CITI IN LEBANON PROFILE MIDDLE EAST

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1 PROFILE Citi s presence in dates back to the 1950s. Since reestablishing its fully-licensed branch in Beirut in 1996, Citi has been offering a full range of corporate and investment banking services, including traditional trade, lending, and hedging products, to major corporations and financial institutions in. In recent years, Citi has played a leading role in executing major financing deals on behalf of Lebanese public sector entities and top private corporations. In addition to offering full banking services in, Citi is an active corporate citizen with a particular focus on financial education, microfinance and capacity building through grants and scholarship support provided by the Citi Foundation. We commend Citi for its continued interest in providing educational opportunities to talented young people from this region, particularly Lebanese students. This donation will enhance AUB s financial aid program and will give students the opportunity to obtain a quality business education at par with top international academic institutions. - Dr. Imad Baalbaki, Assistant Vice President for Development, American University of Beirut Citi has approximately 39 employees in. AWARDS AND RECOGNITIONS Best M&A House in the Middle East (2008) Best Private Bank in the Middle East (2006) Best Debt House in the Middle East (2005) Best International Market Sukuk House (2004) Best Bank at Risk Management and Treasury in the Middle East (2003) LEBANON Institutional Clients Group Citi achieves the extraordinary for our clients around the world. No financial institution is more committed to advancing the goals of its clients our diverse and talented staff in more than 100 countries advises companies, governments and institutions on the best ways to realize their strategic objectives. We create solutions for and provide the broadest possible capital and market access to thousands of issuer and investor clients. And no institution better executes the increasingly complex payment and cash management solutions required in today's global economy. : Best Corporate/Institutional Internet Bank Award 2007 Mary Dagher Public Affairs Officer Berytus Parks Block A - 3rd Floor, Park Avenue Beirut Central District, +961 (1) mary.dagher@citi.com

2 BUILDING COMMUNITIES Citi is actively engaged in communities in. From affordable housing to sustainable economic development to financial education, our network of employees and resources enables us to invest in our communities and make a real difference in individuals lives. Citi works strategically with international, national, and local non-profit organizations to develop innovative solutions to meet the needs of the underserved. COMMUNITY DEVELOPMENT As one of the world s largest financial services companies, Citi continues to provide capital in a way that is both aspirational and responsible taking a long-term view of what is in the best interests of our clients and the communities in which we live and work. To support the creation of low-income housing in southern, the Citi Foundation has partnered for two years with Habitat for Humanity. Habitat makes use of volunteer labor and donated materials to create and renovate affordable housing for lowincome families. The Citi Foundation s grant has been pooled with other funds to help offset Habitat s operational costs. Citi volunteers participate in the home building and renovation work. Over the two years of Citi s involvement with Habitat for Humanity, , the organization has helped 80 families in southern to acquire newly-renovated homes. EDUCATION Financial Support and Instruction for University Students Citi s strong commitment to education in includes longtime support of the financial aid program at the American University of Beirut (AUB). Building on previous contributions totaling $300,000 since 2000, Citi has renewed this support for the academic year, through a new $50,000 grant from the Citi Foundation for scholarships for eligible students. The proceeds will be used to provide financial assistance to eligible undergraduate degree students majoring in business at AUB s Suliman S. Olayan School of Business. Citi employees also serve as instructors at AUB. In 2007, Citi employees taught Risk in Commercial Banking to graduate students at the Suliman S. Olayan School the fourth time this course has been offered since it was introduced in The course brings students together with senior officers from Citi s international network and features Citi case studies. Summer Training for University Students In addition to supporting and participating in on-campus educational experiences, Citi invites students from AUB and other universities experience banking firsthand as summer interns. Thirteen students from Lebanese American University and the American University of Beirut served as summer interns at Citi in in The students received onthe-job training as they rotated through several departments, including Commercial Banking, Trade, Operations and Treasury. Lara Atoui, an AUB graduate who Our goal is to reach out to at least 1,600 displaced and needy Lebanese, thanks to the continuous supports of good citizens such as Citi. Our projects are not just about simple, affordable and decent homes; they also promote peace, justice, and reconciliation between the various religious and ethnic groups in the country." - Rev. Dani El Tayar, National Director, Habitat for Humanity We commend Citi for its continued interest in providing educational opportunities to talented young people from this region, particularly Lebanese students. This donation will enhance AUB s financial aid program and will give students the opportunity to obtain a quality business education at par with top international academic institutions. - Dr. Imad Baalbaki, Assistant Vice President for Development, American University of Beirut

