Citibank Announces $1.5 Billion Redemption of 2.000% Notes Due March 2019

NEW YORK–(BUSINESS WIRE)–Citibank, N.A. is announcing the redemption, in whole, constituting
$1,500,000,000 in aggregate principal amount, of its 2.000% Notes due
March 2019 (the “notes”) (ISIN: US17325FAA66).

The redemption date for the notes is February 20, 2019. The cash
redemption price payable for the notes on the redemption date will equal
par plus approximately $12,500,000 in accrued and unpaid interest. The
redemption announced today is consistent with Citibank’s liability
management strategy, and reflects its ongoing efforts to enhance the
efficiency of its funding and capital structure. Citibank 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 Citibank’s net interest margin
and borrowing costs, the overall remaining tenor of Citibank’s debt
portfolio, capital impact, as well as overall market conditions.

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.

Citi

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 www.citigroup.com
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Contacts

Media: Mark Costiglio (212) 559-4114
Investors: Susan Kendall (212)
559-2718
Fixed Income Investors: Thomas Rogers (212) 559-5091

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