Fixed Income Investor Review

April 22, 2013

Citi | Fixed Income Investor Relations

John GerspachChief Financial Officer

Eric AboafTreasurer

HighlightsImproved business performance

– $4.0B net income, excluding CVA / DVA(1)

– Reduced earnings drag from Citi Holdings – Utilized modest amount of deferred tax assets

Continued favorable credit trends; well reserved– Net credit losses of $3.0B down 25% YoY; $23.7B of loan loss reserves, 3.7% of total loans

Disciplined balance sheet management– Year-over-year growth in Citicorp loans and deposits, reflecting strength in core businesses– Continued wind-down of Citi Holdings, with assets down 29% year-over-year

Robust liquidity and strong capital base– $376B high quality liquid assets, Basel III LCR estimated to be 116%(2), comfortably above

proposed requirement– Basel I Tier 1 Common of 11.8%(3), estimated Basel III Tier 1 Common of 9.3%(4)

Focused on achieving financial targets

(1) Adjusted results, as used throughout this presentation, are non-GAAP financial measures. Please refer to Slide 38 for a reconciliation of this information to reported results. (2) Preliminary as of March 31, 2013. Citigroup's estimated Basel III Liquidity Coverage Ratio (LCR) is a non-GAAP financial measure. The LCR estimate is calculated in

accordance with the Basel Committee on Banking Supervision "Basel III: The Liquidity Coverage Ratio and Liquidity Risk Monitoring Tools” released on January 7, 2013. Citigroup’s estimated LCR is based on its current interpretation, expectations and understanding of the proposed LCR calculation requirements and is necessarily subject to final regulatory clarity and rulemaking and other implementation guidance.

(3) Preliminary. As of March 31, 2013, Tier 1 Common Ratio under Basel I reflects the final (revised) U.S. market risk capital rules (Basel II.5).(4) Preliminary as of March 31, 2013. Citigroup’s estimated Basel III Tier 1 Common Ratio is a non-GAAP financial measure. For additional information regarding Citigroup’s

estimated Basel III Tier 1 Common Ratio, including the calculation of the ratio, please refer to Slide 36.2

1Q'12 4Q'12 1Q'13 %QoQ %YoY

Revenues $20,217 $18,659 $20,810 12% 3%

Operating Expenses 12,315 12,817 12,398 (3)% 1%

Net Credit Losses(2) 3,955 3,066 2,961 (3)% (25)%Net LLR Build / (Release)(2,3) (1,165) (86) (652) NM 44%PB&C 229 219 231 5% 1%

Cost of Credit 3,019 3,199 2,540 (21)% (16)%

EBT 4,883 2,643 5,872 122% 20%

Income Taxes 1,329 353 1,709 NM 29%Effective Tax Rate 27% 13% 29%

Net Income $3,423 $2,150 $4,006 86% 17%Return on Assets 0.72% 0.45% 0.86%

Diluted EPS $1.11 $0.69 $1.29 87% 16%

Average Assets ($B) $1,912 $1,905 $1,887 (1)% (1)%EOP Assets ($B) 1,944 1,865 1,882 1% (3)%EOP Loans ($B) 648 655 646 (1)% (0)%EOP Deposits ($B) 906 931 934 0% 3%

Citigroup – Summary Financial Results(1)

($MM, except EPS)

3

(1) Adjusted results, which exclude, as applicable, CVA / DVA in all periods, gains / (losses) on minority investments in 1Q’12 and 4Q’12 repositioning charges. Please refer to Slide 38 for a reconciliation of this information to reported results.

(2) 1Q’12 included approximately $370MM of charge-offs related to previously deferred principal balances on modified mortgages, which were substantially offset by a reserve release of $350MM. 4Q’12 included approximately $40MM benefit to charge-offs related to finalizing the impact of OCC guidance issued in 3Q’12 regarding the treatment of mortgage loans where the borrower has gone through Chapter 7 bankruptcy.

(3) Includes provision for unfunded lending commitments. Note: Totals may not sum due to rounding. EBT: Earnings before tax. NM: Not meaningful.

(1.8) (1.4) (0.9) (0.8) (0.6) (0.7) (0.7) (0.3)

(1.5)

(0.6)(0.5) (0.7)

(0.2) (0.3) (0.2)(0.4)

($3.3)

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

($0.8) ($1.0) ($0.9) ($0.1)

($0.7)

(5.0)

(4.0)

(3.0)

(2.0)

(1.0)

0.0

1.0

3.3 3.0 2.6 2.6 2.2 2.2 2.2 2.1 2.0

3.0 2.2

1.9 1.5 1.4 1.3 1.2 1.0 0.9

$6.3$5.1

$4.5 $4.1$3.6 $3.6 $3.3 $3.1 $3.0

0.01.02.03.04.05.06.07.0

1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13

Net Credit Losses and Reserves

(in $B)

Allowance for Loan Losses ($B)(4)

$36.6 $34.4 $32.1 $30.1 $29.0 $27.6 $25.9 $25.5 $23.7

(1) (2)

(2)(1)

(3)

(1) 1Q’12 excludes approximately $370MM of charge-offs related to previously deferred principal balances on modified mortgages, as well as the related reserve release of approximately $350MM.

(2) 3Q’12 excludes approximately $635MM of charge-offs related to OCC guidance regarding the treatment of mortgage loans where the borrower has gone through Chapter 7 bankruptcy, as well as the related reserve release of approximately $600MM.

(3) 4Q’12 excludes an approximately $40MM benefit to charge-offs related to finalizing the impact of the OCC guidance mentioned above.(4) Loan loss reserves include provision for unfunded lending commitments and credit reserve builds / releases. The impact of consumer loan sales are reflected in loan loss

reserve builds / (releases). Allowance for loan losses excludes reserve for unfunded lending commitments.Note: Totals may not sum due to rounding.

Citicorp

Citi Holdings

Citicorp

Citi Holdings

4

Net Credit Losses

Credit Reserve Build / Release(4)

EOP Assets ($B) 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13Brokerage & Asset Mgmt. $26 $22 $9 $9 $9 (65) %

● MSSB JV 25 20 8 8 8 (67)● Retail Alt. Investments 1 1 1 1 1 (16)

Local Consumer Lending $147 $137 $134 $126 $122 (17) %● North America 133 128 123 118 114 (14)● Loans 119 115 109 105 98 (17)

– Mortgages 104 100 95 92 86 (17)– Personal 10 10 10 10 9 (13)– Other 5 5 4 3 3 (34)

● Other Assets 14 13 14 13 16 9● International 14 10 10 8 7 (50)

Special Asset Pool $36 $32 $28 $21 $18 (50) %● Securities at HTM 9 7 7 6 5 (44)● Loans, Leases & LCs 3 3 3 2 2 (39)● Securities at AFS 4 4 3 1 2 (57)● Trading MTM 12 11 11 8 7 (43)● Other 8 7 5 4 3 (60)

Total $209 $191 $171 $156 $149 (29) %

Citi Holdings Basel III RWA $362 $309 $298 $283 $271 (25) %% of Total Citigroup RWA 28% 25% 24% 23% 23%

Citi Holdings Loan Loss Reserves $13 $12 $11 $11 $9 (26) %

% ∆ YoY

Citi Holdings – Asset Summary

(1) The Morgan Stanley Smith Barney joint venture (MSSB JV) assets are comprised of a $4.7B equity investment in MSSB JV and $3B of other MSSB JV financing (preferred stock $2B and loans $1B).

