Citibank Offers the American Express Gift Card

Business Wire, March 14, 2007

NEW YORK -- American Express and Citibank, a member of Citi, today announced an agreement under which Citibank is selling the American Express[R] Gift Card in more than 980 Citibank retail Financial Centers nationwide. The agreement with Citibank is American Express' first with a national bank.

First introduced in 2002, the American Express Gift Card is available online at http://www.americanexpress.com/gift, and nationwide at tens of thousand of locations, including supermarkets, drug stores, shopping centers, American Express Travel Service offices, and banks. American Express Gift Cards sold in Citibank Financial Centers will bear both the American Express and Citibank logos.

"The popularity of giving and receiving gift cards continues to soar. In 2006, we sold more American Express Gift Cards than all previous years combined," said Alpesh Chokshi, senior vice president and general manager, American Express Travelers Cheques and Prepaid Services North America. "We are committed to making Gift Cards available where our customers want to buy them, and Citibank, with its nationwide footprint and banking industry leadership, is a terrific addition to our growing roster of selling partners."

"We are pleased to offer our customers the American Express Gift Card," said Maura Markus, President of Citibank North America. "At Citibank, we are committed to providing innovative products and services to meet all of our customers' needs. We realize our customers are busy, and choosing American Express as our co-branded gift card partner provides yet another convenient and time-saving product."

The American Express Gift Card can be redeemed at U.S. retailers and restaurants that accept the American Express Card. It lets the recipient choose from millions of things and experiences, making it a popular gift choice -- unlike store gift cards which work at one place, the American Express Gift Card is good all over the place.* In addition to the American Express Gift Card, American Express offers themed Gift Cards, including Gift Cards Especially for Kids, Teens and Birthdays. All American Express Gift Cards come with special offers available at best-of-brand retailers, restaurants and destinations. For more information on participating locations visit http://www.americanexpress.com/specialoffers, The Gift Card is available in denominations ranging from $25 to $500 and is replaceable if lost or stolen for a fee.

About American Express

American Express Company (www.americanexpress.com) is a leading global payments, network and travel company founded in 1850.

American Express is a leader in consumer prepaid products. In addition to the 116-year old American Express Travelers Cheque - the preeminent brand welcomed worldwide - the Company issues other prepaid products including the Travelers Cheque Card, Cheques for Two, Gift Cards, Gift Cheques, and a range of corporate incentive prepaid products through American Express Incentive Services.

About Citibank

Citibank is a member of Citigroup (NYSE: C). Citigroup, 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 Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com.

* Terms and conditions apply to gift cards. American Express Gift Cards are not for use at car rental, cruise lines, casinos or ATMs. Offers are subject to change without notice.