Citigroup (C)

ORGANIZATIONAL CHANGES

In January 2009, Citigroup announced its new corporate organizational structure.  As disclosed in the June 2009 10-Q and Exhibit 99.4 of Citigroup’s Current Report on Form 8-K filed on July 10, 2009, the Company is now organized into four segments — Citicorp’s Regional Consumer Banking, Citicorp’s Institutional Clients Group (Securities and Banking and Transaction Services), Citi Holdings and Corporate/Other.  See page 2 of Exhibit 99.01 attached hereto for additional information regarding Citigroup’s current segment and product lines.

As required by SFAS No. 131, “Disclosures about Segments of an Enterprise and Related Information,” the historical consolidated financial statements issued by Citigroup have been conformed to reflect modifications to its reportable segments resulting from these organizational changes, including reclassification of all comparative prior period segment information.

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Attached hereto as Exhibit 99.01 and incorporated by reference herein is voluntary supplemental information reflecting the impact of the discontinued operations and the realignment of reporting segments on the Company’s historical results of operations and organizational structure.  Information contained in Exhibit 99.01 should be read in conjunction with and as a supplement to information contained in Citigroup’s Annual Report on Form 10-K for the fiscal year ended December 31, 2008. Except for organizational and discontinued operations changes, and except as otherwise noted, all information presented in Exhibit 99.01 is as of December 31, 2008. For current discussions regarding business trends, reference is made to the June 2009 10-Q.

Also attached hereto as Exhibit 99.02 and incorporated by reference herein are updated historical consolidated financial statements of Citigroup which reflect both the sale of Nikko Cordial as discontinued operations as well as the realignment of Citigroup’s reporting segments.  The historical consolidated financial statements included in Exhibit 99.02 shall serve as the historical consolidated financial statements of Citigroup for existing and future filings made pursuant to the Securities Act of 1933, as amended, until Citigroup files its Annual Report on Form 10-K for the fiscal year ended December 31, 2009.

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ORGANIZATIONAL CHANGES

In March 2008, Citigroup announced its new corporate organizational structure.  As disclosed in Exhibit 99.1 of Citigroup’s Current Report on Form 8-K furnished on May 9, 2008, the Company is now organized into five segments — Global Cards; Consumer Banking; Institutional Clients Group (Securities and Banking and Transaction Services) Global Wealth Management and Corporate/Other — and four regions — North America (including the U.S., Canada and Puerto Rico); Europe, Middle East and Africa; Latin America (including Mexico); and Asia (including Japan).    See page 1 of Exhibit 99.01 attached hereto for additional information regarding Citigroup’s current segments and regions.

As required by SFAS No. 131, “Disclosures about Segments of an Enterprise and Related Information,” the historical consolidated financial statements issued by Citigroup have been conformed to reflect modifications to its reportable segments resulting from these organizational changes, including reclassification of all comparative prior period segment information.

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Attached hereto as Exhibit 99.01 and incorporated by reference herein is voluntary supplemental information reflecting the impact of the discontinued operations and the business segment changes on the Company’s historical results of operations and organizational structure.  Information contained in Exhibit 99.01 should be read in conjunction with and as a supplement to information contained in Citigroup’s Annual Report on Form 10-K for the fiscal year ended December 31, 2007. Except for organizational and discontinued operations changes, and except as otherwise noted, all information presented in Exhibit 99.01 is as of December 31, 2007. For current discussions regarding business trends, reference is made to the September 2008 10-Q.

Also attached hereto as Exhibit 99.02 and incorporated by reference herein are updated historical consolidated financial statements of Citigroup which reflect the sale of CitiCapital and the German Retail Banking Operation as discontinued operations, as well as the updated business segment disclosures.  The historical consolidated financial statements included in Exhibit 99.02 shall serve as the historical consolidated financial statements of Citigroup for existing and future filings made pursuant to the Securities Act of 1933, as amended, until Citigroup files its Annual Report on Form 10-K for the fiscal year ended December 31, 2008.

