Citibank and the Citigroup Foundation Donate over $10 Million to California Nonprofits in 2005; Funds Help 763 Organizations Promote Education, Community Revitalization and More.

SAN FRANCISCO -- To improve education, revitalize low- and moderate-income neighborhoods, encourage small business growth and more, Citibank and the Citigroup Foundation gave $10.7 million to 763 California nonprofits in 2005. In addition, employees from Citibank and other Citigroup affiliates in the state volunteered more than 30,000 hours in 2005.

"The Golden State attracts the world's leading companies because of our quality of life," said California State Assembly Speaker Fabian Nunez. "Citibank's commitment to the California community has meant more affordable housing, small business lending, and a positive economic impact statewide."

Among the nonprofit organizations that benefited from Citigroup Foundation grants in 2005 are Los Angeles-based Operation HOPE and Lenders for Community Development, based in San Jose. Organizations receiving donations from Citibank in California in 2005 included San Francisco-based BRIDGE Housing and the Asian Business Association of San Diego.

"As we've grown our presence in the West, people have been very responsive to our products and services, and to the Citibank brand," said Cali Garcia-Velez, president of San Francisco-based Citibank (West), FSB. "We want to make sure they are also aware of our deep level of community involvement and of our long-standing relationships with nonprofit organizations throughout California. This involvement is central to our business here and around the world."

Citibank, CitiFinancial, Smith Barney and other Citigroup companies employ 11,200 Californians in offices throughout the state. With $1.5 trillion in assets at December 31, 2005, Citigroup is the largest financial services company in the U.S.

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, securities brokerage, and wealth management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. The Citigroup Foundation focuses its grants primarily in three areas: financial education, educating the next generation, and building communities and entrepreneurs. Additional information may be found at www.citigroup.com.