组成该系列的股份数量和该系列的独特名称；

EX-3.1 2 citi-exh31x9302024.htm EX-3.1 组成该系列的股份数量和该系列的独特名称；

除法律规定的表决权外，该系列赛是否还应拥有表决权，如果有，这种表决权的条款；

该系列的股份是否可赎回，如可赎回，则赎回的条款及条件，包括如要赎回的股份少于全部股份，则选择赎回股份的方式、可赎回股份的日期或之后，以及赎回时每股须支付的款额，而该等款额可因不同情况及在不同的赎回日期而有所不同；

该系列是否应有用于赎回或购买该系列股份的偿债基金，如有，则该偿债基金的条款和数额；

在公司或任何附属公司发行任何额外股票(包括该系列或任何其他系列的额外股份)时，以及在公司或任何附属公司购买、赎回或以其他方式取得公司任何已发行股票的股息或作出其他分派时，公司或任何附属公司产生债务的条件和限制的利益的权利；

(Viii)在公司自动或非自愿清盘、解散或清盘时，该系列股份的权利，以及优先支付该系列股份的相对权利(如有的话)；及

该系列的任何其他亲属、参与、任选或其他特殊权利、资格、限制或限制。

优先股已发行股票的股息应在支付或宣布任何股息并预留用于支付普通股流通股之前支付或宣布并留作支付。任何优先股系列的股份，如已赎回(不论是透过运作偿债基金或以其他方式赎回)，或如可转换或可交换，则已转换或交换为任何其他一个或多个类别的股票，应具有同一系列优先股的认可股份及未发行股份的地位，并可作为其原来所属系列的一部分重新发行，或可重新分类及重新发行，作为将藉一项或多项董事会决议而设立的新的优先股系列的一部分，或作为任何其他优先股系列的一部分，均须受董事会就发行任何系列优先股作出的一项或多项决议所载的条件及发行限制所规限。

美国、德国、法国、印度和印度。

除适用法律另有规定或发行任何系列优先股的一项或多项决议另有规定外，普通股流通股持有人在董事选举和所有其他目的方面应独有投票权；每名普通股记录持有人有权就公司账簿上以其名义登记的每一股普通股享有一票投票权；但除法律另有要求外，普通股持有人无权就本公司注册证书(包括本条第(B)节或第(J)节第四节所考虑或授权的与优先股股份有关的任何证书)的任何修订进行表决，而该修订仅与一个或多个已发行优先股系列的条款有关，但受影响系列的持有人有权单独或作为一个类别与一个或多个其他此类系列的持有人一起享有投票权，根据本重订公司注册证书(包括本细则第(4)B节或第(J)节所考虑或授权的与优先股股份有关的任何证书)投票。 *F.

除有关发行任何系列优先股的一项或多项决议案另有规定外，在向优先股持有人支付根据有关发行任何系列优先股的一项或多项决议案应享有的全部股息后，普通股持有人有权收取董事会可能不时宣布的股息，任何及所有系列的优先股持有人除外。

*G.

除规定发行任何系列优先股的一项或多项决议另有规定外，如公司在向优先股持有人支付依据有关发行任何系列优先股的一项或多项决议应有权获得的全额款项后发生任何清算、解散或清盘，不论是自愿或非自愿的，

*H。根据本章程授权的任何普通股或优先股的发行以及根据本章程第四条允许董事会采取的任何其他行动，必须经全体董事会至少66%和三分之二(662/3%)的赞成票或由全体董事会至少66%和三分之二(662/3%)的赞成票组成的董事会委员会批准。

(i) 尽管本公司注册证书有任何其他规定，有权就本公司注册证书投票的已发行股份的至少过半数投票权的持有人须投赞成票，以修订、更改、更改或废除或采纳任何与本条第二节至第一节目的及意图不符的条款作为本公司注册证书的一部分。

(ii) *J.

(iii) 根据本条第四款所赋予的授权，现规定下列优先股系列，每个此类系列应包括的股份数量，以及其名称、权力、优先权和权利，以及其资格、限制或限制，如下文所述并以引用方式并入本文件所附的相应图示中，就每个此类系列确定和明示：

(iv) 附件I

(v) 8.125%非累积优先股，AAA系列

(vi) 附件二

(vii) 8.40%固定利率/浮动利率非累积优先股，E系列

附件三

(ix) 8.50%非累积优先股，系列F

C. 附件四

D. 系列R参与累计优先股

附件五 6.5%非累积可转换优先股，系列T

第五：董事无须以书面投票方式选出，除非及在附例规定的范围内。

第六条：公司的账簿和记录可保存在特拉华州以外的地方(符合任何强制性法律要求)，保存地点由董事会或章程授权或依据董事会不时决定。

第七名：

公司的业务和事务应由董事会管理或在董事会的领导下管理，董事会的确切人数将不时以全体董事会多数通过的决议确定。在每次年会上，选举产生的每一位董事的任期为一年。董事的任期至其任期届满当年举行的年会为止，直至其继任者当选为止，但须符合资格，但须事先去世、辞职、退休、取消资格或免职。董事会因增加董事人数而出现的任何空缺，只要出席人数达到法定人数，均可由在任董事的过半数填补，而董事会出现的任何其他空缺，可由在任董事的过半数(即使不足法定人数)或唯一剩余的董事填补。任何被选举填补非因董事人数增加而出现的空缺的董事，其剩余任期应与其前任相同。尽管有上述规定，每当公司发行的任何一个或多个类别或系列优先股的持有人有权在股东周年大会或特别大会上按类别或系列分开投票选举董事时，该等董事职位的选举、任期、空缺填补及其他特点应受适用于该等董事职位的本重新注册证书的条款所规限。第八名：

I. A.除法律或本公司注册证书或公司细则所要求的任何赞成票外，除非本条第八条第(B)节另有明确规定，否则企业合并(如下文定义)应要求有表决权股票(如下文定义)持有人投赞成票和反对票的比例不少于多数，并作为一个类别一起投票。即使法律或与任何国家证券交易所的任何协定或其他规定可能不需要投票，或可能规定较低的百分比或单独的类别投票，也应要求投赞成票。

