Citigroup in $2 Billion Debt Offering

February 14, 2006

Cleary Gottlieb represented the underwriters, led by Citigroup Global Markets Inc., in a $2 billion offering of 5.125% notes due 2011 issued by Citigroup Inc., Citigroup Global’s parent. The notes, issued under a shelf registration statement, were offered for sale in the United States and abroad, and will be listed on the Luxembourg Stock Exchange.

Citigroup, a global financial services company with approximately 200 million customer accounts in more than 100 countries, provides financial products and services, including banking, consumer financing, investment banking and securities brokerage.