Citibank Raises Base Rate

    Business Editors

    NEW YORK--(BUSINESS WIRE)--May 3, 2005--Citibank said today it has raised its base lending rate to 6.00% from 5.75%, effective today, Tuesday, May 3, 2005.

    Citigroup (NYSE: C), 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, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Travelers Life and Annuity. Additional information may be found at www.citigroup.com.

--30--NM/ny*

CONTACT: Citigroup Media: Leah Johnson, 212-559-9446 or Shannon Bell, 212-793-6206 or Investors: Arthur Tildesley, 212-559-2718 or Fixed Income Investors: John Randel, 212-559-5091

KEYWORD: NEW YORK INDUSTRY KEYWORD: BANKING PRODUCT SOURCE: Citigroup

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