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Citigroup Global Markets Inc. Announces Expiration and Final Results of Its Tender Offer for Any and All of Skytop’s Income Notes

Citigroup Global Markets Inc. (“Citi”) announced today the expiration on October 14, 2011 and final results of its cash tender offer (the “Offer”) to purchase any and all of the outstanding U.S. $31,000,000 Income Notes Due 2018 (the “Income Notes”) issued by Skytop CLO Ltd., an exempted company incorporated with limited liability under the laws of the Cayman Islands (the “Issuer”) for the consideration set forth in the table below (the “Offer Consideration”) and purchased by Citi in the Offer and on the terms and conditions set forth in the Offer to Purchase dated September 16, 2011 (the “Offer to Purchase”).

As of 11:59 p.m., New York City time, on October 14, 2011 (the “Expiration Time”), the aggregate principal amount of Income Notes tendered and not withdrawn, the percentage of Income Notes tendered and not withdrawn, and the Offer Consideration to be received by Holders for each $1,000 principal amount of Income Notes accepted was as set forth below:

ClassPrincipal Amount Tendered and Not WithdrawnPrincipal Amount Outstanding as of September 16, 2011Percentage of Outstanding Income Notes TenderedOffer Consideration
(per $1,000 principal amount)
Income Notes Due 2018 $14,500,000 $31,000,000 46.77% $ 400

The CUSIP for the Income Notes are set forth below:

SecurityCUSIP
Income Notes Due 2018 83088EAA8 (Rule 144A Income Notes)
G81836AA9 (Regulation S Income Notes)
83088EAB6 (Accredited Investor Income Notes)

All of the Income Notes that were tendered at or prior to the Expiration Time have been accepted for purchase by Citi, with settlement expected to occur promptly after the Expiration Time.

Additional Information

Global Bondholder Services Corporation is the Information Agent and Depositary for the Offer. Questions regarding the Offer should be directed to Citi, attention John Clements, Managing Director, Structured Credit Group at (212) 723-6173 (collect). Requests for documentation should be directed to Global Bondholder Services Corporation at (212) 430-3774 (for banks and brokers only) or (866) 294-2200 (for all others toll-free). This announcement is for informational purposes only. This announcement is not an offer to purchase or a solicitation of an offer to purchase with respect to any Preferred Shares. The Offer was made solely pursuant to the Offer to Purchase and related documents. The Offer was not made to holders of Preferred Shares in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.

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 | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | LinkedIn: www.linkedin.com/company/citi

Contacts:

Citigroup Inc.
Media: Mark Costiglio +1 212-816-8020
Investor: Ilene Fiszel Bieler +1 212-559-5091

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