Citigroup Financial Education Program   Highlights April 2006   United States   Financial Education Program Celebrates Second Anniversary- April Citigroup and the Citigroup Foundation are pleased to celebrate the second anniversary of the unprecedented 10-year $200 million global commitment to Financial Education. To date, Citigroup and the Citigroup Foundation have invested nearly $53 million of this commitment in Financial Education programs in 68 countries, which puts us well ahead of schedule. Citigroup Foundation sponsored programs have touched the lives of over 1 million people while Citigroup business programs have reached nearly 4 million. Additionally, Citigroup's volunteerism initiative has led to more than 8,500 Citigroup employees volunteering to help promote financial education. Ajay Banga and Former President Bill Clinton Announced a $5.5 Million Commitment for Global Microentrepreneurship Awards and Financial Education for the Poor. On Friday, March 31, at the mid-year meeting of the Clinton Global Initiative, Ajay Banga, Chairman and CEO, Global Consumer Group International, Citigroup delivered to former President Bill Clinton a $5.5 million commitment from the Citigroup Foundation for Global Micro Finance Programs. The announcement was the first commitment to the 2006 Clinton Global Initiative (CGI) and demonstrates Citigroup's ongoing dedication to promote social responsibility worldwide. Citigroup Microentrepreneurship Awards- the Citigroup Foundation committed $1.325 million to raise awareness of the significance of microfinance as a poverty alleviation tool by recognizing the achievements of outstanding microentrepreneurs in 24 countries. Financial Education for the Poor- the Citigroup Foundation committed $3.9 million to teach millions of people around the world about important financial concepts that will help them make more informed financial decisions and improve their standard of living. Over the next three years, Microfinance Opportunities and Freedom from Hunger will roll out their Financial Education for the Poor curriculum to master trainers at more than 60 microfinance institutions (MFIs) who will in turn train MFI staff to teach at least two million illiterate and semi-literate people around the world. National Teach Children to Save Day (NTCSD) On Tuesday, April 25, Citigroup teamed up with the American Bankers Association Education Foundation (ABAEF), for the sixth year in a row, to participate in National Teach Children to Save Day. Citi participated with events in Washington DC, California, Connecticut, Maryland, North Carolina and Texas. On NTCSD, bankers from across the country make financial education presentations to students in kindergarten through 12th grade. Presentations include games and activities about saving, how interest makes money grow, budget and prioritizing needs and wants. Hundreds of Citi volunteers taught students in classrooms across the country. Citigroup has been involved with National Teach Children to Save Day since 2000. NTCSD Events included:   Washington DC: Alyson Klug, President, Citibank Mid Atlantic Region and Emil W. Henry, Assistant Secretary of the Treasury for Financial Institutions taught fifth grade students at Key Elementary School.   San Francisco: Cali Garcia-Velez, President, Citibank West, taught students at the Dolores Huerta Academy, in Spanish. Citibank, which has supported the Dolores Huerta Academy and its programs for a number of years, also presented the Academy with a $10,000 donation for the Academy's Focused Learning and Instructional Program, also known as "FLIP." This after-school program will help 150 students, from kindergarten through eighth grade; to increase their level of competency when taking all state mandated tests.   Stamford, Connecticut: Denise Durham-Williams, Citibank Community Relations Director, taught financial education and saving practices to 8th grade students from Trailblazers Academy.   Baltimore, Maryland: Mary Louise Preis, Director of Community Relations for CitiFinancial and thirty (30) CitiFinancial employee volunteers taught four modules to 4th graders at seven local elementary schools - Hazelwood, Northwood, Elmer A. Henderson, James McHenry, Mary E. Rodman, Bentalou and Barclay (all part of the Baltimore City Public Schools).   Raleigh, NC: Citigroup and CitiFinancial sponsored part of the Southeast Regional Financial Education Center Financial Literacy for Youth Month with a full-day event for the freshman class on the campus of Saint Augustine's College. The event featured workshops on: It Just Makes Cents: Budgeting Basics; The World of Banking; The Credit Trap: Using Credit Wisely; and What's Your Whip: Helpful Tips on Vehicle Financing.   San Antonio, Texas: Bill Brown, Executive Vice President, Citibank Texas Retail Banking and Susan Cole, Director, American Bankers Association Education Foundation taught interactive financial education lessons to Five Palms Elementary 4th & 5th graders.   