DISCLAIMER

Investment Products:

Investment products are not bank deposits, nor obligations of, nor guaranteed by Citibank Singapore Ltd, Citibank, N.A., Citigroup Inc. or any of its affiliates or subsidiaries, and are subject to investment risks, including the possible loss of the principal amount invested. Investment products are not insured products under the provisions of the Deposit Insurance and Policy Owners' Protection Schemes Act 2011 of Singapore and are not eligible for deposit insurance coverage under the Deposit Insurance Scheme.

Past performance is not indicative of future results and prices and values can go up or down. Investors investing in funds denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may cause a loss of principal when foreign currency is converted back to the investors' home currency. Investors should therefore determine whether any foreign currency investment is suitable for them in the light of their personal investment objectives, financial means and risk profile. All subscriptions for Investment Products must be made on application forms accompanying the prospectus. Prospectuses are available from Citibank Singapore Ltd and the Fund Managers' offices.

Investors should read the prospectus before deciding whether to subscribe for or purchase units in the Investment Products. This document does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized or to any person to whom it is unlawful to distribute such a document or make such an offer or solicitation. Investment products are not available to U.S. persons and may not be available in all jurisdictions.

Citibank full disclaimers, terms and conditions apply to individual products and banking services.

Deposits:

Foreign currency investments are subject to rate fluctuations, which may provide both opportunities and risks. You may experience a loss when you convert foreign currency back to your home currency. Exchange controls may be applicable from time to time to certain foreign currencies. You should therefore determine whether any foreign currency investment is suitable for you in the light of your investment objectives, your financial means and your risk profile. Foreign currency investments are not insured products under the provisions of the Deposit Insurance and Policy Owners' Protection Schemes Act 2011 of Singapore and are not eligible for deposit insurance coverage under the Deposit Insurance Scheme. Citibank full disclaimers, terms and conditions apply to individual products and banking services.

Deposit Insurance Scheme - Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Pursuant and subject to the provisions of the Deposit Insurance and Policy Owners' Protection Schemes Act 2011, of Singapore, the the SGD savings account for non-bank depositors are insured by the Singapore Deposit Insurance Corporation ("SDIC") for up to S$100,000 in aggregate for each insured depositor. For more information, please refer to SDIC's website at www.sdic.org.sg.

Citibank full disclaimers, terms and conditions apply to individual products and banking services.

Premium Account

A Premium Account is unlike a traditional bank account as it is an investment and returns may vary. Premium Accounts are subject to a number of risks. A Premium Account is an investment in one or more financial instruments which may include currencies, forwards, equities, bonds, indices, interest rates, precious metals, commodities and/or any other financial or money market instrument. It is subject to exchange rate fluctuations, which may provide both opportunities and risks. A Premium Account will be paid in the financial instrument that is the weaker of the base financial instrument and the alternate financial instrument. If the alternate financial instrument weakens against the base financial instrument, you will be paid in the alternate financial instrument. This means you may effectively incur a loss on the principal amount of the Premium Account, because the amount paid at maturity, when converted back into the base financial instrument at the prevailing exchange rate, will be lower than the amount of the base financial instrument that you initially invested. The higher rate of interest you earn in the Premium Account as compared to a traditional time deposit may not compensate you for this exchange loss. Exchange controls may apply from time to time to certain foreign currencies. Our Treasury Services Managers and Relationship Managers will provide you with information on any exchange controls that are relevant to the currencies in which you invest. If your Premium Account consists of precious metals or commodities, you should note that physical delivery of the same and the wire transfers to or from your precious metals or commodities accounts are not permitted. You should note that a Premium Account is an investment product that should be held to maturity. Early withdrawal of a part of a Premium Account prior to the maturity date is not permitted. Early withdrawal of the whole of a Premium Account is permitted but strongly discouraged, because you will have to pay early termination charges and these charges will be deducted from the amount repaid under the Premium Account. Some of the factors used in calculating such charges include the exchange rate for the financial instrument pair, the prevailing interest rate and the remaining term of the Premium Account. As a result, the amount repaid to you may be less than the principal amount. If you wish to terminate your Premium Account prior to maturity, please contact the Bank. The Bank may, at any time at its discretion, terminate the Premium Account. This may happen, for example, if restrictions on convertibility and transferability become applicable to any of the financial instruments in your financial instrument pair. In such cases, payment to you will be made in the alternate financial instrument in your financial instrument pair or another financial instrument chosen by the Bank. You may incur a loss on the principal amount in such cases. Please refer to the Bank's website for any updates of foreign exchange control restrictions. You should obtain the advice of a licensed or an exempt financial advisor before making a commitment to enter into a Premium Account transaction. In the event that you choose not to seek advice from a financial adviser, you should carefully consider whether a Premium Account is suitable for you in light of your investment objectives, your financial means and your risk profile. For more information on a Premium Account, you should also carefully read the Premium Account Agreement.

