SUEZ Selects Citibank for NYSE Listed ADR Program.

Business Editors

NEW YORK--(BUSINESS WIRE)--Sept. 21, 2001

SUEZ, a global services group providing solutions in energy, water and waste services headquartered in Paris, France, has selected Citibank as depositary for its American Depositary Receipt (ADR) program.

SUEZ's American Depositary Shares have begun trading on the New York Stock Exchange (NYSE).

The SUEZ American Depositary Shares (ADSs) trade under the symbol "SZE" (CUSIP 864686100). Each ADS represents one underlying registered share that trades on the Bourse de Paris.

"We are pleased to support SUEZ as the company offers its shares to US investors for the first time and establishes a presence in the world's largest capital market," said Kurt Schneiber, Global Managing Director, Citibank Depositary Receipt Services. "The listing will set an example for companies wishing to reinforce a global strategy."

"Proceeding with our plan to list SUEZ on the New York Stock Exchange at this time demonstrates the confidence of the company in the American economy and in its capacity to rebound after the tragic events of the last week," said Francois Jaclot, Director and Vice Chairman of the Managing Committee of SUEZ.

SUEZ is a global services company, active in promoting sustainable development, which provides global solutions in energy, water and waste services for individuals, companies and municipalities. SUEZ has 190,000 employees and is present in 130 countries. Its revenues in 2000 rose to 34.6 billion euros, of which 49% was generated outside France and Belgium. In first half of 2001, its revenues rose 27% and its operating income rose 16%. In the first half of 2001, SUEZ with 10,000 employees in the USA generated close to 11% of its revenues in North America, where the Company is solidly positioned with Tractebel and its subsidiary Trigen; Ondeo and its subsidiaries United Water, Ondeo Nalco and Ondeo Degremont; and SITA with its subsidiary Teris LLC. For further information visit www.SUEZ.com.

Citibank Depositary Receipt Services leads the market in bringing quality issuers to the U.S. market and promoting ADRs as an effective capital markets tool. Citibank began offering American Depositary Receipts in 1928 and today is the market leader, widely recognized for delivering high quality, highly liquid programs to its customers.

Citibank Depositary Receipt Services is a part of Citibank Worldwide Securities Services (WWSS). WWSS serves global issuers, investors and intermediaries through the world's largest and most acclaimed proprietary custody and clearing network, spanning 52 countries and territories. It currently provides securities services to more than 2,500 customers worldwide and has more than $4 trillion in assets under custody. WWSS is the industry's premier custodian of cross-border assets, top ranked global clearer and recognized leader in depositary receipt services, and agency and trust services.

Citigroup (NYSE:C), the preeminent global financial services company, provides some 120 million consumers, corporations, governments and institutions in more than 100 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. Major brand names under Citigroup's trademark umbrella are Citibank, CitiFinancial, Primerica, Salomon Smith Barney, and Travelers. Additional information may be found at: www.citigroup.com.

This information is being provided solely for information purposes by Citibank, N.A. It does not constitute a recommendation, solicitation or offer for the purchase or sale of any securities, nor shall this material be construed in any way as investment or legal advice or a recommendation, reference or endorsement by Citibank, N.A.

Visit our web site at www.citibank.com/adr.