Citigroup in $1.25 Billion Debt Offering

August 3, 2005

Cleary Gottlieb represented the underwriters, led by Citigroup Global Markets Inc., in a $1.25 billion offering of 4.625% senior notes due 2010 issued by parent Citigroup Inc. 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 Inc., a global financial services company with approximately 200 million customer accounts in over 100 countries, provides financial products and services, including banking, investment banking, insurance, securities brokerage and asset management.