Citi Announces Major New Grant of US$1.24 Million to Expand Support of Financial IT Education in China

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, Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.

Citi China
Citi first established an office in China on May 15, 1902, in Shanghai. Today Citi is the premier foreign bank operating in China, offering the broadest product range of any foreign bank in China. Citi currently operates seven corporate & investment bank branches - Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Chengdu and Hangzhou, twenty consumer bank outlets in Shanghai, Beijing, Tianjin, Guangzhou, Shenzhen, Chengdu and Hangzhou. With operations in more than 100 countries around the world, Citi is the most global of all foreign banks in China.

Citi Foundation
The Citi Foundation is committed to enhancing economic opportunities for underserved individuals and families in the communities where we work throughout the world. To achieve this goal, the Citi Foundation is focusing its giving on microfinance and microentrepreneurship which helps individuals become economically self-sufficient; small and growing businesses leading to economic expansion and job creation; education including basic education for youth and financial education; and the environment with a focus on sustainable enterprises that generate jobs and stimulate economic growth while preserving the environment. Additional information can be found at http://www.citigroupfoundation.com/.


	Printer Friendly Page		FOR IMMEDIATE RELEASE Citigroup Inc. (NYSE: C) November 30, 2007 Citi Announces Major New Grant of US$1.24 Million to Expand Support of Financial IT Education in China Shanghai – Citi China today unveiled a major new grant of US$1.24 million in support of Citi's Financial Information Technology ("IT") Education Program in China. The program, launched in 2004 with an initial grant from the Citi Foundation of $630,000, is the first in China that specializes in encouraging and cultivating talent in the financial IT profession. The new grant will be made across three years from 2007 to 2009. Mr. Richard Stanley, Chief Executive Officer, Citi China, said, "Technology is a fundamental driver of financial innovation. A healthy IT sector that can support the evolving needs of China's banking sector is crucial to both the banking sector and the greater economy. We are delighted to be able to continue and expand the Citi Financial IT Education Program. We expect it will help attract the best and brightest talent to this field, and ensure that China has a vibrant IT sector that supports the ongoing success of its financial services sector." To date, Citi has invested US$760,000 in the program, reaching teachers and students in the areas of finance, management, software, and computer science in more than 30 respected universities. The Citi Financial IT Education Program consists of three main elements: scholarships and fellowships for students and teachers, a mainframe-training program and a software competition. Since its inception, the program has enjoyed great success. In the past three years, the scholarship and fellowship and mainframe training program have benefited more than 1,000 teachers and students. The software competition, with a focus on the value that IT brings to the financial industry, attracts more than 1,500 students each year. Selections of award winning entries from the competition have been shown at Cebit Asia 2007 and the Global IT Outsourcing Summit 2007 Shanghai, to great acclaim and interest. The mainframe training initiative runs in three universities; Beijing University, Fudan University, and Huazhong University of Science and Technology. Recognizing the imperative to support the ongoing strengthening of financial IT resources in China, the Citi Foundation has expanded its support for the Citi Financial IT Education Program. In addition to the existing programs, the new grant will allow the introduction of three new initiatives. The first of these will see financial support given to allow Beijing University to establish a financial information-engineering department. The program will be the first in the Chinese education system that combines practical business knowledge, especially banking knowledge, with IT education and it is to be jointly run by industry representatives from financial services and technology sectors and academia. Second, the new fund will support the foundation of a Financial IT Security Study and Practice Center at Fudan University. The center will place a focus on topics that relate to financial IT security, including new technology usage, possible risks associated with existing technology, technology trends in the financial services industry and testing of secure cryptographic systems designed for specific financial industry needs. Most importantly, the center will provide students with opportunities to put their technology knowledge into practice. Finally, the grant will help to launch a "train-the-trainer" program at Southwestern University of Finance and Economics. Every year, two training sessions, each at two weeks' long, will be organized for IT teachers from the twenty universities that are participating Citi's education program. Training will be in the form of classroom lectures, as well as through visits to banks and software centers so as for teachers to gain practical insights and experiences. The training curriculum will be based around a new book called "Basic Banking Knowledge," which will be developed by Southwest University of Finance and Economic, Sichuan University and Xi'an, Jiaotong University. # # # 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, Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com. Citi China Citi first established an office in China on May 15, 1902, in Shanghai. Today Citi is the premier foreign bank operating in China, offering the broadest product range of any foreign bank in China. Citi currently operates seven corporate & investment bank branches - Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Chengdu and Hangzhou, twenty consumer bank outlets in Shanghai, Beijing, Tianjin, Guangzhou, Shenzhen, Chengdu and Hangzhou. With operations in more than 100 countries around the world, Citi is the most global of all foreign banks in China. Citi Foundation The Citi Foundation is committed to enhancing economic opportunities for underserved individuals and families in the communities where we work throughout the world. To achieve this goal, the Citi Foundation is focusing its giving on microfinance and microentrepreneurship which helps individuals become economically self-sufficient; small and growing businesses leading to economic expansion and job creation; education including basic education for youth and financial education; and the environment with a focus on sustainable enterprises that generate jobs and stimulate economic growth while preserving the environment. Additional information can be found at http://www.citigroupfoundation.com/.