Citi in Three Offerings Totaling $3.5 Billion

May 6, 2014

Cleary Gottlieb represented the underwriters, led by Citigroup Global Markets Inc., in a registered offering of 1,750,000 Depositary Shares, each representing a 1/25th interest in a share of 6.300% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock ($25,000 liquidation preference per share) issued by Citigroup Inc. on April 30, 2014.

Cleary also represented the underwriters in two recent debt offerings by Citigroup Inc. On May 1, 2014, Citi issued $750 million of Floating Rate Notes due 2017 and on May 6, Citi issued $1 billion of 5.300% Subordinated Notes due 2044. All of the securities were offered for sale in the United States, Europe, Asia and elsewhere.

Citigroup Inc., a global diversified financial services holding company, provides a broad range of financial products and services to consumers, corporations, governments and institutions. Citigroup has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions.