Citi Foundation Supports American University of Kuwait's Scholarship Program

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. Citi's major brand names include Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.

Citi Foundation
The Citi Foundation supports organizations that help people improve their lives, businesses to grow, and communities to prosper around the world. The Citi Foundation focuses its grants primarily in three areas: financial education, educating the next generation, and building communities and entrepreneurs. Additional information can be found at http://www.citigroupfoundation.com

Citi Financial Education Program
Based on the belief that knowledge is your greatest asset, the Citi Financial Education Program is a global, company-wide effort to identify, support and implement initiatives that help give individuals, families and communities the tools needed to make sound financial decisions. Citi's ten-year, $200 million global commitment is focused in three areas: Personal, Small Business and Institutional Financial Education. Additional information about Citi Financial Education Program, including Citi Foundation guidelines, links and resources and the Citi Financial Education Program Curriculum and Facilitator's Guide may be found at http://financialeducation.citigroup.com

The American University of Kuwait
The American University of Kuwait is a liberal arts institution based on the American model of higher education. It is dedicated to providing students with knowledge, self-awareness, and personal growth experiences that can enhance critical thinking, effective communication, and respect for diversity. AUK seeks to create leaders and life-long learners who aspire to the highest standards of moral and ethical responsibility in their societies. The College of Arts and Sciences at the American University of Kuwait offers Degree programs in Social & Behavioral Sciences, International Studies, Media & Communication, Accounting, Finance, Marketing, Management, Information Systems, Computer Science, Graphic Design, English Language and Economics.

To support the recruitment and retention of academically deserving students, AUK has developed and funded an extensive academic scholarship program. In 2006, AUK awarded nearly KD 105,000 in multi-year academic scholarships to new Fall 2006 and Spring 2007 applicants as well as returning AUK students. AUK has committed another KD105,000 in scholarship funds for the incoming Fall 2007 and Spring 2008 classes. For more information on AUK please visit www.auk.edu.kw.


	Printer Friendly Page		FOR IMMEDIATE RELEASE Citigroup Inc. (NYSE: C) September 17, 2007 Citi Foundation Supports American University of Kuwait's Scholarship Program Provides USD 25,000 to School of Business Scholarship Program Kuwait City – Citi Foundation announced today that it has granted the American University of Kuwait (AUK) USD 25,000 towards AUK's scholarship program for the 2007-2008 academic year. The funds will be used towards the AUK scholarship program, intended specifically for qualified students studying for a Bachelor of Business Administration or Bachelor of Arts in Economics. The grant will promote the study of finance, economics, and related business disciplines at AUK. "We welcome Citi's commitment to the Kuwaiti community through financing the education of students whose only restriction to obtaining qualifications is financial," said AUK's President, Dr. Marina Tolmacheva. "This donation will enhance the offerings that AUK's scholarship program presents to our students and will give them the opportunity to obtain a quality education with international standards," she added. Raj Dvivedi, General Manager for Citi in Kuwait, said: "Our support for AUK's scholarship program underscores Citi's commitment to supporting financial education in Kuwait in order to help achieve the national goal of educating local professionals, mainly in business disciplines. We are proud to be associated with AUK and look forward to partnering with the university in other strategic initiatives." Citi has been in the Arab World for nearly 50 years and continues to view the region as critical to its global franchise. It is currently present in ten Arab countries including Egypt, UAE, Lebanon, Jordan, Tunisia, Morocco, Algeria, Bahrain, Qatar and Kuwait. Since establishing its fully licensed branch in Kuwait in 2006, Citi has evolved into an active corporate citizen, with a particular interest in supporting financial education and developing Kuwait's talent pool. Over 100 young Kuwaitis have so far received certified training on financial literacy, life skills and personal economics through Citi's sponsored training programs. Recently, Citi and the Citi Foundation announced a ten-year, $200 million global financial education commitment, the formation of a new Office of Financial Education and a global initiative designed to encourage its 300,000 employees around the world to devote time to support financial education and other charitable causes. Under the new initiative, employees may take a day off from work to volunteer for non-profit organizations in their communities. # # # 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. Citi's major brand names include Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com. Citi Foundation The Citi Foundation supports organizations that help people improve their lives, businesses to grow, and communities to prosper around the world. The Citi Foundation focuses its grants primarily in three areas: financial education, educating the next generation, and building communities and entrepreneurs. Additional information can be found at http://www.citigroupfoundation.com Citi Financial Education Program Based on the belief that knowledge is your greatest asset, the Citi Financial Education Program is a global, company-wide effort to identify, support and implement initiatives that help give individuals, families and communities the tools needed to make sound financial decisions. Citi's ten-year, $200 million global commitment is focused in three areas: Personal, Small Business and Institutional Financial Education. Additional information about Citi Financial Education Program, including Citi Foundation guidelines, links and resources and the Citi Financial Education Program Curriculum and Facilitator's Guide may be found at http://financialeducation.citigroup.com The American University of Kuwait The American University of Kuwait is a liberal arts institution based on the American model of higher education. It is dedicated to providing students with knowledge, self-awareness, and personal growth experiences that can enhance critical thinking, effective communication, and respect for diversity. AUK seeks to create leaders and life-long learners who aspire to the highest standards of moral and ethical responsibility in their societies. The College of Arts and Sciences at the American University of Kuwait offers Degree programs in Social & Behavioral Sciences, International Studies, Media & Communication, Accounting, Finance, Marketing, Management, Information Systems, Computer Science, Graphic Design, English Language and Economics. To support the recruitment and retention of academically deserving students, AUK has developed and funded an extensive academic scholarship program. In 2006, AUK awarded nearly KD 105,000 in multi-year academic scholarships to new Fall 2006 and Spring 2007 applicants as well as returning AUK students. AUK has committed another KD105,000 in scholarship funds for the incoming Fall 2007 and Spring 2008 classes. For more information on AUK please visit www.auk.edu.kw.