Career at Citi

September 17, 2008

Ruslan BelyaevRuslan BelyaevDirectorSt. Petersburg Branch Manager

Olga KarpuninaOlga KarpuninaHR HeadConsumer BankSt. Petersburg Branch

Russia is a BRIC Leader

Brazil Russia India China

Size of Economy (1) (US$bn) 1,007 1,290 988 3,220

Economic Growth (2) (%) 3,4 8,1 8,3 9,8

Size of Equity Mkts (3) (US$bn)Growth 2001–2006 (%)

874309

1,0421,055

821713

1,146202

Growth of Acquisitions (4) (%) 316 1,831 1,266 459

Growth of Equity Offerings (5) (%) 607 7,943 2,491 771

% of Global 2006–2007 IPOOfferings (6) (%)

>5 ~10 <5 ~20

Notes: (1) 2007 Nominal GDP; Source: EIU.(2) 2007P GDP growth; Source: EIU.(3) Market Cap as of December 2006 from Factset.(4) 2001–2006 Market Volume; Source: SDC – Any Involvement.(5) 2001–2006 Equity offerings – Equity and Equity Linked.(6) 2006–2007YTD IPOs as of 17 September.

2

FDI in Russian Federation 1994-2007, forecast 2008-09, USD bn

0.7 2.1 2.64.9

2.83.3

2.7 2.53

8

12.5

12.9

32.4

53

34

38

0

10

20

30

40

50

60

'94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08F'09F

FDI

3

Large Opportunity for Further Development of the Banking Sector

The Russian banking sector remains under-penetrated by global standards.

Banking assets stood at 68% of GDP at the end of 2007, much lower than in other BRIC countries.

48%

23% 22%21%

17%14%

10%

0%

10%

20%

30%

40%

50%

South Africa Hungary Poland CzechRepublic

Romania Turkey Russia

4

Possessing a large-scale modern domestic financial services sector facilitates capital allocation between investors and companies.

Banking Assets as % of GDP, 2007

Consumer Loans as % of GDP, 2007

Source: Citi Investment Research

266%

218%

162%

111% 111%89% 78% 68%

0%

100%

200%

300%

Germany UK China India Brazil Turkey Poland Russia

Corporate loans stood at about 30% of GDP at the end of 2007, while retail loans, including mortgages, were only 11% of GDP.

The Russian banking sector exhibits consistently strong loan growth rates over the last several years in the range of 35-55%.

Source: EIU

Citi in Russia – Expanding Network

Location

No. of Branches

2007 Year-End

Moscow 38

St. Petersburg

15

Ekaterinburg 3

Samara 2

Nizhny Novgorod

1

Rostov 2

Volgograd 1

Total 62

Distribution by Cities

Operating Branches Launched Operations in 2007 Target for 2008/ 2009

5

• St.Petersburg Branch opened in 1996

• Full range of corporate banking services with market leading consumer franchise

• Growing client base of over 200 global and local companies, financial institutions, non-profit and government organizations

• Over 150 000 consumer clients

• Currently 14 branches & 1 sales center, over 100 ATMs

• Over 700 employees in corporate and consumer banking

• Citi is actively involved in community life supporting children and education institutions

Citi in St. Petersburg

6

Citi in Russia – Long Established and Broad Presence

Transaction Services

TreasuryCorporate Finance

and LendingInvestment

BankBanking Cards

Commercial Banking Consumer Banking

Account Services

Cash Management

Collections

Trade

Working Capital

Securities Services

FX

Derivatives

Hedging

Time Deposits

Investments in the Local Securities

FCY Lending

LCY Lending

Debt Capital Markets

Structured Finance

Securitisation

Project Finance

Advisory

Equity CapitalMarkets

Debt Capital Markets

Credit Cards

Equal PaymentsPlan

Personal InstallmentLoans

Savings Plans

Fixed Income

Mutual Funds

Current Accounts

Deposits

Insurance

No. of Employees

2006 2007 2008

Corporate 1,300 1,500 1,800

Consumer 300,000 450,00 650,000

No. of Customers

2006 2007 2008

Corporate 485 600 741

Consumer 2,365 2,500 2,964

Citibank Launched Operations in Russia in 1994

7

Citibank Russia Consumer Business

Retail Banking

– Branches

– Bank @ Work

– Product Team (CitiOne, PIL)

– Marketing department

Credit Cards

– Direct Sales

– Telesales

– Product Team (Credit Cards)

– Marketing

Credit and Risk

Quality Assurance

Strategic Analytics Unit

Customer Service

CitiPhone

Collection Unit

Consumer Finance

Legal

Compliance

TI Department

Human Resources 8

Branch Career Opportunities

We Value people who… are committed to a strong work ethic are constantly striving to exceed customer’s

expectations are more interested in teamwork are top performers are committed to excellence in whatever they do

District Manager

Relationship Manager

Intern

Direct Sales Agent

CitiGold Associate

Branch Manager

CitiGold Executive

9