B.第八条第(A)节的规定不适用于任何特定的企业合并，如果满足下列第1款或第2款规定的所有条件，则该企业合并只需法律或本公司注册证书或公司章程任何其他规定或其他规定所要求的赞成票；然而，前提是


			如果企业合并不涉及向公司未清偿债务的持有人支付对价						股本(定义见下文)，则除非满足下列第一款规定的条件，否则必须符合本条第八款第(A)款的规定：
			业务合并须已获大多数留任董事(定义见下文)批准(而该项批准其后并未被撤销)，或作为与有利害关系的股东进行的已批准交易类别内的交易。此类批准可在收购、公告或公开披露意向、使有利害关系的股东成为有利害关系的股东的投票权股票的实益所有权之前或之后给予。						然而，前提是
			就本第1段而言，该项批准只有在出席董事留任法定人数(定义见下文)的会议上获得方为有效；并且进一步规定，该项批准可在任何在完成建议业务合并前举行的出席董事留任法定人数的会议上由过半数留任董事撤销。						如果适用，应满足以下所有条件：
			截至企业合并完成之日(“完成日期”)，该企业合并中任何类别或系列流通股的持有者每股将收到的现金以外的代价的现金总额和公平市值(定义见下文)应至少等于根据下述第2(A)或2(B)段确定的金额：						如该类别或系列股本于建议企业合并首次公开公告当日(“公告日”)的每股公平市值低于该类别或系列股本于有利害关系的股东成为有利害关系的股东当日的每股公平市值(“决定日”)，相当于(I)该类别或系列股本于公告日的每股公平市值加上(Ii)该类别或系列股本于公告日的每股公平市值乘以该类别或系列股本于任何一天所支付的每股收市价的最高百分比溢价(“溢价股本”)的总和，该等股份或系列股本的收市价是由有利害关系的股东或其代表就该类别或系列股本的任何股份而支付的，而该等股份是与该股东取得实益拥有权有关的。在紧接公告日期前的两年内或在其成为有利害关系的股东的交易中，持有该类别或系列股本的股份；
			然而，前提是						如上文所厘定的溢价股本价格高于该股东或其代表就该股东于紧接公告日期前两年内收购该类别或系列股本股份的实益拥有权而支付的最高每股价格，则本第2(A)段所规定的金额须为(A)项下该股东或其代表所支付的最高价格，及(B)公布日期该类别或系列股本的每股公平市价(本段(A)项所指的该类别或系列股本的每股公平市值及其他价格，须就其后有关该类别或系列股本的任何股份拆分、股息、细分或重新分类作出适当调整)；或

如该类别或系列股本于公布日期的每股公平市价大于或等于该类别或系列股本于决定日期的每股公平市值，则每股价格相等于该类别或系列股本于公告日期的每股公平市值，而该等类别或系列股本于决定日期的每股公平市值须就其后有关该类别或系列股本的任何股份分拆、股息、拆分或重新分类作出适当调整。作为企业合并标的的每一类别或系列已发行股本均须符合本款第2款的规定，不论有利害关系的股东以前是否已取得特定类别或系列股本的任何股份的实益所有权。

在该企业合并的确定日期之后至完成日期之前：

因此，按照任何已发行股本的条款应支付的任何全额季度股息(无论是否累计)；(Ii)如有必要，普通股支付的股息年率将有所提高，以反映任何重新分类(包括任何反向股票拆分)、资本重组、重组或任何类似交易，其效果是减少普通股的流通股数量，除非未能如此提高年率的做法在继续出席董事会议的董事会议上得到多数董事的批准；及(Iii)该拥有权益的股东不应成为任何额外股本的实益拥有人，除非作为导致该等拥有权益的股东成为拥有权益的股东的交易的一部分，以及除非该交易于生效后不会导致该拥有权益的股东于任何类别或系列股本的实益拥有权百分率有任何增加。于决定日期后，该有权益的股东不得直接或间接(除非按比例作为本公司的股东)获得本公司提供的任何贷款、垫款、担保、质押或其他财务援助或任何税务抵免或其他税务优惠，不论是预期或与该业务合并有关或其他方面。

描述建议的业务合并并符合1934年证券交易法及其下的规则和法规(或取代该法案、规则或法规的任何后续条款)的要求的委托书或资讯声明，应在该企业合并完成前至少30天邮寄给本公司的所有股东(无论该委托书或资讯声明是否需要根据该法案或后续条款邮寄)。公司应向此类投资银行支付合理的服务费。该有利害关系的股东在未获至少过半数留任董事批准的情况下，不得对本公司的业务或股权资本结构作出重大改变。

C.下列定义应适用于本条第八条：这一术语“企业合并”

意味著：

1. 本公司或任何主要附属公司(定义见下文)与本公司或任何主要附属公司的任何合并或合并，或出售、租赁、交换、转让或以其他方式处置本公司或任何主要附属公司的几乎所有资产或已发行股本，以及(I)任何有利害关系的股东或(Ii)任何其他公司(不论其本身是否有利害关系的股东)合并、合并或出售、租赁、交换、转让或其他处置将会是有利害关系的股东的联属公司或联营公司的任何合并或合并；或任何出售、租赁、交换、按揭、质押、转让或其他处置或证券安排、投资、贷款、垫款、担保、购买协定、付款协定、信用扩展、合资企业参与或其他安排(在一次或一系列交易中)，涉及本公司、任何主要附属公司或任何有利害关系的股东的任何资产、证券或承诺，以及/或涉及总公平市价为2500万美元(25,000,000美元)或以上的任何资产、证券或承诺；或任何证券的重新分类(包括任何反向股票拆分)，或公司资本重组，或公司与其任何附属公司(如下文定义)的任何合并或合并，或任何其他交易(无论是否与有利害关系的股东一起或以其他方式涉及)，直接或间接地增加任何类别或系列股本的比例份额，或任何可转换为股本或可转换为股本证券的证券

2. 由任何有利害关系的股东或任何有利害关系的股东的任何关联公司或联营公司实益拥有的任何附属公司；或

就前述(A)至(D)款所列任何一项或多项行动作出规定的任何协定、合同或其他安排；

(a) 然而，前提是如上述交易的公告日期于有关权益持有人的决定日期后18个月以上发生，则在本细则第八条的规限下，上述任何交易均不应被视为企业合并。这一术语

(b) “资本股”

