Citi Provides Historical Financial Data for Businesses within Citicorp, Citi Holdings and Corporate/Other

* Reuters is not responsible for the content in this press release.

Fri Jul 10, 2009 8:00am EDT

Separation of businesses enhances ability to reduce assets, optimize value, and
simplify and streamline Citi
NEW YORK--(Business Wire)--
On January 16, 2009, Citi announced its realignment into three new reporting
segments: Citicorp, Citi Holdings and Corporate/Other. Today, Citi is providing
a historical Quarterly Financial Data Supplement for these segments. The
supplement includes quarterly results from the first quarter of 2007 through the
first quarter of 2009, and yearly results from 2006 through 2008, to reflect the
new reporting structure and assist the historical analysis process. 

Citi implemented this realignment in February, and though there is no legal
separation of the three segments, financial reporting will reflect the new
structure going forward, beginning with the second quarter of 2009. 

"The creation of Citicorp and Citi Holdings reflects our strategy to refocus the
company on its greatest strength: our global institutional and consumer banking
businesses, while exiting non-core businesses and reducing risk assets," said
Vikram Pandit, Chief Executive Officer. "Citicorp is an extraordinary franchise
with the largest global presence of any financial services firm in the world.
Our focus is to grow Citicorp while managing our long term exit from the
non-core businesses and assets held in Citi Holdings." 

As previously announced:

* Citicorp consists of Regional Consumer Banking in North America, EMEA, Asia
and Latin America, and the Institutional Clients Group (Securities and Banking,
including the Private Bank, and Transaction Services). 
* Citi Holdings consists of Brokerage and Asset Management, Local Consumer
Lending, and a Special Asset Pool. At the end of the first quarter 2009, Citi
had $235.8 billion of on-balance sheet assets covered by the loss-sharing
agreement with the U.S. Government. Local Consumer Lending holds approximately
75% of these assets (mostly Consumer assets), and the Special Asset Pool holds
the remainder (mostly former Securities and Banking assets). 
* Corporate/Other and Discontinued Operations will be reported at the Citigroup
level, and will not be reflected in Citicorp and Citi Holdings results.

The reformatted Quarterly Financial Data Supplement, as well as historical Press
Release Disclosed Items, Securities and Banking Revenue Marks, and a Citigroup
Segment Chart, each mapped to the new structure, are now posted on Citi`s
Investor Relations website at http://www.citigroup.com/citigroup/fin. 

Citi will announce second quarter results on Friday, July 17, 2009 at 8 a.m.
(New York time). 

Citi, the leading global financial services company, has approximately 200
million customer accounts and does business in more than 140 countries. Through
its two operating units, 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, and wealth management. Additional
information may be found at www.citigroup.com or www.citi.com. 





Citi
Media:
Alex Samuelson, 212-559-2791
Shannon Bell, 212-793-6206
or
Investors:
John Andrews, 212-559-2718
or
Fixed Income Investors:
Ilene Fiszel Bieler, 212-559-5091 

Copyright Business Wire 2009

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