Press Release Change in Management of Citigroup Global Markets Japan Inc. Tokyo, December 17, 2014 – Citigroup Global Markets Japan Inc. and Citigroup Japan Holdings Corp. today announced the following change in management: New Appointment (effective January 1, 2015) [New] Citigroup Global Markets Japan Inc. Representative Director, President & CEO Luke Randell Citigroup Japan Holdings Corp. Non-executive Director [Current] Citigroup Global Markets Japan Inc. Director, Head of Markets and Securities Services [New] Citigroup Global Markets Japan Inc. Director and Chairman Shuntaro Higashi [Current] Citigroup Global Markets Japan Inc. Representative Director, Chairman, President & CEO Shuntaro Higashi continues to serve as Representative Director of Citigroup Japan Holdings Corp. ### Media Inquiry Citi, Corporate Affairs 03-6270-9848 [Appendix] Bio of Luke Randell as of December 17, 2014 [Appendix] Luke Randell Citigroup Global Markets Japan Inc. Representative Director, President & CEO Citigroup Japan Holdings Corp. Non-executive Director (Effective January 1, 2015) Mr. Luke Randell will assume the role of Representative Director, President & CEO of Citigroup Global Markets Japan Inc., effective January 1, 2015. Currently, Mr. Randell is Head of Markets and Securities Services of Citigroup Global Markets Japan Inc., a role he assumed in May 2012. In this role, Mr. Randell oversees the firm’s sales and trading activities across all Global Markets products in Japan, including equity and fixed income products, capital markets origination, as well as Citi Investment Research & Analysis. Before moving to Japan, Mr. Randell was Co-Head of Global Markets, as well as Head of Equities for Citi in Australia and New Zealand, a role he assumed in 2009. Prior to this, he was Head of Equity Derivatives for Europe, Middle East and Africa, based in London from 2005. Mr. Randell has 30 years’ experience in Capital Markets with responsibilities spanning Australia, Asia Pacific, Europe, Middle East and Africa. Mr. Randell joined Citi in 1991 through County NatWest (acquired by Citi in 1998) where he was a Director of Portfolio and Index Trading. From 1995 to 1998 he was Head of Equity Trading for Salomon Smith Barney/County NatWest in Australia and New Zealand, including activity in the Hong Kong and Japan markets. In 1998 Mr. Randell became Managing Director and Head of Equity Trading and Derivatives, a role he assumed until he was transferred to London in 2005. Mr. Randell holds a Business Degree from The University of Technology, Sydney and a Graduate Diploma in Financial Markets from Macquarie University. He is a registered Certified Practicing Accountant (CPA) in Australia.