Citi Capabilities Overview

October 2017

Strictly Private and Confidential

Citi Commercial Bank | Commercial Subsidiaries Group

United States

2

Table of Contents

1. Citi Commercial Bank Overview 1

2. U.S. Commercial Subsidiaries Group Overview 10

3. Treasury and Trade Solutions Overview and Trends 16

4. CitiFX

20

3

About Citi

Citi's mission is to serve as a trusted partner to our clients, responsibly providing financial services that

enable growth and economic progress. Our core activities are safeguarding assets, lending money,

making payments and accessing the capital markets on behalf of our clients. We have 200 years of

experience helping our clients meet the world's toughest challenges and embrace its greatest

opportunities. We are Citi, the global bank – an institution connecting millions of people across hundreds

of countries and cities.

Common Purpose

One team, with one goal:

serving our clients and

stakeholders.

Responsible Finance

Conduct that is transparent,

prudent and dependable.

Ingenuity

Enhancing our clients’ lives through

innovation that harnesses the

breadth and depth of our

information, global network, and

world-class products.

Leadership

Talented people with the best

training, who thrive in a diverse

meritocracy that demands

excellence, initiative and courage.

Serving 200 Million Customers

In 160 Countries & Jurisdictions

Over 200 Years of Experience

4

The Strength of Citi

Citigroup is a global diversified financial services holding company, whose businesses provide consumers,

corporations, governments and institutions with a broad range of financial products and services

Citigroup 2016 year-end key results:

Net income: $14.9 billion

Net revenue: $69.88 billion

Deposits: $929 billion

Tangible Book Value Per Share: $64.57

Basel III Common Equity Tier 1 Capital

Ratio, full implementation (advanced

approaches): 12.6%

Moody’s Credit Rating: Baa11

S&P Credit Rating: BBB+1

1. Senior Debt Ratings of Citigroup Inc. as of December 19, 2016.

All figures as or for the year ended December 31, 2016.

Source:

Citigroup Inc.’s Form 10-K for the period ended December 31, 2016

Over 200 years of banking experience, dating

back to 1812

Doing business in 160 countries and

jurisdictions and offering over 130 currencies

Approximately 219,000 full-time employees

working across around 100 countries

Around 200 million customer accounts globally

Capabilities recognized and ranked worldwide

in some of the industry's most prestigious

publications, client polls and surveys

Financial Strength Stability and Experience

5

About Citi Commercial Bank

Citi Commercial Bank helps businesses like yours prosper and grow in domestic markets, as well as

internationally, by providing the highest quality financial advice. Our deeply-experienced, dedicated

Relationship Management Teams leverage Citi’s world-class institutional platform to meet the needs of

mid-sized companies, while harnessing the power of Citi’s global network to provide connectivity around

the world.

Serving over 50 Thousand Clients

In 5 Global Regions

4,000 Dedicated Employees

6

Citi Commercial Bank - A Gateway to the Citi Franchise

7

Why Citi Commercial Bank Citi Commercial Bank’s distinctive approach puts our clients at the center of everything we do. By understanding

your industry and learning your business priorities, our Relationship Managers bring you insights to help you

succeed. With the full spectrum of Citi’s capabilities and access to our global network, we deliver tailored

solutions to meet your unique goals and objectives.

Insights • Provides actionable insights and ideas to help you

capitalize on opportunities and tackle your

challenges

• Our dedicated Relationship Management Teams

offer unparalleled industry knowledge and market

insights

Solutions • Award-winning, sophisticated solutions that help

mid-sized companies

• Our best-in-class solutions serve the needs of

clients regardless of size

Network • Connects local companies to global markets

• Provides local and global expertise to help you succeed

8

Best-in-Class, Sophisticated Capabilities Citi Commercial Bank is committed to helping businesses find solutions that will drive financial success. We

provide a full spectrum of sophisticated global solutions that help free time, reduce risk and support business

growth. Our award-winning platforms are designed to provide the visibility, transparency and control your

business needs to be competitive.

