1. Career at Citi September 17, 2008 Ruslan Belyaev Director St. Petersburg Branch Manager Olga Karpunina HR Head Consumer Bank St. Petersburg Branch

2. Russia is a BRIC Leader BrazilRussiaIndiaChina Size of Economy (1) (US$bn)1,007 1,290 9883,220 Economic Growth (2) (%)3,48,1 8,39,8 Size of Equity Mkts (3) (US$bn) Growth 2001–2006 (%) 874 309 1,042 1,055 821 713 1,146 202 Growth of Acquisitions (4) (%)3161,8311,266459 Growth of Equity Offerings (5) (%)6077,9432,491771 % of Global 2006–2007 IPO Offerings (6) (%) >5~10<5~20 Notes: (1)2007 Nominal GDP; Source: EIU. (2)2007P GDP growth; Source: EIU. (3)Market Cap as of December 2006 from Factset. (4)2001–2006 Market Volume; Source: SDC – Any Involvement. (5)2001–2006 Equity offerings – Equity and Equity Linked. (6)2006–2007YTD IPOs as of 17 September. 2

3. FDI in Russian Federation 1994-2007, forecast 2008-09, USD bn 3

4. Large Opportunity for Further Development of the Banking Sector The Russian banking sector remains under-penetrated by global standards. Banking assets stood at 68% of GDP at the end of 2007, much lower than in other BRIC countries. 4 Possessing a large-scale modern domestic financial services sector facilitates capital allocation between investors and companies. Banking Assets as % of GDP, 2007 Consumer Loans as % of GDP, 2007 Source: Citi Investment Research Corporate loans stood at about 30% of GDP at the end of 2007, while retail loans, including mortgages, were only 11% of GDP. The Russian banking sector exhibits consistently strong loan growth rates over the last several years in the range of 35-55%. Source: EIU

5. Citi in Russia – Expanding Network Location No. of Branches 2007 Year-End Moscow38 St. Petersburg 15 Ekaterinburg3 Samara2 Nizhny Novgorod 1 Rostov2 Volgograd1 Total62 Distribution by Cities Operating BranchesLaunched Operations in 2007Target for 2008/ 2009 5

6. St.Petersburg Branch opened in 1996 Full range of corporate banking services with market leading consumer franchise Growing client base of over 200 global and local companies, financial institutions, non- profit and government organizations Over 150 000 consumer clients Currently 14 branches & 1 sales center, over 100 ATMs Over 700 employees in corporate and consumer banking Citi is actively involved in community life supporting children and education institutions Citi in St. Petersburg 6

7. Citi in Russia – Long Established and Broad Presence Transaction Services Treasury Corporate Finance and Lending Investment Bank BankingCards Commercial BankingConsumer Banking Account Services Cash Management Collections Trade Working Capital Securities Services FX Derivatives Hedging Time Deposits Investments in the Local Securities FCY Lending LCY Lending Debt Capital Markets Structured Finance Securitisation Project Finance Advisory Equity Capital Markets Debt Capital Markets Credit Cards Equal Payments Plan Personal Installment Loans Savings Plans Fixed Income Mutual Funds Current Accounts Deposits Insurance No. of Employees 200620072008 Corporate1,300 1,5001,800 Consumer300,000 450,00650,000 No. of Customers 200620072008 Corporate 485 600 741 Consumer 2,365 2,500 2,964 Citibank Launched Operations in Russia in 1994 7

8. Citibank Russia Consumer Business Retail Banking –Branches –Bank @ Work –Product Team (CitiOne, PIL) –Marketing department Credit Cards –Direct Sales –Telesales –Product Team (Credit Cards) –Marketing Credit and Risk Quality Assurance Strategic Analytics Unit Customer Service CitiPhone Collection Unit Consumer Finance Legal Compliance TI Department Human Resources 8

9. Branch Career Opportunities We Value people who…  are committed to a strong work ethic  are constantly striving to exceed customer’s expectations  are more interested in teamwork  are top performers  are committed to excellence in whatever they do District Manager Relationship Manager Intern Direct Sales Agent CitiGold Associate Branch Manager CitiGold Executive 9