A Mission of Enabling Growth & Economic Progress Our Company

● Corporate Profile

● Mission and Value Proposition

● Citi in Japan

● History Corporate Profile Mission and Value Proposition

Citi, the leading global bank, has approximately 200 Citi's mission is to serve as a trusted partner to our clients by responsibly providing that enable growth and economic progress. Our core activities are million customer accounts and does business in more than safeguarding assets, lending money, making payments and accessing the capital 160 countries and jurisdictions. Citi provides consumers, markets on behalf of our clients. We have 200 years of experience helping our clients , governments and institutions with a broad meet the world's toughest challenges and embrace its greatest opportunities. We are range of financial products and services, including Citi, the global bank̶an institution connecting millions of people across hundreds of countries and cities. consumer banking and credit, corporate and investment

banking, securities brokerage, transaction services, and We protect people's savings and help them make the purchases̶from everyday wealth management. transactions to buying a home̶that improve the quality of their lives. We advise people on how to invest for future needs, such as their children’s education and their own retirement, and help them buy securities such as and bonds.

We work with companies to optimize their daily operations, whether they need working capital, to make payroll or export their goods overseas. By lending to companies large and small, we help them grow, creating jobs and real economic value at home and in communities around the world. We provide financing and support to governments at all levels, so they can build sustainable infrastructure, such as housing, transportation, schools and other vital public works.

These capabilities create an obligation to act responsibly, do everything possible to create the best outcomes, and prudently manage risk. If we fall short, we will take decisive action and learn from our experience.

We strive to earn and maintain the public’s trust by constantly adhering to the highest ethical standards. We ask our colleagues to ensure that their decisions pass three tests: they are in our clients' interests, create economic value, and are always systemically responsible. When we do these things well, we make a positive financial and social impact in the communities we serve and show what a global bank can do. Citi in Japan

Citi’s client base in Japan includes governmental institutions, financial institutions, multinational corporations and institutional investors. Citi has a long and proud history of serving these clients across a broad range of products, including corporate and , markets and securities services, capital markets origination, treasury and trade solutions, and research. We aim to deliver highly innovative products and services through an unrivalled global network to support the growth of our clients.

Comprehensive financial services for institutional clients

Citi’s main focus in Japan is on its corporate and institutional businesses, including Corporate and Investment Banking, Markets and Securities Services (sales, trading, and research across rates, FX, equities and credit markets), Capital Markets Origination (ECM and DCM), and Treasury and Trade Solutions (cash management and trade finance). Our corporate banking and treasury and trade solutions businesses are among the largest of all foreign banks operating in Japan.

Deep and trusted client relationships Citi serves top-tier Japanese multinationals, financial institutions, institutional investors and public sector entities, as well as foreign multinationals and global investors that operate or invest in Japan. The depth of our relationships with institutional Japanese clients, which in some cases date back more than 60 years, gives Citi “main foreign bank” status that differentiates it from foreign competitors.

Global network supports multinational clients

Citi’s key competitive strength is a global banking franchise that is unmatched by 's first branch opened in Yokohama on October 8, 1902 other financial institutions. Our Japan Desk Network serves Japanese multinational clients in more than 12 countries. Citi is ideally positioned to help Japanese clients build their offshore operations and pursue acquisitions or diversify investment portfolios overseas. The connectivity we provide is an important asset for Japanese clients with global aspirations.

Presence in Okinawa for more than 15 years Citi commenced operations in Naha in 1999 and has established deep ties with the Being the Best for Our Clients Okinawan community. Okinawa is the base for several of Citi’s financial business divisions, including Operations and Technology. Citi intends to further strengthen its presence in Okinawa and will continue to actively recruit local residents. History

Founded in 1812, Citi has been providing financial services to clients for more than 200 years, first in and now across the world. Today Citi is a truly global financial services company with 200 million client accounts and operations in more than 160 countries and jurisdictions. Citi started operations in Japan in 1902, when it opened a branch in Yokohama, and is proud of its long history in and commitment to Japan.

