Citigroup Inc. Announces Results of Cash Tender Offer to Purchase Any and All of Certain Series of its Outstanding Notes

Citi has accepted for purchase all Notes validly tendered and not validly withdrawn and expects to settle all tenders and commitments on February 8, 2010 (the "Settlement Date"). The aggregate U.S. dollar amount indicated above is based on U.S. dollar exchange rates as of February 3, 2010.

The table below sets forth additional detail regarding the Notes to be purchased.


                               Aggregate                        Aggregate
                               Principal        Aggregate       Principal
Title of         CUSIP / ISIN  Amount           Principal       Amount Expected
Security         No.           Outstanding      Amount to be    to
                               Prior            Purchased       be Outstanding
                               to the Offer                     After
                                                                Settlement

U.S. Dollar
Notes

4.625% Notes     172967DA6 /   $1,250,000,000   $641,695,300    $608,304,700
due 2010         US172967DA60

5.125% Notes     172967DH1 /   $2,000,000,000   $293,486,000    $1,706,514,000
due 2011         US172967DH14

Non-U.S. Dollar
Notes

0.700% Notes     JP584119B360  JPY              JPY             JPY
due 2010                       25,000,000,000   7,800,000,000   17,200,000,000

1.510% Notes     JP584119A768  JPY              JPY             JPY
due 2010                       30,000,000,000   3,200,000,000   26,800,000,000

Floating Rate                  JPY              JPY             JPY
Notes due 22     JP584119E760  30,000,000,000   24,700,000,000  5,300,000,000
June 2010

0.740% Notes     JP584119A594  JPY              JPY             JPY
due 2010                       75,000,000,000   35,500,000,000  39,500,000,000

Floating Rate    XS0233760247  GBP500,000,000   GBP392,549,000  GBP107,451,000
Notes due 2010

1.750% Notes     CH0022549015  CHF 350,000,000  CHF 74,440,000  CHF 275,560,000
due 2010

Floating Rate
Notes due 9      AU300CGRP049  A$450,000,000    A$367,180,000   A$82,820,000
June 2010

5.750% Notes     AU300CGRP031  A$800,000,000    A$316,020,000   A$483,980,000
due 9 June 2010

Citi's affiliate Citigroup Global Markets Inc. acted as the dealer manager for the Offer. Global Bondholder Services Corporation was the depositary and information agent with respect to the Notes denominated in U.S. dollars. Lucid Issuer Services Limited was the tender agent and information agent with respect to Notes that are both denominated in currencies other than U.S. dollars and that are held at Euroclear or Clearstream.

This press release is neither an offer to purchase nor a solicitation to buy any of the Notes nor is it a solicitation for acceptance of the Offer. Citi made the Offer only by, and pursuant to the terms of, the Offer to Purchase and the related Letter of Transmittal previously distributed to holders of Notes. The Offer was not made to (nor were tenders of Notes accepted from or on behalf of) holders of Notes 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. This announcement must be read in conjunction with the Offer to Purchase and, where applicable, the related Letter of Transmittal.

United Kingdom. The communication of the Offer to Purchase and any other documents or materials relating to the Offer was not made and such documents and/or materials have not been approved by an authorized person for the purposes of Section 21 of the Financial Services and Markets Act 2000. Accordingly, such documents and/or materials were not distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents and/or materials as a financial promotion was only made to those persons in the United Kingdom falling within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or within Article 43(2) of the Order, or to other persons to whom it may lawfully be communicated in accordance with the Order.

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.

Certain statements in this release, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors. For a discussion of additional risks and uncertainties that may affect Citi's future results, see Citi's periodic reports filed with the U.S. Securities and Exchange Commission and available on www.sec.gov or www.citigroup.com.


    Source: Citigroup Inc.