(2) Citigroup’s estimate of risk-weighted assets (RWA) under Basel III is a non-GAAP financial measure. For additional information, including the calculation of Basel III RWA, please refer to Slide 36.

Note: Totals and percentage changes may not sum due to rounding. 5

(1)

(2)

Citi Holdings – N.A. Mortgage Credit Trends

$1.27 $1.09

$0.98 $0.95 $0.94 $0.87 $0.85 $0.76 $0.63

1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13

(1) 1Q’12 excludes approximately $370MM of charge-offs related to previously deferred principal balances on modified mortgages. (2) 3Q’12 excludes approximately $635MM of charge-offs related to OCC guidance regarding the treatment of mortgage loans where the borrower has gone through

Chapter 7 bankruptcy. 4Q’12 excludes approximately $40MM benefit to charge-offs related to finalizing the impact of this OCC guidance.(3) Excludes U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies, because the potential loss predominantly resides with the U.S.

agencies, and loans are recorded at fair value. Note: Totals may not sum due to rounding. Includes residential first mortgages and home equity loans.

6

$120 $116 $111 $108 $104 $100 $95 $92 $86Mortgages (EOP $B)

(1) (2) (2)

180+ DPD

90-179 DPD

30-89 DPD

1Q’13~60% of

NCLs offset

with LLR release

4.1% 3.7% 3.4% 3.4% 3.5% 3.4% 3.4% 3.2% 2.8%

4.3 4.3 4.4 4.2 3.8 3.9 4.0 3.5 2.9

2.5 2.1 2.1 2.3 2.0 1.9 1.6 1.6

1.2

3.2 2.8 2.6 2.7 2.8 2.7 2.6

2.3 1.9

$9.9 $9.2 $9.1 $9.2

$8.5 $8.5 $8.3 $7.5

$6.1

1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13

Net Credit Losses & Rate ($B)

Delinquencies(3) ($B)

1Q’13LLR = $7.5B

222 211 207 201 201

121 116 111 105 98

498 512 522 525 524

307 310 315 321 308

289 273 278 261 270

297 306 295 312 305

210 189 204 139 174

$1,944 $1,916 $1,931$1,865 $1,882

1Q'12 2Q'12 3Q'12 4Q'12 1Q'13

184 186 189 191 195

311 288 272 239 234

906 914 945 931 934

126 126 123 125 128

56 59 49 52 48

136 129 130 116 120

226 215 224 211 222

$1,944 $1,916 $1,931$1,865 $1,882

1Q'12 2Q'12 3Q'12 4Q'12 1Q'13

$1,912 $1,916 $1,909 $1,905 $1,887

Balance Sheet TrendsAssets

EOP Assets(in $B)

Liabilities & Equity

Cash

Investments

Trading

Citicorp Loans, net

of reserves

All Other

Securities Borrowed/

FF Sold

Securities Loaned/

FF Purch.

Trading

Deposits

LTD

Equity

S-T Borrowings

All Other

Citi Holdings Loans, net

of reserves

Average Assets(1)

(in $B)

(1) Average assets shown for the quarterly period.Note: Totals may not sum due to rounding.

7

GCB EMEA

150 150 150 154 148

7 7 8 8 840 40 42 43 4588 87 89 90 89

160 167 172 169 172

68 76 76 76 77$514 $527 $537 $540 $539

134 128 122 116 108

$648 $655 $658 $656 $646

1Q'12 2Q'12 3Q'12 4Q'12 1Q'13

Citigroup Loan Trends(1)

Citi Holdings

GCB AsiaTransaction Services(3)

(EOP Loans in $B)

Securities & Banking(2)GCB North America GCB Latin America

Citi Holdings

Citicorp Corporate

Citicorp ConsumerCiticorp

5%

9%

Citi Holdings(19)%

Citigroup0%

Citicorp

YoY%

Int’l Consumer4%

1%

NA Consumer(2)%

(1) Loans, net of unearned income. Global Consumer Banking numbers include both credit cards and retail banking.(2) Includes corporate and private banking loans. (3) Includes trade finance loans. Note: Totals may not sum due to rounding.

8

EOP Citigroup Deposits ($B)$866 $866 $851 $866 $906 $914 $945 $931 $934

Operating Accounts as % of Average Total Deposits72% 73% 74% 76% 76% 76% 76% 79% 80%

6%

Average Deposits

(in $B)

311 318 316 314 319 318 325 329 331

346 357 358 362 371 387 406 416 403

115 115 112 111 113 121 120 117 11281 78 74 70 66 67 70 67 75$853 $868 $861 $857 $869 $893 $921 $929 $920

1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13

Holdings(2)

YoY%Citigroup

Securities & Banking(1)%

Transaction Services9%

Global Consumer Banking

4%

(1) Excludes deposit insurance and FDIC assessment. (2) Includes Corporate/Other.Note: There is not a standard industry definition for operating accounts; numbers reflect Citigroup’s internal assessments of breakdowns within each business.

Totals may not sum due to rounding.

International Average Cost of Deposits(1)

Total Average Cost of

Deposits(1)

U.S. Average Cost of

Deposits(1)

9

0.85% 0.86% 0.85% 0.80% 0.76% 0.72% 0.70% 0.64% 0.58%

0.48% 0.41%

0.33% 0.29% 0.32% 0.28% 0.32% 0.29% 0.23%

1.06% 1.11% 1.15% 1.12% 1.03% 0.99% 0.94%

0.87% 0.83%

2.88% 2.82% 2.83% 2.90% 2.90% 2.81% 2.86% 2.93% 2.94%

2.50%

3.50%

4.50%

5.50%

6.50%

7.50%

Average Long-Term Debt as a % of Average Interest-Earning Assets21% 21% 19% 19% 19% 16% 15% 14% 13%

Average Total Deposits as a % of Average Interest-Earning Assets50% 50% 50% 51% 52% 53% 55% 56% 56%

Net Interest Revenue & MarginNet Interest Margin

FY’11: 2.86% FY’12: 2.88%

(in $B)

10Note: Totals may not sum due to rounding.

