Citigroup (C)

Non-GAAP Financial Measures

The following measures are considered “non-GAAP financial measures” under SEC guidelines:

1)              Citigroup 2009 managed revenues

2)              Citigroup 4Q managed revenues

3)              Citigroup 4Q managed net credit losses

4)              Citigroup 4Q consumer managed net credit losses

5)              Citi-branded cards 4Q average managed loans

6)              Citicorp 4Q managed revenues

7)              Citicorp 4Q managed net credit losses

8)              Citi Holdings 4Q managed revenues

9)              Citi Holdings 4Q managed net credit losses

10)        Regional Consumer Banking 4Q managed revenues

11)        Regional Consumer Banking — North America 4Q managed revenues

12)        Regional Consumer Banking — North America 2009 managed revenues

13)        Regional Consumer Banking — North America 4Q managed net credit losses

14)        Citi Holdings - Retail Partner Cards 4Q managed net credit losses

15)        Tangible Common Equity

16)        Tier 1 Common Ratio

Reconciliation of the aforementioned non-GAAP measure to the most directly comparable GAAP measure follows:

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Non-GAAP Financial Measures

        The following are measures considered "non-GAAP financial measures" under SEC guidelines:

1)

Citi revenues excluding the impact of acquisitions.



2)

Citi operating expenses excluding the impact of acquisitions.



3)

International Consumer revenues excluding Japan Consumer Finance.



4)

U.S. Retail Distribution revenues excluding the gain on sale of upstate New York branches recorded in 2Q'06.



5)

U.S. Retail Distribution net income excluding the gain on sale of upstate New York branches recorded in 2Q'06.



6)

Private Bank net income excluding an APB 23 tax benefit recorded in 2Q'07.

        The Company believes that these non-GAAP financial measures provide a better understanding of ongoing operations and enhance comparability of those results in prior periods as well as demonstrating the effects of unusual charges in the quarter. The Company believes that a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. The Company believes that investors may find it useful to see these non-GAAP financial measures to analyze financial performance without the impact of unusual items that may obscure trends in the Company's underlying performance.

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        Reconciliation of the GAAP financial measures to the aforementioned non-GAAP measures follows:

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Non-GAAP Financial Measures

        The following measures are considered "non-GAAP financial measures" under SEC guidelines:

(i)

Income excluding the litigation charges and gain on Samba.

        The Company believes that these non-GAAP financial measures provide a fuller understanding of ongoing operations and enhance comparability of those results in prior periods as well as demonstrating the effects of unusual charges in the year. The Company believes that a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. The Company believes that investors may find it useful to see these non-GAAP financial measures to analyze financial performance without the impact of unusual items that may obscure trends in the Company's underlying performance.

        Reconciliation of the GAAP financial measures to the aforementioned non-GAAP measures follows:

TOTAL CITIGROUP
(In Millions of Dollars, except EPS)

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