指根据本公司注册证书第四条不时获授权发行的本公司所有股本，包括但不限于普通股，而“有表决权股份”一词指根据其条款可就提交予本公司股东的所有事项表决的所有股本。

“人”

指任何个人、商号、公司或其他实体，并应包括由任何人士及任何其他人士组成的任何集团，而该人士或该人士的任何联营公司或联营公司直接或间接与该人士就收购、持有、投票或处置股本的目的有任何协定、安排或谅解。

(d) 这一术语

(e) “有利害关系的股东”

(f) 指(除本公司或任何附属公司及本公司的任何利润分享、员工持股或其他员工福利计划外，或以该等身分行事时任何此等计划的任何受托人或受托人)：(A)是或已宣布或公开披露一项计划或意向成为投票股的实益拥有人，相当于当时所有已发行的投票股持有人有权投下的投票权的百分之二十五(25%)或以上；或(B)为本公司的联属公司或联营公司，且于紧接有关日期前两年内的任何时间为Vting Stock的实益拥有人，占当时Vting Stock所有已发行股份持有人有权投下的投票权的百分之二十五(25%)或以上。

任何人都应该是

1. “实益拥有人”(A)该人士或其任何联属公司或联营公司直接或间接实益拥有的任何股本；(B)该人士或其任何联营公司或联营公司直接或间接拥有(I)根据任何协定、安排或谅解，或在行使转换权、交换权、认股权证或期权或其他方式时，获得(不论该权利可即时行使或只受时间推移规限)的权利，或(Ii)根据任何协定、安排或谅解获得投票权的权利；或(C)由任何其他人士直接或间接实益拥有的股份，而该人士或其任何联属公司或联营公司与该等人士就收购、持有、投票或处置股本任何股份的目的有任何协定、安排或谅解。就根据本节C节第4段确定某人是否为有利害关系的股东而言，被视为流通股的股本数量应包括该人通过应用本C节第5段而被视为实益拥有的股份，但不包括根据任何协定、安排或谅解，或在行使转换权、认股权证或期权或其他情况下可能预留用于发行或可发行的任何其他股本股份。这些条款

(a) “联营公司”

(b) 和

应具有该法第120亿2条中赋予该等术语的各自含义，该等术语在本第8条获得独资公司批准和通过之日有效(在上述第120亿2条中，术语“注册人”在本案中指的是公司)；

(d) 然而，前提是

“联营公司”和“联营公司”一词不应包括公司或任何受托人或受托人在以此类身分行事时的任何利润分享、员工持股或其他员工福利计划。这一术语

2. “子公司”指任何类别的股权担保的多数由公司实益拥有的公司；然而，前提是

3. 就本节C节第4段所载利益股东的定义而言，“附属公司”一词仅指本公司实益拥有每类股权证券的多数股权的公司。这一术语“主要附属公司”

4. 指资产为2500万美元(25,000,000美元)或以上的子公司，反映在根据适用的州保险法编制的最近财政年度末经审计的或未经审计的综合资产负债表中从事保险业务的子公司，并按照关于从事保险业务以外的业务的公认会计原则。这一术语

5. 继续“董事”指公司的任何董事会成员，而此人是董事会成员，且不是有利害关系的股东的联营公司、联营公司或代表，并且在有利害关系的股东成为有利害关系的股东之前是董事会成员，以及任何继续留任的董事的继任者，而该继任者是董事会成员，不是有利害关系的股东的关联公司、联营公司或代表，且经多数留任董事推荐或选举接替继续经营的董事；

6. 然而，前提是“继续董事”一词不应包括公司或其任何关联公司或联营公司的任何高级人员。这一术语“公平市价”指(A)如属现金，则指该等现金的数额；(B)如属证券，指紧接有关日期前30天内该等证券的股份在纽约证券交易所上市股票的综合录影带上的最高收市价，如该等证券并无在综合录影带上报价，则在纽约证券交易所上市，或如该证券并非在该交易所上市，则在根据该法令注册的美国主要证券交易所上市，或如该证券并无在任何该等交易所上市，则指该等证券的最高收市价，在有关日期前30天内，在全国证券交易商协会自动报价系统或当时使用的任何类似系统上关于该股票的最高收盘报价，或如果没有此类报价，则为由大多数继续留任的董事真诚确定的该股票在有关日期的公平市场价值；及(C)如属现金或股票以外的财产，则为大多数留任董事真诚厘定的该等财产于有关日期的公平市值。这一术语“延续董事会议法定人数”

7. 指至少两(2)名能够行使公司注册证书和公司章程赋予他们的权力的留任董事。在公司存续的任何企业合并的情况下，“收取现金以外的代价”本条第二节第二款所用第八项应包括普通股和/或由该等股份持有人保留的任何其他类别或系列股本的股份。在出席董事会议并有继续留任的法定人数的董事中，多数留任董事有权和有责任根据经合理查询后所知的资料，决定本条第八条的目的，并决定根据本条第八条产生的所有问题，包括但不限于：(A)某人是否为有利害关系的股东，(B)任何人实益拥有的股本或其他证券的股份数目，(C)某人是否为另一人的联营公司或联营公司，(D)作为任何企业合并标的的资产是否有，或本公司或任何业务合并中的任何附属公司为发行或转让证券而收取的代价，其公平市值合计为2500万港元(25,000,000美元)或以上，如本条第八节第(B)及(E)段所述，以及(E)附属公司是否为主要附属公司。本著善意作出的任何此类决定对各方都具有约束力和终结性。如果在该会议上未能达到董事的持续法定人数，则所有此类决定应由特拉华州衡平法院作出。

8. 美国、德国、法国、印度和印度。第八条的任何规定不得被解释为免除任何利益相关股东法律规定的任何受托责任。*F.

