Citigroup Announces Redemption of Trust Preferred Securities Issued by Citigroup Capital XIX

  Citigroup Announces Redemption of Trust Preferred Securities Issued by
  Citigroup Capital XIX

Business Wire

NEW YORK -- July 12, 2012

Citigroup Inc. is announcing the redemption of a series of Citi trust
preferred securities –the 7.250% Enhanced TRUPS^® issued by Citigroup Capital
XIX (CUSIP: 17311U200) (the “ETRUPS^®”). The ETRUPS^® are being redeemed,
along with the common securities issued by Citigroup Capital XIX and held by
Citi, as a result of the concurrent redemption in whole by Citi of the junior
subordinated debt securities held by Citigroup Capital XIX which underlie the
ETRUPS^®.

The redemption date for the ETRUPS^® will be August 15, 2012, and the cash
redemption price paid on the redemption date will equal $25 plus $0.3021 in
accumulated and unpaid distributions per ETRUPS^®.

Beginning on the redemption date, the ETRUPS^® will no longer be considered
outstanding and distributions will no longer accrue on the ETRUPS^®.

Under the terms and conditions of the ETRUPS^® Citigroup has the option to
redeem the ETRUPS^® in whole or in part on one or more occasions any time on
or after August 15, 2012. Accordingly, Citi has elected to redeem the ETruPS®
on August 15, 2012 in whole. As a result of this redemption, Citigroup’s Tier
1 Capital is expected to decrease by approximately $0.6B and its Tier 1
Capital ratio is expected to decrease by approximately 6 basis points.
Citigroup’s Tier 1 Common capital and related Tier 1 Common ratio, under Basel
I and as estimated under Basel III, will not be affected by this redemption.

The Bank of New York Mellon is the paying agent for the ETRUPS^®.

For further information on this series of Citi trust preferred securities,
please see the Capital XIX ETRUPS^® prospectus at the following web address:

http://www.sec.gov/Archives/edgar/data/831001/000095012307011353/y37671bce424b2.htm

Citi, the leading global bank, has approximately 200 million customer accounts
and does business in more than 160 countries and jurisdictions. Citi provides
consumers, corporations, governments and institutions with a broad range of
financial products and services, including consumer banking and credit,
corporate and investment banking, securities brokerage, transaction services,
and wealth management..

Certain statements in this release, including without limitation the expected
impact of the redemption on Citigroup's Tier 1 Capital and Tier 1 Common
capital, are "forward-looking statements" within the meaning of the rules and
regulations of the U.S. Securities and Exchange Commission. These statements
are based on management's current expectations and are subject to uncertainty
and changes in circumstances. Actual results may differ materially from those
included in these statements due to a variety of factors, including without
limitation the actual completion of the redemption, the completion of the
final analysis of the capital impact on Citigroup as a result of the
redemption and the precautionary statements contained in Citi's filings with
the U.S. Securities and Exchange Commission, including without limitation the
"Risk Factors" section of Citi's 2011 Annual Report on Form 10-K.
Precautionary statements included in such filings should be read in
conjunction with this release.

Additional information may be found at www.citigroup.com | Twitter: @Citi |
YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook:
www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

Contact:

Citigroup
Media:
Jon Diat, 212-793-5462
or
Shannon Bell, 212-793-6206
or
Investors:
John Andrews, 212-559-2718
or
Fixed Income Investors:
Ilene Fiszel-Bieler, 212-559-5091