1812 City Bank of New York established

1902 International Banking , later acquired by City Bank, establishes a presence in Japan with a branch in Yokohama

1972 Smith Barney opens a representative office in Tokyo

1974 First National City Corporation is renamed Citicorp

1976 First National City Bank becomes Citibank, N.A.

1980 Smith Barney opens a branch in Tokyo opens a representative office in Tokyo

1982 Salomon Brothers opens a branch in Tokyo

1997 Salomon merges with Smith Barney to form Salomon Smith Barney

1998 Name changed to following a merger of Citicorp and Travelers Group, which includes Salomon Smith Barney

2012 Citi celebrates its 200th anniversary and its 110th anniversary in Japan

2016 Citi expands its global Japan Desk Network with the opening of new desks in Vietnam and Mexico Staff of the Yokohama Branch, 1919 A Long and Proud History Our Business in Japan

● Business Overview

● Banking, Capital Markets and Advisory Corporate Banking Investment Banking Capital Markets Origination

● Markets and Securities Services Products Equities Investor Services

● Treasury and Trade Solutions Cash Management Services Trade Services

● Research Business Overview

Citi is known for its commitment to its corporate and institutional businesses in Japan, including Corporate Banking, Investment Banking, Markets and Securities Services, Capital Markets Origination, and Treasury and Trade Solutions. An Unmatched Global Footprint and Diverse Range of Financial Products

Banking, Capital Markets and Advisory

Citi’s Banking, Capital Markets and Advisory division Manager and Subsidiary Account Manager. We serve individual sectors. We provide timely insight and whether measured by innovation or proceeds raised, provides comprehensive relationship coverage and a major Japanese corporates as well as the Japanese appropriate advice on industry and market trends in and has distinguished Citi as the clear choice for full suite of products and services in an effort to be subsidiaries of global companies. With a broad collaboration with overseas Citi bankers, supporting debt underwriting, with excellence across a broad the best possible financial partner to its institutional service menu, Citi is able to deliver innovative, the planning and execution of client strategies. range of currencies and markets. clients. value-added solutions to clients. Strong Performance, Proven Results Depth and Breadth of Distribution Network Citi leverages the breadth of its unmatched global In with Citi’s Investment Banking, Able to harness Citi's global network and In equity capital markets, Citi has consistently network to meet clients’ debt capital raising needs Capital Markets Origination, Treasury & Trade exceptional marketing abilities, Citi in Japan is innovated and delivered equity and equity-linked and to provide merger and acquisition and Solutions and Markets & Securities Services perfectly positioned to deliver superior advice when solutions tailored to our clients' needs. Our equity-related strategic financing solutions. From specialists - deliver corporate banking and finance executing deals. Citi has achieved outstanding structuring, valuation, and placement capabilities inaugural issuances and exchanges to cross-border services to global, regional and local clients. business results in many areas in Japan, including enable us to serve corporate, government, and transactions and first-of-their-kind landmark Citi has established Japan Desks in 12 countries to fixed income, equity underwriting, and M&A, and clients in financing acquisitions and structures, our track record of successfully meet the needs of Japanese multinational clients. consistently ranks among the top foreign investment capital expenditures, managing liabilities, executing transactions in both buoyant and The coverage of Japan Desks extends to clients in banks in various league tables. monetizing assets, and hedging exposures. Our challenging market conditions is a testament to neighboring countries and jurisdictions, further platform is truly global in terms of both knowledge Citi’s unwavering commitment to provide the enhancing the competitiveness of our global banking Capital Markets Origination exchange and distribution leverage, and this enables highest quality service to clients. By serving these franchise. Citi’s Capital Markets Origination business is us to provide issuers well balanced and trusted companies, we help them grow, creating jobs and focused on the capital-raising needs of our advice. In the debt space, activity in economic value at home and in communities Investment Banking institutional clients, from inaugural issuances and Citi's distribution channels has increased, even amid worldwide. Specialized Services Designed to Meet Diverse exchanges to cross-border transactions and first-of unprecedented global market conditions. We remain Client Needs their-kind landmark structures. strong in multiple categories of domestic straight Corporate Banking Citi’s Investment Banking team is comprised of Owing to our unmatched global footprint and diverse origination, and we are a leader in the market Corporate Banking is based in Tokyo and Osaka and experienced coverage bankers who specialize in range of financial products, Citi aims to be the first for Samurai and EuroYen issuance. provides a variety of services to corporate clients specific sectors and partner closely with our highly choice among issuers for clients’ underwriting Global Footprint and financial institutions and their affiliates qualified product specialists, who focus on providing needs. Citi’s track record of successfully executing The Japan Capital Markets Origination business operating in Japan and overseas. Citi is a leading solutions in advisory (M&A), fixed income and equity in both buoyant and challenging market conditions is works closely with our global partners in the provider of financial services to top-tier global financing. This expertise gives us the ability to a testament to our unwavering commitment to Americas, Europe/Middle East/Africa, and Asia clients, both at the head office and subsidiary level provide clients with comprehensive and accurate provide the highest quality service to clients. Citi’s Pacific to provide clients with high quality advice, with unique global relationship coverage in linkage advice based on a thorough understanding of the structuring and execution expertise has established innovative solutions, and the best possible among Parent Account Manager, Regional Account business environment and characteristics of the firm as a leader in the equity capital markets, execution, globally and locally. Meeting Customer Needs Worldwide

