Citigroup Announces Expiration of the 60-Day Exercise Period for Its Litigation Tracking Warrants

Citigroup Inc. (NYSE:C) announced that the 60-day period
for exercise of the Litigation Tracking Warrants (the "LTWs") expired
at 5:00 p.m., New York City time, on June 3, 2005, pursuant to the
terms of the LTWs (Nasdaq:GSBNZ). As a result, all LTWs that had not
been exercised prior to such expiration time have expired and become
void, and are no longer exercisable.
   The LTWs were initially issued by Golden State Bancorp Inc.
("GSB") in connection with Glendale Federal Bank v. United States, an
action by Citibank (West), as successor by acquisition to Glendale
Federal Bank, against the United States government. Citigroup assumed
the LTWs in connection with its acquisition of GSB in 2002.

   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, insurance, securities brokerage, and asset management. Major
brand names under Citigroup's trademark red umbrella include Citibank,
CitiFinancial, Primerica, Smith Barney, Banamex, and Travelers Life
and Annuity. Additional information may be found at www.citigroup.com.