CITI REDUCES FIXED RATE MORTGAGE LOAN RATES.
New Rate of 3.75% Lowest in the Market.

Athens, June 21, 2007.

Against an environment of increasing interest rates, Citibank announced today a further reduction in the rates on its 3-year Fixed Rate Mortgage Loan. New loans for house purchases, construction or repair taken out until August 31st 2007, will have an interest rate of 3.75%*.

Citibank’s 3-year Fixed Rate Mortgage Loan now becomes the most competitive in the market, and continues a tradition of low rates for Citibank’s mortgage loans. The low mortgage loans rate policy is a result of Citi’s favorable credit rating enjoyed as the largest financial institution worldwide. After the period of 3 years, the customer will then be able to select between the fixed and variable rate mortgage loan products that will be available from the Bank.

Citibank’s low mortgage loan rates are also now accessible to customers with a special Refinancing Offer. For every mortgage loan that is transferred to Citibank from another bank, all loan fees are free as well the pre-notice fees up to the sum of 3,000€.

Citibank’s Mortgage Loans with a pre-notice have a repayment tenor of between 5 to 35 years and cover sums of 15,000€ to 1,000,000€. The complete product line includes Variable Rate Mortgage Loans linked to the ECB or to the monthly euribor and Mortgage Loans of Fixed Rate for 1, 3, 5, 10, 15, 20 and 25 years, after which the customer can select either a new fixed rate period or a variable rate product.

Customers can speak to a Citi Mortgage Loan Consultant about their individual financial situation. Citi Mortgage Loan Consultants can be found at every Citibank branch, and they can explain the different options available and help the customer to make the best choice based on their needs and financial position in line with Citi’s Responsible Lending practices.