Markets and Securities Services

Citi’s Markets and Securities Services business bonds (fiscal institution and loan program bonds), Fixed Income teams can draw on our exceptional clients’ increasingly demanding requirements with provides world-class financial products and regional government bonds, and corporate bonds. resources to respond to the diverse needs of an array of high-quality products, timely services as diverse as the needs of the thousands We also actively develop and market new financial financial institutions and corporations in Japan information, proven trading and risk management of corporations, institutions, governments and products. Examples include hybrid products that and abroad. capabilities, and access to customer channels both investors that Citi serves. Citi works to enrich the combine multiple asset classes (foreign exchange, Highly Regarded Research and Trading Services in Japan and overseas. relationships, products and technology that define equities, commodities, etc.) and financial Citi’s research services are regarded as among the Financial Services and Distribution its market-making presence. The breadth, depth instruments (interest rates). Other products best on , and include such benchmarks We work closely with Citi Research and other partners and strength of Citi’s , include structured finance (securitized paper, etc.) as the World Government Bonds Index and World to offer global financial services to institutional distribution and research capabilities span a broad and credit default swaps. BIG Index. Customers value the research reports clients ranging from domestic and overseas trust range of asset classes, currencies, sectors and Citi has foreign exchange trading operations in and index data provided through ‘Citi VelocitySM’ banks to life and non-life insurance companies, products including equities, commodities, credit, more than 90 countries and is the world’s largest and Yield Book. unit trusts, investment advisory companies, hedge futures, foreign exchange (FX), emerging markets, foreign exchange trading financial institution Our sales and trading divisions have achieved funds, corporations and governments. G10 rates, municipals, prime finance and (market share, based on Euromoney surveys). excellent results and established a leading We provide extremely competitive business securitized markets. Our Investor Services and Citi’s foreign exchange desk in Japan provides position within the industry. Citi has been opportunities in equities markets, through both Direct Custody and Clearing businesses provide currency and derivative trading services, not only recognized as the ‘Best foreign bonds dealer in our domestic channel and Citi’s global client customized solutions that support the diverse for major currencies but also emerging market Japan’ by the independent rating organization for channel. This is a capability unique to Citi in Japan. investment and transaction strategies of investors currencies. In addition to delivering real-time more than 10 consecutive years. and intermediaries worldwide. The Citi VelocitySM information, Citi offers clients risk management Investor Services platform delivers electronic access to Citi’s global advice and support for overseas assets and Equities Citi's Investor Services offers institutional footprint and real-time information, giving clients foreign exchange trading. Also, in cooperation with Cutting Edge and Value-Added Services Utilizing investors prime brokerage, clearing, collateral unprecedented access to capital markets Corporate and Investment Banking, Citi’s foreign Our Global Network management, custody, and funds services. intelligence and services across all product lines. exchange operations are able to meet a broad Our cutting edge and value-added equities-related Investors are increasingly demanding one-stop range of domestic and foreign fund management financial services include listed and solutions and easier access to global markets. Our Fixed Income Products and procurement needs. over-the-counter (OTC) equities, convertible bonds mission at Investor Services is to offer trading State-of-the-Art Financial Products and Services Answering Customer Needs Worldwide (CBs), derivatives, structured products, prime platforms and market access in a timely and Fixed income desks leverage our worldwide We have the unparalleled advantage of being able brokerage, securities financing, on-line trading in integrated manner to investors who wish to invest network to deliver services and financial products to connect Japanese customers and financial Japanese and overseas markets, equity research, in Japan and globally. that meet our customers’ diverse requirements. markets with overseas customers and markets and investor relations (IR). Rapidly changing Changing financial regulations are creating new areas We deal with conventional domestic and overseas through Citi’s global network, which has financial markets and a fluctuating business where we help our clients, including OTC derivatives, bonds and their derivatives, bonds issued or world-class product development and trading environment mean that our clients constantly face clearing, collateral management, and custody. guaranteed by the Japanese government, zaito capabilities as well as extensive local knowledge. new challenges and opportunities. Citi meets Delivering a Seamless End-to-End Client Experience

