Citigroup Global Markets Inc. Announces Extension of Its Tender Offer for Any and All of Pro Rata’s Preferred Shares

Sep 16, 2011, 9:00am

Citigroup Global Markets Inc. (“Citi”) announced today the extension of the previously announced tender offer (the “Offer”) to purchase any and all of the outstanding 33,000 Preferred Shares, par value U.S. $0.01 per share (the “Preferred Shares”) issued by Pro Rata Funding Ltd., an exempted company incorporated with limited liability under the laws of the Cayman Islands (the “Issuer”) to 11:59 p.m. New York City Time on September 16, 2011. Accordingly, all holders of Preferred Shares that are validly tendered at or prior to 11:59 p.m. New York City Time on September 16, 2011, unless extended or earlier terminated (such date and time, the Expiration Time), and that are accepted for purchase pursuant to the Offer will receive the applicable tender offer consideration.

Withdrawal rights in connection with the Offer expired at the Withdrawal Deadline, which was 11:59 p.m. New York City Time on September 14, 2011. Tendered Preferred Shares, whether submitted prior or subsequent to such time, may not be withdrawn.

The Offer is being made upon and subject to the terms and conditions set forth in the Offer to Purchase dated August 17, 2011.

Additional Information

Global Bondholder Services Corporation is the Information Agent and Depositary for the Offer. Questions regarding the Offer should be directed to Citi, attention John Clements, Managing Director, Structured Credit Group at (212) 723-6173 (collect). Requests for documentation should be directed to Global Bondholder Services Corporation at (212) 430-3774 (for banks and brokers only) or (866) 294-2200 (for all others toll-free). This announcement is for informational purposes only. This announcement is not an offer to purchase or a solicitation of an offer to purchase with respect to any Preferred Shares. The Offer was made solely pursuant to the Offer to Purchase and related documents. The Offer was not made to holders of Preferred Shares in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides 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, transaction services, and wealth management.