AT&T and Citi Extend Agreement for Consumer Credit Cards

AT&T and Citi Cards Customers Will Continue to Benefit From Rewards Programs and Telecommunications Services

San Antonio, Texas, January 11, 2007, AT&T Inc. (NYSE:T) and Citigroup Inc. (NYSE: C) today announced the long-term extension of the relationship through which the AT&T licensing arm, AT&T Knowledge Ventures, licenses the AT&T brand to Citi® for general purpose consumer credit cards. The new deal extends the availability of the AT&T Universal Platinum Card and AT&T Universal Rewards Card offers and continues to give cardholders calling benefits, loyalty programs and cell phone insurance. AT&T Universal Rewards Card holders also have access to great rewards through the ThankYouSM Network, the free rewards program founded by Citigroup.

“Since 1998, Citi and AT&T have provided great benefits for our loyal AT&T Universal Cards customers. We’re pleased to be able to continue this successful program, and we see great long-term opportunities for our customers through our continued relationship,” said Raja Rajamannar, executive vice president, Citi Cards.

“We’re excited about extending the relationship with Citi for the AT&T Universal Card,” said Abha Divine, AT&T Knowledge Ventures-president and chief executive officer. “Our customers continue to embrace the benefits of the AT&T Universal Card. We’re looking forward to the Universal Card team delivering further savings and rewards to consumers, including some fresh, new offers that will be introduced in the coming year.”

For further information or to sign up for the AT&T Universal Platinum Card or AT&T Universal Rewards Card, customers can go to www.universalcard.com or call 1-800-66-APPLY.

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About AT&T
AT&T Inc. is a premier communications holding company in the United States and around the world, with operating subsidiaries providing services under the AT&T brand. AT&T is the recognized world leader in providing IP-based communications services to business and the U.S. leader in providing wireless, high speed Internet access, local and long distance voice, and directory publishing and advertising services. As part of its “three screen” integration strategy, AT&T is expanding video entertainment offerings to include such next-generation television services as AT&T U-verseSM TV. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at www.att.com.

Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T’s filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.

About Citi
Citi, or Citi Cards, is a member of Citigroup (NYSE: C). Citigroup, the preeminent global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup’s trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, and Banamex. Additional information may be found at www.citigroup.com.

©2007 AT&T Knowledge Ventures. All rights reserved. AT&T is a registered trademark of AT&T Knowledge Ventures. Subsidiaries and affiliates of AT&T Inc. provide products and services under the AT&T brand.