Smith Barney Appoints Julian Clark as Managing Director of Global Stock Plan Services

Business Wire, August 6, 2007

NEW YORK -- Smith Barney announced today that Julian Clark, former President and CEO of Mellon Investor Services, has been appointed Managing Director of Smith Barney Global Stock Plan Services. In his new role, Mr. Clark will oversee the administration of equity compensation plans for more than 700 corporate clients. He will report directly to David Schrohe, head of Smith Barney's Corporate Client Group.

"Julian has a distinguished reputation and a proven track record of producing impressive results while increasing client satisfaction," said Mr. Schrohe. "His extensive experience, leadership skills and exceptional work with corporate clients differentiates him from his peers and will help to solidify our position in the market."

"Smith Barney's corporate clients benefit from the firm's global presence and scale along with our Financial Advisor network. We provide our clients with virtually unparalleled resources and services in the Global Stock Plan business," said Julian Clark. "I feel very fortunate to be joining this team."

Mr. Clark has more than two decades of experience in the financial services industry. During his nearly 14 years served with Mellon Financial Corporation, he held several leadership roles, most recently as President and CEO of Mellon Investor Services, leading the growth and building the success of the company's shareholder and employee plan administration services. Under his leadership, the organization experienced exceptional revenue growth. Prior to joining Mellon in the U.S., he was President and CEO of the RM Trust Company in Toronto, Canada.

With a Bachelor of Commerce degree from Carleton University in Ottawa, Mr. Clark also attained the Canadian Chartered Accountant designation while working with Peat Marwick, Mitchell in Toronto.

The Corporate Client Group (CCG), a division of Smith Barney's Private Client Group, is a recognized leader in employee benefit and compensation plan services. The division's platform includes financial products and services for both institutional and private investors. CCG products and services include: Global Stock Plan Services, Corporate Retirement Services, Executive Benefits Services, Executive Financial Services, Corporate Cash Investment Management, On-Site([R]) Financial Education and Directed Share Programs.

Smith Barney Global Stock Plan Services' offerings include recordkeeping and brokerage services for stock option, restricted stock, stock purchase, SARs and performance share plans. With a worldwide presence, including call centers on three continents, we service clients who trade on 11 US and European exchanges.

Smith Barney 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 over 15,000 Financial Advisors in some 800 global 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 currently has more than 9.5 million client accounts, representing nearly $1.5 trillion in client assets. Additional information may be found at: www.smithbarney.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.