Citizens Financial : Completes Previously Announced Acquisition of Willamette Management Associates

09/01/2021

PROVIDENCE, R.I. -Citizens Financial Group, Inc. [NYSE: CFG] today announced that it has completed itsacquisition of Willamette Management Associates, a valuation consulting and forensic analysis firm with offices in Chicago, Atlanta and Portland, Ore. This transaction further strengthens the bank's growing corporate financial advisory capabilities and places Citizens among the top valuation services providers in the country.

For more information about Citizens, visit theCitizens website. For more information about Willamette Management Associates, visit theirwebsite.

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $185.1 billion in assets as of June 30, 2021. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,000 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.comor visit us on Twitter, LinkedInor Facebook.

About Willamette Management Associates

Founded over 50 years ago, Willamette Management Associates services include valuation analysis, transactional opinions, damages and other forensic analysis, and transfer price analysis. Willamette provides these services in matters related to transactions, taxation, and litigation. The firm's clients range from substantial private companies to Fortune 500 multinational corporations and include the banking industry, the accounting profession, the legal community, and government and regulatory agencies.

Forward-looking statements

'Safe Harbor' Statement under the Private Securities Litigation Reform Act of 1995: This communication contains 'forward-looking statements' - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as 'expect,' 'anticipate,' 'intend,' 'plan,' 'believe,' 'seek,' 'see,' 'will,' 'would,' or 'target.' Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include the failure to consummate this transaction or to make or take any filing or other action required to consummate any such transaction on a timely matter or at all. These or other uncertainties may cause our actual future results to be materially different from those expressed in our forward-looking statements. We caution you, therefore, against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. More information about factors that could cause actual results to differ materially from those described in the forward-looking statements can be found under 'Risk Factors' in our Annual Report on Form 10-K for the year ended December 31, 2020 and our Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 as filed with the United States Securities and Exchange Commission.