Citigroup Extending Early Tender Offer to December 7

Citigroup Inc. (“Citigroup”) today announced the extension of the Early Tender Date, the Price Determination Date and the Expiration Date of its previously announced cash tender offers (each, an “Offer” and, collectively, the “Offers”). Notes tendered pursuant to these Offers, currently totaling up to $910,000,000, reflect Citigroup's continued robust liquidity position and are consistent with its recent liability management initiatives. Year-to-date, and excluding these Offers, Citigroup has decreased its outstanding long-term debt by approximately $13.9 billion through liability management initiatives, including the previously announced redemptions of trust preferred securities. Coupled with the ongoing natural maturing of long-term debt that requires no refinancing, these initiatives result in lower borrowing costs and reduce the overall level of Citigroup's long-term debt outstanding. Citigroup will continue to consider opportunities to repurchase its long-term as well as short-term debt based on several factors, including without limitation the economic value, potential impact on Citigroup's net interest margin and borrowing costs and the overall remaining tenor of its debt portfolio.