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					Citi Financial Services Conference
Vikram Pandit
Chief Executive Officer

March 7, 2012
Citi At Our 200th Anniversary


   Getting back to the unique historical strengths and focus of our
   franchise
   f    hi

   Helping our clients navigate the opportunities and risks in
   t d ’ world
   today’s    ld

   Citicorp strategy and model are well-aligned with global trends

   Investing to grow the business, while maintaining expense and
   risk discipline

   Building a path to sustainable shareholder returns




                                                                 2
                                                                 1
Citigroup – Reflecting on 200 Years

   Facilitating International Trade   Accelerating Globalization




       First Transatlantic Cable       Funding the Panama Canal
                 (1866)                          (1904)


                                                                   3
                                                                   2
Citigroup – Reflecting on 200 Years

                    Pioneering Technology and Innovation




    The First Unattended Branch – ATMs                        g
                                                  Smart Banking Branches
                   (1970s)                                (Today)


                                                                           4
                                                                           3
Citigroup – Results
($B)
                               Revenues(1)                                                                                   Expenses(2)

                            $91.1                                                                    $59.7
                                                 $86.6                                                                                                               $50.9
                                                                      $78 4
                                                                      $78.4                                                $47.8
                                                                                                                           $47 8                $47.4
                                                                                                                                                $47 4
       $61.2




       2008                 2009                 2010                  2011                          2008                  2009                 2010                 2011

                                       ( , )
                      Credit Provisions(1,3)                                                                                          ( )
                                                                                                                            Net Income(2)

                            $51.8                                                                                                               $10.6                $11.1
       $42.1

                                                 $26.0
                                                                                                                          $(1.6)
                                                                      $12.8
                                                                                                    $(19.0)

       2008                 2009                 2010                  2011                          2008                  2009                 2010                 2011
Note:
(1)   Periods prior to 1Q’10 are on a managed basis. For additional information, see Citigroup's Fourth Quarter 2010 Quarterly Financial Data Supplement furnished as an
      exhibit to Form 8-K filed with the U.S. Securities and Exchange Commission on January 18, 2011.
(2)   Ex-goodwill impairment charge of $9.6 billion ($8.7 billion after-tax) recorded in the fourth quarter of 2008.                                                       5
                                                                                                                                                                           4
(3)   Credit provisions: net loan loss reserve builds (releases), policyholder benefits and claims, provisions for unfunded lending commitments and net credit losses.
Citigroup – Strategic Progress
($B)
                     Citicorp Revenues(1)                                                                         Citi Holdings Revenues(1)
                           RCB            GTS           S&B
                                                                                                             $33.3
          $68.4
          $68 4                        $65.6                      $64.6
            27.1                        23.1                        21.4                                                                  $19.3
            9.8                         10.1                        10.6                                                                                               $12.9

            31.5
            31 5                        32.4                        32.6


          2009                        2010                         2011                                     2009                         2010                         2011

                         Citicorp Loans(1)
                                p                                                                                                 g
                                                                                                                       Citi Holdings Assets

                                       27%                                                           $827
                                                                                                                                  $(558)B
                                                                   $465
                                        $407
          $367
                                                                                                                       $487
                                                                                                                                        $359
                                                                                                                                                         $269              $225



          2009                        2010                         2011                              1Q'08            4Q'09            4Q'10             4Q'11         4Q'11 PF (2)
Note: Totals may not sum due to rounding. Results do not reflect the announced transfer of the substantial majority of retail partner cards from Citi Holdings into Citicorp
       in the first quarter of 2012.
(1)   Periods prior to 1Q'10 are on a managed basis. For additional information, see Citigroup's Fourth Quarter 2010 Quarterly Financial Data Supplement furnished as
      an exhibit to Form 8-K filed with the U.S. Securities and Exchange Commission on January 18, 2011.                                                                       6
                                                                                                                                                                               5
(2)   Preliminary. Pro forma for the announced transfer of the substantial majority of retail partner cards from Citi Holdings into Citicorp in the first quarter of 2012.
Global Trends and Business Drivers
                 − Deleveraging of developed economies has only just begun
 Globalization   − Expect lower GDP growth and consumer demand for foreseeable
 Deleveraging of   future
 Developed World − D
 D   l    d W ld         l   d
                   Developed economies will need t restructure f
                                        i    ill   d to   t t     from consumption-
                                                                              ti
                   driven to export-driven markets
                 − U.S. positioned relatively well versus Western Europe
 Rise of Cities
                 − EM e pected to enjo sustained higher GDP gro th
                       expected enjoy s stained                  growth
 Rise of Emerging − Rise of EM multinationals, with demand for financial services
      Markets     − Growth in EM consumer demand
  Deleveraging of − Growing trade and capital flows, particularly intra-EM
  D l      i    f                             flows               intra EM
 Developed World
                    − Rapid population growth in EM cities
   Accelerating     − Concentration of GDP in metro areas
   Urbanization
                    − Significant investment and infrastructure needs
 Technology
                    − Driving changes in consumer behavior and expectations
    Digitization    − Improving efficiency
                    − Likely to create new competitors / partners / revenue streams


