Notizie:citi Announces Shareholder Approval Of Increase In Authorized Common Shares, Paving Way To Complete Share Exchange (C)

Citi today announced that its common stockholders approved the three
resolutions submitted to common stockholders in its Common Proxy
Statement dated June 18, 2009. In summary, the resolutions increase the
number of authorized shares of Citi’s common stock to 60 billion;
eliminate the right of the holders of common stock to vote on any
amendment to the restated certificate of incorporation that relates
solely to the terms of any series of preferred stock; and authorize (but
do not require) the Board of Directors to effect a reverse stock split,
at one of seven ratios, at any time prior to June 30, 2010.

As a result of the stockholder approval to increase the number of
authorized shares of common stock, the warrants to purchase shares of
Citi common stock issued on July 23, 2009 to the U.S. government and
certain private holders have become null and void. The increase in the
authorized shares of common stock also allows Citi to convert the U.S.
government and certain private holders’ interim securities to common
stock, completing the previously announced share exchange. This
mandatory conversion will be effective at the close of business on
September 10, 2009, and upon issuance of the common shares, Citi will
have approximately 22,880,304,796shares of common stock
outstanding. Upon completion, the U.S. government will own 7,692,307,692
shares, or 33.6% of outstanding shares.

Citi, the leading global financial services company, has approximately
200 million customer accounts and does business in more than 140
countries. Through Citicorp and Citi Holdings, Citi provides consumers,
corporations, governments and institutions with a broad range of
financial products and services, including consumer banking and credit,
corporate and investment banking, securities brokerage, and wealth
management. Additional information may be found at www.citigroup.com
or www.citi.com.