NIM (%) includes the taxable equivalent adjustment (based on the U.S. federal statutory tax rate of 35%).NIR ($) excludes the taxable equivalent adjustment (based on the U.S. federal statutory tax rate of 35%).

$12.1 $12.1 $12.1 $12.1 $11.9 $11.6 $11.9 $12.2 $11.9

-

2.00

4.00

6.00

8.00

10.00

12.00

14.00

16.00

1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13

Net Interest Revenue

(488) (264) (302)

(105) 139 167 168 97

302

691 786 842 881

131 222 235 297 227

305 402 296

225

199 156 151 161

($357)

($42) ($67)

$192 $366

$472 $570

$393 $527

$890 $942 $993 $1,042

(500)

(300)

(100)

100

300

500

700

900

1,100

1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13

All USD Accrual Books Other Major Currencies Accrual Books

Net Interest Revenue Sensitivity to Rates

(1) Other major currencies includes the Mexican peso, Euro, Japanese yen and Pound sterling.Note: Excludes certain trading-oriented businesses that have accrual-accounted positions. Totals may not sum due to rounding.

(in $MM)

Total Interest Rate Exposure / Average Interest-Earning Asset (bps)(2) (0) (0) 1 2 3 3 2 3 5 6 6 6

(1)

11

+100 basis points parallel shock to rates

29 29 29 28 2816 16 11 10 1011 18 17 16 16

43 36 34 25 24

35 17 14

2625 26

27 26

152147

142132 131

205

$311$288

$272

$239 $234~$205

1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 4Q'13E

Long-Term Debt Outstanding

SecuritizationsSenior (Fixed & Floating) TLGPStructured Notes(4)

TruPSFHLB Projected Outstandings(2)Subordinated

(1)

$(77)

~$(29)

(1) Preliminary.(2) Preliminary forecast balance; not actual.(3) Weighted average maturity includes Bank and Non-Bank long-term debt with remaining life greater than 1 year. Excludes trust preferred securities, FHLB and

securitizations.(4) Includes long-term (original maturity greater than one year) fixed/floating rate debt obligations that have been selected for fair value accounting and structured notes.Note: Totals do not include subordinated capital notes, capital lease obligations and employee deferred awards; in total, there was less than $1 billion of these obligations

outstanding for all periods shown. Totals may not sum due to rounding.

(in $B)

Bank $72 $65 $62 $51 $49Non-Bank $239 $223 $210 $188 $185WAM (years)(3) 6.9 7.0 7.0 7.2 7.1

12

(2)

1Q'13Maturities ($6)

Buybacks / Tenders / Redemptions (2) Does not include $3.0B TruPS redemptions on April 16, 2013Issuance 8 ~$7B Benchmark, $1B Structured

Net LTD Reduction $0

( 28) (28) (24)

(38)

(17)

~(10-15)

$83

$15

~$38-43

~$20

-

10

20

30

40

50

60

70

80

90

Net LTD Reduction, ~$(18-23)

Maturities & Issuance of Long-Term Debt

Non-TLGP Maturities

IssuanceMaturities

TLGP Maturities Projected Issuance

FY 2012 FY 2014(2)

(1) Long-term debt issuance data for 1Q’13 of $8.2B for Citigroup Inc. excludes (a) $0.4B of certain structured notes (such as equity-linked and credit-linked notes) with early redemption features effective within one year and (b) $0.6B of non-US affiliate issuance.

(2) 2013 and 2014 maturities data reflects expected maturities.Note: Maturities data (actual for 2012 and expected for 2013 and 2014) is for total Citigroup Inc., excluding (a) securitizations maturities of $25.2B, $2.4B, and $6.6B in 2012,

2013 and 2014; (b) FHLB maturities of $2.7B, $11.8B, and $1.5B, in 2012, 2013, and 2014, respectively; and (c) non-U.S. affiliate maturities of $6.3B, $2.3B, and $4.8B in 2012, 2013 and 2014, respectively. Totals may not sum due to rounding.

IssuanceMaturities

FY 2013(1,2)

Actual Issuance

Buybacks / Tenders / Redemptions

IssuanceMaturities

Net LTD Reduction, ~$(68)

(in $B)

TBD

13

Orderly Liquidation Authority

(1) Federal Reserve Governor Daniel K. Tarullo’s remarks at Brookings Institution Conference entitled “Structuring the Financial Industry to Enhance Economic Growth and Stability”, Washington D.C., December 4, 2012.

(2) Preliminary. Final balances will be reported on Citigroup’s 1Q’13 FR Y-9LP.(3) Preliminary. Remaining debt balances at Citigroup entities other than Citigroup Inc./Parent Company.(4) Preliminary. As of March 31, 2013, Tier 1 Common Ratio under Basel I reflects the final (revised) U.S. market risk capital rules (Basel II.5).(5) Citigroup’s estimated Basel III Tier 1 Common Ratio and Risk-Weighted Assets are non-GAAP financial measures. For additional information, including the calculation of these

measures, please refer to Slide 36.

Title II of the Dodd-Frank Act gives the FDIC Orderly Liquidation Authority (OLA) where long-term debt could be used to recapitalize the operating subsidiary of a financial company.

December 2012 Federal Reserve comments on capital structure requirements(1):

“A minimum long-term debt requirement could lend greater confidence that the combination of equity owners and long-term debt holders would be sufficient to bear all losses at the firm, thereby counteracting the moral hazard associated with taxpayer bailouts while avoiding disorderly failures….

…At present, large U.S. firms have substantial amounts of long-term debt on their balance sheets.”

~ Fed Gov. Tarullo

Considerations for Citi and peers:• Implementation uncertainty remains, including:

o Timeline

o Bail-in debt components

o Minimum requirements

• Regulators have yet to issue proposed rules

14

Bail-In Components($B)

1Q'13ECitigroup Inc. (Parent Company) (2)

A Senior Debt (>1yr remaining maturity) $116B Senior Debt (<1yr remaining maturity) 24C Subordinated Debt 24D Trust Preferreds 10

E Other Debt, Non-Parent Company (3) $61

F Preferred Stock $3G Common Equity 190H Basel I Tier 1 Common(4) 128I Basel III Tier 1 Common(5) 111

J GAAP Assets $1,882K Basel II.5 Risk-Weighted Assets(4) 1,080L Basel III Risk-Weighted Assets(5) 1,195

Illustrative Bail-In Capacity

Parent LTD + Equity (A+C+D+F+G) 18.2%GAAP Assets (J)

Parent LTD + Preferred + Basel I T1C (A+C+D+F+H) 26.0%Basel II.5 Risk-Weighted Assets (K)

Parent LTD + Preferred + Basel III T1C (A+C+D+F+I) 22.1%Basel III Risk-Weighted Assets (L)

2772 87 95 98

65 6321

15 927 20

15 17124

128

229 223 200

198 22346

53

87 110107

9790

$198

$253

$402 $427

$405

$360 $376

2007 2008 2009 2010 2011 2012 1Q'13

Non-Bank 23A Lending Capacity Significant Citibank Entities Other Citibank & Banamex Entities

Liquidity ResourcesHigh Quality Liquid Assets(1)

(2)

(3) (4)

(1) High quality liquid assets includes unencumbered cash at central banks as well as unencumbered highly liquid securities. These totals do not include Citigroup’s borrowing capacity at various Federal Home Loan Banks (FHLB) ($36 billion as of 1Q’13), or the borrowing capacity at foreign central banks and the U.S. Federal Reserve Bank discount window, which is maintained by pledged collateral to all such banks. Amounts for 2012 and 1Q’13 reflect Citigroup’s current interpretation of the definition of high quality liquid assets under the proposed Basel III Liquidity Coverage Ratio. Periods prior to 2012 have not been adjusted due to immateriality.