                                                                                      7
                                                                                      6
Deleveraging of Developed Economies
                                            Total Debt of Largest Developed Economies
                  % of GDP (bps)                                                                                                        Δ bps
                                                                                                                                   2000 - 2Q’11 (1)
                               Japan                                    226                     120           99     67   512      76      17%

                               United Kingdom                  81                   219                 109         98    507     197      64%

                               Spain                          71        76           134              82      363                 171      89%

                               France                          90            97           111         48 346                      124      56%

                               Italy (2)                        111           76          82    45 314                             80      34%

                               United States                   80       40     72         87      279                              59      27%

                               Germany                         83         87        49     60     278                               8        3%

                               Australia                  21       91        59       105        277                               63      29%

                               Canada (3)                    69         63     53         91     276                               56      25%
                             Government               Financial Institutions               Nonfinancial Corporations            Households

Note: Totals may not sum due to rounding.
(1)   2Q’11 or latest available, as indicated.
(2)   1Q’11 data.
(3)   According to Canada’s national accounts, “household” sector includes nonfinancial, non-corporate business.
Source: McKinsey&Company, “Debt and Deleveraging: Uneven Progress on the Plan to Growth,” January 2012                                                8
                                                                                                                                                      7
Rise of Emerging Markets – Driving Global Growth
                                              Emerging Markets are Driving GDP Growth
                    2011 – 2016E CAGR

                                                                                5.8%
                                                                                5 8%




                                              World GDP 3.3%
                                                             2.8%

                                                    1.8%


                                                                       0.4%



                                                           Developed

                                                 Developed Total          U.S.
                                                 Euro Area                Emerging Total
Source: Citi Investment Research & Analysis

                                                                                           9
                                                                                           8
Rise of Emerging Markets – Driving Global Growth
                                                     EM Trade as a % of Total World Trade

                                              2010                                      2020
                                              $37 T                                    $83 T



                                                         EM-EM                    DM-DM
                                                                                   26%         EM-EM
                                                          15%
                                                                                                25%
                                  DM-DM
                                   40%

                                                EM-DM                                   EM-DM
                                                 45%                                     49%



                                      Emerging                                          Emerging
                                       Markets                      10.7%                Markets
                                     60% of Trade                   CAGR               74% of trade




Source: Citi Investment Research & Analysis

                                                                                                       10
                                                                                                       9
Emergence of Middle Class & Urbanization
                                                                                            Citi’s Top 150 Priority Cities Equal ~30% of
                    Growth in Middle Class
                                                                                                           World’s GDP(1)
       # of Households (MM) w/ Annual Income of at                                                      % of GDP in Top 150 Priority Cities
                      Least $10,000
                  US                            Western Europe
                  China and India               Brazil and Russia


 280                                                              Forecast                                                           Rest of
                                                                                                                                   Developed:
                                                                                                  US:
 240                                                                                                                                18 cities
                                                                                                16 cities
                                                                                                                                26%
 200                                                                                                              23%

 160

 120

                                                                                                                          51%
  80

  40
                                                                                                                   Emerging Markets:
   -                                                                                                                  116 cities



Note:
(1)     Calculated using purchase power parity exchange rates.
Source: The Economist Intelligence Unit, 2012 and Pricewaterhouse Coopers, “UK Economic Outlook,” November 2009                                11
                                                                                                                                              10
Digitization
             Global Users (B)                                Mobile vs. Bank Account Penetration
                                                                          Mobile      Bank Account
                                                                        95%
                                                          91% 92% 91%
                                                    85%                             83%
      6.9
                                                                              69%

                                                                                                56%
                        4.8                                                                                 53%
                                                                                                      48%               48%
                                                                                          43%                     42%