In opening a Premium Account for you, Citibank Singapore Limited acts as principal to a Premium Account transaction. You are subject to the full credit risk of Citibank Singapore Limited. Any payment to be made on the Premium Account depends on the ability of Citibank Singapore Limited to satisfy its obligations as they come due. The Premium Account is a general and unsecured obligation of Citibank Singapore Limited. Citibank full disclaimers, terms and conditions apply to individual products and banking services.

A Premium Account is not an insured product under the provisions of the Deposit Insurance and Policy Owners' Protection Schemes Act 2011 of Singapore and is not eligible for deposit insurance coverage under the Deposit Insurance Scheme.

Gold disclaimer:

Investments in gold are subject to price fluctuations which may provide both opportunities and risks. There is no yield or interest generated and a loss may be incurred due to fluctuations in its price. Physical delivery of gold, or physical deposit or withdrawal and wire transfer of gold to and from the Gold Account is not permitted. You should therefore determine whether any gold investment is suitable for you in the light of your investment objectives, your financial means and your risk profile. Investments in Gold are not insured products under the provisions of the Deposit Insurance and Policy Owners' Protection Schemes Act 2011 of Singapore and are not eligible for deposit insurance coverage under the Deposit Insurance Scheme. Investment products including Gold Accounts and gold trading are not available to U.S. persons and may not be available in all jurisdictions. Citibank Singapore Limited is acting as principal in buying or selling the gold in your Gold Account.

Citibank full disclaimers, terms and conditions apply to individual products and banking services.

Citibank Currency Trading Account Disclaimer and Leveraged Trading accounts:

This proposal is not an offer to sell nor a solicitation of an offer to enter into a transaction. The terms set forth herein are intended for discussion purposes only and are subject to the final expression of the terms of the transaction in the applicable agreements and/or confirmation. Further, while some of the information provided may have been obtained from various published and unpublished sources considered to be reliable, neither Citibank Singapore Limited, Citibank N.A., Citigroup Inc. nor any of their affiliates guarantees its accuracy or completeness or accepts liability for any direct, indirect or consequential losses arising from its use.

The risk of loss in leveraged trading may be substantial. You may sustain loss in excess of your initial margin funds. Placing contingent orders, such as "stop loss" or "stop limit" orders will not necessarily limit losses to the intended amounts. Market conditions may make it impossible to execute such orders and you may be called upon at short notice to deposit additional funds. If the required funds are not provided within the prescribed time, your position may be liquidated. You shall remain liable for any resulting deficit in your account. Prior to entering into any proposed transaction, you should determine, without reliance upon Citibank Singapore Limited, Citibank, N.A. or its affiliates, the economic risks and merits, as well as the legal, tax and accounting characterizations and consequences, of the transaction and that you are able to assume these risks.

You should therefore carefully consider whether such trading is suitable in the light of your investment objectives, your financial means and your risk profile. Leveraged trading products are not insured products under the provisions of the Deposit Insurance and Policy Owners' Protection Schemes Act 2011 of Singapore and are not eligible for deposit insurance coverage under the Deposit Insurance Scheme. This document and its contents are proprietary information and products of Citibank Singapore Limited and may not be reproduced or otherwise disseminated in whole or in part without Citibank's written consent.

Citibank full disclaimers, terms and conditions apply to individual products and banking services.

Bonds (Fixed Income Securities):

These securities are obligations only of the issuer. Unless otherwise stated, they are not bank deposits or obligations of or guaranteed by Citibank Singapore Ltd, Citibank, N.A., Citigroup, Inc. or any of its affiliates or subsidiaries (except in the case that Citigroup, Inc. or any of its affiliates or subsidiaries is the issuer), and are subject to investment risks, including the possible loss of the principal amount invested. These securities are not insured products under the provisions of the Deposit Insurance and Policy Owners' Protection Schemes Act 2011 of Singapore and are not eligible for deposit insurance coverage under the Deposit Insurance Scheme. Investors investing in securities denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may cause a loss of principal. Exchange controls may be applicable from time to time to certain foreign currencies. You should therefore determine whether any foreign currency investment is suitable for you in the light of your investment objectives, your financial means and your risk profile. These securities are not available to US persons.

Citibank full disclaimers, terms and conditions apply to individual products and banking services.

Life Insurance

This insurance plan is underwritten by the Insurance Company. This insurance product distributed is an obligation only of the insurance company. It is not a bank deposit or an obligation of or guaranteed by Citibank Singapore Ltd, Citibank N.A., Citigroup Inc. or any of its affiliates or subsidiaries. This is not a contract of insurance. Accordingly, the information should be read and construed in the light of, and subject to, all the terms and conditions contained in the Policy. Full details are stated in the Policy, including whether such Policy is eligible for coverage under the Policy Owners' Protection Schemes Act 2011 of Singapore.

This is only general product information provided by us. You should seek advice from a qualified advisor if in doubt. The specific details applicable to this insurance are set out in the policy contract. Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and surrender value payable may be less than the total premiums paid. All insurance applications are subject to the insurance company's underwriting and acceptance.

Citibank full disclaimers, terms and conditions apply to individual products and banking services.

