Investment Risks

• Capital repayment at maturity is dependent on the performance of the FTSE™ 100 Index. If the level of the Index at the close of business on any Business Day during the Investment Term is 50% or more below the Starting Index Level the capital protection barrier will have been breached.

If the capital protection barrier is breached and the Final Index Level is below the Starting Index Level you will lose some or all of your original capital investment. You will lose 1% of your  original capital for every 1% that the Final Index Level is below the Starting Index Level. Where the difference is a fraction of 1% the fraction will be applied. See pages 4 & 5 for further details.

• Your circumstances could change, forcing you to encash your Plan early. If  this happens, you may get back less than the amount you originally invested. The value of the Plan will be determined by the price at which the Investments can actually be sold on the relevant Dealing Date. See ‘What happens if I cash my investment in early?’ on page 9 of the plan brochure.

• Capital security and the payment of income throughout the Investment Term is dependent on the ongoing solvency of Citigroup Inc.

The investment involves the Plan Manager arranging, on your behalf, for the purchase of preference shares from a special purpose vehicle. These have been specifically structured to match the Investment Objectives of your Plan.

The issuer of the preference shares will enter into a contract with Citigroup Financial Products Inc, who are guaranteed by Citigroup Inc. The payments received by the issuer under the contract will be used to fund payments to the shareholders.

The capacity of Citigroup Inc to meet its financial obligations is considered strong.

This is supported by an independent assessment from a leading credit rating agency, Standard & Poor’s, which gives Citigroup Inc a rating of A, as at 01 August 2009.

Rating agency Moody’s gives Citigroup Inc a rating of A3 and Fitch A+, both as at 1 August 2009.

These ratings can change at any time.

There is a risk that the issuer of the preference shares may fail to meet its obligations and it is you, the Investor, that faces this risk rather than the Plan Manager.

• The terms of the investment may permit the issuer of the preference shares to withhold, defer, reduce or even terminate payments in certain events, as a result of which you may receive less than you would otherwise or may have to wait for the proceeds.

• The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax reliefs depend on individual circumstances. The favourable tax treatment of ISAs may not be maintained in the future.

• Consideration given prior to making a transfer of existing investments should include the exit and associated charges of transferring your existing investments and the potential for loss of income or growth whilst the transfer is pending and whether the risk to capital in this Plan is suitable.

• It is important to understand that this Plan does not include the security of capital which is offered under a deposit with a bank or building society.

• The FTSE™ 100 Index is a capital-only Index and takes no account of dividend returns. As a result you will not receive any dividend payments or distributions.

Careful consideration should be given to the benefits and risks of this Plan and its suitability to your own personal circumstances and attitude to risk. We would recommend that you take professional advice before investing.

Please refer to the  Brochure and the Terms & Conditions for full details.