                                         1.8                                                                                  20%




Population           Mobile            Bank          U.S.      U.K.     Russia      Brazil       India      China        Africa
                                     Accounts

                                                      Developed                                 Emerging

               There are ~5B cell phone users worldwide but only ~2B bank accounts


Source: Yankee Group, Financial Access Initiative
                                                                                                                         12
                                                                                                                        11
Citicorp – Model is Well Positioned
                  − Citi has unparalleled exposure to faster-growing emerging markets
 Globalization    − Universal bank serving consumers, corporations and investors
 Rise of Emerging − Difficult for peers to replicate Citi’s global presence, particularly
     Markets        with limited ability to pursue significant M&A
                  − Uniquely positioned to facilitate EM-EM trade and capital flows
 Rise of Cities   − Citicorp: 46% of revenues and 57% of net income in EM in 2011

                    − Citi is focused on retail banking in the world’s 150 largest cities
   Accelerating
                    − Leveraging our scale globally through a common platform
   Urbanization
                    − Facilitating capital flows where investment is needed
 Deleveraging of
 D l       i    f
 Developed World − Actively developing mobile payment systems and technology
   Digitization
                  − Partnering with important non-financial firms, e.g. Google Wallet

                    − Citi i l           d to             l t     h       in U.S.
                           is less exposed t consumer regulatory changes i U S
 Technology &       − Completed wind-down of our proprietary equity trading business
  Regulatory
     Capital        − Basel 3 friendly business model:
  Environment          • Minimal impact on Transaction Services / Consumer Banking
                       • Institutional business focused on flow facilitation

                                                                                       13
                                                                                      12
Citicorp – Growing a Global Franchise
        Global Consumer Banking
               Leading global cards issuer
               Operate ~4,600 retail branches in 40 countries(1)
                        4,600
               Focused on retail banking in the world’s 150 largest and most important cities
               Growing portfolio with disciplined underwriting criteria, focus on prime borrowers
               Leveraging digital channels and mobile p y
                     g g g                                            gy
                                                      payment technology

        Transaction Services
               On the ground in ~100 countries across N.A., Latin America, Europe, Asia, and
                   ca
               Africa
               Leader in Treasury & Trade Solutions, growing Securities & Fund Services
               Unparalleled ability to facilitate EM-DM and EM-EM flows
                       p               ,g                  y          g
               Able to provide seamless, global connectivity across regions for our clients

        Securities & Banking
               Institutional focus on the largest, global multi-national corporations and investors
               Emphasis on traditional lending and flow facilitation for our clients
               Unique ability to capture flows from our Transaction Services platform
Note:
(1)     Includes ~400 branches from the Banco de Chile joint venture.
                                                                                                 14
                                                                                                13
Citi is Uniquely Global
Physical Presence i over 100 Countries and Client S i i ~160 Countries
Ph i l P          in         C   ti      d Cli t Service in 160 C ti
                                                                                     World
          North America            Western Europe                            96   GTS
     2      GTS               18     GTS                                     86   Trading & Sales
     2      Trading & Sales   13     Trading & Sales                         89   Corporate Bank
     2      Corporate Bank    16     Corporate Bank                          43   Consumer Bank
     1      Consumer Bank      -     Consumer Bank                           23   Private Bank
     2      Private Bank       6     Private Bank




                                                                                     Asia
                                                                             18   GTS
                                                                             17   Trading & Sales
                                                     CEEMEA
                                                                             16   Corporate Bank
                                             35     GTS
           LATAM                                                             17   Consumer Bank
                                             34     Trading & Sales
23       GTS                                                                  8   Private Bank
                                             33     Corporate Bank
22       Trading & Sales
                                             10     Consumer Bank
22       Corporate Bank
                                              5     Private Bank
15       Consumer Bank
 2       Private Bank
                                   Local Infrastructure
                                   Serving Clients / No Physical Infrastructure


                                                                                                  15
                                                                                                 14
Citicorp – Exposure to Higher Growth Markets
      Emerging Markets                           Developed Markets
                                                                                                                      Asia
                          Revenues(1) ($B)
                                                                                                                    Developed
                                                                                                         Asia                       5%
           $68.4                      $65.6                      $64.6                                 Emerging
                                                                                                           g g                                                  North
                                                                                                                         19%                                   America
                                                                                                                                                    37%
            58%                        56%                        54%

