Citi Wins "Most Innovative Bank in Climate Change" Award from The Banker Magazine

Value of Citi`s "Green" Initiatives Approach $22 Billion
NEW YORK--(Business Wire)--
Citi announced today it had been named "Most Innovative Bank in Climate Change"
by TheBanker Magazine, a prestigious global publication on banking and finance.

The award is unique in that it focuses exclusively on innovation - in products,
structures and delivery. Among the reasons cited for Citi`s selection were its
ground-breaking $50 billion commitment to addressing global climate change; its
work on the Noble Environmental Power project, a 15 year, $741 million
construction and term loan that remains the largest wind financing deal to date;
and the leadership of Citi`s Environmental Products trading team in developing
new transaction structures that deliver sustainable margins to buyers and
sellers in a volatile price environment.

"We are proud and delighted to win this award," said Sandip Sen, head of Citi`s
Alternative Energy Group. "Citi has been a leader in environmental
sustainability for eight years and we remain committed to supporting
energy-saving `green` projects in the marketplace and within our own operations.
We do this in service to our clients and the world because it makes good
business sense and addresses what is, arguably, the single biggest issue facing
the world - the issue of climate change."

Now in its seventh year, The Banker`s Investment Banking Awards recognize the
impact of innovation in helping banks evolve to meet new industry requirements.
Winners are selected by a panel of high-level independent judges drawn from the
global business and finance community.

Citi`s commitment to integrating social and environmental responsibility into
its global operations is long-standing. In May 2007, the bank announced a
10-year, $50 billion initiative to address global climate change through
investments, financings and related activities that support the
commercialization and growth of alternative energy and clean technology in
markets around the world. In 2008, Citi helped craft the Carbon Principles, new
and groundbreaking industry standards addressing carbon risks in the financing
of electric power plants in the United States. Prior to that, Citi was one of
the pioneer banks that devised the Equator Principles, a framework to manage and
assess the financing of large infrastructure projects to ensure sound
environmental and social practices. Citi has also publically committed to
reducing its greenhouse gas emissions by 10 percent by 2011.

Citi is a member of the Dow Jones Sustainability World Index (DJSI), and
received the second highest ranking in its sector in Newsweek`s 2009 Green
Rankings, an environmental ranking of the "greenest" companies in America.

Pam Flaherty, President & CEO of the Citi Foundation and director of Corporate
Citizenship, said, "Citi has been working on environmental sustainability
projects for eight years and has built a very substantial track record. It is a
measure of the seriousness with which Citi has taken this commitment that
climate change has not slipped by the wayside during the current economic
downturn."

2008 Climate Change Projects

Citi is making strong progress toward reaching its climate change goals. Today,
the company`s portfolio of climate-related activities is valued at $21.76
billion, including 2008 commitments totaling $3.98 billion. Among the
sustainability projects included in the 2008 commitment:

* The Noble Environmental Power project is the US`s largest wind financing deal
to date. The $741 million, 15-year construction and term loan financed three
separate wind parks in New York State. Over the next 20 years, Noble estimates
that the combined projects will generate $150 million to their respective local
economies and provide enough energy to power approximately 110,000 homes
annually.

* The Green Energy Community Investment Fund, created by Helio Micro Utility and
Citi Community Capital, financed up to four megawatts of solar electricity
production in 2008 to help fund the solar installation of power systems for
commercial buildings, apartment buildings and public sector facilities
throughout the United States with an emphasis on reaching underserved
communities.
* Project Green, Citi`s e-statement initiative in consumer and GTS businesses in
28 countries to reduce energy and related greenhouse gas emissions and materials
used to produce print and mail paper statements.

About Citi

Citi, the leading global financial services company, has approximately 200
million customer accounts and does business in more than 140 countries. Through
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.

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Citi
Communications
Andrea Hurst, +1 212 559 4767
andrea.hurst@citi.com

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