(2) Preliminary as of March 31, 2013. (3) “Non-Bank” includes the parent holding company (Citigroup Inc.) and the broker-dealer (CGMHI and CGMJ).(4) Qualifying collateral consisting of unencumbered assets and securities sold under repurchase agreements (repos). Some securities currently encumbered by repos are

anticipated to be available as collateral in a stress scenario.Note: Totals may not sum due to rounding.

(EOP $B)

15

~136%~127%

~121%~116% ~116%

1Q'12 2Q'12 3Q'12 4Q'12 1Q'13

Basel III Liquidity Coverage Ratio (LCR)

Stock of High Quality (Unencumbered) Liquid Assets

Net Cash Outflows Over an Acute 30-Day Stressed Period

(1)

Proposed Basel III LCR Minimum Requirement100%

Liquidity in excess of 100% required minimum ($B)$115 $88 $72 $50 $52

(1) Preliminary as of March 31, 2013.Note: Citigroup's estimated Basel III Liquidity Coverage Ratio (LCR) is a non-GAAP financial measure. Citi’s LCR estimates are calculated in accordance with the Basel

Committee on Banking Supervision "Basel III: The Liquidity Coverage Ratio and Liquidity Risk Monitoring Tools“ released on January 7, 2013. Citigroup’s estimated LCR for all periods presented is based on its current interpretation, expectations and understanding of the proposed LCR calculation requirements and is necessarily subject to final regulatory clarity and rulemaking and other implementation guidance.

16

Citi’s Basel III LCR Estimates

17.0% 17.2% 16.9% 17.0% 17.6% 17.7% 17.1%

15.3% 16.1%

13.3% 13.6% 13.5% 13.5% 14.3% 14.5% 13.9%

12.3% 13.1%

11.3% 11.6% 11.7% 11.8% 12.5% 12.7% 12.7% 11.1% 11.8%

7.2% 7.9% 8.6% 8.7% 9.3%

1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13

Basel I Total Capital Basel I Tier 1 Capital Basel I Tier 1 Common Basel III Tier 1 Common

Regulatory Capital Progression

(1,3)

Basel I Tier 1 Common Capital ($B)$112 $115 $115 $115 $122 $124 $124 $123 $128

Basel I Risk-Weighted Assets ($B)$992 $993 $984 $973 $974 $978 $975 $1,111 $1,080

(1) (2)

17

(1) As of 1Q’13, Total Capital, Tier 1 Capital and Tier 1 Common Ratios under Basel I reflect the final (revised) U.S. market risk capital rules (Basel II.5). Basel I Total Capital, Tier 1 Capital, Tier 1 Common Ratios and Risk-Weighted Assets incorporating Basel II.5 are also shown for 4Q’12.

(2) Citigroup’s estimated Basel III Tier 1 Common ratio is a non-GAAP financial measure. For additional information regarding Citi’s estimated Basel III Tier 1 Common ratio, including the calculation of the ratio and a reconciliation of this metric to the most directly comparable GAAP measure, please refer to Slide 36.

(3) Preliminary. Citi Holdings comprised $145B of Basel I Risk-Weighted Assets in 1Q’13, incorporating the new U.S. market risk rules.

(1) (1)

Basel II.5(1)

9.3%

0.8% 1.9%

12.2%

1Q'13 Basel III

9.5%

1.5%

2.0%

13.0%

2019 ProposedBasel III CapitalRequirements

11.8%

1.3%

3.0%

16.1%

1Q'13 Basel I

Capital Structure Components

(1) Tier 2 Capital under Basel I includes subordinated debt and allowance for credit losses includable up to 1.25% of risk-weighted assets.(2) Additional Tier 1 Capital under Basel I includes minority interest.(3) Citigroup’s Basel III Capital estimates are non-GAAP financial measures. Please refer to Slide 36 for additional information.(4) Tier 2 Capital under Basel III includes subordinated debt, trust preferred securities, excess of eligible credit reserves over expected credit losses, minority interest not included in Tier 1

Capital under Basel III, and deductions of insurance subsidiaries’ minimum regulatory capital (50%).(5) Assumes Basel III Tier 1 Common ratio of 9.5%,Tier 1 Capital of 11%, and 13% Total (Tier 1+2) Capital ratio requirements. (6) Includes Citigroup Capital XIII ($2.25B) which is permanently grandfathered under the Dodd-Frank Act and U.S. banking agencies’ proposed Basel III rules.(7) Tier 1 Common, Tier 1 Capital, Total Capital Ratios and Risk-Weighted Assets under Basel I reflect the final (revised) U.S. market risk capital rules (Basel II.5).Note: Totals may not sum due to rounding.

Basel III ProposedCapital Requirements(4,5)

Preferreds

Sub Debt, Allowance

Basel III Capital Estimates(3,4)Basel I Capital

Tier 1 Common

Preferreds (0.3%) & TruPS (0.9%)

Sub Debt (1.7%) Allowance (1.3%)

Preferreds (0.3%)

B1 RWA: $1,080B B3 RWA: $1,195B

Tier 1 Common Capital

Tier 2 Capital

Additional Tier 1 Capital

Tier 1 Common

Sub Debt (1.6%) Allowance (0.3%)

Tier 1 Common

TruPS (0.8%)(6)

2.7%(4)

(1)

18

(7)

(2)

Summary

Improved business performance

High credit quality, well reserved

Efficient balance sheet management

Strong capital and liquidity

• Basel I Tier 1 Common ratio of 11.8%(1)

• Estimated Basel III Tier 1 Common ratio of 9.3%(1)

• Estimated Basel III LCR of ~116%(2), $52B of excess above proposed requirement

• Sized balance sheet to approximately $1.9 trillion• Expect pace of LTD reductions to moderate in 2013

• Growth in revenue and net income• Reduced Holdings drag on earnings• Citicorp deposits and loans grew year-over-year

• Favorable credit trends• Well reserved, 3.7% of loans

(1) Preliminary as of March 31, 2013.(2) Preliminary as of March 31, 2013. Please refer to Slide 16.