                                                                                                                         21%
            42%                        44%                        46%                                     LATAM

                                                                                                                                    7% 12%
           2009                        2010                       2011                                                                               Western Europe
                                                                                                                       CEEMEA

                                                                                                                     Asia
                              Ops
       Income from Continuing Ops. ($B)                                                                            Developed
                                                                                                                                   3%
                                                                                                                               Latin                           North
                                                                                                        Asia                  America                         America
                                                                                                      Emerging           25%                       28%
           $15.4                                                                                                                            North
                                      $14.8                      $14.5                                                                     America

            57%                        40%                        43%
                                                                                                                  Latin                            12%
            43%                        60%                        57%                                            America
                                                                                                             LATAM 22%                                     Western Europe
                                                                                                                                           10%
           2009                        2010                       2011                                                                     CEEMEA
Note: Totals may not sum due to rounding.
(1)   Periods prior to 1Q'10 are on a managed basis. For additional information, see Citigroup's Fourth Quarter 2010 Quarterly Financial Data Supplement furnished
      as an exhibit to Form 8-K filed with the U.S. Securities and Exchange Commission on January 18, 2011.                                                           16
                                                                                                                                                                     15
Citicorp – 3 Core Businesses
($B)
                Revenues(1) (ex-CVA / DVA)                                                                    2011 Revenues (ex-CVA / DVA)
S&B CVA / DVA:
 (1.9) 0.3   0.3                 0.1      (1.0)    (0.2)       0.1       1.9      (0.1)
                                                                                                                           Global Consumer Banking
            18.2
            18 2                                                                                                           Securities & Banking
   15.6               16.2 16.2 15.3 16.7 16.2 15.8
             7.7                                    14.1                                                                   Transaction Services
    5.2                5.7 5.5 4.6 6.2 5.3 4.8 3.3
    2.5      2.4       2.5 2.5 2.6 2.6 2.7 2.7 2.6

    7.9      8.1       8.0       8.1       8.1       7.9       8.2      8.3       8.2

  4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11                                                                       17%

                                 Net Income                                                                                                             52%

                                                                                                                                 31%
             5.1
                                                                        4.6
                                                    4.1
                       3.7       3.5                          3.7
             3.2                                                        2.1
                                                                        21
                                                     1.7      1.2
                       1.7       1.4       2.4                                    2.1
   1.8                                     0.2                          0.9
                                           0.9       0.8      0.9                 0.8
   0.3       0.9       0.9       0.9
   0.9                                     1.3       1.5      1.6       1.6       1.4                                             Total: $62.8B
             1.0       1.1       1.2
   06
   0.6                                                                           (0.2)
  4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11
Note: Totals may not sum due to rounding. Results do not reflect the announced transfer of the substantial majority of retail partner cards from Citi Holdings into Citicorp in
      the first quarter of 2012.
(1)   Periods prior to 1Q'10 are on a managed basis. For additional information, see Citigroup's Fourth Quarter 2010 Quarterly Financial Data Supplement furnished as          17
                                                                                                                                                                              16
      an exhibit to Form 8-K filed with the U.S. Securities and Exchange Commission on January 18, 2011.
Citicorp – Securities & Banking
($B)
                Revenues (ex-CVA / DVA)
S&B CVA / DVA:
     (2.0)                            (0.4)              1.7
                                                                                   Asia
           29.1                                                                  Developed

                                                                   Asia              4%
                                                                 Emerging
                                      23.5                                  17%                         North
                                                                                                       America
                                                                                                       A    i
                                      1.7                                                       33%
           21.0                                       19.7
                                                         3.1
                                      14.3                     LATAM   12%
                                                     10.9
            5.4                                                             8%
                                       3.7
                                                         2.4      CEEMEA
            4.8                                                                           26%
                                       3.8               33
                                                         3.3
                                                                                             Western Europe
           (2.1)

           2009                       2010            2011

                                    g
                   Investment Banking          q
                                              Equities
                   Fixed Income               All Other
Note: Totals may not sum due to rounding.

