ClientLogic in SITEL Corporation Acquisition

October 25, 2006

Cleary Gottlieb is representing Citigroup Global Markets in its capacity as financial advisor to SITEL Corporation in connection with the acquisition of SITEL Corporation by ClientLogic Corporation. ClientLogic will pay $4.05 per share in cash for all the outstanding common stock of SITEL. The transaction values SITEL at approximately $450 million.

SITEL is a leading global provider of outsourced customer support services. ClientLogic is a leading global business process outsourcing provider in the customer care and back office processing industries.