Citigroup in ¥50 Billion Debt Offering

October 31, 2005

Cleary represented the underwriters, led by Citigroup Global Markets Limited, in an offering of ¥50 Billion 2.400% fixed rate notes due 2025 issued by Citigroup Inc., Citigroup Global Markets’ parent. The notes, issued under a shelf registration statement, were offered for sale in the United States and abroad, and will be listed on the Luxembourg Stock Exchange.

Citigroup Inc., a global financial services company with approximately 200 million customer accounts in more than 100 countries, provides financial products and services, including banking, securities brokerage and asset management.