Citigroup Inc. is announcing the redemption, in whole, constituting $2,550,000,000 of its 2.900% Notes due 2021 (the ?FXD notes?) (ISIN: US172967LC35), and the redemption, in whole, constituting $750,000,000 in aggregate principal amount, of its Floating Rate Notes due 2021 (the ?FRN notes? and together with the FXD notes, the ?notes?) (ISIN: US172967LB51). The redemption date for the notes is November 8, 2021 (the ?redemption date?). The cash redemption price payable for the notes on the redemption date will equal par plus accrued and unpaid interest. The redemptions announced are consistent with Citigroup's liability management strategy, and reflects its ongoing efforts to enhance the efficiency of its funding and capital structure. Citigroup will continue to consider opportunities to redeem or repurchase securities, based on several factors, including without limitation, the economic value, regulatory changes, potential impacton Citigroup's net interest margin and borrowing costs, the overall remaining tenor of Citigroup's debt portfolio, capital impact, as well as overall market conditions.