CITIGROUP INC

Citi made significant progress in its transformation through the second quarter of 2025 and is now at or mostly at Citi’s target state for many programs, including:

•End-to-end risk management lifecycle—from risk identification to stress testing

•Compliance risk management framework

•New financial forecasting engine for financial stress metrics

In addition, Citi continued to make progress in advancing its technology priorities, including:

•Continued to optimize, modernize and simplify Citi by retiring or replacing 211 applications in the first half of 2025

•Enhanced payment controls in 85 countries to detect large, anomalous payments—assessing a daily average of approximately 3 million payments

•Implemented a strategic loan platform across North America, JANA, Asia South, Europe and MEA, where new institutional corporate loans are being booked

For additional information on Citi’s transformation, including focus areas and status, consent order compliance and governance, see “Citi’s Multiyear Transformation” in Citi’s 2024 Form 10-K and Citi’s 2025 Proxy Statement for its Annual Meeting of Stockholders.