任何企业合并符合本条第(8)款第(B)款的规定，不得被解释为向董事会或其任何成员施加任何受托责任、义务或责任，以批准该企业合并或向本公司股东建议采用或批准该企业合并，也不得以任何方式限制、禁止或以其他方式限制董事会或其任何成员对该企业合并的评估或就该企业合并采取的行动和回应。

9. *G.“尽管本公司证书或公司章程有任何其他规定(尽管法律、本公司证书或公司章程可能规定较小百分比或单独的类别投票)，有权就其投票的流通股的投票权不少于多数的持有人作为一个类别一起投票的赞成票应为需要修改、更改、更改或废除或采用任何与本条款第八条的目的和意图不符的条款作为本公司注册证书的一部分。第九条：为促进但不限于特拉华州法律赋予董事会的权力，董事会有权通过、修订、更改或废除公司的章程。至少66%和三分之二的赞成票应要求全体董事会成员通过、修订、更改或废除公司的章程。尽管本公司注册证书或公司章程有任何其他规定(且尽管法律、本公司注册证书或公司章程可能规定较低百分比或不同类别的投票权)，有权就此投票的已发行股份的投票权不少于过半数的持有人须投赞成票，方可采纳、修订、更改或废除任何与本条第九条目的及意图不符的条款，作为本公司注册证书的一部分。

10. 第十名：对于违反公司或其股东作为董事的受信责任的金钱损害，公司的任何董事均不承担责任，但以下责任除外：(I)任何违反董事对公司或其股东的忠诚义务的行为；(Ii)不真诚的行为或不作为，或涉及故意不当行为或明知违法的行为；(Iii)根据特拉华州公司法第174条规定的责任；或(Iv)董事从中获得不正当个人利益的任何交易。第十一名：

11. 除本公司注册证书第四条、第七条、第八条和第九条另有规定外，公司保留以特拉华州法律规定的方式修改和废除本公司注册证书中包含的任何条款的权利，股东的所有权利应受此保留的约束。董事会根据特拉华州《公司法总则》第245节正式通过了这份重新签署的公司注册证书。本重新签发的公司注册证书自备案之日起生效。

12. 在证人证词中，本公司已安排由其正式授权的人员签署这份重新签署的公司注册证书。日

D. 2009年10月的一天。

花旗集团 /S/迈克尔·S·赫尔费尔

姓名：迈克尔·S·赫尔弗

公司秘书附件I

8.125%非累积优先股，AAA系列

第1款. 指定。(66 2/3%) 优先股系列的名称应为“8.125%非累积优先股，AA系列”(以下简称“AAA系列”)。

“)。AA系列优先股的每股在各方面应与AA系列优先股的其他每一股相同。在本公司发生任何自愿或非自愿清盘、解散或清盘的情况下，AA系列优先股将与平价股并列，优先于初级股，并在支付股息及/或资产分配方面低于高级股(如有)。

第2款. 股份数量。

AA系列优先股的授权股数为149,500股。本公司有权发行AA系列优先股的零碎股份。

第3款.

定义。如本文针对系列AA优先股所使用的：代理会员“具有第15(C)节规定的含义。


			董事会

			“具有上述演奏会中所阐述的含义。
			营运日			“指不是纽约国定假日，也不是法律或法规授权或要求纽约的银行机构关闭的任何工作日。
						普通股

“指每股面值为0.01美元的公司普通股，或该等普通股应重新分类或变更为公司股本的任何其他股份。

保存人

“指DTC或其代名人或本公司委任的任何继任托管人。红利发放日

“应具有本合同第(4)(A)节规定的含义。红利期“应具有本合同第(4)(A)节规定的含义。

股息记录日期 “应具有本合同第(4)(A)节规定的含义。

直接转矩

」是指存管信托公司。全球系列赛-AA优先股“具有第15(A)节规定的含义。

“保持器“指以其名义登记AA系列优先股股份的人，公司、转让代理人、登记处及付款代理人可将该人视为AA系列优先股股份的绝对拥有者，以付款及所有其他目的。

“初级股“指普通股及本公司现已存在或其后获授权的任何其他类别或系列股票，在本公司任何自愿或非自愿清盘、解散或清盘时，优先股优先于或优先于派发股息或分配资产。

“不付款“应具有本合同第(7)(B)(I)节规定的含义。

“官“指本公司的首席执行官、主席、首席行政官、任何副主席、首席财务官、财务总监、首席会计官、司库和公司财务主管、任何助理司库、总法律顾问和公司秘书以及任何助理秘书。

“平价股票“指在本公司任何清盘、解散或清盘时，在支付股息及分配资产方面与AA系列优先股同等的本公司任何类别或系列股票。

“人“是指法人，包括任何个人、公司、产业、合伙企业、合营企业、协会、股份公司、有限责任公司或者信托。

“优先股董事“应具有本合同第(7)(B)(I)节规定的含义。

“书记官长“指以AA系列优先股登记员的身分行事的转让代理及其继承人和受让人。

“高级股票“指在本公司任何自愿或非自愿清盘、解散或清盘时，在派发股息或分配资产方面较AA系列优先股具有优先权或优先权的本公司现有或以后获授权的任何类别或系列股票。

“系列AAA优先股“应具有本合同第一节规定的含义。

“转移剂“指纽约梅隆银行担任AA系列优先股及其继承人和受让人的转让代理、登记处和支付代理。

“信任“应具有第(6)(D)节规定的含义。

“第4款.分红

“姓名：标题：

“(1)只有当股票证书证明AA系列优先股的持证股份时，才应包括这一短语。(2)只有在股票证明全球系列AA优先股的情况下，才应包括这一短语。

“司法常务官会签这些股票是上述指定证书中所指的AAA系列优先股。

“日期：纽约梅隆银行作为注册官

“作者：姓名：

“标题：证书的反转

“AA系列优先股的每股股息应按指定证书中规定的利率支付。AAA系列优先股的股份可由本公司选择以指定证书所载方式及条款赎回。

“本公司应免费向提出要求的每一持有人提供本公司发行的每一类别或系列股本的权力、指定、优惠及相对、参与、选择或其他特别权利，以及该等优惠及/或权利的资格、限制或限制。作业

“对于收到的价值，签署人将以下证明的AAA系列优先股的股份转让和转让给：(填写受让人社保或纳税人识别码)

(填写受让人地址和邮递区号) 并不可撤销地任命：

(a) 作为转让代理，在转让代理的账簿上证明转让AA系列优先股的股份。代理人可以由他人代为代理。日期：签名：(与您的名字在本证书的另一面完全相同)签名保证：(签字必须由符合条件的“担保机构”担保，该机构是银行、股票经纪人、储蓄和贷款协会或信用合作社，符合转让代理人的要求，该要求包括加入或参与证券转让代理人徽章计划(“印章”)或转让代理人可能决定的其他“签字担保计划”，以补充或代替印花，所有这些都符合1934年修订的证券交易法。)附件二8.40%固定利率/浮动利率非累积优先股，E系列第1款.指定。

(b) 该系列优先股的名称应为“8.40%固定利率/浮动利率非累积优先股，E系列”。E系列优先股的每股在各方面应与E系列优先股的其他每一股相同。E系列优先股将与平价股票并列，优先于初级股票，并在公司发生任何自愿或非自愿清算、解散或清盘的情况下，在股息支付和/或资产分配方面低于高级股票(如有)。第2款.

