CITIGROUP INC

As disclosed on Citi’s Form 8-K filed with the SEC on October 22, 2025: (i) Citi announced that its Board of Directors (the Board) appointed Jane Fraser, Citi’s Chief Executive Officer, as Chair of the Board, while John Dugan, who served as Chair of the Board since 2019, will become Lead Independent Director; and (ii) the Board’s Compensation, Performance Management and Culture Committee (the Committee) awarded restricted stock units with a grant value of $25 million and 1.055 million of Citigroup stock options to Jane Fraser. In accordance with Citi’s 2019 Stock Incentive Plan, the options award will be effectuated on two grant dates: (i) 1.0 million Citigroup stock options were formally granted on October 22, 2025; and (ii) 55,000 Citigroup stock options will be formally granted in 2026, on a date to be determined by the Committee. These actions reflect the Board’s intent to ensure leadership continuity as Citi extends the growing momentum it is demonstrating in strengthening its business performance, executing its transformation and delivering enhanced shareholder value.