• Manage your

working capital

• Grow your

business

• Improve your

cash flow

• Transact in

foreign

currencies

• Manage your

personal

finances

• Improve

employee

retention

• Reduce your

risks

• Stabilize your

cash flows

• Manage your

trade flows

• Take your

business global

• Automate your

processes

• Reduce your

costs

Solutions tailored to

your needs include:

• Liquidity & Cash

Management

• Online Banking

• Lending

• Trade

• Markets

• Investment Banking &

Capital Markets

• Personal & Employee

Banking

9

Global Reach & Local Knowledge

CCB Physical Presence Citi Global Network*

Latin America Argentina

Bahamas

Brazil

Chile

Colombia

Costa Rica

Dominican Rep.

Ecuador

El Salvador

Guatemala

Haiti

Honduras

Jamaica

Panama

Paraguay

Peru

Puerto Rico

Trinidad & Tobago

Uruguay

Venezuela

North

America Canada

United States

Mexico Mexico

Europe Austria

Belgium

Bulgaria

Czech Rep

Denmark

Finland

France

Germany

Greece

Hungary

Ireland

Italy

Jersey

Kazakhstan

Luxembourg

Netherlands

Norway

Poland

Portugal

Romania

Russia

Slovakia

Spain

Sweden

Switzerland

Turkey

Ukraine

U.K.

Africa &

Middle East Algeria

Bahrain

Cameroon

Congo, D.R.

Egypt

Gabon

Ghana†

Iraq †

Israel

Ivory Coast

Jordan

Kenya

Kuwait

Lebanon

Morocco

Nigeria

Pakistan

Qatar

Senegal

South Africa

Tanzania

Tunisia

Uganda

U.A.E

Zambia

Asia Pacific Australia

Bangladesh

China

Hong Kong

India

Indonesia

Japan

Macau

Malaysia

N. Zealand

Philippines

Singapore

S. Korea

Sri Lanka

Taiwan

Thailand

Vietnam

*Accessibility to CCB clients subject

to minimums and other requirements

† Indicates representative office only

U.S. Commercial Subsidiaries Group

11

Commercial Subsidiaries Group – Who We Are Commercial Subsidiaries Group (CSG) is a component of the Global & National Industries Segment of the CCB.

Comprising of a worldwide network of Bankers, working with multinationals across Citi’s global footprint.

Loan Restructuring/ Interest

Rate Swap

Total Deal Size: $25MM

USA 2017

Cash Management

Deal Size: $800MM

USA 2017

Revolving Line of Credit

Deal Size: $10MM

USA 2017

The Team

Our Products & Network Our Clients

Our Expertise • 1 Director, 5 VP’s, and 1 Analyst

• Your dedicated team for One Stop Banking Solutions in US

• Strong partnerships with product and risk counterparts

• High connectivity and visibility with Parent Account

teams globally

• In-depth understanding of industry best practices and global clients’

evolving finance needs

• Expertise in Local Market Conditions and Business Cultures

• Grasp of Local Economic Trends, Change in local

Laws and Regulations

• Seamless and constant coordination with

Parent Banker Team, all tailored to offer

complete alignment with our clients’

finance/treasury organizations and needs

• Local, Regional Network Accountability

• Deliver tailored banking solutions, advice &

execution to multinational clients through our local

market expertise and seamless connectivity with product

partners and Parent Bankers

• Provide a full range of product offerings including Treasury & Trade

solutions, Global Loans, Foreign Exchange, Derivatives, Leveraged

Finance, Debt and Equity Capital markets.