General Insurance:

This insurance plan is underwritten by the Insurance Company. This insurance product distributed is an obligation only of the insurance company. It is not a bank deposit or an obligation of or guaranteed by Citibank Singapore Ltd, Citibank N.A., Citigroup Inc. or any of its affiliates or subsidiaries. This insurance product is not an insured product under the provisions of the Deposit Insurance and Policy Owners' Protection Schemes Act 2011 of Singapore and is not eligible for deposit insurance coverage under the Deposit Insurance Scheme.

The specific details applicable to this insurance are set out in the policy contract. All insurance applications are subject to the insurance company's underwriting and acceptance.

Citibank full disclaimers, terms and conditions apply to individual products and banking services.

Structured Notes

Citibank Singapore Ltd is acting as your agent in the purchase of these notes.

These notes are not bank deposits, are not government insured and are subject to investment risks, including possible loss of the principal amount invested. These notes are not insured products under the provisions of the Deposit Insurance and Policy Owners' Protection Schemes Act 2011 of Singapore and are not eligible for deposit insurance coverage under the Deposit Insurance Scheme. Principal protection and/or interest guarantees provided in respect of a note are provided by the issuer and is subject to issuer's risk. Unless specifically stated, any principal protection and/or interest guarantee is not an obligation of Citibank Singapore Ltd, Citibank, N.A., Citigroup Inc. or their affiliates/subsidiaries (except in the case that Citigroup Inc. or any of its affiliates or subsidiaries is the issuer).

Principal protection and/or interest guarantees provided by the issuer will not apply in the event that any note is redeemed before the maturity date and is subject to conditions. Investors should refer to the Offering Circular and/or the Termsheet for details relating to the terms of the principal protection and/or interest guarantees. Investors investing in notes denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may cause a loss of principal. Past performance is not indicative of future results; prices can go up or down.

Notes that are not principal protected may be redeemed at maturity at an amount which may be substantially less than the principal amount of the Notes, or in some circumstances, zero. Also, if an investor elects to redeem or otherwise dispose of the Notes prior to the Final Observation Date, they may not receive 100% of the amount invested. Investors are notified that the branches, affiliates and/or subsidiaries of Citigroup Inc (the "related entities") may receive a fee, commission or other compensation (in cash or in kind) in connection with the purchase and sale of the Notes. The salespersons and employees of the related entities may be paid a fee or otherwise receive a commission or other compensation (in cash or in kind) in connection with your purchase of the Notes.

This product is not available to U.S. Persons.

Citibank full disclaimers, terms and conditions apply to individual products and banking services.

Equity-Linked Accounts Disclaimer

Unlike bank deposits, Citibank Equity-Linked Accounts are subject to investment risks and potential returns may vary, depending on the official closing price of the underlying share on the Expiry Date.

If the closing price of the underlying share is at or above the Strike Price, principal and interest in the base currency will be payable. If the closing price of the underlying share falls below the Strike Price, interest in the base currency will be payable and the underlying share will be delivered. Citibank has the discretion to pay cash instead of delivering the underlying share in the event of unforeseen circumstances, due to but not limited to, unavailability of shares. The amount of cash payable will be computed based on the closing price of the underlying share on the Expiry Date multiplied by the quantity of the underlying share to be delivered as stated in the written confirmation. In such a case, an immediate loss on the principal will be realised.

Prior to entering into a transaction, investors should consult with their own legal, regulatory, tax, financial and accounting advisors to the extent they consider it necessary, and make their own investment decisions (including decisions regarding the suitability of this transaction) based upon their own judgement and advice from those advisors they consider necessary.

In the event that investors choose not to seek advice from a financial advisor, they should carefully consider whether this product is suitable for them in light of their investment objectives, financial means and risk profile. In establishing the Citibank Equity-Linked Account for investors, Citibank Singapore Limited acts as a principal and not as an agent. Repayment of Citibank Equity-Linked Account is subject to the laws and the regulations of Singapore.

The Citibank Equity-Linked Account is not a bank deposit, nor obligation of, nor guaranteed by Citibank Singapore Ltd, Citibank, N.A., Citigroup Inc. or any of its affiliates or subsidiaries. The Citibank Equity-Linked Account is not an insured product under the provisions of the Deposit Insurance and Policy Owners' Protection Schemes Act 2011 of Singapore and is not eligible for deposit insurance coverage under the Deposit Insurance Scheme.

Citibank full disclaimers, terms and conditions apply to individual products and banking services.

General Portfolio disclaimer

The term "Portfolio(s)" referred to in this website are merely references to illustrations of asset allocations in general and are not personalized to your specific investment needs. Your individual investment holding(s) will not be actively monitored by Citibank Singapore Limited and Citibank Singapore Limited does not undertake to, and is not obliged to, undertake a review, manage or monitor your investment holding(s) or to track your investment holding(s).

Your individual investment holding(s) will not be actively monitored by Citibank Singapore Limited and Citibank Singapore Limited does not undertake to, and is not obliged to, undertake a review, manage or monitor your investment holding(s) or to track your investment holding(s).