Financial Literacy Day on the Hill On Tuesday, April 25th in Washington, DC, Citigroup participated in a Financial Literacy Day Fair sponsored by The Jump$tart Coalition for Personal Financial Literacy, Junior Achievement, and the National Council on Economic Education (NCEE). Speakers included Congressman Rubén Hinojosa, Congresswoman Judy Biggert, cofounders and co-chairs of the Financial and Economic Literacy Caucus, Senator Daniel Akaka, and Deputy Assistant Secretary for Financial Education, Dan Iannicola. The event was followed by a video and educational fair where Citigroup joined federal agencies who are part of the Financial Literacy and Education Commission such as the Federal Reserve Board and the IRS as well as other banks and non-profit agencies in providing brochures and information on personal finance. Do Something Financial Education Challenge On April1, The Citigroup Foundation and Do Something, a provider of youth-led leadership initiatives, launched the 3rd Annual Financial Education Challenge. The Challenge blends elements of the Citigroup Financial Education Curriculum with the Do Something Curriculum to create 2 sets of easy to understand and easy to implement curricula for educators that are tailored to the needs of specific grade levels: 6-8 and 9-12. The Challenge is supported by a $167,000 grant from the Citigroup Foundation. Topics include: Income Savings, Personal Expense, Taxes and Deduction, Credit and Giving Back to the Community. Students and Teachers can access a free Online Financial Literacy Game, via www.dosomething.org Each Student who registers for the Financial Literacy Challenge will receive $1,000 in an imaginary online account, allowing students to make choices and decisions based on situations that arise each day throughout the challenge. California Financial Literacy Summit On Wednesday, April 26, Over 550 representatives from business, financial professionals, government, education, and the media convened for this event in Sacramento, CA. Participants assessed the state of financial literacy in California, created a vision of a more financially literate state, and provided solutions to fight financial illiteracy. Citigroup was a major sponsor of the event, and Dara Duguay, Director of the Office of Financial Education, was the closing speaker. Other speakers included, John Bryant, Founder, Operation HOPE, Loretta Doon, CPA and Chief Operating Officer, CalCPA, Bob Duvall, President, National Council on Economic Education, Laura Levine, Executive Director, Jump$tart Coalition, and Jack O'Connell, State Superintendent of Schools. The Citigroup Foundation Awarded $250,000 to Mercy Housing to launch Making Dreams Happen, Financial Education Programs in Colorado, California and Illinois. In April, The Citigroup Foundation and Mercy Housing launched "Making Dreams Happen," a program to provide financial education to residents of affordable housing properties. Multiple events were held in Denver, San Leandro, and Chicago. With support from Citigroup and the Citigroup Foundation, Mercy Housing will combine modules from Citigroup's Financial Education curriculum, to provide information on banking, saving, and credit to help adult residents reach their desired financial goals. Mercy Housing will administer the program. The Citigroup Foundation and One Economy announced, Saving and Investing, a new Bilingual Financial Literacy Tool. On Wednesday, April 25, in Sacramento, California, in recognition of Financial Literacy Month, Citigroup, the Citigroup Foundation and national nonprofit One Economy Corporation announced Saving and Investing, an industry-leading online financial literacy tool that teaches consumers about important financial matters, including homeownership, saving for college, and investing for retirement. The educational material, offered in both English and Spanish, is the first of its kind to target an online bilingual population. This interactive content can be found on the Money section of the Beehive (www.thebeehive.org), One Economy's national bilingual consumer portal for low- to moderate-income users. Saving and Investing contains dynamic tools, tips and information in English and Spanish to help bilingual users take action to build wealth and assets. U.S. Financial Education Training   To date, more than 3,900 employees and non-profit partner staff have undergone training to teach financial education using the Citigroup Financial Education Curriculum.   Over 2,600 people have participated in the online training since the April 2005 launch of the site.   EMEA   Ireland: Citigroup Supports TeachNet, Empowers Classroom Teachers for "Knowledge Economy" On Tuesday, April 26th in Dublin, Ireland, Daria Sheehan, Citigroup Foundation, participated in the 2005 annual TeachNet Awards Ceremony, hosted by Citigroup. The Minister for Education and Science, Mary Hanafin TD, presented awards to 44 teachers and commented on the effective public-private model demonstrated in TeachNet. The TeachNet Ireland project provides professional development and support to teachers in Irish primary and post-primary schools to enable them to develop and publish online curriculum resources to the wider teaching community. To date the project has published over 200 digital teaching and learning resources "by teachers for teachers" and these are available free of charge through the www.teachnet.ie website. By working with teachers, TeachNet is ensuring students benefit from using technology throughout their school lives. Junior Achievement Banks in Action- Ireland, Poland and South Africa During the month of April, Citigroup employees in Ireland, Poland and South Africa participated in the Junior Achievement Banks in Action global pilot program. The new Banks in Action curriculum is an upgraded version of the existing program and is made possible by a $2.7 million grant from the Citigroup Foundation in 2005. Classes began in April in all EMEA pilot countries.   