UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) March 2, 2005 --------------------------- Citigroup Inc. -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-9924 52-1568099 --------------- ----------- ------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 399 Park Avenue, New York, New York 10043 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (212) 559-1000 -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Citigroup Inc. Current Report on Form 8-K Item 8.01 Other Events. On March 2, 2005, Citigroup Inc. issued a press release announcing it has settled class action litigation brought on behalf of purchasers of Global Crossing securities. A copy of the above-referenced press release is being filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference in its entirety. Item 9.01 Financial Statements and Exhibits. (c) Exhibits Exhibit Number -------------- 99.1 Press Release, dated March 2, 2005, issued by Citigroup Inc.

SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: March 2, 2005 CITIGROUP INC. By: /s/ Michael S. Helfer ------------------------ Name: Michael S. Helfer Title: General Counsel and Corporate Secretary

EXHIBIT INDEX Exhibit Number -------------- 99.1 Press Release, dated March 2, 2005, issued by Citigroup Inc.

Exhibit 99.1 [CITIGROUP LOGO] For immediate release Citigroup Inc. (NYSE symbol: C) March 2, 2005 Citigroup Reaches Settlement on Global Crossing Class Action Litigation for $75 Million New York, New York - Citigroup today announced it has settled class action litigation brought on behalf of purchasers of Global Crossing securities which was pending in the United States District Court for the Southern District of New York as In re Global Crossing Ltd. Securities Litigation, No. 02 Civ. 910 (GEL). Under the terms of the settlement, Citigroup will make a payment of $75 million pre-tax, approximately $46 million after tax, to the settlement class, which consists of all investors in publicly traded securities of Global Crossing or Asia Global Crossing during the period from February 1, 1999, through and including December 8, 2003. The plaintiffs currently contemplate allocating two-thirds of the settlement amount to investors in underwritten public offerings of Global Crossing securities and one third to other investors in Global Crossing securities; the terms of the settlement and the final plan of allocation will be subject to review by the Court. Plaintiffs' attorneys' fees will be determined by the Court and paid out of the settlement amount. In the settlement agreement, Citigroup specifically denied any violation of law and stated that it was entering into the settlement "solely to eliminate the uncertainties, burden and expense of further protracted litigation." The settlement payment is covered by existing reserves and is part of Citigroup's effort to resolve open litigation issues promptly and fairly whenever possible. # # # Media: Leah Johnson (212) 559-9446 Shannon Bell (212) 793-6206 Investors: Arthur Tildesley (212) 559-2718 John Randel (212) 559- 5091 Citigroup (NYSE: C), 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, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Travelers Life and Annuity. Additional information may be found at www.citigroup.com. -----------------