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Eurogiro - Your Global Payments Community

Eurogiro is a unique payments network that connects different payments "ecosystems", e.g. postal organisations, post banks, commercial banks and other payment service providers, focusing on cross border high volume - low value payments.

Eurogiro facilitates members' cooperation in the field of international payments and offers efficient solutions supporting their offering to clients. Thereby Eurogiro helps increasing the business of its members.

To learn more, contact us at [email protected] or read What Eurogiro can do for you.

Citi and Eurogiro join forces to expand payment networks

Combined Distribution Network Will Allow Clients To Send and Receive Payments In Over 100 Countries Around the World

London  (August 30, 2007) - Citi Markets & Banking and Eurogiro, a low value payments network of postal organisations and financial institutions, today announced they would collaborate to extend their respective payment networks. The alliance will bring together Eurogiro's 61 connections in 50 countries across the globe with Citi's existing payment network encompassing over 100 countries. The alliance will enable Eurogiro's members to benefit from Citi's distribution capacity and payment offerings, while Citi and its customers will gain access to Eurogiro's unique distribution network and products.

Henrik Parl, Managing Director of Eurogiro said, We are thrilled to be collaborating with Citi. Citi provides Eurogiro with the leading international payments capabilities and cross-border expertise we were looking for in a banking relationship so we can continue to grow our network while providing clients with the greatest choice of solutions at the best price.

Francesco Vanni d'Archirafi, Global Transaction Services Head for Europe, Middle East and Africa at Citi said, Expanding our payment network is a core initiative for Citi and Eurogiro is an ideal ally for us. We are proud to be working with Eurogiro to extend our respective networks to create this best in class solution.

Naveed Sultan, Head of Cash Management for Europe, Middle East and Africa at Citi said, Citi and Eurogiro are a complimentary fit as Eurogiro members can leverage Citi's international payment services while Citi and our customers will benefit from utilizing Eurogiro's unparalleled distribution network. We look forward to our continued work together.

Media Contacts: Eurogiro: Soren Rose, +45 4371 2772 [email protected] Citi: Jeanette Volpi +44 (0)207 986 2809 [email protected]

About Eurogiro:

Eurogiro Network A/S is a network of financial institutions providing effective solutions and an efficient platform for co-operation on cross border payments. Eurogiro's core strengths are cost efficient solutions, connectivity across borders and among different financial players and a friendly and efficient co-operation spirit. Fifty-seven organizations, i.e. posts, postbanks and commercial banks as well as alliance partners among other providers forms the Eurogiro community.

About Citi:

Citi Markets & Banking is the most complete financial partner to corporations, financial institutions, institutional investors and governments in the world. As a global leader in banking, capital markets, and transaction services, with a presence in many countries dating back more than 100 years, Citi enables clients to achieve their strategic financial objectives by providing them with cutting-edge ideas, best-in-class products and solutions, and unparalleled access to capital and liquidity. 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. Major brand names under the trademark red arc include: Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at or

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