                                                                                                         18
                                                                                                        17
Citicorp – Transaction Services
($B)
                                                                                                                     Asia
                                Revenues                                                                           Developed
                                TTS               SFS                                                                                4%              North
                                                                                                      Asia                                          America
                                      $10.1
                                      $                          $10.6                                                                       23%
            $9.8                                                                                    E     i
                                                                                                    Emerging            24%

            73%                        72%                        73%

                                                                                                                                              22%
                                                                                                                        16%                             Western
            27%                        28%                        27%                                       LATAM
                                                                                                                                                        Europe
                                                                                                                                     11%
           2009                       2010                        2011                                                   CEEMEA
                                                                                                                     Asia
     Income from Continuing Operations                                                                             Developed
                                                                                                                                               North
                                                                                                                                              America
                                                                                                                                 4%
                                                                                                                              Latin 13%
            $3.8                       $3.7                                                          Asia
                                                                                                                             America
                                                                  $3.4
                                                                                                   Emerging                                North    Western
                                                                                                                      31%                 America
                                                                                                                                                18% Europe

                                                                                                                      Latin
                                                                                                                     America                 15%
                                                                                                                               19%                 CEEMEA
                                                                                                                   LATAM
           2009                       2010                        2011
Note: Totals may not sum due to rounding.
      TTS: Treasury & Trade Solutions – cash management and trade finance for corporates, governments, and financial institutions.
      SFS: Securities & Fund Services – custody and clearing, depository, and securities services.                                                        19
                                                                                                                                                         18
Citicorp – Transaction Services Growth Drivers
($B)
                               EOP Loans                                                                                  EOP Deposits


                                                                                                                                   $ 3
                                                                                                                                   $53B
                                      $35B                                                                                                                      $374
            73%                        72%                        $60
                                                                  73%                                    $320                        $335
                                       $44
            $25
            27%                        28%                        27%

            2009                       2010                       2011                                   2009                        2010                       2011

                        EOP Trade Assets                                                              Transaction Volumes (in millions)


                                       $35B                                                                                         97M                        1,939

                                                                   $56                                   1,842                      1,860
                                        $39
             $20


            2009                       2010                       2011                                   2009                        2010                       2011
Note: Totals may not sum due to rounding. End of period loans, deposits, and trade assets shown on a constant dollar basis, excluding the impact of foreign exchange
      translation for the periods presented.
                                                                                                                                                                        20
                                                                                                                                                                       19
Citicorp – Consumer Banking
($B)
                                Revenues(1)                                                                             Asia
                                                                                                                      Developed
                   Retail Banking                     Cards                                                                              6%
                                                                                                           Asia                                                       North
           $31.5                        $32.4
                                        $                           $32.6                                                                                            America
                                                                                                         Emerging             19%
                                                                                                                                                           42%
             47%                         49%                         50%


             53%                         51%                         50%                                                        29%
                                                                                                                  LATAM                            5%
                                                                                                                                                         CEEMEA
            2009                        2010                         2011
                                                                                                                           Asia
      Income from Continuing Operations                                                                                  Developed
                                                                                                                                      5%
                                                                                                                                    Latin
                                                                     $6.2                                                          America                             North
                                                                                                          Asia                                                        America
                                         $4.7                                                           Emerging             26%                  North
                                                                                                                                                       42%
                                                                                                                                                 America

             $2.4
                                                                                                                            Latin
                                                                                                                           America
                                                                                                                                     26%             1%
                                                                                                                         LATAM                            CEEMEA
            2009                        2010                         2011
Note: Totals may not sum due to rounding. Results do not reflect the announced transfer of the substantial majority of retail partner cards from Citi Holdings into Citicorp in
      the first quarter of 2012.
(1)   Periods prior to 1Q'10 are on a managed basis. For additional information, see Citigroup's Fourth Quarter 2010 Quarterly Financial Data Supplement furnished as         21
                                                                                                                                                                             20
      an exhibit to Form 8-K filed with the U.S. Securities and Exchange Commission on January 18, 2011.
Citicorp – Consumer Banking Growth Drivers
4Q 09
4Q’09 = 100                                                                    i
                                                                     N th A
                                                                     North America                         International (1)
                                                                                                           I t    ti   l

                             Average Loans                                                                                          Accounts
130                                                                                                130
                                                                                  122
120                                                                                                120

110
                                              108                                                  110                                                                             106
                                                                                                                                                102
100                                                                                94              100                                                                             95
                                                                                                                                                 93
                                               90
  90                                                                                                90

  80                                                                                                80
        4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11                                             4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11


                          Average Deposits                                                               Purchase Sales (12-Month Trailing)
 130                                                                                               130                                                                             124
 120                                                                              114              120
                                                                                                                                                110
 110                                          108                                                  110

 100                                           97                                  98              100
                                                                                                                                                 93                                94
  90                                                                                                90

