Citibank Becomes the First Foreign Bank in China to Sell Investment-linked Insurance Tailored to the Needs of Families for Sino-US MetLife

Young Saver Growth Protection Plan available in Beijing, Guangzhou and Shenzhen

BEIJING, Nov. 21 /Xinhua-PRNewswire/ -- Citibank (China) Co., Ltd. ("Citibank") and Sino-US MetLife today announced the launch of an RMB-denominated insurance offering in Beijing, Guangzhou and Shenzhen, the Young Saver Growth Protection Plan. This new product has been the first RMB-denominated investment-linked insurance with regular premium for children in these three cities and designed especially to meet the needs of Citibank customers.

(Photo: http://www.prnasia.com/sa/200711211325.JPG )

The Young Saver Growth Protection Plan features long-term protection for children aged 30 days to 17 years old. It not only sets up traditional protection insurance account, but also is equipped with investment accounts. By investing this product, customers can both better prepare financially for their children's education and growth as well as safeguard them with life protection.

Mr. Gary Ang, Head of Sales & Distribution for north and west region for Citi China said, "Citibank aims to ultimately look after all the wealth management needs of our customers over their entire life cycle. The launch of this new offering provides our customers with a new means of helping them achieve their financial goals in relation to their children and at the same time optimize their own investment potential."

Mr. Brent Bell, CEO of Sino-US MetLife, said, "Sino-US MetLife is pleased to provide world-class products that meet the protective and financial needs of customers for Citibank. The new launch of this insurance offering in Beijing, Guangzhou and Shenzhen provides Citibank’s customers with yet another personal financial solution."

The new offering makes three investment accounts available to customers, namely "Money Market Portfolio", "Balanced Portfolio" and "Equity Portfolio", which customers can select from depending on their investment preference and risk preference. Customers can switch among different investment accounts according to their own preference, and adjust allocation among investment accounts for better investment returns. They also have the right to choose premium payment mode and period, and apply for partial withdrawal at any time.

The launch of Young Saver Growth Protection Plan forms important part of the "Citibank Junior Plan", one of Citibank's latest initiatives that aim to provide children with a head start in life so that they can grow and develop their future. Under this initiative, a series of programs have been created that are designed for the children of Citibank customers. More details on these programs will be made available soon.

The Young Saver Growth Protection Plan of MetLife was designed only for Citibank's clients, and also sold by Citibank.

About Citi

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. Citi’s major brand names include Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at http://www.citigroup.com or http://www.citi.com .

About Citi China

Citi first established an office in China on May 15, 1902, in Shanghai. Today Citi is the premier foreign bank operating in China, offering the broadest product range of any foreign bank in China. Citi currently operates seven corporate & investment bank branches -- Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Chengdu and Hangzhou, twenty consumer bank outlets in Shanghai, Beijing, Tianjin, Guangzhou, Shenzhen, Chengdu and Hangzhou. With operations in more than 100 countries around the world, Citi is the most global of all foreign banks in China.

About Sino-US MetLife

Sino-US MetLife Insurance Company (MetLife) is an affiliate of MetLife, Inc. and Capital Airport Holding Company (CAHC) which was incorporated as a joint venture between Metropolitan Life Insurance Company and Capital Airport Holding Company (CAHC). MetLife, Inc. is a leading provider of insurance and financial services with operations throughout the United States, Latin America, Europe, and the Asia Pacific region. Through its affiliates, MetLife, Inc. reaches more than 70 million customers around the world, is the largest life insurer in the United States (based on life insurance in-force) with over 139 years of experience, and serves more than two-thirds of the FORTUNE 500(R) companies. The MetLife companies offer life insurance, annuities, automobile and home insurance, retail banking and other financial services to individuals, as well as group insurance, reinsurance and retirement and savings products and services to corporations and other institutions The business scope of CAHC, a company with the management of assets over 100 billion, includes management and construction of airports, investment and funding, hotel, travel and financial services. CAHC owns Capital Airport, a gateway airport of China. MetLife offers life, accident and health solutions in China through a career agency distribution system and other distribution channels. For more information about MetLife, please visit the company’s web site at http://www.metlife.com.cn .

(Footnote)

FORTUNE 500(R), April 2007. FORTUNE 500(R) is a registered trademark of

FORTUNE(R) magazine, a division of Time, Inc.

MetLife is the #1 life insurer in the U.S., based on sales revenue from

LIMRA, April 2007 (*includes COLI, BOLI & TOLI)