Seattle's St. Anne School Wins Citi Smith Barney's 2007 Stock Portfolio Contest

Citi Smith Barney announced today that the winner of its 2007 National Stock Portfolio Contest is Mr. Scott Cary’s 8th grade class at St. Anne School in Seattle, Washington. The team's portfolio increased 25.87 percent, during the three-month contest, while the S&P 500 Index increased 2.38 percent (on a price only basis). The class also surpassed the performance of 98 other classes from schools in 19 states that participated in this year's program. The contest marks the conclusion of the firm's annual Take Your Parents to School Day® Program. "Prior to getting the kids into small groups, I had each of my students research a stock and ‘sell’ it to the class. It was interesting to watch the children grow from zero knowledge of the stock market to knowing what a stock is, what a diversified portfolio is, and understanding that their portfolio outperformed the market," Mr. Cary said. "They've grown throughout this experience and they appreciate the opportunity to participate." "Given the dire need to introduce financial education in classrooms today, Smith Barney has worked with parents and teachers over the past nine years to raise the awareness of future investors on the dynamics of money and investing. The knowledge gained through programs, such as ours, will likely stay with them for a lifetime," said Mindy S. Ross, managing director at Smith Barney. "We believe it's never too early to encourage fiscal responsibility and begin a dialogue on planning for short and long-term goals. These early discussions are designed to lay solid groundwork for future investors to help them achieve their life goals and successfully manage their own money." The Take Your Parents to School Day® Program includes a three-day financial education curriculum taught in participating middle schools across the country from February 13 - 15, 2007. On the third day of the program, each participating class forms teams to create a hypothetical portfolio consisting of five shares of stock selected from a list provided by the firm. The portfolio is then entered in Smith Barney's National Stock Portfolio Contest. "The best part of the contest is the kids. I would do it every year just to be with the kids,” said Seattle Smith Barney Financial Advisor Donald Mills. "They were eager and optimistic and have no idea what they are about to experience with their stocks. It’s truly an exhilarating experience for everyone involved.” During the contest, students from all of the participating schools tracked the performance of their portfolios online through the firm's Young Investors NetworkSM Web site at www.younginvestorsnetwork.com. Each student in the winning class, based on the portfolio with the largest increase in value at the end of the contest period, will receive one share of Citi stock, currently valued at $53.11 (indicative as of close of market on May 11, 2007). As one of several Citi Financial Education programs, Smith Barney's Young Investors Initiative focuses on educating middle school students on the basic fundamentals of investing and how these skills will enable them to become financially responsible adults. The initiative is supported by the firm's Web site that offers young investors, parents and teachers a variety of materials and financial games to help further their financial education. Citi is a long-standing supporter of financial education. In 2004, Citi renewed its commitment to financial education with a ten-year, multi-million Dollar pledge to help support and build financial literacy in the global communities in which it operates. Citi Smith Barney is committed to helping investors, parents and children successfully navigate the road to financial security. For more advice on how to better plan for their financial future, parents may request a free copy of Smith Barney's 16-page booklet, Parents Guide for the Young Investor, by contacting their local Smith Barney branch. Smith Barney is the private wealth management unit of Citigroup. It is a leading provider of comprehensive financial planning and advisory services to high net worth investors, institutions, corporations and private businesses, governments and foundations. With more than 13,000 Financial Advisors in over 600 offices, Smith Barney offers a full suite of investment services, including asset allocation, private investments and lending services, hedge funds, cash and portfolio management, as well as retirement, education and estate planning. A division of Citigroup Global Markets Inc., (Member SIPC), the firm the firm currently has 9 million client accounts, representing nearly $1.2 trillion in client assets. Additional information may be found at: http://www.smithbarney.com Based on the belief that knowledge is your greatest asset, the Citi Financial Education Program is a global, company-wide effort to identify, support and implement initiatives that help give individuals, families and communities the tools needed to make sound financial decisions. Citi’s 10-year, $200 million global commitment is focused in three areas: Personal, Small Business and Institutional Financial Education. Additional information about Citi’s Financial Education Program, including Citi Foundation guidelines, links and resources, and the Citi Financial Education Program Curriculum and Facilitator's Guide, may be found at: http://financialeducation.citigroup.com/. Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing 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. Major brand names under Citi's trademark red arc include Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.