Press releases

17 May 2007 - Boost potential returns in 18 months with Citibank's new Market Linked Deposit¹

London: Citibank is offering investors the opportunity to benefit from increases in UK and overseas equities through its new '18 Month Market Linked Deposit', which combines 100% capital protection at maturity with a maximum potential return of up to 20% over the full investment term(1).

Market linked deposits are like savings accounts and time deposits, but instead of earning interest they provide the opportunity to earn a higher return by investing in stock market performance while at the same time protecting the initial deposit if the investment is held until maturity.

Citibank's ' 18 Month Market Linked Deposit' pays a return linked to the performance of three leading stock market indices - the FTSE 100, S&P 500 and EuroStoxx 50. The return depends on how well these equity market Indices perform over the full 18 months, with a return capped at 20% over the full investment term(1).

Jonathan Gains, Head of Investments, Citibank, said: "Most of us still tend to place our cash on deposit, but this means losing out on potential higher returns generated by equities. Market linked deposits offer a good entry into the stock market, as investors are protected from extreme movements in share prices whilst potentially obtaining better returns than deposit interest."

He added: "Citibank wealth management service is not linked to any investment companies. Instead we offer a range of options from some of the best product providers in the UK. This enables us to make unbiased recommendations about products and services based on investors needs, not ours."

The minimum investment in the Citibank '18 Month Market Linked Deposit' is £5,000 (maximum £2 million). The offer is open until 25 May 2007 and is available online at www.citibank.co.uk, Citibank branches or by calling 0800 00  88 00. New to bank clients will need to open a Citibank current or savings account to invest in this product.

Notes to editors:

(1) Risk warning

Investment products are not insured by any governmental agencies and are not bank deposits and are neither obligations of, nor guaranteed by Citigroup, or any of its affiliates. They are subject to investment risk, including possible loss of principal amount invested. Past performance is not indicative of future results, investments can go down as well as up.

About Citi UK Consumer

Citi UK Consumer serves over one million customers with a wide range of Citibank cheque, savings, foreign currency accounts, personal loans, insurance, Citigold investment services; offshore International Personal Bank services, Citi Cards credit cards and Diners Club cards; and CitiFinancial consumer finance loans and mortgages from over 50 branches (46 consumer finance, 5 retail banking) and by 24/7 Citiphone and online banking services. Additional information may be found at www.citibank.co.uk, www.dinersclub.co.uk, www.citifinancial.co.uk, or www.ipb.citibank.co.uk.

About Citi

Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing 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, and wealth management. Major brand names under the trademark red arc include: Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com .