Clients with minimum net worth of US$25 million Inherited wealth; Entrepreneurs; Senior Corporate Executives 26,000 clients globally including a quarter of the Forbes list of billionaires Over 6,000 clients in Asia Pacific and Middle East including half of Asia's billionaires

Holistic Wealth Management with an Investment Banking Touch

A trusted advisor offering objective advice in wealth structuring based on industry-leading research and investment insights from Citi Investment Research.

Unmatched product platform, leveraging the whole gamut of products and services from all Citi businesses.

Coupled with "open architecture", an institutionalised process to access "best-in-class" products from other providers. About 30%-60% of products in clients' discretionary managed portfolios could be non-proprietary.

Includes the soft aspects of wealth management - family advisory; philanthropy advisory; art advisory.

Clients have access to innovative and customised opportunities in private equity, hedge funds, real estate, managed futures and structured products that are not available to retail or mass affluent customers. In some cases, participating through a co-investment arrangement with Citi.

Client Service

A much smaller client-to-banker ratio compared to retail and mass affluent banking. (Average 25 clients per banker)

Team-based approach: Private banker is complemented with a team of financial experts including an investment finance specialist, a trust and estate planner, an investment counsellor, a portfolio strategist, a capital markets specialist, succession planning advisor, among others.

Privacy, Confidentiality, Transparency

A sharp contrast to the traditional Swiss-model where secrecy is the primary proposition.

As a modern private bank, we emphasise performance, value-added advice, global capability, and privacy and confidentiality, which are the driving business propositions. Our aim is to be the client's "global trusted advisor".

Investment Approach

"Discretionary model" where the bankers are empowered to put together a portfolio designed to the clients' risk-return profile.

"Consultative discretionary" where there is dialogue and consensus between the client and banker in the investment choices.

"Advisory approach" where clients are hands-on - they are in constant contact with specialists on the dealing floor to take advantage of trading opportunities instantly.

Suitability: clients are profiled by their risk-return appetite and recommended appropriate products and opportunities from various asset classes - cash and equivalents; fixed income securities; equities; hedge funds, and illiquid investments such as real estate and private equity.

Part of the Citi family - 6 continents; 96 countries; 128 currencies; 200 million customer accounts

Citi, since 1812. 104 years in Asia (since 1902) - China, Hong Kong, India, Japan, Philippines, Singapore. 51 years in Middle East (since 1955).

CPB - 100+ offices; 70+ cities; 30+ countries. We believe in building strong onshore wealth management capabilities, a demonstration of our commitment to develop locally denominated financial products and contributing also to the growth of the local financial services sector.

CPB has over 4,000 employees globally, with about 1,000 in the Asia Pacific & Middle East region Offices: Abu Dhabi, Bangkok, Bahrain, Dubai, Geneva, Hong Kong, Jakarta, Kuala Lumpur, London, Manila, Melbourne, Mumbai, New York, Seoul, Shanghai, Singapore, Sydney, Taipei.

Stability

Citi has more than $120 billion in equity capital and trust preferred securities. World's largest financial services organisation by market capitalisation (2005) - $250 billion. Citibank N.A. rated Aaa by Moody's, AA+ by Fitch, AA by Standard & Poors. Citi Total Assets (2005) - $1.5 trillion

Performance & Growth

CPB Global (2005): Revenue - $1.86 billion; Net Income - $373 million; AUM - $226 billion CPB Asia Pacific is 24% of CPB's global revenue

GWM Asia Pacific 2005 financials (GWM includes CPB and Citi Smith Barney): Net Income: $116 million; Revenue: $440 million; AUM: $70+ billion Between 1999-2005, double digit (10-15%) CAGR in revenue, net income and AUM terms CPB 2005 AUM per banker - approx $250 million

Leadership

Best Global Private Bank - Euromoney, July 06

"Wealth management has evolved rapidly over the past three years. Transparency, globalization and the growth of an entrepreneurial culture have led high net worth clients to demand a new type of private bank. Such a bank needs a global presence, innovative investment ideas and strong investment banking capabilities. While other wealth management firms have clung to services and products that differ from their competitors, Citi Private Bank stands out for having successfully and rapidly made the transition to the new era." - Euromoney July 06

Joint Best Private Bank in Asia - Asiamoney, June 06

Best Private Bank in the Middle East; Philippines; Taiwan; Thailand - Euromoney, January 06

Best Provider in 8 out of 10 investment-related categories - Euromoney, January 06

Innovation

Whole Net Worth Asset Allocation - A proprietary model that provides optimised allocations recommendations and includes virtually all asset classes available to sophisticated investors. Whole Net Worth assesses a portfolio's underlying risk by more accurately gauging the volatility in illiquid assets.

The Relationship Report - A fundamentally different approach that allows clients to view individual accounts or consolidated summaries of banking, brokerage, credit, custody and other investment accounts with the Private Bank. The Relationship Report can also display the connections among individual, family, business and trust accounts. (not available in all jurisdictions)

If you would like to discuss your investment needs further, please contact Citi Private Bank on +612 8225 4295 in Sydney, or +613 8643 9981 in Melbourne.

www.citibank.com.au/privatebank

The Citigroup Private Bank is a business of Citigroup Inc. ("Citigroup"), which provides its clients access to a broad array of products and services available through bank and non-bank affiliates of Citigroup. Not all products and services are provided by all affiliates or are available at all locations. In Australia, brokerage services may be provided by Citigroup Global Markets Australia Pty Ltd (AFSL No. 240992) ("CGM") and Citigroup Wealth Advisors Pty Ltd (AFSL No. 240813), Participants of the ASX Group, and in New Zealand by Citigroup Global Markets New Zealand Pty Limited, affiliates of Citibank N.A.. Outside Australia and New Zealand, brokerages services may be provided by other Citigroup affiliates. Citigroup Private Bank private bankers and relationship managers in Australia and New Zealand are representatives of Citigroup Pty Ltd, ABN 88 004 325 080 AFSL No 238098. If there is any doubt about the suitability of investments held in Citigroup Private Bank accounts, investors should contact The Citigroup Private Bank in Australia. Not all products and services are provided by all affiliates or available in all locations. Citigroup companies may compensate affiliates and their representatives for providing products and services to clients.© 2006 Citigroup. All rights reserved.