Citigroup in $750 Million Debt Offering

May 31, 2005

Cleary Gottlieb represented the underwriters, led by Citigroup Global Markets Inc., in a $750 million offering of 4.70% senior notes due 2015 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 Inc., a global financial services company with approximately 200 million customer accounts in more than 100 countries, provides financial products and services, including banking, investment banking, insurance, securities brokerage and asset management.