• The CSG network spans across all 25 countries with CCB presence

• Subsidiaries of multinational companies

Notable Transactions

Korean Tech Company

Indian Manufacturing

Company

Korean Food Company

• Manage your

working capital

• Grow your

business

• Improve your

cash flow

• Transact in

foreign

currencies

• Manage your

personal

finances

• Improve

employee

retention

• Reduce your

risks

• Stabilize your

cash flows

• Manage your

trade flows

• Take your

business

global

• Automate

your

processes

• Reduce your

costs

12

CSG US Organization Structure

Aidar Kaliev Director

CSG Head, US

153 E 53RD STREET

New York NY- 10022

+1 (212) 559-0996

aidar1.kaliev@citi.com

Aidar Kaliev, Director (Team Leader)

Anthony Giovi, RM Raj Mathur, RM Maria Wang, RM Bobby Preza, RM

Rui Pinheiro, Analyst

Regional Coverage by RM

Maria Wang China/HK/Taiwan

Raj Mathur

India

Bobby Preza Mexico/Latam/Korea/Singapore

Anthony Giovi EMEA

Rui Pinheiro Supports RM for All Regions

13

CSG Coordination and Experience Citi offers a team-based global organization orchestrated by the Parent Banker Team, and by CSG’s local

bankers - all tailored to offer complete alignment with our clients’ finance/treasury organizations and needs.

Parent Banker

Team

Global Client

Parent Banker

(PAM)

Control Partners

Legal

Compliance

Risk Mgmt

Business Partners

CSG (SAM)

Treasury and Trade

Loans

Markets

Subsidiary Account

Manager A

Subsidiary Account

Manager B

Subsidiary Account

Manager C

Client Subsidiary A

Client Subsidiary B

Parent Bankers oriented by Geography and Industry act as a value-added gateway to the

Global Network, and to our product capabilities in TTS, Financing and Capital Markets. They

are:

– Our Partners with Client CFOs/Treasurers/International ATs

– Our Expert on the Company, its Global Strategy; understanding Client Issues, Needs and

Expectations

– Our Manager of Risk and Asset Productivity/Balance Sheet Allocations

– Our Orchestrator of Citi’s Global Network capabilities

Subsidiary Account Managers deliver local solutions, advice and execution, based on their

– Expertise in Local Market Conditions, Business Cultures

– Grasp of Economic Trends, Laws and Regulations

– Seamless and constant coordination with Parent Banker Team

– Local, Regional Network Accountability

Client Subsidiary C

14

CSG Coverage Structure

Commercial Subsidiaries Group

NA

Works with North American subsidiaries of our clients parented outside North America

Citi Commercial Bank

Home Country

Works with Commercial Bank Clients on their global operations

Risk

Cash Management

Trade

FX and Derivatives

Investments

Fixed Income

Equity

Investment Banking

SAM PAM

Product

Partners

15

CSG U.S. Product Suite

Leveraged Loans

Bridge Facilities

Securitization

Asset Based Loan

Revolving Credit Facility

Loan Structuring

Letters of Credit

Documentary Collections

Open Accounts

Payable/Receivable Finance

Dynamic Discounting Solutions

Export and Agency Finance

Transport and Logistics Finance

Supplier Finance

Trade Management

Global Custody

Depository Receipts

Global Clearing

Agency and Trust

Escrow

Securities Services

Corporate T&E and Meeting Cards

Commercial B2B Card Solutions

Virtual Cards

Corporate Cards

Global Cash Mgmt Bank

WorldLink/FX

Pooling/Netting

Liquidity Concentration

Investments

Disbursements / Collections

Treasury Outsourcing

Cash Management

M&A/Strategic Advisory

Structuring Advisory

M&A

Bonds/Convertibles

Liability Management

Commercial Paper

Asset Backed Security

Hybrids

Fixed Income

Advisory

Financing

Alternative Energy Projects

Project Finance

Hedging

FX

Derivatives (Fixed Income, Commodities,

Interest rates, Equity)

Treasury and Trade Solutions Overview and Trends

17

Macro Trends Citi’s treasury and trade services and tools are aligned with trends in North America.

18

Macro Trends We provide a full range of cash and trade services in the U.S. and Canada.

