Citibank Launches Website Enhancements for Structured Finance Clients.

Business Editors

NEW YORK--(BUSINESS WIRE)--May 28, 2002

Citibank Agency and Trust today unveiled enhancements to its website for structured finance investors and clients - www.sf.citidirect.com - that provide batch downloading of deal documents and reports, secure access to private deal information, and personalized aggregation of existing deals.

The site also now allows issuers to securely post their deal-specific servicing reports to Citibank.

"These unique enhancements not only improve our clients' ability to access and download detailed, comprehensive deal information, but also allow them to create a portfolio of their own deals in the format of their choice," said Jeffrey Volk, Managing Director and Head of Citibank Agency and Trust. "These enhancements exemplify our strategic focus on leveraging the Internet to make it easier for clients to do business with us, which is critical for our customers around the world whose complex funding requirements demand global issuance and paying agency capabilities."

The website contains detailed information on mortgage-backed and asset-backed securities, asset classes for which Citibank is either the trustee or acting in an administrative agent capacity.

Specific recent enhancements include:

- "My Portfolio:" a personalization tool that allows users to

create one portfolio of all their deals.

- Batch download: provides a wide selection of documentation,

including the prospectus, offering circular, certificate holders

statements, and loan-level data, which can be downloaded from

one screen with one click.

- Private deal access: authorizes users online to gain access to

view appropriate documentation related to private deals.

- Report posting - allows issuers to securely transmit investor

and servicer reports to Citibank.

Volk said the website enhancements, which were developed in partnership with Harvest Technology Corporation, benefit Citibank's rapidly expanding customer base. For example, he noted that Citibank Agency and Trust's U.S. structured finance business, which was launched in mid-2001, already earned a spot in the top 10 trustees in the 2001 annual asset- and mortgage-backed league rankings.

Citibank Agency and Trust offers a full range of agency, fiduciary, tender and exchange, and depositary and escrow services in both established and emerging markets. It manages in excess of $2.5 trillion in fixed income and equity investments on behalf of 2,500 corporations worldwide.

Citibank Global Securities Services serves global issuers, investors and intermediaries through the industry's largest proprietary network, spanning 50 countries. It currently provides securities services to more than 2,500 customers worldwide and has more than $5 trillion in assets under custody. Citibank is the industry's premier custodian of cross-border assets, top-ranked global clearer, and recognized leader in depositary receipt services and agency and trust services. Citibank's local presence, supported globally by Regional Service Centers, ensures clients of consistent transaction processing worldwide, proprietary control of clearing cycles and reduced risk in all cross-border securities transactions.

Citigroup (NYSE: C), the preeminent global financial services company with some 200 million customer accounts in more than 100 countries, provides 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, Salomon Smith Barney, Banamex, and Travelers. Additional information may be found at: www.citigroup.com.

Harvest Technology Corporation (http://www.HarvestTechnology.com) is a full-service software consulting firm that develops technology solutions for the financial services industry."