Citigroup Inc. Announces T-DECS Adjustments to Result from Common Dividend

Citigroup Inc. announced the declaration by its Board of Directors of a dividend of $0.01 per share of common stock payable on June 17, 2011 to holders of record on May 27, 2011. Effective on the payment of this dividend, an adjustment will be made to the settlement rates and certain other terms of Citi’s T-DECS, as set forth below. No adjustment will be made to the terms of Citi’s warrants or convertible preferred stock because the amount of the dividend to be paid is less than the threshold amount required for an adjustment. You should refer to the T-DECS Prospectus dated December 16, 2009 and the related Current Report on Form 8-K filed on December 24, 2009 for the definitions of the terms below and for other relevant provisions of the T-DECS.

Citi, the leading global financial services company, 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 www.citigroup.com.