Barclays Global Financial Services ConferenceVikram PanditChief Executive OfficerChief Executive Officer

September 10, 2012

Citi’s Transformation

Consistent execution is delivering strong resultsg g

Recent performance stems from transformation begun in 2008

Citigroup is now simpler smaller safer and stronger– Citigroup is now simpler, smaller, safer, and stronger

Citicorp’s earnings are diverse and sustainable – leveraging our unparalleled global network for clients around the worldour unparalleled global network for clients around the world

Continuing to wind-down Citi Holdings

Building book value and regulatory capital

12

Citigroup – Results($B)

Citicorp + Corp / Other Holdings

ExpensesRevenues(1,2)

($B)

$87 1

Citicorp + Corp / Other Holdings

40.0 44.5

7.4 6.5

3.1 2.5

$47.4 $50.9

$25.3 $24.5

-3%-3%

74.7 70.2 36 2 37 4

12.3 6.2

4.1 1.7

$87.1$76.3

$40.2 $39.1

22.2 22.0

2010 2011 1H'11 1H'12

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

36.2 37.4

2010 2011 1H'11 1H'12

12.2

$26.0

$12.8

Citicorp + Corp / Other Holdings

$10.9 $9.8 $6.3 $6.5

Citicorp + Corp / Other Holdings

-11%4%

Note:

13.96.8 3.1 3.3

6.0 3.5 2.6 $6.6 $5.8

2010 2011 1H'11 1H'12

15.5 14.1 7.9 8.5

(4.6) (4.3) (1.7) (2.0)

$6.3 $

2010 2011 1H'11 1H'12

%

23

(1) Excludes credit valuation adjustment (CVA) on derivatives, net of hedges, and debt valuation adjustment (DVA) on Citigroup's fair value option debt. For the CVA / DVA for the periods presented, see Citigroup’s Historical and Second Quarter 2012 Quarterly Financial Data Supplements furnished as exhibits to Form 8-K filed with the U.S. Securities and Exchange Commission on March 26, 2012 and July 16, 2012, respectively.

(2) In 1H’12, excludes a pre-tax loss on the partial sale of Citi’s minority interest in Akbank T.A.S. (Akbank) of ($424)MM in 2Q’12, pre-tax gains on the sales of Citi’s remaining minority interest in Housing Development Finance Corporation Ltd. (HDFC) and its minority interest in Shanghai Pudong Development Bank (SPDB) of $1.1B and $542MM, respectively, in 1Q’12, and a pre-tax impairment charge related to its minority interest in Akbank of ($1.2)B in 1Q’12. In 1H’11, excludes a pre-tax gain on the partial sale of Citi’s minority interest in HDFC of $199MM in 2Q’11. These gains / (losses) were recorded in Corporate / Other. Items tax-effected for impact to net income.

(3) Credit Provisions: Net loan loss reserve builds / (releases), policyholder benefits and claims, provisions for unfunded lending commitments, and net credit losses.

($B)Citicorp – 1H’12 Momentum

1H'11 1H'12 %Revenues $19 3 $19 8 2%

1H'11 1H'12 %Revenues(1) $36 2 $37 4 3%

($B)

Global Consumer BankingCiticorp + Corp / Other

Revenues $19.3 $19.8 2%Expenses & PBC(2) 10.5 10.6 1%PPNR(3) 8.8 9.2 4%NCL 5.9 4.4 (25%)EBT ( LLR) 2 9 4 8 62%

Revenues $36.2 $37.4 3%Expenses & PBC(2) 22.3 22.1 (1%)PPNR(3) 13.9 15.3 10%NCL 6.2 4.5 (28%)EBT ( LLR) 7 7 10 8 41% EBT (ex-LLR) 2.9 4.8 62%