(c) 股份数量。E系列优先股的授权股数为24万股。该数目可不时由董事会、优先股委员会或其任何其他正式授权委员会正式通过的进一步决议案，以及根据特拉华州公司法的规定提交证书，述明有关增加或减少(视乎情况而定)而不时增加(但不超过优先股的法定股份总数)或减少(但不低于当时已发行的E系列优先股的股份数目)。公司有权发行E系列优先股的零碎股份。

(i) 第3款.

(ii) 定义。

(iii) 如本文针对E系列优先股所使用的：

(iv) 代理会员

(v) “具有第15(C)节规定的含义。

(vi) 董事会

「具有上述背诵中阐述的含义。

「工作日」

指不是纽约市法定假日的任何工作日，也不是纽约市银行机构被授权或法律或法规要求关闭的日子。

计算代理是指以E系列优先股计算代理身份行事的转让代理人及其继任者和转让人。

普通股「指公司普通股，每股面值0.01美金，或该普通股股份应重新分类或变更为的任何其他公司股本股份。保存人

(b) 「指DTC或其提名人或公司指定的任何继任托管人。红利发放日

(d) 「应具有本文第4（a）条规定的含义。股息记录日期

「应具有本文第4（a）条规定的含义。

直接转矩」是指存管信托公司。

全球E系列优先股「具有第15（a）条规定的含义。保持器

(b)“指以其名义登记E系列优先股股份的人士，本公司、计算代理人、转让代理人、登记处及支付代理人可将该人视为E系列优先股股份的绝对拥有者，以支付款项及所有其他目的。初级股

“指普通股及本公司现有或以后获授权的任何其他类别或系列股票，而E系列优先股在支付股息或在本公司任何自愿或非自愿清算、解散或清盘时优先分配资产。

伦敦银行间同业拆借利率测定。日期

“指紧接有关股息期首日之前的第二个伦敦银行日。

伦敦银行日

“指商业银行在伦敦营业的任何一天(包括美元存款交易)。

不付款

(d) “指本公司的首席执行官、主席、首席行政官、任何副主席、首席财务官、财务总监、首席会计官、司库和公司财务主管、任何助理司库、总法律顾问和公司秘书以及任何助理秘书。平价股票

“指在本公司任何清算、解散或清盘时，在派发股息及分配资产方面与E系列优先股同等的本公司现有或其后获授权的任何类别或系列股票。

人

“是指法人，包括任何个人、公司、产业、合伙企业、合营企业、协会、股份公司、有限责任公司或者信托。优先股董事“应具有本合同第(7)(B)(I)节规定的含义。

书记官长“指以E系列优先股登记人的身分行事的转让代理及其继承人和受让人。

(i) 路透社萤幕LIBOR01页需要赎回的E系列优先股的股份数量，如果要赎回的股份少于持有人的全部股份，则需要赎回的股份数量；赎回价格;交出该等股份的股票以支付赎回价格的一个或多个地点；及待赎回股份的股息将于赎回日停止应计。.”

(ii)尽管有上述规定，如果E系列优先股通过DTC以簿记形式持有，公司可以DTC允许的任何方式发出该通知。部分救赎。

(iii) 如于已发行时只赎回部分E系列优先股，则将予赎回的E系列优先股股份应按持有人所持E系列优先股股份数目按比例按董事会、优先股委员会或其任何其他正式授权委员会认为公平及公平的方式按比例从持有人中选出。在符合本节第6款的规定下，董事会、优先股委员会或其任何其他正式授权的委员会有完全权力及权力不时订明赎回E系列优先股股份的条款及条件。赎回的有效性。

(iv) 如赎回通知已妥为发出，且如在通知所指明的赎回日期当日或之前，本公司已将赎回所需的所有资金，除其他资产外，为被赎回股份持有人的按比例利益而分开预留，以便可继续用作赎回，或由本公司存入董事会选定的银行或信托公司、优先股委员会或其任何其他正式授权委员会(“信任

(c) “)为被要求赎回的股份持有人按比例受益，则即使任何被要求赎回的股份的任何股票尚未交回注销，但在赎回日期当日及之后，所有被要求赎回的股份将停止发行，与该等股份有关的所有股息将于该赎回日期停止应计，而有关该等股份的所有权利将于该赎回日期立即终止及终止，惟其持有人于赎回日期后任何时间从如此存放的资金中收取赎回应付款项的权利除外。本公司有权不时从信托收取该等基金的任何应计利息，而任何被要求赎回的股份的持有人无权要求任何该等权益。于赎回日期起计三年届满时，任何如此缴存而无人认领的资金，须在法律许可的范围内发放或偿还予本公司，如已向本公司偿还该等款项，则被要求赎回的股份持有人应被视为本公司的无抵押债权人，金额相当于上文所述为赎回该等股份而缴存并已偿还予本公司的款项，但在任何情况下均无权获得任何利息。第7节

投票权

将军

持有者无权就任何事项投票，除非下文第7(B)节所述或特拉华州法律要求。特别投票权。*投票正确。

如E系列优先股或在股息支付方面与E系列优先股平价的任何其他类别或系列的优先股的股息已获授予并可行使与本条第7(B)(I)节授予的投票权相同的投票权，则就任何类别或系列而言，尚未支付的总金额至少等于三个半年度或六个季度股息期(无论是否连续)(A)

