Citigroup and The Delaware Financial Literacy Institute Expand State-wide Financial Education Program for Women; Citigroup Foundation Awards $220,000 to Delaware Financial Literacy Institute.

WILMINGTON, Del. -- In October 2004, more than 1,000 women across the state took charge of their financial futures by participating in "From Purses to Portfolios: Delaware Women Take Charge of Their Money," a free, state-wide financial education conference organized by the Delaware Money School and supported by Citigroup, its subsidiaries in Delaware, and the Citigroup Foundation. Today, John Kohari, Chairman and CEO of Citibank Delaware, announced a grant from the Citigroup Foundation, in the amount of $220,000, payable over two years, to the Delaware Financial Literacy Institute to expand the program.

In addition to the conference, the program includes new Delaware Money School Classes, community symposiums, a website and education materials designed to address financial challenges faced by women of all ages, incomes and life situations. The program also urges Delaware women to take 10 hours of financial education classes to qualify for a "Take Charge Delaware Woman" Certificate.

"I am pleased to continue our successful relationship with the Delaware Financial Literacy Institute and present a $220,000 grant from the Citigroup Foundation to expand the program," said John Kohari, Chairman and CEO of Citibank Delaware. "At Citigroup, we believe that strong financial education programs raise the quality of life for individuals and families and are an important first step toward attaining economic self-sufficiency. Through this program, we want to empower women across the state by providing the information, tools, and opportunities they need to make informed financial decisions and reach their financial goals."

"I commend Citigroup for their integral role in bringing the important issue of financial education into the spotlight and helping to fund new programs," said State Treasurer Jack Markell. "Women in particular tend to carry vulnerabilities that can put them at financial risk. The support of Citigroup and the Citigroup Foundation will continue to enhance targeted financial education programs for women so they can obtain the tools they need to become financially secure and independent. No matter your age or financial situation, how you handle your money and plan for your future is critical."

"Women face unique financial challenges that make it imperative they take an active role in their finances," said Dara Duguay, Director of Citigroup's Office of Financial Education. "Financial Education programs like "From Purses to Portfolios" are vital in helping women become self-sufficient, build wealth and turn money mistakes into money successes. Citigroup is dedicated to improving financial education in communities we serve."

"Delaware Money School classes and the Purses to Portfolios program have given me confidence in knowing that it is never too late to become financially independent," said program participant Paulette Gordon. "The classes teach that it is not the amount of money you have, but how much discipline you have when using that money that is important."

In 2004, Citigroup and the Citigroup Foundation announced a 10-year, $200 million global financial education commitment, the formation of a new Office of Financial Education and a global initiative designed to encourage its 300,000 employees around the world to devote time to support financial education and other charitable causes. Under the new initiative, employees may take a day off from work to volunteer for non-profit organizations in their communities.

Since 2000, the Delaware Financial Literacy Institute, home of the Delaware Money School, has provided community-based, free financial education classes taught by financial professionals.

Additional information about the "From Purses to Portfolios: Delaware Women Take Charge of their Money" program and the "Take Charge Delaware Woman Certificate" can be found online at: www.pursestoportfolios.com

About Citigroup

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.

Citigroup Financial Education Program

Based on the belief that knowledge is your greatest asset, the Citigroup Financial Education Program is a global, company-wide effort to identify, support and implement initiatives that help give individuals, families and communities the tools needed to make sound financial decisions. Citigroup's 10-year, $200 million global commitment is focused in three areas: Personal Financial Education, Small Business Financial Education, and Institutional Financial Education. Additional information about Citigroup's Financial Education Program, including Foundation guidelines, links and resources, including the Citigroup Financial Education Program Curriculum and Facilitator's Guide may be found at: http://financialeducation.citigroup.com