LLR (2.7) (1.5) (47%)Net Income $3.9 $4.2 6%

EBT (ex-LLR) 7.7 10.8 41%LLR (3.2) (1.3) (59%)Net Income $7.9 $8.5 7%

Securities & BankingTransaction Services1H'11 1H'12 %

Revenues(1) $11.6 $11.9 2%Expenses 7.7 7.3 (5%)PPNR(3) 3 9 4 6 18%

1H'11 1H'12 %Revenues $5.2 $5.6 6%Expenses 2.8 2.8 2%PPNR(3) 2 5 2 8 11%

g

PPNR 3.9 4.6 18%NCL 0.4 0.0 NMEBT (ex-LLR) 3.5 4.5 28%LLR (0.5) 0.1 NMN t I $2 9 $3 4 14%

PPNR 2.5 2.8 11%NCL 0.0 0.0 NMEBT (ex-LLR) 2.5 2.7 10%LLR 0.0 0.1 NMN t I $1 7 $1 8 8%

3

Net Income $2.9 $3.4 14%Net Income $1.7 $1.8 8%Note: Totals may not sum due to rounding.(1) For Citicorp + Corp / Other, revenues exclude CVA / DVA and the impact of minority investments. For Securities and Banking, revenues exclude CVA / DVA. See Slide 3,

Footnotes 1 and 2.(2) PBC: Provision for benefits and claims. Includes PBC of $92MM and $107MM in 1H’11 and 1H’12, respectively.(3) PPNR: Pre-provision net revenues. Defined as revenues (ex-CVA / DVA and the impact of minority investments) less operating expenses and PBC (defined above). 4

Citigroup Transformation2008 to Present2008 to Present

Strategic

Outcomes

Strategic

SimplerStructural − Simpler

− Smaller

− SaferCultural

Safer

− Stronger

Financial

45

Citigroup TransformationSimplified Business Model

Citigroup Assets

Simplified Business Model

− Disciplined strategy: back to the basics of banking

C t d Citi’ i hi t i l t th

10%

Citi Holdings

− Centered on Citi’s unique historical strengths: our unparalleled global network and local market expertise

− Focused on those clients, products, and regions icor

p90%

10%

Citicorp(1)

, p , gwhere Citi has a differentiated ability to serve

− Well-positioned to harness global growth trends

Diversified earnings base and risk exposures for

Citi

90% − Diversified earnings base and risk exposures for balanced, responsible growth

− Non-core assets and businessessTotal Assets: $1.9T o co e assets a d bus esses

− Generally more capital-intensive

− Being reduced in an economically rational mannerHol

ding

s

5

Note: Assets as of June 30, 2012.(1) Includes Corporate / Other assets of $289B.

6

Citigroup TransformationReduced Size and Range of Businesses

Since 2008, sold nearly 100 non-core businesses and portfolios

Reduced Size and Range of Businesses

Nikko Cordial Student Loan Smith Barney PrimericaGerman Retail Business Colfondos

CorpCitiFinancial AutoHabitat

yEggBelgium Consumer

Diners Int’lRedecard Stake

Significantly reducing non-core assets

$797 ($B)

$619

$458 $313

$225 $191

-76%

$225 $191

1Q'08 2008 2009 2010 2011 2Q'12% of Citigroup Assets

6

% of Citigroup Assets36% 32% 25% 16% 12% 10%

7

Citicorp – Back to Basics of Banking

1984 1997 1998 2011(1)Revenue

By Business Segment

Private BankingInstitutional BankingConsumer Banking

40%

5%

28%14%

9%

3% 2%

40%

3%

46%

(Citicorp)

Private BankingConsumer InsuranceInstitutional InsuranceBrokerage & Asset Mgmt.Consumer Finance

55%40%

26%18%

56%40%46%

54%

By Region

Latin AmericaNorth America

55%20%

11%

47%

18%

42%

22%

78%6%

7%9%

EMEAAsia

55%

14%

47%

15%

20%42%

19%

17%78%

7

Note: Revenue does not include Corporate / Other segment revenue. 1998 Brokerage revenue includes 50% of Salomon Smith Barney commission revenue; 1998 Private Bank and Asset Management revenue allocated regionally per Global Corporate and Investment Bank revenue mix.

(1) Revenues for Citicorp only, excluding CVA / DVA.

8

Citigroup TransformationEstablished a Safer Stronger Foundation for Growth

Tier 1 Common Capital(1) Liquidity ($B)(2)

Established a Safer, Stronger Foundation for Growth

$15910 4%

$253

$402 $427 $406 $412

2 3%

9.6% 10.8% 11.8% 12.7%10.4%

Level 3 Assets ($B) 99% 1 Day Average Value at Risk(3) ($MM)

2008 2009 2010 2011 2Q12

2.3%

2008 2009 2010 2011 2Q12

c c

$292$266

$205 $189$149

($143)$146

$97 $

($95)

$149

2008 2009 2010 2011 2Q'12(4) (4)

