September 20, 2001 Mitsui Sumitomo Insurance Group and Citigroup agree to establish Life Insurance Joint Venture   About Citigroup 1. Citigroup and CitiInsurance Citigroup (NYSE:C), the most global financial services company, provides some 100 million consumers, corporations, governments and institutions in 101 countries with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage and asset management. The 1998 merger of Citicorp and TravelersGroup brought together such brand names as Citibank, Travelers, Salomon Smith Barney, Commercial Credit and Primerica under Citigroup's trademark red umbrella. CitiInsurance, the international insurance member of Citigroup aims to deliver a wide array of innovative insurance products and services, primarily by leveraging the global reach of Citigroup's unparalleled network of banking, lending and credit card distribution channels and, where strategic. partnering with leading local financial services to provide products for a wide spectrum of customers. Additional information can be found at: http://www.citi.com. 2. Financials (As of December 2000) In Millions of Dollars Total Asset US$ 902,210 Net Income (Insurance) US$ 13,519 (US$ 2,652) Employee 230,000   3. Citigroup in Japan Bank Citibank Corporate Banking UnitCitibank Consumer Banking UnitCitibank Private Banking Unit Credit Card Citicorp Diners Club Japan Ltd. Citicorp Card Services Inc. Securities Nikko Salomon Smith Barney Limited Citicorp Securities (Japan) Ltd. Asset Management Citigroup Asset Management Cititrust and Banking Corporation Consumer Finance CitiFinancial Corporation Japan