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ORGANIZATIONAL CHANGES

In March 2008, Citigroup announced its new corporate organizational structure.  As disclosed in Exhibit 99.1 of Citigroup’s Current Report on Form 8-K furnished on May 9, 2008, the Company is now organized into five segments – Global Cards; Consumer Banking; Institutional Clients Group (Securities and Banking and Transaction Services) Global Wealth Management and Corporate/Other – and four regions – North America (including the U.S., Canada and Puerto Rico); Europe, Middle East and Africa; Latin America (including Mexico); and Asia (including Japan).    See page 1 of Exhibit 99.01 attached hereto for additional information regarding Citigroup’s current segments and regions.

As required by SFAS No. 131, “Disclosures about Segments of an Enterprise and Related Information,” the historical consolidated financial statements issued by Citigroup have been conformed to reflect modifications to its reportable segments resulting from these organizational changes, including reclassification of all comparative prior period segment information.

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Attached hereto as Exhibit 99.01 and incorporated by reference herein is voluntary supplemental information reflecting the impact of the discontinued operations and the business segment changes on the Company’s historical results of operations and organizational structure.  Information contained in Exhibit 99.01 should be read in conjunction with and as a supplement to information contained in Citigroup’s Annual Report on Form 10-K for the fiscal year ended December 31, 2007. Except for organizational and discontinued operations changes, and except as otherwise noted, all information presented in Exhibit 99.01 is as of December 31, 2007. For current discussions regarding business trends, reference is made to the June 2008 10-Q.

Also attached hereto as Exhibit 99.02 and incorporated by reference herein are updated historical consolidated financial statements of Citigroup which reflect both the sale of CitiCapital as discontinued operations as well as the updated business segment disclosures.  The historical consolidated financial statements included in Exhibit 99.02 shall serve as the historical consolidated financial statements of Citigroup for existing and future filings made pursuant to the Securities Act of 1933, as amended, until Citigroup files its Annual Report on Form 10-K for the fiscal year ended December 31, 2008.

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ORGANIZATIONAL CHANGES

On April 14, 2005 and July 11, 2005, Citigroup issued press releases announcing certain organizational changes.

ORGANIZATIONAL CHANGES

On April 14, 2005, Citigroup issued a press release announcing certain organizational changes.

Mexico Insurance

The financial results of the Company’s insurance operations in Mexico that were not included in the Sale of the Life Insurance & Annuities Business are reported within the North America Retail Banking - Mexico business line.

Asset Management and Alternative Investments

Asset Management and Alternative Investments are now stand-alone segments.  Alternative Investments represents the segment formerly named Proprietary Investments.  Citigroup’s internal management reporting was realigned to follow its organizational changes.  Citigroup has modified its financial reporting format to conform to the realigned internal reporting.

As required by SFAS No. 131, “Disclosures about Segments of an Enterprise and Related Information,” the historical consolidated financial statements issued by Citigroup have been conformed to reflect modifications to its reportable segments resulting from these organizational changes, including reclassification of all comparative prior period segment information.

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Attached hereto as Exhibit 99.01 and incorporated by reference herein is voluntary supplemental information reflecting the impact of the discontinued operations and the business segment changes on the Company’s historical results of operations and organizational structure.  Information contained in Exhibit 99.01 should be read in conjunction with and as a supplement to information contained in Citigroup’s Annual Report on Form 10-K for the fiscal year ended December 31, 2004. Except for the discussions of the organizational and discontinued operations changes, and except as otherwise noted, all information, including information contained in any forward-looking statements, presented in Exhibit 99.01 is at and as of December 31, 2004. For current discussions regarding business trends and forward-looking statements, reference is made to the March 2005 10-Q.

Also attached hereto as Exhibit 99.02 and incorporated by reference herein are updated historical audited financial statements of Citigroup which reflect both the Sale of the Life Insurance & Annuities Business as a discontinued operation as well as the updated business segment disclosures.  The financial statements included in Exhibit 99.02 shall serve as the historical audited financial statements of Citigroup for existing and future filings made pursuant to the Securities Act of 1933, as amended, until Citigroup files its Annual Report on Form 10-K for the fiscal year ended December 31, 2005.

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