U.S.: Citigroup Announces Grant for Expansion of Peer to Peer Capacity Building

May 18, 2006

Houston – Citigroup Inc. (NYSE: C) - The Citigroup Foundation and the National Coalition for Asian Pacific American Community Development (NCAPACD) today announced the expansion of Peer to Peer Capacity Building, a project designed to develop a national infrastructure for culturally competent technical assistance and training for community based organizations. To support this effort, the Citigroup Foundation today presented a grant check in the amount of $170,000 to National CAPACD.

Shamina Singh, Vice President, Community Relations, Citigroup; Lisa Hasegaw, Executive Director, NCAPACD; joined the Asian American and Pacific Islander community, development organizations, local elected officials and community leaders at the George R. Brown Convention Center in Houston to announce the award.

“At Citigroup, we believe that making communities stronger because we are there is part of our shared responsibilities,” said Shamina Singh. “Together with National CAPACD and its community-based organizations, Citigroup and the Citigroup Foundation will continue to work to promote community empowerment through service, housing, economic development to communities we both serve.”

“Working with Citigroup, National CAPACD and affiliate organizations across the country are helping to identify the needs of the Asian American Pacific Islander community,” said Lisa Hasegaw, Executive Director of National CAPACD. “

Together, Citigroup and National CAPACD will impact thousands of households in Los Angeles, Honolulu, Chicago and Boston through this project. The project will be expanded to assist three communities along the gulf coast impacted by Hurricane-Katrina/Rita through a partnership with the National Alliance for Vietnamese American Service Agencies (NAVASA) and to engage 5 new technical assistance recipients and one new peer partner with the tools and information needed for community development.

The National Coalition for Asian Pacific American Community Development is the first national advocacy organization dedicated to addressing the community development, organizing and advocacy needs of the diverse and rapidly growing Asian American and Pacific Islander communities nationwide.

National CAPACD’s mission is to be a powerful voice for the unique community development needs of AAPI communities and to strengthen the capacity of community-based organizations to create neighborhoods of hope and opportunity.

To date, Citigroup and the Citigroup Foundation have invested $53 million of its 10-year $200 million commitment to Financial Education programs in 68 countries.

Citigroup Financial Education
The Citigroup Financial Education Program is a global, company-wide effort to identify, support and implement initiatives that help give individuals, families and communities the tools needed to make sound financial decisions. In 2004, Citigroup and the Citigroup Foundation announced a 10-year, $200 million global financial education commitment, the formation of a new Office of Financial Education and a global initiative designed to encourage its 300,000 employees around the world to devote time to support financial education and other charitable causes. Under this initiative, employees may take a day off from work to volunteer for non-profit organizations in their communities. To learn more, visit http://financialeducation.citigroup.com.

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