Citigroup Launches Structured Finance Web Site.

Business Editors

NEW YORK--(BUSINESS WIRE)--April 18, 2001

Citigroup (NYSE:C) announced today that it has launched a new Internet web site, called Citibank Investor Reporting for Structured Finance, that allows investors to download bond and collateral performance information on structured finance deals.

The new web site - www.sf.citidirect.com - contains detailed information on mortgage backed securities (MBS), asset backed securities (ABS), collateralized debt obligations (CDO), and commercial mortgage backed securities (CMBS), all asset classes for which Citibank is either the Trustee or Administrative Agent.

"We are continually looking for ways to enhance our clients' ability to access the data they need, when they need it and in the most convenient format," said Jeffrey Volk, Managing Director, Citibank Agency and Trust. "This new web site is yet another example of Citigroup's ability to deliver financial services through easier, faster and more efficient means in a global marketplace."

The new site allows investors to:

-- Download deal-specific documentation, including the prospectus, the pooling
and servicing agreement, and loan set-up files.

-- View or download current and historical monthly statements.

-- Access contact information for all parties to a transaction, such as the
issuer, underwriter, trustee, servicer, and rating agencies.

-- Get answers to questions from deal administrators through an online bulletin
board.

"We're pleased to provide instant, on-line access to the bond and collateral performance information investors value most," said Michael London, Director of Internet Services for Citibank Agency and Trust, who oversaw development of the site. "We will continue to enhance the site by adding new capabilities, such as allowing investors to build portfolios of deals they access regularly, as well as giving them the ability to batch download the statements of all deals within their portfolio."

Mr. London also noted that Citibank Agency and Trust clients had significant input into the site's development, consistent with the business' track record of ensuring high levels of customer satisfaction.

Citibank Agency and Trust offers a full range of agency, fiduciary, tender and exchange, and depository 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 3,000 corporations worldwide.

Citibank's Worldwide Securities Services, a unit of Citigroup's corporate and investment banking business, is a global leader in cross-border transaction services for leading investors and issuers, with more than $4 trillion in assets under administration. With the industry's largest proprietary network, spanning 52 countries, Citibank consistently ranks as the premier choice for custody, clearing services, global agency and trust, and depositary receipts in more markets than any other bank, according to industry surveys. Investment managers, broker-dealers and global custodians rely on Citibank for authoritative market intelligence, state-of-the-art processing capabilities, and responsive client service.

Citigroup (NYSE:C), the most global financial services company, provides some 100 million consumers, corporations, governments and institutions in 101 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 and Primerica under Citigroup's trademark red umbrella. Additional information can be found at http://www.citi.com.