$71 $61 $51

2008 2009 2010 2011 2Q'12

89

Note:(1) As defined under Basel I.(2) Unencumbered aggregate liquidity resources. Reflects balances of unencumbered cash at major central banks as well as unencumbered highly liquid securities.(3) For additional information regarding Citigroup’s Value at Risk (VAR), see “Market Risk” in Citi’s Second Quarter 2012 Form 10-Q filed with the U.S. Securities and

Exchange Commission on August 3, 2012.(4) In 2011, Citigroup changed its VAR methodology prospectively to include the CVA on derivative counterparty exposure. For additional information, see “Market Risk” in

Citi’s 2011 Form 10-K filed with the U.S. Securities and Exchange Commission on February 24, 2012.

Citicorp StructureSimple Client-Centered Organization

Businesses Regions

FocusedClient

Global Consumer Bank

Transaction ServicesAsia / Japan

North America

SegmentsTransaction Services

Securities & Banking

EMEA

Latin America / Mexico

Supported by centralized global functions and management depthClient-centered organization to provide integrated products and servicesCentralized global functions support the businesses to improve efficiencyCentralized global functions support the businesses to improve efficiency, consistency and controlsImplementing common global technology and infrastructureStrong management team

910

g gTalent development and culture is critical to execution

Citicorp – Diverse Earnings Base($B)

Global Consumer Banking Transaction Services Securities & Banking Corp / Other

LTM Pre-Tax Earnings (ex-LLR) by Business(1,2)

($B)

30%30%

1%

$17.1$17.4 $17.6

$15.5 $14.7 $14.4$14.0

$16.0$17.1

22%

34% 34% 34%31%

29%

60% 52% 47% 41% 40% 38% 29%

20% 22% 23% 30% 36% 41% 48% 49% 50%30% 29% 29% 33% 34%

(11%) (3%) (3%) (10%) (14%) (11%) (10%) (9%)

2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12

N t T t l t d t di I l d lt f C t / Oth

1011

Note: Totals may not sum due to rounding. Includes results for Corporate / Other.(1) LTM: Last twelve months to each period. Excludes CVA / DVA in Securities & Banking, the impact of minority investments in Corp / Other, and the impact of loan loss

reserve builds / (releases). For the LLR and CVA / DVA for each of the periods presented, see Citigroup’s Historical and Second Quarter 2012 Quarterly Financial Data Supplements furnished as exhibits to Form 8-K filed with the U.S. Securities and Exchange Commission on March 26, 2012 and July 16, 2012, respectively. For more information on the impact of minority investments, see Slide 3, Footnote 2.

(2) Excludes $10.1B pre-tax loss associated with the TARP repayment and exiting the loss-sharing agreement in 4Q’09 and a $1.4B pre-tax gain from the extinguishment of debt associated with the exchange offers in 3Q’09.

Citicorp – Diverse Earnings Base($B)

North America Asia Latam EMEA Corp / Other

LTM Pre-Tax Earnings (ex-LLR) by Region(1,2)

($B)

31% 26% 24%27% 26%

24%23%1%

$17.1 $17.4 $17.6

$15.5 $14.7 $14.4 $14.0

$16.0 $17.1

22%

31% 34%

20% 22% 22%26% 29% 29% 29%

28%27%

25% 27% 26% 25%

29% 26% 21% 19% 20% 21% 20% 23% 26%

31% 30% 30%33% 34% 38% 38%

36%34%

N t T t l t d t di I l d lt f C t / Oth

(11%) (3%) (3%) (10%) (14%) (11%) (10%) (9%)

2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12

1112

Note: Totals may not sum due to rounding. Includes results for Corporate / Other.(1) LTM: Last twelve months to each period. Excludes CVA / DVA in Securities & Banking, the impact of minority investments in Corp / Other, and the impact of loan loss

reserve builds / (releases). For the LLR and CVA / DVA for each of the periods presented, see Citigroup’s Historical and Second Quarter 2012 Quarterly Financial Data Supplements furnished as exhibits to Form 8-K filed with the U.S. Securities and Exchange Commission on March 26, 2012 and July 16, 2012, respectively. For more information on the impact of minority investments, see Slide 3, Footnote 2.

(2) Excludes $10.1B pre-tax loss associated with the TARP repayment and exiting the loss-sharing agreement in 4Q’09 and a $1.4B pre-tax gain from the extinguishment of debt associated with the exchange offers in 3Q’09.

