Citigroup (C)

Summary of Press Release Disclosed Items
Net Income Impact ($MM)

(1)

Gain on sale of CitiCapital Transportation Finance Business of $161 pre-tax ($111 after-tax) in the Commercial Business Group

(2)

$114 pre-tax ($72 after-tax) in Retail Distribution relating to the resolution of previously disclosed litigation involving Golden State Bancorp

(3)

Loss on sale of Manufacturing Housing of ($176) pre-tax (($109) after-tax) in Consumer Other

(4)

Repositioning expenses of ($150) pre-tax (($95) after-tax) comprised of ($19) (($12) after-tax) in US Cards, ($3) (($2) after-tax) in Retail Distribution, ($3) (($2) after-tax) in Consumer Lending, ($4) (($3) after-tax) in Commercial Business Group, ($13) (($9) after-tax) in Intl Cards, ($38) (($24) after-tax) in Intl Consumer Finance and ($70) (($44) after-tax) in Intl Retail Banking

(5)

Repositioning expenses of ($243) pre-tax (($151) after-tax) comprised of ($212) (($132) after-tax) in CM&B and ($31) (($19) after-tax) in GTS

(6)

Repositioning expenses of ($35) pre-tax (($22) after-tax) comprised of ($28) (($17) after-tax) in Smith Barney and ($7) (($5) after-tax) in Private Bank

(7)

Repositioning expenses of ($7) pre-tax (($4) after-tax) in Discontinued Operations (related to Asset Management)

(8)

Tax benefits related to favorable resolution of an audit of $657 comprised of $89 in US Cards, $51 in US Retail Distribution, $31 in Consumer Lending, $4 in Commercial Business Group, $20 in International Cards, $55 in International Retail Banking, $40 in Other Consumer, $151 in CM&B, $25 in GTS, $13 in the Private Bank, $58 in Alternative Investments, $61 in Corporate/Other and $59 in Discontinued Operations

(9)

Impact of FAS 123(R) charge for stock awards granted to retirement-eligible employees in 2006 for the 2005 performance year of (($648) pre-tax) ($398) after-tax comprised of ($10) in US Cards, ($18) in Retail Distribution, ($4) in Consumer Lending, ($6) in Commercial Business Group, ($4) in International Cards, ($2) in International Consumer Finance, ($18) in International Retail Banking, ($13) in Other Consumer, ($215) in CM&B, ($5) in GTS, ($78) in Smith Barney, ($10) in the Private Bank, ($4) in Alternative Investments, ($11) in Corporate Other

(10)

Impact of FAS 123(R) accrual of estimated cost of stock awards for retirement-eligible employees that were earned in the first quarter 2006 of (($198) pre-tax) ($122) after-tax comprised of ($3) in US Cards, ($4) in Retail Distribution, ($1) in Consumer Lending, ($1) in Commercial Business Group, ($1) in International Cards, ($1) in International Consumer Finance, ($5) in International Retail Banking, ($3) in Other Consumer, ($58) in CM&B, ($1) in GTS, ($29) in Smith Barney, ($2) in the Private Bank, ($1) in Alternative Investments, ($12) in Corporate Other

Note: impact of 1Q'06 LLR activity can be found in page 37 of the Financial Supplement.