3 participated in the summer internship program, said, I am privileged that Citi provided me with an opportunity to participate in an internship at the Beirut branch. The exposure I gained has made it possible for me to become a better candidate for banking careers. Vocational Training in Rural Areas The Citi Foundation has renewed for another year its grant to the Association for the Development of Rural Capacities (ADR) to support vocational training for small entrepreneurs and unemployed individuals in rural southern. The 2-year program provides current and prospective entrepreneurs with business management skills including developing a business plan and basic accounting; technical skills such as baking whole meal bread, creating herbal essences, animal health and food hygiene; advanced literacy in computer use and languages; and governmental certification in software development and secretarial skills. ADR s ongoing vocational program has so far benefited more than 250 entrepreneurs, including a number of women, in various areas of the south. MICROENTREPRENEURSHIP Microenterprise is the link to business ownership for the underserved, and a way for communities to create jobs. Many micro and small enterprises (MSE s) in the South lost their businesses during the 2006 hostilities. Thanks to Citi, we were able to conduct a successful vocational program which quickly improved the skill set of many MSEs, which form a significant part of the local economy and provide employment opportunities for many of the lower income segments of the population. - Adriana Doumet, Programs Manager, ADR Citi Microentrepreneurship Awards Citi promotes sustainable development of small businesses in through the Citi Microentrepreneurship Awards (CMA), offered in collaboration with Young Men s Christian Association (YMCA). In 2007, the third year of the program, 30 grants totaling $45,000 were awarded to Lebanese microentrepreneurs, who included: Josephine Sulieman, whose cookies are sold as far as Australia; Moustafa Al-Jamal, who sells animal feed in his village and is working to accommodate an ever-increasing demand; and Mouhieddine Aakour, whose specialized laboratory and dental material delivery business has been booming. The awards promote microenterprise by highlighting and building the capacity of local microentrepreneurs whose initiative is bringing themselves and their families out of poverty at the same time as it helps their communities overcome unemployment. More generally, the program helps to increase awareness of microentrepreneurs' financial services needs, in the realm broadly known as microfinance. Citi s efforts in support of micro-entrepreneurship in are much appreciated and lead the way for other institutions to get involved. During the past three years, we built a working relationship with a global business leader for the full benefit of sustainable development in the country and we intend to keep developing this partnership in the future. - Ghassan Sayah, CEO, YMCA

4 FINANCIAL EDUCATION Knowledge is your Greatest Asset SM In 2004, Citi businesses and the Citi Foundation made an unprecedented, 10-year, $200 million commitment to support and promote financial education programs around the world. Citi established its Office of Financial Education to lead the effort. Through this initiative, Citi will touch the lives of millions of people by supporting financial education that will help them achieve their dreams. Citi helps individuals, families, and entrepreneurs learn to manage money effectively, use credit wisely, and benefit from financial services to achieve their personal and business goals. FINANCIAL EDUCATION 2007 DATA Citi Foundation Funds Citi Business Funds Lives Touched Citi Volunteers Global Middle East $25,414,950 $1,241,500 $10,058,216 $60,000 9,375,708 15,487 9, Economic and Financial Education for Youth Injaz, an affiliate of the worldwide organization Junior Achievement, works to educate Lebanese youth for workforce readiness, financial literacy and entrepreneurship. A grant from the Citi Foundation supports Injaz s efforts to empower middle and high school students, enrolled in both public and private schools, and provide them with the life skills needed to enter and succeed in the job market. Injaz provides students with training in communication, decision-making, problem solving and teamwork skills. The organization s Leadership Program introduces young people to the concept of leadership and helps them identify the characteristics of leaders, using real and practical examples. Its Personal Economics program helps enable youth to assess their personal interests and skills, explore career options, enhance their job hunting skills and manage personal and family finances. We aim to reach 1000 students during Thanks to Citi s continued support, we will be able to reach our goal in empowering youth in underprivileged areas. - Kamal Katra, Chairman, Injaz Students participating at Injaz execute a community service project of their choice. This important element of Injaz s offerings helps students better understand the environment in which they are currently living and provides them with an opportunity to apply their acquired skills in a real-life situation. Citi s General Manager for is a member of the Injaz Advisory Board. The Citi Foundation s financial support for Injaz s efforts is complemented by Citi s annual Job Shadow Day, when students visit Citi locations and, by staying close beside Citi employees, get a unique perspective on the day-to-day operations and responsibilities of financial sector professions. In 2008, Citi will support Injaz s launch of the Junior Achievement Banks in Action program in. Banks in Action teaches the various concepts involved in running a bank through didactic sessions combined with a competition in which student teams compete as they manage virtual banks using Junior Achievement s virtual banking online program.

VOLUNTEERISM Each year, thousands of volunteer service hours are spent making a difference in our local communities through projects and activities with local non-profit organizations.

5 VOLUNTEERISM Each year, thousands of volunteer service hours are spent making a difference in our local communities through projects and activities with local non-profit organizations. To support and encourage employee engagement, Citi launched the Office of Global Volunteer Initiatives and its formal volunteer program in Employees receive one paid day each calendar year to volunteer for a non-profit organization of their choice. Employees volunteering 50 or more hours during a calendar year to an eligible non-profit can apply for a $500 Citi Foundation grant for the organization. On a single day every year, Citi s Global Community Day, employees join together in 100 countries to make a difference in their local communities. On Global Community Day in November 2007, twenty Citi volunteers in joined more than 60,000 employees, friends and families who participated in over 1,000 volunteer projects in more than 600 cities around the world. The volunteers in planted trees and painted a playground at a public high school. On Global Community Day 2007, Citi volunteers in planted trees and painted a playground at a public high school.

6 GIVING TO ORGANIZATIONS BY THE CITI FOUNDATION In 2007, Citi business contributions to eligible organizations totaled $58.9 million. In addition, the Citi Foundation made grants totaling more than $95 million to organizations in 87 countries, resulting in combined global giving of more than $153.9 million. The Citi Foundation is committed to enhancing economic opportunities for underserved individuals and families in the communities where we work throughout the world. Globally, the Citi Foundation targets its giving to support microfinance and microentrepreneurship, small and growing businesses, education, financial education, and the environment. In, Citi Foundation grants to non-profit organizations totaled $240,000 in Foundation grant awardees include: American University of Beirut Association for the Development of Rural Capacities Habitat for Humanity Lebanese American University Universite Saint Joseph Young Men s Christian Association Injaz

CITI IN JORDAN PROFILE MIDDLE EAST

CITI IN JORDAN PROFILE MIDDLE EAST PROFILE Citi has been operating in Jordan since 1974. Through the Institutional Clients Group, Citi is a leading provider of corporate and investment banking services, including loans; global cash management;