Market Overview

Citigroup Announces Approximately €1.29 Billion Redemption of 4.75% Fixed Rate / Floating Rate Subordinated Notes due February 2019


Citigroup Inc. is announcing the redemption, in whole, constituting
€1,288,000,000 in aggregate principal amount, of its 4.75% Fixed Rate /
Floating Rate Subordinated Notes due February 2019 (the "notes") (ISINS:
XS0185490934 (for the international notes) and US172967CG 40 (for the
DTC notes)).

The redemption date for the notes is February 10, 2018. The cash
redemption price payable for the notes on the redemption date will equal
par plus €3,601,982.00 in accrued and unpaid interest. The redemption
announced today is consistent with Citigroup's liability management
strategy, and reflects its ongoing efforts to enhance the efficiency of
its funding and capital structure. Since 2015, Citigroup redeemed or
retired $26.3 billion of its securities, reducing Citigroup's overall
funding costs. Citigroup will continue to consider opportunities to
redeem or repurchase securities, based on several factors, including
without limitation, the economic value, regulatory changes, potential
impact on Citigroup's net interest margin and borrowing costs, the
overall remaining tenor of Citigroup's debt portfolio, capital impact,
as well as overall market conditions.

Citigroup's Basel III Tier 2 Capital will not be affected by the planned

Beginning on the redemption date, the notes will no longer be
outstanding and interest will no longer accrue on such securities.

Citibank, N.A. is the paying agent for the notes. For further
information on the notes, please see the related final terms at the
following web address:


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
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