Citigroup Inc. Announces T-DECS Adjustments to Result From Common Dividend and Final Settlement of T-DECS on December 17, 2012

  Citigroup Inc. Announces T-DECS Adjustments to Result From Common Dividend
  and Final Settlement of T-DECS on December 17, 2012

Business Wire

NEW YORK -- November 14, 2012

Citigroup Inc. announced the declaration by its Board of Directors of a
dividend of $0.01 per share of common stock payable on November 21, 2012 to
holders of record on November 5, 2012. Effective on the payment of this
dividend, an adjustment will be made to the settlement rates and certain other
terms of Citi's T-DECS, as set forth below. No adjustment will be made to the
terms of Citi's warrants or convertible preferred stock because the amount of
the dividend to be paid is less than the threshold amount required for an

Pursuant to the terms of the T-DECS, on December 17, 2012, Citi will deliver
shares of its common stock in settlement of the prepaid stock purchase
contract component of each outstanding T-DECS The number of shares of Citi
common stock to be delivered per T-DECS will be based on the applicable market
value of Citi’s common stock, which will be determined by averaging the daily
volume weighted average prices of the common stock during the period from
November 14 to December 12, 2012, inclusive. No additional consideration will
be required from holders of the T-DECS in connection with the mandatory
settlement of the purchase contracts.

The subordinated amortizing note component of the T-DECS also will mature on
December 17, 2012, and no T-DECS will remain outstanding after that date.

You should refer to the T-DECS Prospectus dated December 16, 2009 and the
related Current Report on Form 8-K filed on December 24, 2009 for the
definitions of the terms below and for other relevant provisions of the

                              Prior to November 21   From November 21
Minimum Settlement Rate        2.5444                 2.5451
Maximum Settlement Rate        3.1804                 3.1813
Reference Price                $ 31.44                $ 31.43
Threshold Appreciation Price   $ 39.30                $ 39.29

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.

Additional information may be found at | Twitter: @Citi |
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Mark Costiglio, 212-559-4114
Susan Kendall, 212-793-1928
Fixed Income Investors:
Susan Kendall, 212-559-5091
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