Citibank Gains Best STP Performance by a Custodian Bank Processing Equities Award.

Business Editors

NEW YORK--(BUSINESS WIRE)--May 25, 2000

Citibank Worldwide Securities Services (WWSS), a unit of Citigroup Inc.'s Global Corporate and Investment Banking division, was awarded the accolade of Best Straight-Through Processing (STP) Performance by a Custodian Bank Processing Equities at STP Benchmarks' prestigious Securities Awards Dinner 2000 held in London last night.

"The bank put a worldwide quality initiative in place in February last year which drew on Citibank globally to focus on the issue of STP," said Anton Williams, Head of Client Information Delivery at WWSS. "The STP Benchmarks award clearly indicates that we have developed an extremely solid market penetration since this initiative commenced. This award is a great honour for the bank, and reflects our position at the forefront of STP globally."

Citibank Worldwide Securities Services serves global issuers and investors through the industry's largest proprietary network, spanning 50 countries. It currently provides securities services to more than 2,500 customers worldwide and has $3.4 trillion in assets under custody. WWSS is the industry's premier custodian of cross-border assets, the dominant servicer of global securities and a recognized leader in depositary receipts and agency and trust services.

Citigroup (NYSE:C) is one of the world's most global financial services organizations. It provides a broad array of financial products and services to 100 million consumers and corporate customers through its operations in 100 countries. Among its businesses are Citibank, Commercial Credit, Primerica Financial Services, Salomon Smith Barney, SSB Citi Asset Management, Travelers Life and Annuity and Travelers Property Casualty.