  80                                                                                                80
        4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11                                             4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11

Note: Results do not reflect the announced transfer of the substantial majority of retail partner cards from Citi Holdings into Citicorp in the first quarter of 2012. Periods
      prior to 1Q'10 are on a managed basis. For additional information, see Citigroup's Fourth Quarter 2010 Quarterly Financial Data Supplement furnished as an exhibit
      to Form 8-K filed with the U.S. Securities and Exchange Commission on January 18, 2011.                                                                                 22
                                                                                                                                                                             21
(1)   International loan, deposit and purchase sales data on a constant dollar basis, excluding the impact of foreign exchange translation for the periods presented.
Citicorp – Consumer Banking Profitability
    Pre Tax Earnings,
LTM Pre-Tax Earnings Excluding LLR Build / Release ($B)
       Continuing to Improve Profitability                                                                …Both Internationally and in N.A.
                            Total Consumer Banking                                                                    International                  North America

 6.0
 60                                                                           $5.8
                                                                              $5 8                 60
                                                                                                   6.0




 5.0                                                                                               5.0
                                             $4.5                                                                                                                            $4.5

            $4.1                                                                                                                              $3.9
 4.0                                                                                               4.0




 30
 3.0                                                                                               30
                                                                                                   3.0
                                                                                                          $2.6


 2.0                                                                                               2.0
                                                                                                            $1.5                                                             $1.3

 1.0                                                                                               1.0
                                                                                                                                              $0.6


 00
 0.0                                                                                               00
                                                                                                   0.0
        4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11                                             4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11

Note: Last twelve months (LTM) to each period. Results do not reflect the announced transfer of the substantial majority of retail partner cards from Citi Holdings into
      Citicorp in the first quarter of 2012.
                                                                                                                                                                            23
                                                                                                                                                                           22
Executing in a Challenging Environment

   Remaining vigilant in risk management to protect the franchise
   –   Managing legacy U.S. mortgage portfolio in Citi Holdings to mitigate risk
   –   Containing exposure to Western Europe while continuing to support our
       important clients
   –   Growing EM loan portfolio in a disciplined manner

   Maintaining a strong and highly liquid balance sheet

   Disciplined expense management, while continuing to invest in
   the future

   Building tangible book value and capital



                                                                            24
                                                                           23
Citi Holdings – Asset Summary
               31
As of December 31, 2011 ($B)
            Citi Holdings Assets ex-RPC(1)
                                                                                                           Nearly 50% of Citi Holdings consists of
                                                                                                           North America mortgage assets ($109B)
                                                           Brokerage &
     Special Asset Pool                                                                                    Oth Local Consumer Lending ($48B)
                                                                                                           Other L lC         L di
                                                           Asset Mgmt
             $41                                               $27                                            – $16B international consumer assets
                                                                                                              – $14B personal, student and CRE loans
                                                     12%
                              18%
                                                                                                           Special Asset Pool ($41B)
                                                                                                              – $19B MTM assets and AFS securities
                                                                                                              – $10B held-to-maturity securities
                        Local Consumer                                                                               q y
                                                                                                              – $5B equity investments
                    21%     Lending    48%                                                                    – $7B accrual loans and other assets
    Other                                                                                                  Brokerage and Asset Management ($27B)
    LCL                                                                 N.A.
     $48                                                              Mortgage                                – $10B common equity and $2B preferred
                                                                       Assets                                   shares in MSSB JV
                                                                        $109                                  – $13B margin loans and other JV assets
                               $225B of Assets                                                                  (expected to decline ~90% by year-end)
                 12% of Total Citigroup Assets
                                  g   p


Note: Totals may not sum due to rounding.
(1)   Preliminary. Pro forma for the announced transfer of the substantial majority of retail partner cards from Citi Holdings into Citicorp in the first quarter of 2012.
                                                                                                                                                                              25
                                                                                                                                                                             24
Managing Legacy Mortgage Assets
($B)
          Citi Holdings Pre-Tax Income(1,2)                                                             North America EOP Mortgage Loans(3)

         LCL Ex-Mortgage                    Mortgage             BAM & SAP                                  Residental 1st Mortgages                           Home Equity


