-559-9560
Shannon Bell, 212-793-6206
Mike Hanretta, 212-559-9466
or
Investors:
Scott Freidenrich, 212-559-2718
or
Fixed Income Investors:
Maurice Raichelson, 212-559-5091