Citigroup Foundation Presents $2 Million Grant to Habitat for Humanity to Help Build Homes in 40 U.S. Locations.

NEW YORK -- Grant Will Engage 6,500 Citigroup Employees in Building Homes and Expand Citigroup/Habitat Financial Education Program with Habitat Families

Citigroup today presented a $2 million grant from the Citigroup Foundation to Habitat for Humanity International (HFHI) to support more than 6,500 Citigroup employees in building homes in at least 40 U.S. locations with families who would not otherwise be able to afford a home. These grant dollars awarded for 2005 are part of the "Citigroup Builds Communities" program, which unites employees as they volunteer to build Habitat homes from across the company's business units including: Citibank, CitiFinancial, CitiMortgage, Citi Cards, Smith Barney and Primerica.

Bob Willumstad, Citigroup President and COO, presented the check to Paul Leonard, Chief Executive Officer of Habitat for Humanity International, during the 2005 Jimmy Carter Work Project (JCWP) in Detroit, Michigan. Willumstad is leading a team of Citigroup employee volunteers from the U.S., Mexico and Latin America, in constructing one of the 230 homes that are being built for families June 17-24 as part of the 2005 JCWP in Detroit, Benton Harbor and other locations throughout the state of Michigan and in Windsor, Ontario, Canada. Citigroup senior managers joining Mr. Willumstad in building are: Ajay Banga, Executive Vice President of the Global Consumer Group and President of Citibank Retail Banking North America; and David Schneider, President and COO of CitiMortgage.

"Habitat for Humanity helps give people the tools they need to succeed - the financial education, access to financial products and services, affordable mortgages, and a helping hand through volunteerism," said Bob Willumstad, President and COO of Citigroup, who is also a member of the Habitat for Humanity International board of directors. "Our partnership with Habitat is a natural one since we share with them a mission to foster homeownership. We are very pleased to make a $2 million grant to Habitat to further strengthen our commitment to help make communities where we do business better places, and to work together toward fulfilling our shared responsibility as Citigroup employees to make a difference in our local communities."

"We are so pleased to be working with Bob Willumstad and the great team of people he has at Citigroup," said Paul Leonard, Chief Executive Officer of Habitat for Humanity International. "We are so thankful for the support we receive, and it's such a blessing to see an organization such as Citigroup that isn't content to just be in a community, but wants to work with Habitat and others to make a difference in the communities where they work and live."

Along with supporting the "Citigroup Builds Communities" program, today's $2 million grant will help to expand the Citigroup/Habitat Financial Education Program. A portion of the funds will be used for a full-time coordinator who will train representatives from dozens of HFHI affiliates to deliver financial education sessions to HFHI families. In addition, Citigroup's online financial education training program will be adapted for HFHI families.

This $2 million grant is the sixth major grant that the Citigroup Foundation has made to HFHI targeted for the United States, bringing the total to $9 million. In 2000, the Citigroup Foundation made its first major grant to launch its "Citigroup Builds Communities" employee volunteer program. To date, this program has resulted in more than 18,000 Citigroup employees collectively volunteering 214,000 hours to help to build more than 172 homes in dozens of locations across the United States.

Citigroup also is the largest investor in HFHI's zero-interest-rate mortgage program for Habitat partner families. To date, Citigroup has invested more than $16.8 million in this special mortgage program.

In building Habitat for Humanity homes, teams of employee volunteers partner with local Habitat for Humanity affiliates. These affiliates are independent, locally run nonprofit organizations that coordinate all aspects of Habitat home building in their local area.

Citigroup has participated in previous Jimmy Carter Work Projects in Mexico, New York City, and Valdosta, Ga. In October 2004, employees from Citigroup and Banamex, the company's bank in Mexico, were led by a senior management team that included Mr. Willumstad, Marge Magner, Chairman and CEO of Citigroup's Global Consumer Group; and Manuel Medina Mora, Chairman and CEO of Citigroup Latin America and CEO of Banamex, in building six homes in Puebla during the 2004 JCWP.

About Habitat for Humanity

Habitat for Humanity International, based in Americus, Ga., is a Christian ministry dedicated to eliminating poverty housing. By the end of 2005, Habitat will have built its 200,000th house and more than one million people will be living in Habitat homes they helped build and are buying through no-profit, zero-interest mortgages. www.habitat.org

About Citigroup

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, Smith Barney, Banamex, and Travelers Life and Annuity. 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.