Citibank Veteran to Be Finance Minister of Pakistan.

NEW YORK--(BUSINESS WIRE)--October 26, 1999--

As previously reported, Shaukat Aziz, a 30-year veteran of Citibank, will become Minister of Finance of Pakistan.

Mr. Aziz, an Executive Vice President of Citigroup and Citibank, has most recently been in charge of the company's Global Private Bank. Before that he served Citibank in various management positions around the world.

"It is our loss and Pakistan's gain," said Mr. Reed, Chairman and co-Chief Executive Officer of Citigroup. "Shaukat is a great professional and valued member of our family. We wish him well."

Mr. Aziz said: "I am thrilled and honored to have the opportunity to serve my country. Pakistan faces several economic challenges on the horizon and I am very confident that we will develop the right policies, gather the right team and with the leadership and support of the government, I am certain that we will take the country to greater heights."

Citigroup Chairman and co-Chief Executive Officer Sandy Weill said, "Though I have known Shaukat only for the past year, I am confident that his judgment and experience will be a tremendous asset for the country. We wish him well."

Citigroup (NYSE:C), the most global financial services company, provides some 100 million consumers, corporations, governments and institutions in 100 countries with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage and asset management. The 1998 merger of Citicorp and Travelers Group brought together such brand names as Citibank, Travelers, Salomon Smith Barney, Commercial Credit (now named CitiFinancial), and Primerica under Citigroup's trademark red umbrella.

Additional information may be found at: www.citigroup.com.