19

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. These statements are not guarantees of future results or occurrences. Actual results and capital and other financial conditions 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 2012 Form 10-K. Any forward-looking statements made by or on behalf of Citigroup speak only as to the date they are made, and Citi does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.

Appendix

20

21. Assets22. Assets – Citicorp vs. Citi Holdings23. Liabilities & Equity24. Citicorp Deposits Growth25. Liability Management & Issuance26. Trust Preferreds Outstanding27. Liquidity & Funding Strategy28. Funding Profile29. Liquidity Pool Management30. Value at Risk

31. Consumer Portfolio Trends32. Citigroup Corporate Portfolio33. Country Credit Risk Exposure Summary34. 1Q’13 Returns Analysis35. Ratings36. Basel III Capital Reconciliation37. Tangible Common Equity Reconciliation38. Adjusted Results Reconciliation

Table of Contents

162 165 171 149 147 142 142 146 14338 38 35 35 35 34 34 33 33

601 613 605 617 619 627 633 630 623

323 322 321 292 307 310 315 321 308

41 41 38 28 39 35 31 22 25

261 284 291 276 289 273 278 261 270

327 310 287293 297 306 295 312 305

191 184 188 184 210 189 204 139 174

$1,948 $1,957 $1,936$1,874

$1,944 $1,916 $1,931$1,865 $1,882

1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13

Assets

(1) Preliminary as of March 31, 2013.(2) Includes mortgage servicing rights (MSRs).Note: Totals may not sum due to rounding.

(1)

Other AssetsLoans, Net

Goodwill & Intangible Assets(2)

InvestmentsFed Funds Sold & Secured Lending

Trading Account AssetsBrokerage Receivables

Cash and Deposits with Banks

(in $B)

21

175 174 181 178 176 46 38 25 24 25

498 512 522 525 524

121 116 111 105 98

297 300 306 313 302

287 270 275 260 269

271 283 275 295 288

208 187 202 137 173

$1,735 $1,725 $1,760 $1,709 $1,733

$209 $191 $171 $156 $149

1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13

Estimated Basel III RWA($B)(5)

$362 $309 $298 $283 $271

Assets(1) – Citicorp vs. Citi Holdings

Fed funds sold & securities borrowed

Cash and Deposits w/ BanksInvestments

Trading Account AssetsLoans, net of reservesCiticorp(2)

Citi Holdings

(3) (3)

(29)%

Other assets(4)

Estimated Basel III RWA($B)(5)

$909 $941 $939 $924 $924

(1) Quarterly segment balance sheet data is disclosed in Citigroup’s Forms 10-Q and 10-K filed with the U.S. Securities and Exchange Commission. (2) Citicorp includes the Corporate/Other segment.(3) Preliminary as of March 31, 2013.(4) Includes brokerage receivables, goodwill, intangibles, mortgage servicing rights (MSRs) and assets related to discontinued operations held for sale.(5) Citigroup’s estimate of risk-weighted assets (RWA) under Basel III is a non-GAAP financial measure. For additional information, please refer to Slide 36.Note: Totals may not sum due to rounding.

(in $B)

22

173 179 179 180 184 186 189 191 195119 130 133 126 126 126 123 125 128

79 73 66 54 56 59 49 52 48

146 152 149 126 136 129 130 116 120

188 204 224198 226 215 224 211 222

377 352 334 324 311 288 272 239 234

866 866 851866 906 914 945 931 934

$1,948 $1,957 $1,936$1,874

$1,944 $1,916 $1,931$1,865 $1,882

1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13

Liabilities & Equity

Deposits

Fed Funds Purchased & Secured FinancingTrading Account LiabilitiesLong-Term Debt

Short-Term Borrowings Other Liabilities(2)

Total Equity

(1) Preliminary as of March 31, 2013.(2) Other liabilities also includes brokerage payables and liabilities related to discontinued operations held for sale. Note: Totals may not sum due to rounding.

(1)

(in $B)

23

145 127 122 125 142 140 131 113 112

326 346 345 359 375 381 413 410 411

$471 $473 $467 $484 $516 $521 $545 $523 $523

1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13

Time Deposits Operating Balances

90 87 80 78 78 77 76 70 67

226 231 232 237 245 247 254 267 269

$317 $318 $312 $315 $323 $324 $330 $337 $336

1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13

Time Deposits Operating Balances

Citicorp Deposits GrowthGlobal Consumer Banking

Transaction Services and Securities & Banking

Operating Balances as % of Deposits Total by Business69% 73% 74% 74% 73% 73% 76% 78% 79%

Operating Balances as % of Deposits Total by Business71% 73% 74% 75% 76% 76% 77% 79% 80%

(1)

(1)

(1) Preliminary as of March 31, 2013. Note: There is no standard industry definition for operating accounts; numbers reflect Citigroup’s internal assessments of breakdowns within each business. Citi Holdings and

Corporate/Other deposits for each period shown are excluded from this chart. Totals may not sum due to rounding.

(in $B)

24

Liability Management & IssuanceLiability Management Activity(1)

Issuance Volumes(2)

5.2

1.1 2.30.5

7.2

1.8

1.9 0.51.8

1.0$7.0

$3.0 $2.8 $2.3

$8.2

1Q'12 2Q'12 3Q'12 4Q'12 1Q'13Benchmark Structured

2.8 1.73.6 3.1

1.3

5.4

0.5

0.8

$2.8$1.7

$9.0

$3.5$2.1

1Q'12 2Q'12 3Q'12 4Q'12 1Q'13Tenders/ Buybacks Trust Preferred Redemptions

(in $B)

(3)

(1) Excludes securitizations. Includes benchmark, fixed and floating rate notes and structured note buybacks (excluding credit-linked notes).(2) Includes benchmark and structured issuance for Citigroup Inc. Excludes securitizations, FHLB and non-U.S. affiliate (local country).(3) 1Q’13 trust preferred redemptions include $800MM of Citigroup Capital XXXIII previously held by the U.S. Treasury (see footnote below) and excludes $3.0B of trust

preferred redemptions announced in 1Q’13 and redeemed on April 16, 2013.(4) Includes the public issuance of $894MM of subordinated debt following the exchange of trust preferred securities previously held by the U.S. Treasury.

