Pamela P. Flaherty Appointed President and CEO of the Citigroup Foundation.

NEW YORK -- Pamela P. Flaherty, Senior Vice President of Corporate Citizenship at Citigroup, has been appointed President and Chief Executive Officer of the Citigroup Foundation. In this role, she will have responsibility for the strategy and direction of the Citigroup Foundation. Ms. Flaherty will also take responsibility for Citigroup's Office of Global Volunteerism and Office of Financial Education, in addition to continuing to head Corporate Citizenship and Global Corporate Social Responsibility at Citigroup.

In her new role with the Foundation, Ms. Flaherty will report to Lewis B. Kaden, Citigroup Vice Chairman, Chief Administrative Officer and Chairman of the Foundation's Board. She will also serve as a member of Citigroup's Management Committee.

"Pam's new role is a critical one as the Foundation continues to focus on making a difference around the globe," said Charles Prince, Citigroup Chairman and Chief Executive Officer. "Her knowledge of the company, pioneering work in corporate citizenship, leadership in the creation of the Equator Principles, and single-minded focus on fostering sustainable development make her the ideal candidate. We look forward to bringing her knowledge and expertise to bear on our efforts as we focus on ways to further enhance the Foundation's global impact. We are also excited about how she can extend Citigroup's own efforts in financial education and volunteerism."

"We are delighted to welcome Pam to the Foundation at this important time in its history," said Mr. Kaden. "She has unique perspective on constituencies in the U.S. as well as around the world and can help guide the Foundation's charitable giving strategies to best reach those in need. A 39-year veteran of our company, she is deeply respected throughout both Citigroup and in the wider world, and brings deep experience and a unique set of capabilities to her new role."

During her career at Citigroup, Ms. Flaherty has held both line and staff management functions. She has managed Citibank's New York branch banking business and also served as Citicorp's Senior Human Resources Officer beginning her career at the company in Citibank's International Banking Group. She has served as Director of Corporate Citizenship and head of Citigroup's Global Corporate Social Responsibility since 1996.

In 2006, giving by the Citigroup Foundation rose to more than $92 million. Grants were made in 85 countries and territories, with the Foundation's international grant- making more than doubling from $14 million in 2002 to $37 million in 2006. The Foundation currently supports programs in three key areas: Financial Education, Educating the Next Generation, and Building Communities and Entrepreneurs.

Ms. Flaherty is the incoming Chair of the Board of Trustees of Johns Hopkins University (effective July 2007) and also participates on the Boards of a variety of non-profit organizations including the Local Initiatives Support Corporation, ACCION International, Kenyon College, Colonial Williamsburg, and The Nature Conservancy Long Island Chapter. She is also a member of the Council on Foreign Relations.

She is an honors graduate of Smith College and holds a Masters in International Affairs from Johns Hopkins Nitze School of Advanced International Studies.

Citigroup, 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. Additional information may be found at www.citigroup.com