不付款

(d) “)，组成董事会的董事人数应增加两人，而持有人(连同任何类别或系列的持有人)持有人不享有任何优先购买权或转让权。

第9条。职级。

尽管公司注册证书或本指定证书有任何相反的规定，董事会、优先股委员会或其任何其他正式授权的委员会可授权和发行额外的初级股票或平价股票，而无需持有人投票。

第10节.回购。

在符合本协定规定的限制的情况下，本公司可按董事会、优先股委员会或其任何其他正式授权委员会决定的范围、方式和条款不时买卖E系列优先股；

然而，前提是

如有合理理由相信本公司已破产或本公司将因该项收购而资不抵债，则本公司不得将其任何资金用于任何此类收购；然而，如果进一步地，, 倘若本公司实益拥有任何E系列优先股，本公司将促使不行使有关该E系列优先股的投票权。第11节未发行或重新收购的股份, 本公司未发行或已发行及赎回或以其他方式购买或收购的E系列优先股的股份，应恢复为授权但未发行的优先股的状态，而不指定系列。

第12条。无偿债基金。

E系列优先股的股票不受偿债基金运作的影响。

第13条转让代理人、计算代理人、注册官及付款代理人

E系列优先股的正式指定转让代理、计算代理、注册人和支付代理应为纽约梅隆银行。在任何该等免任或委任后，本公司应以预付邮资的头等邮递方式向持有人发出有关通知。

第14节补发证书。

证书被毁损、销毁、被盗和遗失。

如果签发了实物证书，公司应在将证书交还给转让代理时更换任何损坏的证书，费用由持有人承担。在向公司和转让代理交付证明证书已被销毁、被盗或丢失的令人满意的证据以及转让代理和公司可能要求的任何赔偿时，公司应更换被销毁、被盗或丢失的证书，费用由持有者承担。

第15条表格。（a）

第A17条。通告。

本合同提及的所有通知应以书面形式发出，除非本合同另有规定，否则本合同项下的所有通知应视为在收到通知的较早日期或以挂号信或挂号信邮寄后三个工作日发出(除非根据本指定证书的条款，此类通知特别允许以第一类邮件发送)，并预付邮资：(I)如寄往公司，则寄往公司、其位于纽约10043公园大道399号的办公室(注意：公司秘书)或寄往其位于华盛顿大道29号480的办公室日新泽西州泽西市07310号(请注意：公司信托办事处)或本指定证书所允许指定的本公司其他代理人，或(Ii)如发给任何持有人，则寄往本公司股票记录簿(可能包括过户代理的记录)所载有关持有人的地址或(Iii)本公司或任何有关持有人(视情况而定)以类似方式发出的通知所指定的其他地址。表现出表格表格

固定利率/浮动利率非累积优先股百分比，E系列

面对安全除非本证书由存托信托公司的授权代表(纽约A New York Corporation(“DTC”)，纽约州纽约市)提交给该公司或其代理人，以登记转让、兑换或付款，并且所发出的任何证书均以CELDE&CO的名义登记。或DTC授权代表要求的其他名称(支付任何款项以让出或转让给DTC授权代表要求的其他实体)任何人或向任何人转让、质押或以其他方式使用本文件的任何转让、质押或其他用途是错误的，因为本文件的注册所有者放弃本文件。与此有利害关系。本全球证券的转让应仅限于向DTC的被指定人或其继任者或该继任者的被指定人转让全部但不是部分的转让，而本全球证券的部分转让应仅限于根据下文提及的指定证书中规定的限制进行的转让。

(d) 固定利率/浮动利率非累积优先股百分比，E系列(每股面值1.00美元)

(清算优先权为每股25,000美元)花旗集团，特拉华州一家公司(“本公司”)，特此证明[](“持有人”)是本公司指定%固定利率/浮动利率非累积优先股E系列的[]缴足及免税股份的登记拥有人，每股面值1.00美元，每股清算优先权25,000美元(“E系列优先股”)。E系列优先股的股份可于交回本证书后，亲自或由正式授权的受权人在注册处的簿册及记录上转让，并以适当的转让形式予以转让。特此陈述的E系列优先股的指定、权利、特权、限制、优先及其他条款及条文，在各方面均受日期为2008年4月25日的指定证书(下称“指定证书”)的规定所规限。此处使用但未定义的大写术语应具有指定证书中赋予它们的含义。公司将在其主要营业地点向公司提出书面要求时，免费向持有人提供指定证书的副本。兹参考本文背面所列E系列优先股的精选条款和指定证书，其中精选条款和指定证书对所有目的均具有与此地所述相同的效力。

持有人一经收到本证书，即受指定证书的约束，并有权享有该证书所规定的利益。

除非注册处已适当会签，否则该等E系列优先股股份将无权根据指定证书享有任何利益，或就任何目的而言均属有效或有义务持有。本证书由公司代表公司签署，特此为证[标题]

他说，这是中国的第一个交易日。花旗集团作者：

姓名：

标题：

司法常务官会签

这些股票是上述指定证书中所指的E系列优先股。
日期：

纽约梅隆银行作为注册官

作者：姓名：标题：”), 证书的反转E系列优先股的每股股息应按指定证书中规定的利率支付。”) E系列优先股的股份可根据公司的选择，按照指定证书中规定的方式和条款进行赎回。本公司应免费向提出要求的每一持有人提供本公司发行的每一类别或系列股本的权力、指定、优惠及相对、参与、选择或其他特别权利，以及该等优惠及/或权利的资格、限制或限制。) 作业

[对于收到的价值，以下签署人将在此证明的E系列优先股的股份转让和转让给：(如有的话，请填上受让人的社会保障或纳税人身分证号码)

(插入受让人的地址和邮递区号)，并不可撤销地指定：

作为转让代理人在转让代理人的账簿上证明的E系列优先股股份的转让。代理人可以由他人代为代理。


日期：			签名：


(与您的名字在本证书的另一面完全相同)

签名保证：

(签字必须由符合条件的“担保机构”担保，该机构是银行、股票经纪人、储蓄和贷款协会或信用合作社，符合转让代理人的要求，该要求包括加入或参与证券转让代理人徽章计划(“印章”)或转让代理人可能决定的其他“签字担保计划”，以补充或代替印花，所有这些都符合1934年修订的证券交易法。)
附件三
8.50%非累积优先股，F系列

