Citigroup Announces 10% Increase in Common Dividend to Quarterly Rate of $0.54 per Share

22nd Consecutive Year of Common Dividend Increases

January 19, 2007 - NEW YORK – The Board of Directors of Citigroup (NYSE: C) has approved a 10 percent increase to the quarterly dividend on the company’s common stock to 54 cents per share from 49 cents per share, payable on February 23, 2007, to stockholders of record on February 5, 2007.

Charles Prince, Chairman and Chief Executive Officer of Citigroup, said: "This year marks the 22nd year in a row that Citigroup has raised its dividend, reflecting our continued commitment to enhancing returns to our shareholders. The double-digit increase also reflects our confidence in the business model of Citigroup and the opportunities we see across our businesses. We look forward to building off our strong foundation to generate growth in 2007.”

The Board also declared dividends on preferred stock as follows:

– Series F, payable March 1, 2007, to holders of record on February 15, 2007. Holders of depositary receipts, each representing one-fifth of a full preferred share, will be paid $.795625 for each receipt held.

– Series G, payable March 1, 2007, to holders of record on February 15, 2007. Holders of depositary receipts, each representing one-fifth of a full preferred share, will be paid $.776625 for each receipt held.

– Series H, payable May 1, 2007, to holders of record on April 13, 2007. Holders of depositary receipts, each representing one-fifth of a full preferred share, will be paid $.778875 for each receipt held.

– Series M, payable May 1, 2007, to holders of record on April 13, 2007. Holders of depositary receipts, each representing one-fifth of a full preferred share, will be paid $.733 for each receipt held.


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Citigroup
Citigroup, the leading 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, securities brokerage, and wealth 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

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