Treasury and Trade Solutions

Citi’s Treasury and Trade Solutions (TTS) business through the development of its capabilities, client establishing interfaces between the client's provides integrated cash management and trade advocacy, network management and service treasury system and Citi's payment systems. finance services to multinational corporations, delivery across the entire organization. financial institutions and public sector Trade Services organizations across the globe. With the industry’s Cash Management Services The Trade Finance and Services business provides most comprehensive suite of digital-enabled Citi is an industry leader in cash management simple and quick web-based supplier financing platforms, tools and analytics, TTS leads the way solutions, offering a wide range of innovative services for purchases in Japan and in foreign in delivering innovative and tailored solutions to financial solutions via a global infrastructure that countries. Our risk-hedge solutions help clients our clients. Offerings include payments, has connections to more than 200 cash clearing effectively manage their export risk and supply receivables, liquidity management and investment systems. Our extensive network of qualified chains. In addition to traditional financial support services, working capital solutions, commercial banking professionals provides a combination of for exports and investments from Japan, our card programs and trade finance. local knowledge and global expertise to help meet Export & Agency Finance Unit has started to Based on the belief that client experience is the clients' strategic business goals. provide medium and long-term loans for overseas driver of sustainable differentiation, TTS has Citi's portfolio of global cash management Japanese subsidiaries that export to emerging focused its efforts on transforming its business to products offers tailored solutions that help markets and for agricultural commodities deliver a seamless, end-to-end client experience manage collection and payment processes by imported to Japan. Delivering the Highest Quality Insights

Research

Citi Research’s footprint encompasses over 1,000 professionals in the world’s major markets. Citi Research has 50 economists and 85 product-specific strategists and quants analysts, as well as around 300 fundamental analysts covering roughly 3,500 stocks in nearly 70 countries. Citi Research focuses on delivering the highest quality company, sector, economic and geographic insights to our clients globally. The unit includes equity and fixed income research, economic and market analysis and product-specific analysis to help individual and institutional clients navigate a complex global marketplace. Citi Research is committed to maintaining the highest level of independence and objectivity in its proprietary products and insights. Citi Research in Japan traces its roots to Salomon Brothers, Smith Barney, and the Nikko Research Center. Citi Research is one of Japan’s leading research teams and performs consistently well in various local and international research polls. Citizenship