第1节.指定

优先股系列的名称应为“8.50%非累积优先股，F系列”(“F系列优先股”)。F系列优先股的每一股应在各方面与F系列优先股的其他每一股相同。F系列优先股将与平价股并列，优先于初级股，并在公司发生任何自愿或非自愿清算、解散或清盘的情况下，在股息支付和/或资产分配方面低于高级股(如有)。

第2节股份数目

F系列优先股的授权股数为92,000股。该数目可不时由董事会、优先股委员会或其任何其他正式授权委员会正式通过的进一步决议案，以及根据特拉华州公司法的规定提交证书，述明有关增加或减少(视乎情况而定)而不时增加(但不超过优先股的法定股份总数)或减少(但不低于当时已发行的F系列优先股的股份数目)。本公司有权发行F系列优先股的零碎股份。

第三节定义。如本文针对F系列优先股所使用的：代理会员


“具有第15(C)节规定的含义。

董事会
“具有上述演奏会中所阐述的含义。
营运日

普通股

“指每股面值为0.01美元的公司普通股，或该等普通股应重新分类或变更为公司股本的任何其他股份。

保存人

“指DTC或其代名人或本公司委任的任何继任托管人。


红利发放日

“应具有本协定第4(A)节规定的含义。
红利期
“应具有本协定第4(A)节规定的含义。

股息记录日期

“应具有本协定第4(A)节规定的含义。

直接转矩

」是指存管信托公司。

全球F系列优先股

“具有第15(A)节规定的含义。

保持器

“指在其名下登记F系列优先股股票的人，公司、转让代理、注册人和支付代理可将其视为F系列优先股股票的绝对拥有者，用于付款和所有其他目的。

初级股

(Iv)根据初级股票或正在转换或交换的证券的转换或交换条款，批准购买该股票的零碎权益；

(Vi)禁止本公司任何投资银行附属公司在其正常业务过程中，就与做市或其他二级市场活动有关的事宜购买Junior Stock。

然而，上述限制将不适用于本公司支付的任何初级股票股息，如果股息股票与支付股息的股票相同。


除以下规定外，只要F系列优先股的任何股份仍未支付，如果F系列优先股和任何平价股的股份没有全额宣布和支付股息，则F系列优先股和任何平价股的所有宣布的股息将按比例宣布，以便每股宣布的股息数额彼此之间的比率将与F系列优先股当时的当前股息期每股应计股息和任何平价股当时的当前股息期每股应计股息的比率相同(如任何此类产生累积股息的平价股，则包括，所有应计和未支付的股息)相互关联。

第五节清算权

（a）

清算如果公司发生任何自愿或非自愿的清算、解散或结束公司事务，持有人应有权在公司资产的任何分配或支付给或拨备给任何初级股票持有人之前，从合法可用的资产中获得全部清算分配，并受清算时优先于F系列优先股或与F系列优先股平价的任何类别或系列证券的持有人的权利以及公司的存款人和其他债权人的权利的限制，获得全额清算分配，金额为每股25,000美元，外加自上次股息支付日期起至以下日期的任何应计股息但不包括所宣布的清盘、解散或清盘的日期。在公司事务发生任何此类自愿或非自愿清算、解散或清盘的情况下，持有者无权获得除本第5条明确规定外的任何进一步付款。

他们选择了部分付款。

其中包括剩余分配。

如果任何平价股的所有持有人和所有持有人有权获得的各自清算分派总额已支付，则初级股持有人应有权根据其各自的权利和偏好获得本公司的所有剩余资产。

它包括资产的合并、合并和出售，而不是清算。就本第5节而言，出售、转让、交换或转让(以现金、股票、证券或其他代价换取)公司的全部或几乎所有财产和资产，不得被视为自愿或非自愿解散、清算或结束公司的事务，也不得被视为公司的合并、合并或任何其他业务合并交易本公司与任何其他法团或人士合并、合并或合并，或任何其他法团或人士与本公司合并、合并或任何其他业务合并交易，均视为自愿或非自愿解散、清盘或清盘本公司事务。

“第6节赎回。它没有可选的赎回。

“本公司在董事会、优先股委员会或其任何其他正式授权委员会的选择下，可根据下文第6(B)节规定的通知，在2013年6月15日股息支付日期或之后的任何股息支付日期，以相当于每股25,000美元的赎回价格，从尚未偿还时的F系列优先股全部或部分赎回F系列优先股。第15条表格

**全球F系列优先股。F系列优先股可能以一股或多股F系列优先股的永久全球股票的形式发行，发行形式为最终的、完全登记的形式，并以实质上以附件A的形式附上全球图例。

“全球F系列优先股”“)，在此并入并明确成为本指定证书的一部分。全球F系列优先股可能有法律、证券交易规则、公司必须遵守的协定(如果有的话)或惯例所要求的符号、图例或背书(前提是任何此类符号、图例或背书采用公司可接受的形式)。每一股全球F系列优先股所代表的股份总数可通过对书记官长和托管人或其代名人的记录进行调整而不时增加或减少，如下所述。本条款第15(A)款仅适用于存放在托管人或代表托管人的全球F系列优先股。

“他们决定将货物交付给Depositary。如果发行了全球F系列优先股，公司应签立，注册官应根据本节的规定，会签并初步交付一股或多股全球F系列优先股，该优先股(I)应以CEDE&Co.或其他托管人的名义登记，(Ii)应由

“托管人或根据从托管人收到的指示，或根据托管人与书记官长之间的协定由书记官长作为托管人保管的指示。代理会员。

“如果发行全球F系列优先股，托管机构的成员或参与者(“代理会员

““)在本指定证书下，并不享有任何由托管或注册处处长代其作为托管人持有的全球F系列优先股的权利，而该等全球F系列优先股可在任何情况下被本公司、注册处及本公司的任何代理人或注册处视为该等全球F系列优先股的绝对拥有者。尽管有上述规定，本公司、本公司注册处处长或本公司任何代理人或注册处处长并不妨碍托管人提供的任何书面证明、委托书或其他授权在托管人与其代理成员之间生效，以执行托管人行使任何全球F系列优先股实益权益持有人的权利的惯例。如果全球F系列优先股发行，托管机构可以授予委托书或以其他方式授权任何人采取持有者根据F系列优先股、本指定证书或公司注册证书有权采取的任何行动。他们需要购买实物证书。