Citicorp – Momentum Supported by Global Trends

GlobalizationRise of Emerging Markets

− Citi has unparalleled presence in the emerging markets, which are expected to enjoy sustained higher GDP growth

− Opportunities driven by growth in global trade (particularly EM-EM), f EM b d lti ti l d i f EM

Rise of Cities

Markets emergence of EM-based multi-nationals and rise of EM consumer − U.S. remains bright spot among developed market economies

− Citi is focused on retail banking in the world’s largest 150 cities,

D l i f

AcceleratingUrbanization

where GDP is increasingly concentrated (particularly in EM) − Opportunities driven by growing consumer demand for financial

services, as well as infrastructure and investment needs

Deleveraging of Developed WorldDigitization

− Actively developing mobile payment systems and technology− Leader in corporate mobile payments− Collaborating with important non-financial firms, e.g. IBM / Google

TechnologyRegulatory & Capital

Environment

− Citi is better positioned for consumer regulatory changes in U.S.− Basel III friendly business model:

• Minimal impact on Transaction Services / Consumer Banking

12

Environment• Institutional business focused on flow facilitation

13

Citicorp – Momentum Supported by Global Trends

2011 – 2016E CAGR

$86T CAGR

Emerging Markets are Driving GDP Growth EM is Growing as % of Global Trade

5.5%

$86T

8.6%

12.7%

CAGR

35%

3.0%World GDP 3.3%

$37T 42% 8.6%

1.8%

0.3%

EM-EM

EM-DM 43%

25%

Developed

Developed Total U.S.Euro Area Emerging Total

33% 22%

2010 2020

DM-DM4.5%

13

Euro Area Emerging Total

Source: Citi Investment Research & Analysis

14

Citicorp – Momentum Supported by Global TrendsGlobal GDP is Concentrating in Major Cities

GDP in World’s Top 600 Cities(1) ($T)

Creating a Large Urban Consumer BaseUrban Consumer Class Population(2)(B)

EM cities expected to contribute 95%

1.0 0.1 2.6

$65.0

$50

$60

$70

4.4%

CAGR

7 8%

of growth in urban consumer class

1.5

11.3

34.8

$34.0

$30

$40

$50

72%

7.8%

43% 28%

56%

22.730.2

11.3

$10

$20 1.9%

2010 2025EEM Cities

DMCities

$0 2010 2025E

Developed Markets (DM) Emerging Markets (EM)

14

Note: Estimates. Totals may not sum due to rounding.(1) Defined as the top 600 cities by contribution to global GDP growth 2010 – 2025.(2) Defined as people with daily disposable income of $10USD or more at 2005 Purchasing Power Parity.Source: McKinsey Global Institute Cityscope 2.0

Developed Markets (DM) Emerging Markets (EM)

15

Citicorp – Global Consumer Banking($B)

Revenues (Constant $)(1)

($B)

+5%

North America AsiaLatin America EMEA Global Consumer Bank in 40 countries– 100+ million customers

Highlights

4.3 4.83.8 3.90.8 0.7

$18.8 $19.8 +5%

Growth

N A 4%

Latam: 10%

Asia: 3%

100 million customers– ~4,600 branches(3)

– $284B of retail and card loans and $324B of deposits as of 2Q’12

– Leveraging global scale and growth in9.9 10.3

1H'11 1H'12

Earnings Before Taxes (ex-LLR)(2)

N.A.: 4% – Leveraging global scale and growth in emerging markets

– Improving customer experienceLeading cards issuer globally by loans

$Earnings Before Taxes (ex-LLR)( )

1.20.0

$4.8 +62%Growth

Asia: 6%

– $145B of loans as of 2Q’12– >10% market share in 15 countries– Strong and improving returns

Retail Banking in world’s largest 150 cities

0.72.40.9

1.11.20.1

$2.9

N.A.: 218%

Latam: 19%Retail Banking in world s largest 150 cities

– Growing our wealth management and commercial banking franchise

– Implementing global technology platforms– Drive to build the world’s leading digital

15

Note: Totals may not sum due to rounding.(1) Excludes the impact of foreign exchange translation (FX) into U.S. dollars for reporting purposes.(2) Excludes the impact of loan loss reserve builds / (releases).(3) Includes ~400 branches from the Banco de Chile joint venture.