Data and

Analytics

Liquidity

Management

Receivables

Payments

Wholesale Cards

Trade

Services

Letters of Credit

Documentary Collections

Open Accounts

Payable/Receivable Finance

Dynamic Discounting Solutions

Export and Agency Finance

Transport and Logistics Finance

Corporate T&E and Meeting Cards

Commercial B2B Card Solutions

Prepaid Cards

Virtual Cards

Interest and non-interest-

bearing accounts

Target Balancing

Interest Optimization

Sweeps

Money Market Funds

Online Investments

Paper & Electronic Collections

Electronic Check Deposits

Electronic Invoice/Bill

Presentment and Payment

Electronic Payments

Foreign Exchange

Multi-Currency Payments

Payment Optimization Solutions

Digital Business to Consumer Payments Solutions

19

Deploying Cash Across the Liquidity Spectrum NA Liquidity Management Services offers a range of options for managing cash, matched to requirements around

risk, liquidity and yield, as well as operational needs.

1. Time Deposit yield varies significantly depending on the tenor of the investment

2. Source: AFP, Companies with Annual Revenue Over $1Bn

Deposit Solutions Summary

Bank Deposits remain the most popular choice of investments in the US, accounting for 53% of large corporate operating deposits2

Earnings Credit Rate (ECR) programs provide the best implied yield while maintaining daily liquidity

Minimum Maturity Time Deposits (MMTD) offers improved yield in exchange for liquidity restrictions

Puerto Rico Sweep accounts and Interest-Bearing Demand Deposit Accounts (IBDDA) are often paired with ECR using target balancing

methods to fully offset fees and earn hard dollar interest for remaining balances

Money Market Fund (MMF) investments are available via Citi’s Online Investments portal at market rates

Deposit

Yield

Operating Account

Non-Operating Account

Off-balance Sheet Investment

Legend

Money Market

Prime Funds Money Market Government

Funds

Interest Bearing

DDA

Puerto Rico

Sweep

Time Deposits1

Minimum Maturity

Time Deposit

ECR DDA

Balances

CitiFX

21

Introducing CitiFX Foreign Exchange | e-commerce | structuring | corporate solutions | research | analysis

Transactions speak louder than words

Across time zones, through developing and emerging

markets, global corporations draw on the expertise of our

staff of over 1,700 FX professionals in over 96 countries.

Via Citi’s global FX platform, our clients leverage our

unparalleled local markets expertise to manage their most

complex FX market risks.

At CitiFX, we continue to shape, develop and grow the

economies and infrastructures we have a decisive presence

in, driving solutions that give you the broadest possible

market access, with pricing in over 100 major and exotic

currencies. Offices in every major trading center position us

to capture the coverage that gives you unprecedented

market access to liquidity, 24 hours a day, 6 days a week.

Our product offering enables you to exploit the opportunities

that help you meet tomorrow’s challenges today:

Spot, forwards and swaps

FX fixing execution

Structuring for options and derivatives

Interest-rate derivatives, both short- and long-term

Commodities and commodity derivatives

FX-linked investment products

Deal-contingent structures

Here is a list of some of the tools of the trade we use to get

the job done for you. This introduction to our products and

services speaks for our ability to ultimately transact with your

best financial interests at heart.

CitiFX® e-Commerce

Trade volumes conducted electronically continue to expand across sectors and areas of

commerce. We draw on innovations that offer you unencumbered access, liquidity and STP

solutions.

CitiFX Pulse

Intelligent, user-intuitive and flexible, this state-of-the-art

online infrastructure enables you to conduct real-time FX

spot, forward and swap pricing in 250+ currency pairs, 24

hours a day. One of the most efficient online platforms on

the market offers you the best blend of local and global

pricing, CitiFX Pulse offers: streaming live rates for FX

spot and forwards, online orders, block trading, real-time

news, confirm and instruct and reporting functionality.

CitiFX® Benchmark

CitiFX Benchmark is an externally audited fixing of FX rates. There are 17 fixings over the

24-hour day, which are published on Reuters and Bloomberg (pages FXBENCH/FXBA).

Benchmark allows for the transparent and efficient processing of large batches of trades,

and provides internal control mechanisms.

CitiFX® Intelligent Orders

Our approach to execution is designed to minimise the market impact of large

flows reducing average transaction costs. This approach gives you complete

transparency over order execution, customisation and a comprehensive suite of

post-trade reports.