● What We Do in Japan

● Diversity

● Sustainability Contributing to Local Communities What we do in Japan

Community Development friends participated in volunteer events held low-income parents in Okinawa. The program includes classroom lectures at the Citi values its relationship with the communities in across the country. We also track how our projects The learning sessions are taught by local financial facility and practical employability training outside which it operates. We help make our communities are helping advance the United Nation's experts who have a good understanding of issues the facility to help participants acquire knowledge stronger, provide opportunities to those who need Sustainable Development Goals. in Okinawa, and cover themes ranging from and skills that will heighten their employment support, protect our environment and celebrate household budget planning and saving to social opportunities. The training is free of charge for diversity. We provide financial support to worthy The Citi Foundation insurance and public assistance programs, all participants. The program provides a free local causes, and organize various volunteer The Citi Foundation works to promote economic designed to help participants better manage their transportation service for people who otherwise activities to enable employee participation. progress and improve the lives of people in finances. Participation, textbooks, childcare could not attend and free childcare service for low-income communities around the world. We services and lunch are provided free of charge for single parents while they take classes. Global Community Day invest in efforts that increase financial inclusion participants. Citi employees are actively engaged Global Community Day is a long-running tradition and catalyze job opportunities for youth. Our as volunteers in supporting the delivery of the Financial and Economic Education for that gives Citi colleagues around the world an "More than Philanthropy" approach leverages the program activities. High School Students opportunity to contribute to their communities expertise of Citi and its people to fulfill our As a leading financial institution, Citi views the through volunteer activities. mission. In Japan, we are managing the following Youth Employability Support Center promotion of financial literacy as an important Since the inaugural Global Community Day in programs. Citi manages "City Support Center", a community corporate responsibility. The Citi Foundation 2006, Citi volunteers have contributed nearly four support program aimed at providing employability supports "Economics Koshien", a quiz tournament million hours of service to Global Community Day The Financial Literacy Sessions for skills to young people in Okinawa. The program designed to provide high school students an projects in hundreds of cities. In 2018, more than Young Parents provides employability and soft skills training for opportunity to learn about the economy and 100,000 Citi volunteers took part in a wide range Citi sponsors a financial literacy program called people aged 15 to 29 who are unemployed or finance. With our support, the tournament has of service activities in 450 cities across 90 "Life Skills and Money Management for Young employed in low-income jobs. A facility with a grown into a prominent annual event in Japan. It countries and territories to make a social Parents". The program is comprised of a series of full-time staff in Naha City helps young people find began with less than 100 students in 2006 and contribution to the local communities. In Japan, learning sessions designed to strengthen the worthwhile employment and become economically now attracts more than 2,000 students from more than 850 employees and their family and financial capability of young, mostly female, independent. across Asia. Diversity

We view diversity as a source of strength. Creating Citi is strongly committed to promoting workplace diversity in Japan in terms of gender, LGBT, and disability. a work environment in which differences are respected and all employees are able to fully Women employees’ understanding of the lesbian, gay, professionals and provides them with demonstrate their talents is therefore a priority. Citi is continuing with efforts to increase the bisexual, and transgender (LGBT) community. In opportunities to play meaningful roles in the We are proud that our workplace in Japan is highly number of female executives in Japan and addition to exchanging information with other workplace. We host events to improve our diverse and dynamic, with people from more than globally. Also, we are aiming to further improve industry firms and joining networking groups, we employees’ understanding of various disabilities 35 countries working together to maximize their the work-life balance of female employees through actively participate in community events that as well as the employment market for people with potential. initiatives and programs ranging from work promote LGBT recognition, such as Tokyo Rainbow disabilities, the issues they face in the workplace guidelines to childbirth, childcare, and nursing Pride. Also, we create opportunities for employees and the support they require. Also, we cooperate Citi in Japan has employees from the benefits. Every year on International Women’s Day, to deepen their understanding about LGBT by with external organizations to organize events and following countries: Citi holds events to raise awareness of gender inviting leaders in the LGBT community to speak functions that enhance mutual understanding and diversity in the company. at internal seminars. friendship among all employees, with or without Japan Taiwan disabilities, including sign-language sessions or Bangladesh Singapore Pride (LGBT) Disability sports events. Many of our employees actively South Africa Germany In Japan, we are committed to enhancing our Citi actively hires people with disabilities as participate in these events. Bulgaria Sri Lanka Venezuela Nigeria Dominica Vietnam United Kingdom Brazil Russia France Canada Colombia Thai Korea, Republic of Malaysia Ireland Turkey Hungary Philippines Mongolia Cambodia Tunisia Australia India Hong Kong China Argentina New Zealand Spain Pakistan