(4)

25

$0.2

$2.2

6.829%

8.000%

- 5.000

Citi CapXVIII

Citi CapXXXIII

$2.27.875%

- 5.000

Citi CapXIII

$0.6

$0.3

$1.1

$0.9

$0.6

$0.4

$2.3

$2.3

6.500%

6.875%

6.950%

7.125%

7.250%

7.875%

8.300%

8.500%

0.00 5.00

Citi CapXV

Citi CapXIV

Citi CapVIII

Citi CapVII

Citi CapXIX

Citi CapXX

Citi CapXXI

Citi CapXII

Trust Preferreds Outstanding

Currently Callable Callable in the Future

Coupon

Notional amount

Redeemed

(1)

(1)

(2)

(3)

(1) Redeemed on July 18, 2012. (2) Redeemed on December 17, 2012.(3) Redeemed on August 15, 2012.(4) Redeemed April 16, 2013.(5) Citigroup Capital XIII ($2.2B) is permanently grandfathered under the Dodd-Frank Act and U.S. banking agencies’ proposed Basel III rules.Note: Excluded from this slide are: (i) Citigroup Capital III ($0.2B) which is not redeemable and matures in 2036, and (ii) 4 Adam Trusts ($0.1B combined) that are all currently

callable and have floating coupons. Totals may not sum due to rounding.

(4)

(4)

(4)

(4)

Redeemed April 16, 2013

Grandfathered(5)

6/28/2017

7/30/2014

$0.47

$0.87

$0.38

$0.70

$0.95

6.000%

6.000%

6.100%

6.350%

6.450%

0.00 5.00

Citi CapXI

Citi CapIX

Citi Cap X

Citi CapXVII

Citi CapXVI

26

Trust Preferred Notionals & Call Features ($B):

Liquidity & Funding Strategy

Maintain ample cash and readilymarketable, highly liquid

securities on hand to meet short-term funding obligations

Maintain ample cash and readilymarketable, highly liquid

securities on hand to meet short-term funding obligations

Largely use cost-effective deposits to fund both liquid assets and loans

Supplement the funding of bank entities with long-term

secured debt and equity

Use modest amount of short-term funding for highly liquid

assets

Continue to primarily fund non-bank businesses with long-term

unsecured debt and equity

Bank Non-Bank

Liquidity Buffer

Funding Components

27

866 906 934

111 72 49 87 91 112 38 38 39 36 42 38 41 37 28

$1,180 $1,186 $1,201

-

200

400

600

800

1,000

1,200

1Q'11 1Q'12 1Q'13

265 239 185

32 36 16

109 98

81

152 184

184

37 19

21

$595 $575

$486

-

200

400

600

800

1,000

1Q'11 1Q'12 1Q'13

$173 $184 $195

1Q'11 1Q'12 1Q'13

Funding Profile

Equity

Bank(1,3)

Deposits

Secured FinancingTrading Account Liabilities

S-T BorrowingsL-T Debt

Other Liabilities(5)

Total Liabilities & Equity

Non-Bank(2,3) Equity(3,4)

(1) “Bank” units include Citibank, N.A. and Banamex. (2) “Non-Bank” includes the parent holding company (Citigroup Inc.) and the balances of CGMHI (the broker-dealer), and all other remaining non-bank balances. (3) 1Q’13 data is preliminary. (4) Equity includes preferred stock of $0.3B in 1Q’11 and 1Q’12, and $3.1B in 1Q’13. (5) Includes Brokerage Payables for all periods shown and intercompany eliminations.Note: Totals may not sum due to rounding.

(in $B)

28

12 10

122 121

63 62

93 80

70 103

$360 $376

0

50

100

150

200

250

300

350

400

450

4Q'12 1Q'13

Liquidity Pool ManagementComposition of High Quality Liquid Assets

Foreign Government(2)

(1)3%

34%

43%U.S. Treasuries/ Agencies

19%Cash

Citi’s liquidity pool is managed centrally to ensure that Citi’s asset / liability profile and liquidity positions are appropriate

Citi has a conservative investment posture with ~19% of its liquidity pool invested in cash, and ~43% in U.S. government securities; remaining foreign government securities are held in local countries and funded with local deposits

Cash on Deposit with Central Banks

Investment Grade Corporate/ ABS / Municipal Securities

U.S. Agency / Government GuaranteedU.S. Treasuries

(1) Preliminary as of March 31, 2013. See also Slide 15, note 1. (2) Foreign government securities include foreign government agencies, multinationals and foreign government guaranteed securities.Note: Totals may not sum due to rounding.

(in $B)

29

$292$266

$205 $189$148

$110

2008 2009 2010 2011 2012 1Q'13

Value at Risk

(1) For additional information regarding Citigroup’s Value at Risk (VAR), see “Market Risk” in Citigroup’s 2012 Annual Report of Form 10-K.(2) Preliminary.

99% 1 Day Average Value at Risk(1)

(2)

(in $MM)

30

Consumer Portfolio TrendsCiticorp Global Consumer Bank – Net Credit Losses (%)

Citicorp Global Consumer Bank – 90+ Days Past Due (%)

(1) Loan loss reserves divided by 90+Day delinquencies.Note: NCL rates shown are percentages of average loans. 90+DPD rates shown as percentages of EOP loans. Totals may not sum due to rounding.

3.40%4.62%

1.47%0.94%

2.78%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13

North America Latam EMEA Asia Global Consumer Bank

1.14%1.61%1.10%

0.52%1.02%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13

North America Latam EMEA Asia Global Consumer Bank

1Q'13 EOP Loans ($B)Latam $45EMEA 8

NA 148Asia 89

Global $290

31

Highly diversified consumer portfolioExcluding the

U.S., no country is greater than 11% of total Citicorp consumer loansTotal LLR = $11.7BNCL Coverage =

~18 monthsDelinquency

Coverage(1) = 4.0x

Citigroup Corporate PortfolioCorporate Non-Accrual Loans(1) as % of Corporate Loans

(1) Non-accrual loans as defined in Citigroup’s 2012 Annual Report of Form 10-K. Corporate and Consumer (commercial market) non-accrual status is based on the determination that payment of interest or principal is doubtful.

(2) Preliminary. Excludes Private Bank loans managed on a delinquency basis and loans at fair value. As part of its risk management process, Citi assigns numeric risk ratings to its Corporate loan facilities based on quantitative and qualitative assessments of the obligor and facility.

Note: Loans shown as a percentage of total corporate loans.