1H'11 1H'12– Drive to build the world s leading digital

bank

16

Diversified, High Quality Consumer Portfolio

North America Latam Asia EMEANorth America

EMEA LatamAsia

Global Consumer Bank

LTM Net Credit Margin ($B)(1)Net Credit Loss Ratio (%)

11

1 1

$$25

$27 $28

$29 $30

8%

9%

10% Global Consumer Bank

8 8 6 6 6 6 7 7

7 7 7 7

1 1 1 1 1 1

1

$20 $21 $22 $23 $24 $

4.2%5%

6%

7%

12 13 14

5 6 6 7 7 7 8 8 8 6 6 4.1%

4.2%

3.0%

2%

3%

4%

8 8 8 9 9 10 11 12 13 14

0.8%

0.9%

0%

1%

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

2009 2010 20111Q 3Q 4Q 1Q 2Q 4Q 1Q 2Q2Q 3Q

2010 2011 20122012

16

2009 2010 2011

Note: Totals may not sum due to rounding.(1) LTM: Last twelve months to each period. Net credit margin defined as revenues less net credit losses and provision for benefits and claims.

2010 2011 20122012

17

Citicorp – Transaction Services($B)

$5 6

Unparalleled network in ~100 countries– $399B of deposits and $76B of loans at 2Q’12

Revenues Highlights($B)

+6%

Treasury & Trade Solutions Securities & Fund Services

4 2

1.5 1.4$5.2 $5.6 $ p $

– Processes ~$3T of transactions daily in 135 currencies on seamless global platforms

– Unique ability to facilitate EM flows– Generates significant local markets FX and

+6%

3.8 4.2

1H'11 1H'12

Generates significant local markets FX and interest rate activity (captured in S&B)

Leader in Treasury & Trade Solutions– Working capital solutions and trade finance

O i h d i d f l t ith– Overcoming headwind of low rates with strong transaction growth and new mandates

– Gaining share in trade finance, with loan growth over 50% YoY

Net Income

+8%$1.7 $1.8 Top Tier Securities & Fund Services Provider

– Unique global platform in ~60 countries– End-to-end solutions for investors,

intermediaries and issuers

8%

17

1H'11 1H'12– Enabling DM-EM & EM-EM asset flows– Gaining share with marquee asset managers

Note: Totals may not sum due to rounding. 18

Citicorp – Securities & Banking($B)

Revenues (ex-CVA / DVA)(1) Highlights($B)

Strong client franchise with unique exposure to emerging marketsInvestment Banking Equities

Private BankFixed IncomeOther(2)

Lending(2)

6 9 7 6

0.9 1.11.1 1.11.9 1.71.9 1.5$11.6 $11.92% – Deepening relationships and wallet share

with ~5,000 priority clients– Focused on multi-national companies and

institutions which require global services

(1.1) (1.1)

6.9 7.6

1H'11 1H'12

Net Income (ex-CVA / DVA)

– Emphasis on risk-adjusted returns– Integrated with Transaction Services to

leverage operating relationships & capture significant FX and interest rate activity

$2 9$3.4

Net Income (ex-CVA / DVA)

14%

1H’12 performance driven by:– Fixed income revenues (up 9% YoY), on

strong rates & currencies performance– Higher core lending revenues and$2.9

$ Higher core lending revenues and momentum in private banking

– Expense discipline (down 5% YoY)– Offset by lower equity and investment

banking revenues on lower market

18

1H'11 1H'12Note: Totals may not sum due to rounding.(1) Total CVA / DVA for S&B was ($82)MM in 1H’11 and ($1,178)MM in 1H’12. (2) Lending revenues exclude the impact of hedge gains / losses, which are included in Other. Hedge gain / losses were ($282)MM in 1H’11 and ($462)MM in 1H’12.

banking revenues on lower market volumes

19

Fixed Income – Differentiated Corporate Client Mix

2011 Global Wallet and Citi Fixed Income Client Revenues(1) 2011 v 2010 ∆%

Total

Market Citi

+3% +9%

Investor +3% +7%

29% Corporate +6% +13%18%

Market Citi

19

Note:(1) Market data estimates from third party consultants and internal Citi analysis.

