Citi (C) to Adjust Terms, Settlement Rates of T-DECS Following Qtr. Dividend Declaration

On January 18, 2012, Citigroup Inc. (NYSE: C) announced the declaration by its Board of Directors of a dividend of $0.01 per share of common stock payable on February 24, 2012 to holders of record on February 6, 2012. Effective on the payment of this dividend, an adjustment will be made to the settlement rates and certain other terms of Citi's T-DECS, as set forth below. No adjustment will be made to the terms of Citi's warrants or convertible preferred stock because the amount of the dividend to be paid is less than the threshold amount required for an adjustment. You should refer to the T-DECS Prospectus dated December 16, 2009 and the related Current Report on Form 8-K filed on December 24, 2009 for the definitions of the terms below and for other relevant provisions of the T-DECS.

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