Highly diversified corporate portfolio 71% investment grade(2)

Excluding the U.S. and U.K., no country is greater than 6% of total Citigroup corporate loans

LLR / Non-Accrual Loans = 1.1x

1.03%

0.32%

1.91%

0.50%1.00%

0%

2%

4%

6%

8%

10%

12%

14%

1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13

North America Latam EMEA Asia Total Corporate Non-Accrual Loans

1Q'13 EOP Loans ($B)EMEA $56

NA 98Asia 61

Latam 36Total $251

32

Country Credit Risk Exposure Summary4Q'12

Greece Ireland Italy Portugal Spain GIIPS(1) GIIPSGross Funded Credit Exposure(2) $1.5 $0.7 $11.2 $0.5 $6.3 $20.2 $21.6Less: Margin and Collateral(3) (0.2) (0.2) (1.3) (0.1) (3.3) (5.1) (5.5)Less: Purchased Credit Protection(4) (0.3) (0.0) (7.3) (0.2) (1.8) (9.6) (10.1)Net Current Funded Credit Exposure $1.0 $0.5 $2.7 $0.2 $1.2 $5.5 $6.0Net Trading and AFS Exposure 0.0 (0.0) 0.8 0.1 0.7 1.7 2.9

Net Current Funded Exposure $1.1 $0.5 $3.5 $0.3 $1.9 $7.2 $8.9Additional Collateral Received Not Netted $0.9 $0.2 $0.1 $0.0 $0.4 $1.5 $2.1Net Current Funded Credit Exposure Detail:

Sovereigns $0.1 $0.0 $1.1 $0.0 ($0.2) $1.0 $1.1Financial Institutions 0.0 0.0 0.2 0.0 0.4 0.6 0.8Corporations 0.8 0.4 1.4 0.1 1.1 3.9 4.1

Net Current Funded Credit Exposure $1.0 $0.5 $2.7 $0.2 $1.2 $5.5 $6.0

Net Unfunded Commitments Greece Ireland Italy Portugal Spain GIIPS(2) GIIPSSovereigns $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0Financial Institutions 0.0 0.0 0.1 0.0 0.2 0.3 0.4Corporations, Net of Hedges 0.7 0.4 2.9 0.2 2.3 6.5 6.9Net Unfunded Commitments(5) $0.7 $0.4 $3.0 $0.2 $2.5 $6.8 $7.3

1Q'13

(1) Greece, Ireland, Italy, Portugal, and Spain.(2) Includes the net credit exposure arising from secured financing transactions, such as repos and reverse repos. (3) For derivatives and loans, includes margin and collateral posted under legally enforceable margin agreements. Does not include collateral received on secured financing

transactions.(4) Credit protection purchased primarily from investment grade, global financial institutions predominately outside of GIIPS. Credit protection may not fully cover all situations

that may adversely affect the value of Citi’s exposure and thus Citi could still experience losses despite the existence of the credit protection.(5) Unfunded commitments net of approximately $972MM of purchased credit protection as of March 31, 2013.Note: Totals may not sum due to rounding. Information based on Citi’s internal risk management measures. The exposures in the table above do not include retail, small

business, and Citi Private Bank exposure in the GIIPS (the vast majority of which is in Citi Holdings).

($B)

33

1Q’13 Returns Analysis

(1) Adjusted results, excluding CVA / DVA are non-GAAP financial measures. Please refer to Slide 38 for a reconciliation of this information to reported results. (2) Tangible common equity is a non-GAAP financial measure. For a reconciliation of this metric to the most directly comparable GAAP measure, please refer to Slide 37.(3) Citigroup’s estimated Basel III Tier 1 Common ratio is a non-GAAP financial measure and is allocated between the various businesses based on estimated average

1Q’13 Basel III risk-weighted assets. For additional information, including the calculation of the ratio, please refer to Slide 36. (4) ICG: Institutional Clients Group includes Securities & Banking and Transaction Services. Note: Totals may not sum due to rounding.

Return on Basel III Capital @ 9.5%(3) 1Q’13

GCB 29.1%

ICG 24.1%

Citicorp 22.2%

Citigroup 14.2%

Average Basel III RWA 1Q’13

GCB $286

S&B 533

CTS 46

Corporate / Other 59

Citicorp $923

Citigroup $1,200

Net Income(1) 1Q’13

Global Consumer Banking (GCB) $1.9

Securities & Banking (S&B) 2.5

Transaction Services (CTS) 0.8

Corporate / Other (0.4)

Citicorp $4.8

Citigroup $4.0

Average Tangible Common Equity(2) 1Q’13

Total $157

Less: TCE Supporting DTA (42)

TCE Supporting Businesses $115

ROTCE Supporting Businesses 14.1%

Total ICG(4): $579B

($B)

34

Ratings Summary Rating Outlook Rating Outlook Rating OutlookCitigroup Inc.

Senior Debt A Stable A- Negative Baa2 Negative

Commercial Paper F1 A-2 P-2 Negative

Citibank, N.A.Long-Term Obligations A Stable A Negative A3 Stable

Short-Term Obligations F1 A-1 P-2 Stable

Moody'sS&PFitch

Ratings

– Fitch: On October 16, 2012, Fitch noted the change in Citi’s senior management as an unexpected, but credit-neutral, event that will likely have no material impact on the bank's credit profile or ratings in the near term. On October 10, 2012, Fitch affirmed the long- and short-term ratings of ‘A/F1' and the Viability Rating of ‘a-’ for Citigroup Inc. and Citibank, N.A.. The Rating Outlook is Stable. This rating action was taken in conjunction with Fitch’s periodic review on the 13 Global Trading and Universal Banks(GTUBs). Fitch noted that the positive rating drivers for Citi included improved liquidity, funding, capitalization and more streamlined businesses, all partly driven by regulation.

– Standard & Poor’s: On December 5, 2012, S&P concluded their annual review of Citi with no changes to the ratings and outlooks on Citigroup and its subsidiaries. On October 16, 2012, S&P noted that Citi’s ratings remain unchanged despite senior management changes. On November 29, 2011, following a review of Citigroup Inc. under S&P’s revised bank criteria (published Nov. 9, 2011), the issuer credit rating was lowered on Citigroup to ‘A-/A-2’ from ‘A/A-1’, and Citibank, N.A. to ‘A/A-1’ from ‘A+/A-1’. Per S&P, the ratings reflected Citi’s strong business position, adequate capital and earnings, moderate risk position, average funding and adequate liquidity. S&P rates Citigroup Global Markets Inc. and Citigroup Global Markets Limited at ‘A/A-1’.

– Moody’s: On February 12, 2013, Moody’s changed the rating outlook on Citibank, N.A. to stable from negative, while affirming the bank’s deposit rating of A3 and unsupported rating of baa3, and maintained the negative outlook on Citigroup Inc.’s Baa2 senior debt rating because it benefits from systemic support. Moody’s maintained the holding company negative outlook because itviews government support for U.S. bank holding company creditors as less certain given the FDIC’s efforts to make the "Single Entry Receivership" approach operational in the event of a systemic bank failure. On March 27, 2013, Moody’s stated it expects to update its bank holding company support assumptions by year-end 2013.