Ireland: Three volunteers taught at three schools in Dublin. Poland: Five volunteers taught a total of 124 students in Gdansk, Koszalin, and Chorzow. South Africa: Twelve volunteers in Johannesburg began teaching the program that will run through June. Latin America   Dominican Republic: Citigroup Delivers Grant for Education Program On Monday, April 3, in Santo Domingo, Citigroup Latin America and the Citigroup Foundation awarded $15,000 to Tu Mujer, a representative of the ProLiteracy Foundation, to introduce and expand educational programs in microfinance. Citigroup Country Officer, Maximo Vidal, presented the award to Cristina Sanchez, executive director of Tu Mujer, and stated, " We are proud to be able to contribute to this program, which supports the development of micro entrepreneur activities, and also contributes to creating better living conditions for Dominican families with scarce resources." Venezuela: Citibank Promotes Financial Education Through "Banks in Action On Tuesday, April 11, in Caracas, Venezuela, Francisco Aristeguieta, President of Citibank Venezuela announced Citigroup's financial education training in the public schools of Caracas. Between 2001 and 2006, "Banks in Action" has received US$105,000 from Citigroup Foundation. In the five events held so far, 141 high school sophomores have participated and 47 Citibank Venezuela employees have volunteered. Soon freshman students will also participate. In the last four years, The Citigroup Foundation has donated nearly one million dollars to various corporate responsibility programs in Venezuela, most of them in the area of education and Financial Education. Asia Pacific   Guam: Citibank Employees Volunteer in National Teach Children to Save Day 29 Citibank employees became teachers for a day to over 250 students for 15 classes during the "National Teach Children to Save Day" held in Guam on April 25. Incorporating creative presentations such as interactive games, story telling and learning handouts, they taught financial basics to a wide range of students from kindergarten age through to the fifth grade. The Citibank employee volunteers also reinforced the importance of education and its value for the future. The "Teach Children to Save Day" program is sponsored by the American Bankers Association Education Foundation and was introduced to teach children the financial facts of life. This is the fourth year the Guam Bankers Association has participated in this national effort to promote financial literacy. Citibank volunteers have been active participants in the program since its debut year. In 2006, Citibank volunteers accepted an invitation from Inarajan Elementary School to teach their students. To date this year, Citibank Guam employees have contributed over 700 hours in volunteer time. Hong Kong: Citigroup Launches "The Next Generation of Elite Personal Finance Program 2006" Following the success of "The Next Generation of Elite Personal Finance Program" over the last two years, Citibank and the Economic Times Business College have worked together once again to run the program in 2006. This Citibank business-funded initiative aims to promote greater understanding of financial management among young people from Form 3 level to university students through a series of interactive activities. This year's program was launched on April 3, 2006 in Hong Kong by Ms. Fanny Pang, Executive Director of the Economic Times Business College; Mr. Rick Lin, Director of Wealth Management, Citibank Global Consumer Group Hong Kong; and Mr. Arthur Shek, Associate Publisher and Head of Research of the Hong Kong Economic Times. "The Next Generation of Elite Personal Finance Program" is part of Citigroup Hong Kong's Financial Education Series, and will last for about six weeks covering three key events: "The Junior Financial Secretary Contest - Developing Creative Industries in Hong Kong", "A Dialogue with Bankers", and the "Wisdom to Invest Seminar." Hong Kong: Citigroup Supports First Local Financial Knowledge TV Quiz for Students To help boost students' financial savvy and analytical skills, Radio Television Hong Kong (RTHK) and Citigroup have organized the first inter-school financial quiz in the history of Hong Kong television - "Student Quiz on Financial Knowledge." A total of 144 high school entries across the region are participating in the contest for the championship title, and the total viewership is expected to be over 1,400,000. The quiz is part of the Citigroup Hong Kong's Financial Education Series and is being funded by the Citigroup businesses in Hong Kong and the Citigroup Foundation. In addition to testing the contestants' general financial knowledge, each episode will feature specific questions based on one of the following topics: currency, investment, credit cards, electronic banking, credit, insurance and the banking system. Starting from April 4, the series is being aired on Hong Kong's ATV Home Channel every Tuesday at 7p.m. Live coverage and re-runs of the program will be available on the RTHK website. The quiz consists of six preliminary rounds and one final competition. The contest accepts up to four entries per school with two students per entry. The majority of the contestants will be eliminated during each preliminary competition, leaving 18 teams to contend for the championship in the final competition.