                  $(7.3)
                                                              $(6.2)                                         $174
                      1.6                                                                                                                     (38%)
                                                                0.6
                                                                06                                                                 $151
                                                                                                                                   $
                                                               (1.0)
                    (3.1)                                                                                      62
                                                                                                                                                        $126
                                                                                                                                     53
                                                                                                                                                                             $108
                                                                (5.8)                                                                                      46
                                                                                                                                                                              40
                    (5.8)
                                                                                                              113
                                                                                                                                     97
                                                                                                                                                           80
                                                                                                                                                                              68

                   2010                                        2011

                                                                                                             2008                  2009                 2010                 2011
Note: Totals may not sum due to rounding.
(1)   Preliminary. Pro forma for the announced transfer of the substantial majority of retail partner cards from Citi Holdings into Citicorp in the first quarter of 2012.
(2)   Pre-tax income for “Mortgage” represents the CitiMortgage business in Citi Holdings, and does not include the mortgage assets in CitiFinancial.
(3)   North America EOP mortgage loans include both CitiMortgage and CitiFinancial mortgage loans.                                                                             26
                                                                                                                                                                              25
Containing Western European Exposure
As of December 31 2011 ($B)
               31,
                                Net Current Funded Exposure
                            Net Funded Credit Exposure

                                   Fi      i l
                                   Financial
             Corporations         Institutions            Sovereigns         Trading / AFS
                 $4.1
                  0.2
                  0.4

                  0.8



                  1.3
                                         $1.6
                                          0.1                                    $1.3        0.1
                                                                                             0.2
                                                                                             02
                                                             $0.7                 0.4
                  1.4                    1.5                           0.1
                                                                       0.2
                                                             0.4                  0.6


                Spain            Italy           Greece         Ireland         Portugal


                                                                                                    27
                                                                                                   26
Maintaining a Strong & Liquid Balance Sheet
($B)
                                                                            (1)
           Aggregate Liquidity Resources                                                         Long-Term Debt Maturities & Issuance
                   $427
                                                            $406                                                                                  $60.6

                    110                                                                                  $50.6
                                                             107




                    223                                      200

                                                                                                                                                              ~$15       - $20
                                                                                                                        $15.1


                     95                                       98


                   2010                                    2011                                      Maturities Issuance                      Maturities Issuance
                                                                                                                                                                   (4)
                             (2)                                                                                 2011                                     2012
             Non-Bank                 Significant Bank Entities
                                   Other Entities(3)                                                              LT Debt Maturities                   Issuance

Note: Totals may not sum due to rounding. These totals do not include Citigroup's borrowing capacity at the Federal Reserve discount window and from various Federal
      Home Loan Banks, which capacity is maintained by pledged collateral to all such banks.
(1) Aggregate liquidity resources reflect balances of cash at major central banks as well as unencumbered highly liquid securities.
(2) “Non-Bank” includes the parent holding company (Citigroup), Citigroup Funding Inc. (CFI) and one of Citi’s broker-dealer entities, Citigroup Global Markets
      Holdings Inc. (CGMHI).
(3) “Other Entities” include Banamex and other bank entities.
(4) Estimated issuance for 2012.                                                                                                                                          28
                                                                                                                                                                         27
Focused on Expense Discipline
($B)
                                                   2011 Drivers                                                                                    2012 Goals

                                                                                                                                             Lower incremental
                                                                                                                                             investment spending
                                                            2.1%
                                                                                                                                             Continued efficiency
                                                                                                                                             savings of 3-5% of
                                                      3.9           (2.9)                           2.9            50.9                      2011 expense base
                                                                    (1 9)
                                                                    (1.9)           48.0
       47.4          (0.4)                                                                                                                   Ongoing decline in Citi
                                     47.0                                                                            ~                       Holdings expenses
       ~                              ~                                              ~                                                       Lower level of episodic
                                                                                                                                             items
                                                  Core operating
                                                 variance: +$1.0B                                                                            Overall expense
                                                                                                                                             reduction in 2012




     FY2010        Episodic         Adj.     Investments Efficiency                 Adj.          Episodic        FY2011
                   Items &         FY2010                 Saves &                  FY2011          Items
                        (1)                                      (2)
                      FX          Constant $               Other



Note: Totals may not sum due to rounding.
(1)   Episodic items include legal and related costs and repositioning. Impact of foreign exchange translation was approximately $800 million in 2011.
(2)   Efficiency saves totaled $1.9 billion in 2011.                                                                                                          29
                                                                                                                                                             28
Building TBV and Capital
         Tangible Book Value Per Share(1)                                                                 Tier 1 Common Capital ($B)(2)