** CGML/CGMI long- and short-term ratings: A / A-1

***

* CGML long- and short-term ratings: A / F1

35

Non-GAAP Financial Measures – Reconciliations(1)

36

(1) Certain reclassifications have been made to prior periods presentation to conform to the current period.(2) Preliminary.(3) Includes goodwill embedded in the valuation of significant common stock investments in unconsolidated financial institutions.(4) Other DTAs reflect those DTAs arising from temporary differences.(5) Calculated based on the U.S. regulators proposed rules relating to Basel III (NPR). Citigroup's estimated Basel III Tier 1 Common Capital and Tier 1 Common Capital

Ratio are based on its current interpretation, expectations, and understanding of the proposed Basel III requirements, anticipated compliance with all necessaryenhancements to model calibration and other refinements, as well as further regulatory clarity and implementation guidance in the U.S.

(6) The estimated Basel III risk-weighted assets have been calculated based on the proposed "advanced approaches" for determining risk-weighted assets under the NPR, as well as the final U.S. market risk capital rules (Basel II.5).

(In millions of dollars) 3/31/2012 6/30/2012 9/30/2012 12/31/2012 3/31/2013(2)

Citigroup's Common Stockholders' Equity $181,508 $183,599 $186,465 $186,487 $190,222

Add: Qualifying Minority Interests 163 150 161 171 164Regulatory Capital Adjustments

Less:Accumulated net unrealized losses on cash flow hedges, net of tax (2,600) (2,689) (2,503) (2,293) (2,168)Cumulative change in fair value of financial liabilities attributable to the change in own creditworthiness, net of tax

1,409 1,649 998 587 361

Intangible Assets

Goodwill, net of related deferred tax liabilities(3) 29,181 27,592 25,732 25,488 25,263

Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related deferred tax liabilities

6,329 6,072 5,899 5,632 5,372

Defined benefit pension plan net assets 873 910 752 732 498

Deferred tax assets (DTAs) arising from net operating losses and foreign tax credit carry forwards and excess over 10% / 15% limitations for other DTAs, certain common equity investments, and MSRs(4)

54,933 51,351 48,849 51,116 49,805

Total Basel III Tier 1 Common Capital(5) $91,546 $98,864 $106,899 $105,396 $111,255

Basel III Risk-Weighted Assets (RWA)(6) $1,271,701 $1,250,233 $1,236,619 $1,206,153 $1,194,660

Basel III Tier 1 Common Capital Ratio(5) 7.2% 7.9% 8.6% 8.7% 9.3%

Non-GAAP Financial Measures – Reconciliations

($ millions, except per share amounts) 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13

Citigroup's Total Stockholders' Equity $171,037 $176,364 $177,372 $177,806 $181,820 $183,911 $186,777 $189,049 $193,359

Less: Preferred Stock 312 312 312 312 312 312 312 2,562 3,137Common Stockholders' Equity $170,725 $176,052 $177,060 $177,494 $181,508 $183,599 $186,465 $186,487 $190,222

Less:

Goodwill 26,339 26,621 25,496 25,413 25,810 25,483 25,915 25,673 25,474Intangible Assets (other than Mortgage Servicing Rights) 7,280 7,136 6,800 6,600 6,413 6,156 5,963 5,697 5,457Goodwill & Intangible Assets -- Recorded as Assets Held for Sale / Assets of Discont. Operations Held for Sale 165 - - - - - 37 32 2Net Deferred Tax Assets Related to Goodwill & Intangible Assets 53 50 47 44 41 38 35 32 -

Tangible Common Equity (TCE) $136,888 $142,245 $144,717 $145,437 $149,244 $151,922 $154,515 $155,053 $159,289

Common Shares Outstanding at Quarter-end 2,921 2,918 2,924 2,924 2,932 2,933 2,933 3,029 3,043

Tangible Book Value per Share $46.87 $48.75 $49.50 $49.74 $50.90 $51.81 $52.69 $51.19 $52.35

37

Non-GAAP Financial Measures – Reconciliations($MM)

38

Citi Holdings 1Q'13 4Q'12 1Q'12Reported Revenues (GAAP) $901 $1,067 $882Impact of:

CVA/DVA (9) 25 88 Adjusted Revenues $910 $1,042 $794

Reported Expenses (GAAP) $1,502 $1,604 $1,217Impact of:

4Q Repositioning - (77) - Adjusted Expenses $1,502 $1,527 $1,217

Reported Net Income (GAAP) $(794) $(1,049) $(1,019)Impact of:

CVA / DVA (6) 15 55 4Q Repositioning - (49) -

Adjusted Net Income $(788) $(1,015) $(1,074)

(1) Akbank refers to the impairment charge and minority stake sale taken by Citi related to its minority investment in Akbank T.A.S.; HDFC refers to the sale of Citi’s remaining minority interest in the Housing Development Finance Corporation; SPDB refers to Citi’s sale of its minority interest in Shanghai Pudong Development Bank.

(2) Citicorp includes Corporate / Other segment. All gains / (losses) on minority investments recorded in Corporate / Other, as well as repositioning charges of $253MM ($156MM after-tax) in 4Q’12.

Citicorp(2) 1Q'13 4Q'12 1Q'12Reported Revenues (GAAP) $19,590 $17,107 $18,524Impact of:

CVA/DVA (310) (510) (1,376) Akbank - - (1,181) HDFC - - 1,116 SPDB - - 542

Adjusted Revenues $19,900 $17,617 $19,423

Reported Expenses (GAAP) $10,896 $12,241 $11,102Impact of:

HDFC - - 4 4Q Repositioning - (951) -

Adjusted Expenses $10,896 $11,290 $11,098

Efficiency Ratio 55% 64% 57%

Reported Net Income (GAAP) $4,602 $2,245 $3,950Impact of:

CVA/DVA (192) (316) (854) Akbank - - (763) HDFC - - 722 SPDB - - 349 4Q Repositioning - (604) -

Adjusted Net Income $4,794 $3,165 $4,496

Citigroup 1Q'13 4Q'12 1Q'12Reported Revenues (GAAP) $20,491 $18,174 $19,406Impact of:

CVA/DVA (319) (485) (1,288) Akbank(1) - - (1,181) HDFC(1) - - 1,116 SPDB(1) - - 542

Adjusted Revenues $20,810 $18,659 $20,217

Reported Expenses (GAAP) $12,398 $13,845 $12,319Impact of:

HDFC - - 4 4Q Repositioning - (1,028) -

Adjusted Expenses $12,398 $12,817 $12,315

Reported Net Income (GAAP) $3,808 $1,196 $2,931Impact of:

CVA / DVA (198) (301) (800) Akbank - - (763) HDFC - - 722 SPDB - - 349 4Q Repositioning - (653) -

Adjusted Net Income $4,006 $2,150 $3,423

Average Assets ($B) $1,887 $1,905 $1,912Adjusted ROA 0.86% 0.45% 0.72%

Average TCE $157,171 $154,784 $147,341Adjusted ROTCE 10.3% 5.5% 9.3%