20

Fixed Income – Local Markets Rates & Currencies($B)

LTM Revenues (ex-CVA / DVA)

($B)

$4.1 $4.1 $4.2 $4.2 $3.9 $4.0

$3.7 $3.9

$4.3 $4.5

1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12

20

Note: Totals may not sum due to rounding. LTM: Last twelve months to each period. CVA / DVA for each period from 2Q’09 through 2Q’12 was as follows (in $MM): $862, ($42), $84, $67, $3, $24, $26, ($21), $6, $61, ($5), ($22), and $13.

21

Citicorp – Capital Efficient with Attractive Returns($B)($B)

BIII / BI Citicorp + Corp / Other 15.9%B l I B l III RWA

1H'12 Return on Average TCE(1,2)2Q'12 Risk-Weighted Assets

Basel I Basel III RWA Citigroup 8.8%Citicorp + Corp / Other $807 $930 1.15xCiti Holdings 172 323 1.88xCitigroup $978 $1,253 1.28x

Global Consumer Banking 2.7% Global Consumer Banking 28.5%Institutional Clients Group 1.7% Institutional Clients Group 18.4%

1H'12 Return on Average BIII RWA(2) 1H'12 Return on BIII Capital @ 9.5%(2)

Citicorp + Corp / Other 1.8% Citicorp + Corp / Other 19.3%Citigroup 1.0% Citigroup 10.6%

Note: Totals may not sum due to rounding. Estimates relating to Basel III are based on Citi’s current interpretation, expectations, and understanding of the Basel III requirements, i l di i h li i i h U S l ’ d l l i B l III (NPR) ll h fi l U S k i k i l l d il bj fi l

21

including without limitation the U.S. regulators’ proposed rules relating to Basel III (NPR) as well as the final U.S. market risk capital rules, and are necessarily subject to final regulatory clarity and rulemaking, model calibration, and other implementation guidance in the U.S. The estimated Basel III Tier 1 Common ratio has been calculated based on the “advanced approaches” for determining risk-weighted assets under the NPR.

(1) TCE: Tangible Common Equity. TCE allocated based on estimated Basel III risk-weighted assets, as calculated under the proposed “advanced approaches.” TCE and related metrics are non-GAAP financial metrics for SEC reporting purposes. See Slide 30 for a reconciliation of this metric to the most directly comparable GAAP metric.

(2) Net income for returns calculation excludes CVA / DVA and the impact of minority investments. See Slide 3, Footnotes 1 and 2.

22

Citi Holdings – Financial Summary($B)

Net Income (as Reported)Revenues (ex-CVA / DVA)

CVA / DVA:(0.05) 0.02 (0.06) (0.03) 0.02 0.05 0.03 0.09 0.02

($B)

($1.3) ($1.5)($1.1) ($1.0) ($0.7)($1.2) ($1.3) ($1.0) ($0.9)

$3.2

$2.1$2.4

$1.7$2.4

$1.1 $1.1 $0.8 $0.9

2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12

$0.8

2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12

A t % f Citi A t

22%

14%

$420

$265

Assets % of Citigroup Assets

-55%

14%10%

$265$191

22

2Q'10 2Q'11 2Q'122Q'10 2Q'11 2Q'12

23

Citi Holdings – Asset SummaryAs of June 30 2012 ($B)As of June 30, 2012 ($B)

Citi Holdings Assets

Brokerage &Over 50% of Citi Holdings consists of North America mortgage assets ($100B)

Asset Details

11%17%

Brokerage &Asset Mgmt

$21Special Asset Pool

$32

North America mortgage assets ($100B)

Other Local Consumer Lending ($38B)– $10B international consumer assets– $15B N.A. personal and other loans

20%

$15B N.A. personal and other loans– $13B other N.A. assets

Special Asset Pool ($32B)– $15B MTM assets and AFS securitiesLocal Consumer20%

52%OtherLCL $38

– $7B held-to-maturity securities– $10B accrual loans and other assets

Brokerage and Asset Management ($21B) N.A.

Mortgage

Local Consumer Lending

$191B of Assets

$38– $11B equity in MSSB JV– $6B MSSB JV client margin loans– $3B MSSB JV financing

$1B t il lt ti i t t

Assets$100

10% of Total Citigroup Assets

23

Note: Totals may not sum due to rounding.