                                                                                                      Tier 1 Common Capital    Tier 1 Common Ratio

                                                                 $49.74
                                                                                                                                       $115

                                   20%                                                                   $104          $105


                                                                                                                                      11.8%
                                      $44.55
                                                                                                                       10.8%
                                                                                                         9.6%
                                                                                                         9 6%

          $41.50




                                                                                                         2009          2010            2011

                                                                                               Risk-Weighted
                                                                                               Risk Weighted Assets ($B):
            2009                       2010                       2011                              $1,089            $978             $973
Note:
(1)   Tangible book value per share is a non-GAAP measure. For additional information on this metric, see slide 36.
(2)   Under Basel I.
                                                                                                                                           30
                                                                                                                                          29
Regulatory Capital Drivers
               31,
As of December 31 2011 ($B)
                  Tier 1 Common Capital(1)                                                                            Risk-Weighted Assets(1,2)

                                                                                                                                  p
                                                                                                                           Citicorp                          g
                                                                                                                                                  Citi Holdings
     177


                                   145
                    (32)
                                                                  10            115                                           21%

                                                  (40)

                                                                                                                                                          79%




      1
   Common          2
                Goodwill            3
                                    g
                                 Tangible          4
                                                Excluded           5
                                                                 Other           6
                                                                               Tier 1
                                                                                                                                    Total: $973B
 Stockholders’      &            Common           DTA                         Common
    Equity     Intangibles        Equity                                       Capital

Note: Totals may not sum due to rounding.
(1)   Under Basel I.
(2)   Preliminary. Pro forma for the announced transfer of the substantial majority of retail partner cards from Citi Holdings into Citicorp in the first quarter of 2012.
                                                                                                                                                                              31
                                                                                                                                                                             30
Citicorp + Corporate / Other Returns

         Return on Capital
              16% in       d Basel I(1)
           – ~16% i 2011 under B l
           – Estimate similar return under Basel III, given similar level of
             capital underlying the business

         Return on risk-weighted assets
              2%
           – ~2% in 2011 under Basel I
           – Lower under Basel III, as risk-weighted assets are expected to
             be ~20% higher




Note:
(1)   Calculated as net income to year-end Tier 1 Common Capital under Basel I, allocated by percentage of risk-weighted assets attributable to Citicorp.




                                                                                                                                                             32
                                                                                                                                                            31
Conclusions

  Continuing to re-focus Citi on its historical strengths and
  culture

  Executing our strategy in a difficult operating environment

  Uniquely able to help our clients navigate the global landscape

  Remaining vigilant in risk management to protect the franchise
          g g                    g

  Maintaining expense discipline, while continuing to invest in
  the future

  Focused on improving shareholder returns




                                                                 33
                                                                32
Certain statements in this document are “forward-looking statements”

within the meaning of the rules and regulations of the U.S. Securities and

Exchange Commission. These statements are based on management’s

current expectations and are subject       to uncertainty and changes in

circumstances. Actual results may differ materially from those included in

these statements due to a variety of factors, including the precautionary

statements included in this presentation and those contained in Citigroup’s

filings with the U.S. Securities and Exchange Commission, including

                                                     g p
without limitation the “Risk Factors” section of Citigroup’s 2011 Form 10-K.


                                                                         34
                                                                        33
Citi Financial Services Conference
Vikram Pandit
Chief Executive Officer

March 7, 2012
Non-GAAP Financial Measures
                  NON GAAP
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES




($ millions, except per share amounts)
                                                                     12/31/2011     12/31/2010     12/31/2009
Citigroup's Total Stockholders' Equity                                   $177,806       $163,468       $152,700
 Less: Preferred Stock                                                        312            312            312
Common Stockholders' Equity                                               177 494
                                                                          177,494        163,156
                                                                                         163 156        152 388
                                                                                                        152,388
Less:
 Goodwill                                                                  25,413         26,152         25,392
 Intangible Assets (other than Mortgage Servicing Rights)                   6,600          7,504          8,714

 Net Deferred Tax Assets Related to Goodwill and Intangible Assets             44             56             68
Tangible Common Equity (TCE)                                             $145,437       $129,444       $118,214
Common Shares Outstanding at Quarter-end                                  2,923.9        2,905.8        2,848.3
Tangible Book Value Per Share                                        $      49.74   $      44.55   $      41.50
(Tangible Common Equity / Common Shares Outstanding)




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                                                                                                           35

				
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