From 37 Countries around the World Sustainability

Society is facing the interconnected challenges of company and for future generations. We are largest commercial buildings in by across the country. climate change, rapid urbanization and rising working to achieve more sustainable growth by 30 percent in 10 years. One example is our annual Global Community Day. wealth inequality. As one of the world's leading setting an example as an industry leader, Responsible business practices are not only the Every year, more than 100,000 Citi volunteers in financial services companies, Citi addresses these partnering with our clients, and leveraging our backbone of our company's success, but more than 450 cities across 90 countries and complex challenges by working to incorporate global workforce. We look for solutions that are imperative to protecting the broader financial territories take part in service activities in their sustainability principles into our core finance and client-centered, scalable, and have the potential system and the communities in which we live and local communities. Citi employees and their family investment activities. for global impact. work. A corporate culture grounded in ethics and and friends participate more than 1,400 projects Our sustainability activities are organized under integrity and a diverse, skilled workforce that are helping address a range of community three primary pillars: Environmental Finance; Some of the initiatives include a $100 billion committed to serving our clients are indispensable needs. In 2018, for the first time, we are tracking Environmental and Social Risk Management; and commitment to finance sustainable growth. Citi is to responsibility. Whether we are protecting our how the projects advance the Sustainable Operations and Supply Chain. Our work across seeking LEED Platinum certification for the clients' privacy, respecting human rights, engaging Development Goals (SDGs) adopted by the United these pillars is interrelated, and we look for headquarters building renovation in 2017 to with our suppliers or assessing and addressing the Nations. We are quite active in Japan as well, innovative ways to drive cross-functional progress. further demonstrate its commitment to environmental and social risks of the projects we especially around Tokyo, Osaka and Okinawa, Stakeholder engagement and reporting have long environmental sustainability and the well-being of finance, our goal is always to earn our clients' where our offices are located. Citi employees been central to our sustainability efforts, and we colleagues and neighbors. The renovated trust through responsible, ethical practices. participated in various volunteer activities and will continue to emphasize transparency and good headquarters building will include sustainable events, including a coastal or river cleanup to relationships with clients, suppliers, employees features such as co-generation, smart lighting, What We Do in Japan improve the environment and enhance and other stakeholders as the foundation of our improved air quality and enhanced water We actively encourage employees to achieve our sustainability. Also, Citi is actively involved in sustainability strategy. conservation. Also, Citi participates in the New environmental sustainability objectives in Japan. forest conservation in Japan through work with Citi's mission is to contribute to economic York City Carbon Challenge, a partnership We work with employees to make our facilities and NPOs. Activities include promoting the effective development, environmental conservation, and between the NYC Mayor’s Office and leaders in the communities more environment-friendly through use of timber from forest thinning and removing social development and we seek to conduct private, institutional, and non-profit sectors to everyday work practices, and help preserve nature bamboo that could be destructive to the forest. business in a way that creates value for our reduce greenhouse gas emissions in many of the in Japan through various volunteer-led programs

Creating the Future We Want Legal Entities in Japan

Citigroup Global Markets Japan Inc. Okinawa Office Citibank, N.A., Tokyo Branch 3-25-1 Maejima, Naha City, Okinawa, Citigroup Japan Holdings G.K. Japan 900-0016 Otemachi Park Building, 1-1-1 Otemachi, Chiyoda-ku, Tokyo 100-8132

Citigroup Services Japan Ltd. CFJ G.K.

Shinjuku Eastside Square, 6-27-30 Shinjuku, Shinjuku-ku, Tokyo 160-8812

As of November 2018