InstantFX

A bespoke guaranteed rates program designed to help customers monetize revenue

opportunities and decrease FX risks embedded within their cross-currency flows. Citi

provides dealable, wholesale exchange rates, guaranteed for a period of time, that can be

used to either furnish local currency pricing to end consumers or provide the structure for

a hedge overlay program.

IRS Circular 230 Disclosure: Citigroup Inc. and its affiliates do not provide tax or legal advice. Any discussion of tax matters in these materials (i) is not intended or written to be used, and cannot be used or relied upon, by

you for the purpose of avoiding any tax penalties and (ii) may have been written in connection with the "promotion or marketing" of any transaction contemplated hereby ("Transaction"). Accordingly, you should seek advice

based on your particular circumstances from an independent tax advisor.

In any instance where distribution of this communication is subject to the rules of the US Commodity Futures Trading Commission ("CFTC"), this communication constitutes an invitation to consider entering into a derivatives

transaction under U.S. CFTC Regulations §§ 1.71 and 23.605, where applicable, but is not a binding offer to buy/sell any financial instrument.

Any terms set forth herein are intended for discussion purposes only and are subject to the final terms as set forth in separate definitive written agreements. This presentation is not a commitment to lend, syndicate a financing, underwrite or

purchase securities, or commit capital nor does it obligate us to enter into such a commitment, nor are we acting as a fiduciary to you. By accepting this presentation, subject to applicable law or regulation, you agree to keep confidential the

information contained herein and the existence of and proposed terms for any Transaction.

Prior to entering into any Transaction, you should determine, without reliance upon us or our affiliates, the economic risks and merits (and independently determine that you are able to assume these risks) as well as the legal, tax and accounting

characterizations and consequences of any such Transaction. In this regard, by accepting this presentation, you acknowledge that (a) we are not in the business of providing (and you are not relying on us for) legal, tax or accounting advice, (b)

there may be legal, tax or accounting risks associated with any Transaction, (c) you should receive (and rely on) separate and qualified legal, tax and accounting advice and (d) you should apprise senior management in your organization as to

such legal, tax and accounting advice (and any risks associated with any Transaction) and our disclaimer as to these matters. By acceptance of these materials, you and we hereby agree that from the commencement of discussions with

respect to any Transaction, and notwithstanding any other provision in this presentation, we hereby confirm that no participant in any Transaction shall be limited from disclosing the U.S. tax treatment or U.S. tax structure of such Transaction.

We are required to obtain, verify and record certain information that identifies each entity that enters into a formal business relationship with us. We will ask for your complete name, street address, and taxpayer ID number. We may also

request corporate formation documents, or other forms of identification, to verify information provided.

Any prices or levels contained herein are preliminary and indicative only and do not represent bids or offers. These indications are provided solely for your information and consideration, are subject to change at any time without notice and are

not intended as a solicitation with respect to the purchase or sale of any instrument. The information contained in this presentation may include results of analyses from a quantitative model which represent potential future events that may or

may not be realized, and is not a complete analysis of every material fact representing any product. Any estimates included herein constitute our judgment as of the date hereof and are subject to change without any notice. We and/or our

affiliates may make a market in these instruments for our customers and for our own account. Accordingly, we may have a position in any such instrument at any time.

Although this material may contain publicly available information about Citi corporate bond research, fixed income strategy or economic and market analysis, Citi policy (i) prohibits employees from offering, directly or indirectly, a favorable or

negative research opinion or offering to change an opinion as consideration or inducement for the receipt of business or for compensation; and (ii) prohibits analysts from being compensated for specific recommendations or views contained in

research reports. So as to reduce the potential for conflicts of interest, as well as to reduce any appearance of conflicts of interest, Citi has enacted policies and procedures designed to limit communications between its investment banking and

research personnel to specifically prescribed circumstances.

© 2016 Citibank, N.A. All rights reserved. Citi and Citi and Arc Design are trademarks and service marks of Citigroup Inc. or its affiliates and are used and registered throughout the world.