Siemens Nixdorf ATMs First to be Certified by Citigroup.

MIAMI and AUSTIN, Texas--(BUSINESS WIRE)--Dec. 7, 1999--

Siemens Nixdorf Retail and Banking Systems, LLC announced today that the company has been certified as an approved vendor for Citigroup's global ATM network. Citigroup's global ATM software platform, named Catalyst, is now certified to run on the latest generation of Siemens Nixdorf ATM systems. The CATALYST software engine is a web-enabled multi-application, multi-language enabling technology which will run Citigroup's proprietary ATM systems throughout the world in the next millennium. e-Citi, a business unit of Citigroup, is also marketing the CATALYST engine to selected banks and vendors throughout Asia, Latin America, Europe and the United States.

"Siemens Nixdorf is proud to be the first vendor in the world with equipment certified for use with CATALYST," said Scott Hackl, vice president of banking sales for Siemens Nixdorf in North America. Built on a web-enabled infrastructure, CATALYST uses standard Windows NT development tools and supports advanced features including multiple languages and robust multimedia. Applications built on CATALYST can be deployed on any hardware platform that supports device access through the WOSA/XFS standard.

In just the next 10 years, Citigroup plans to increase its customer base ten-fold from 100 million to over 1 billion. Citigroup's ATM network running on CATALYST will be a major tool in achieving this goal. "It is our intention to provide electronic, user-friendly account access within a mile of every customer, anywhere in the world," said Ed Godycki, Citigroup's vice president of Business Delivery for the e-Citi CATALYST system. "Siemens Nixdorf proved their flexibility by integrating Citigroup's requirements into their self-service products. This demonstrated to us their commitment to standards and their worldwide market experience." The first CATALYST installations are now complete, with production rollout continuing in 2000 and 2001.

Siemens Nixdorf's Hackl added, "our company is committed to developing self-service products based on open industry standards such a WOSA/XFS. These standards allow applications to run consistently on a variety of platforms around the world, and allow our customers to expand into new markets more effectively."

Siemens Nixdorf's ProCash 2100 and CSC 456 ATMs are now certified for CATALYST. The ProCash 2100 is the newest product in the ProCash family based on Siemens Nixdorf's 20 years of experience in the development of ATMs. A multifunction indoor ATM, the ProCash 2100 is a modular system offering great flexibility and functionality. The system can be customized to handle cash deposits and documents, printing of statements and A4 sized documents, passbook processing and loading and unloading of purse data.

Siemens Nixdorf

Siemens Nixdorf Retail and Banking Systems is the fastest growing provider of IT products and solutions for the retail and banking industries. World-class offerings include professional services, application software, hardware and on-site support.

Worldwide, Siemens Nixdorf is the fourth largest provider of automated teller machines and the third largest provider of point-of-sale systems. Employing more than 3,400 people, Nixdorf operates in 40 countries around the world with manufacturing plants in both Germany and Singapore. North American headquarters are in Austin, Texas. Siemens Nixdorf can be reached on the web at http://www.SiemensNixdorf-USA.com.

Effective October 1, 1999, an investment partnership led by Kohlberg Kravis Roberts agreed to purchase Siemens Nixdorf from its parent, Siemens AG. Pending regulatory approval, the company plans to begin operating independently as Wincor Nixdorf before the end of the year, subject to antitrust approvals and certain other conditions.

e-Citi

e-Citi is the business unit of Citigroup created to pioneer electronic financial services and e-commerce solutions to every customer segment, including large, mid and small-scale businesses, governments and consumers. Since its inception in 1997, e-Citi has taken advantage of the Internet and new technologies and capabilities to create content, extend delivery channels and customize transactions for Citigroup customers around the world. In partnership with other Citigroup Businesses, e-Citi is creating new products and services with the assurance of trust, privacy and security inherent to the Citigroup brand.

Citibank

Citibank, a global provider of financial services, serves consumer, business, governmental and institutional customers from locations in 100 countries and territories. Its Global Consumer business has been a leader in applying advanced technology to bring individuals in 57 countries credit, payment and investment services through branches, electronic access, and charge and credit cards. In the U.S., Citibank's Consumer business serves consumers and small businesses through a network of 375 branches in nine states and the District of Columbia. Its Global Corporate Banking today serves major international corporations and local growth companies in emerging markets. Citibank can be reached on the web at http://www.citibank.com.