– $1B retail alternative investmentsg p

24

Citi Holdings – Financial Results ($B)

Rep & Warranty Legal & Related / Repositioning

Adjusted Operating Margin(1)

($B)Total Adjusted Items

(0.3) (0.3) (0.3) (0.2)(0.3)

(0.7)(0.2) (0.2)

$(0 6) $(0.5) $(0.4)

$0.1 $0.2 $0.1 $0.1

$(0.6)$(1.0)

$(0 5)

3Q'11 4Q'11 1Q'12 2Q'123Q'11 4Q'11 1Q'12 2Q'12

Net Credit Losses Adjusted Pre-Tax Earnings (ex-LLR)(3)Net Credit Losses Adjusted Pre Tax Earnings (ex LLR)

0 9

$1.9 $1.5 $1.4 $1.3

N.A. Mortgages Other2Q’12 Citi Holdings LLR: $12.2B2Q’12 N.A. Mortgage LLR: $9.4B

1.0 0.9 0.9 0.9

0.9 0.6 0.4 0.5

3Q'11 4Q'11 1Q'12 2Q'12N.A. Mortgage LLR: Months of Coverage

(2) ($2.0)($1.5) ($1.5) ($1.4)

2425

30 31 31 32

Note:(1) Adjusted operating margin is defined as revenues less expenses, excluding CVA / DVA, rep and warranty reserve builds, legal and related costs, and repositioning expenses. (2) 1Q’12 excludes approximately $370MM of charge-offs related to previously deferred principal balances on modified mortgages. Virtually all of these charge-offs were offset by a

specific reserve release.(3) Pre-tax earnings, excluding the impact of CVA / DVA, rep and warranty reserve builds, legal and related costs, repositioning expenses, and loan loss reserve builds / (releases).

3Q'11 4Q'11 1Q'12 2Q'12

Citigroup – Building Book and Regulatory Capital

($B)Tangible Book Value Per Share(1)Tangible Common Equity(1)

$137$142 $145 $145

$149 $152

$46.87$48.75 $49.50 $49.74

$50.90 $51.81

1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12

Basel I Tier 1 Common Basel III Tier 1 Common(2)

1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12

7.9%

Basel I Tier 1 Common Basel III Tier 1 Common( )

11 8%

12.5% 12.7%

7.2%11.3%11.6% 11.7% 11.8%

25

1Q'12 2Q'121Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12

Note:(1) Tangible common equity, tangible book value per share, and related metrics are non-GAAP financial measures. For a reconciliation of these metrics to the most directly

comparable GAAP metrics, please refer to Slide 30.(2) See note on Slide 22. 26

Conclusions

Executing a clear simple strategy leveraging Citi’s coreExecuting a clear, simple strategy – leveraging Citi s core historical strengths and global footprint

Citicorp showing strong momentum and well positioned toCiticorp showing strong momentum and well positioned to capitalize on long-term global growth trends

Winding down Citi Holdings in an economically rationalWinding down Citi Holdings in an economically rational manner

F d i i h h ld t d i it lFocused on improving shareholder returns and growing capital

2627

Certain statements in this presentation 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

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

27

g p

28

Barclays Capital Global Financial Services ConferenceVikram PanditChief Executive OfficerChief Executive Officer

September 10, 2012

Non-GAAP Financial Measures – Reconciliations

($ millions, except per share amounts) 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12

Citigroup's Total Stockholders' Equity $171,037 $176,364 $177,372 $177,806 $181,820 $183,911Less: Preferred Stock 312 312 312 312 312 312 Less: Preferred Stock 312 312 312 312 312 312

Common Stockholders' Equity 170,725 176,052 177,060 177,494 181,508 183,599

Less: Goodwill 26,339 26,621 25,496 25,413 25,810 25,483

Intangible Assets (other than Mortgage Servicing Rights) 7,280 7,136 6,800 6,600 6,413 6,156

Goodwill and Intangible Assets - Recorded as Assets Held for Sale / Assets of Discont. Operations Held for Sale 165 - - - - -

Net Deferred Tax Assets Related to Goodwill and Intangible Assets 53 50 47 44 41 38

Tangible Common Equity (TCE) $136 888 $142 245 $144 717 $145 437 $149 244 $151 922Tangible Common Equity (TCE) $136,888 $142,245 $144,717 $145,437 $149,244 $151,922Average Tangible Common Equity $133,166 $139,567 $143,481 $145,077 $147,341 $150,583

Common Shares Outstanding at Quarter-end 2,921 2,918 2,924 2,924 2,932 2,933

Tangible Book Value Per Share $46.87 $48.75 $49.50 $49.74 $50.90 51.81$

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