“任何Global Series F优先股的实益权益拥有人将无权获得F系列优先股证书股份的实物交付，除非(X)托管人已通知本公司，其不愿意或无法继续担任全球F系列优先股的托管人，且本公司未于90天内委任合资格的替代托管人，(Y)该托管机构不再是根据交易所法令登记的“结算机构”，而本公司于90天内未委任合资格的替代托管人，或(Z)本公司决定停止使用簿记转移的方式。在任何此类情况下，全球F系列优先股应以登记形式整体交换F系列优先股的最终股份，并具有相同的条款和同等的总清算优先权。F系列优先股的这种最终股份应登记在托管人在提交给书记官长的书面文书中指定的一个或多个人的姓名或名称上。他签了名。

“一个高级管理人员应根据公司章程和适用法律，以手动或传真签名的方式为公司签署任何全球系列F优先股。如果在全球F系列优先股上签字的官员在转让代理会签全球F系列优先股时不再担任该职位，则全球F系列优先股仍然有效。在转让代理的授权签字人手动副署全球F系列优先股之前，全球F系列优先股无效。每一份全球F系列优先股的日期应为其会签日期。

“第16条税项（a）

“转让税。(Iii)可以赎回、购买或以其他方式价值收购任何级别低于R系列优先股的股票(无论是在股息方面，还是在清算、解散或清盘时)；

“提供公司可随时赎回、购买或以其他方式获取任何该等优先股的股份，以换取较R系列优先股级别较低的公司股票(在股息方面及在解散、清盘或清盘时)；或

“(Iv)可赎回、购买或以其他方式按价值收购任何R系列优先股，或与R系列优先股平价的任何股票(股息或在清盘、解散或清盘时)，但按照董事会在考虑各系列及类别各自的年度股息率及其他相对权利及优惠后，以书面或公布(董事会决定)向所有持有R系列优先股及所有该等其他平价股持有人提出的购买要约，则不在此限。应真诚地确定将导致各个系列或类别之间的公正和公平待遇。(B)*公司不得允许公司的任何附属公司以有价值的方式购买或以其他方式收购公司的任何股票，除非公司可以根据第4(A)段在当时以这种方式购买或以其他方式收购该等股份。

“第五节.重新获得的股份。公司以任何方式购买或以其他方式收购的任何系列R优先股股票，应在收购后立即注销。所有该等股份于退役后将成为经批准但未发行的优先股股份，并可于公司注册证书许可或特拉华州法律允许的情况下，作为董事会将设立的新系列优先股的一部分重新发行。

“第六节清算、解散和清盘。在公司进行任何清算、解散或清盘时，不得(A)向持有R系列优先股的初级股票(股息或在清算、解散或清盘时)的持有者进行任何分配，除非在此之前，R系列优先股的持有者已收到每股1.00美元，外加相当于应计和未支付股息及其分配的金额，无论是否申报，直至支付之日；

“提供 R系列优先股的持有者有权获得相当于乘数倍(X)的每股总金额

“(Y)将每股分派予普通股持有人的总金额，或(B)向与R系列优先股同等(股息或在清盘、解散或清盘时)的股票持有人分派的总金额，但按比例就R系列优先股及所有该等其他平价股份按比例作出的分派除外，比例为所有该等股份持有人于该等清盘、解散或清盘时有权获得的总金额。第七节合并、合并等

“如本公司须进行任何合并、合并、合并或其他交易，将普通股的股份交换或变更为其他股票或证券、现金或任何其他财产，则在任何该等情况下，R系列优先股的股份应同时以同样的方式交换或变更为相当于乘数(X)的每股金额《泰晤士报》

“股票、证券、现金或任何其他财产的总金额。视属何情况而定，普通股的每股股份被更改或交换成或换成的普通股。第8节。不可赎回。

“R系列优先股不可赎回。第9条。职级。

“在清盘、解散和清盘时的股息支付和资产分配方面，R系列优先股的排名应低于所有其他优先股系列，除非该系列的条款另有规定，并且在该等事项上应优先于普通股。当前市场价格

““普通股任何一天的每股普通股平均价值是指在截至相关日期较早的10个连续交易日和离岸日期或其他指定日期的前一天的每个交易日内普通股每股VWAP的平均值，并根据第12节所述的任何事件在该期间发生的情况进行适当调整。保存人

““指DTC或其代名人或本公司委任的任何继任托管人。红利发放日

““应具有第(4)(A)节规定的含义。红利期

““应具有第(4)(A)节规定的含义。股息记录日期

“股息起征额

“应具有第(12)(A)(四)节中规定的含义。直接转矩

(a) 」是指存管信托公司。前日期“在用于任何发行或分配时，是指普通股或其他证券的股票在没有权利接受发行或分配的情况下进行交易的第一个日期。“具有第13(A)节规定的含义。到期时间“具有第12(A)(V)节规定的含义。优先派发股息。只要任何可转换优先股的股份仍未支付，除非在股息支付日期已宣布及支付或宣布所有可转换优先股的已发行股票的全部股息，并已为当时结束的股息期间拨出足够支付该等股息的款项，否则本公司不会，亦不会安排其附属公司在该股息支付日开始的下一个股息期间内，就任何初级股票作出任何分派或支付任何股息，或就任何初级股票作出任何分派或赎回、购买、收购或作出任何清盘付款，或就该等股息作出任何保证付款，但以下情况除外：与雇员、高级管理人员、董事或顾问签订雇佣合同、福利计划或其他类似安排或为其利益而购买、赎回或以其他方式收购初级股票；

(b) 根据具有合同约束力的要求购买在当时的股息期开始之前存在的普通股，包括根据具有合同约束力的股票回购计划购买普通股；将任何类别或系列的初级股票交换或转换为任何其他类别或系列的初级股票；根据初级股票的转换或交换条款或被转换或交换的证券购买该股票的零碎权益；

(i) 在上述及非其他情况下，董事会、优先股委员会或其任何其他正式授权委员会所厘定以现金、股票或其他方式支付的股息，可不时从任何合法可供支付股息的任何资产中宣布及支付于任何初级股及平价股，而持有人将无权参与该等股息。

(ii) 记录日期后的换算。

(iii)

(iv) 即使该等股份在股息支付日期前已转换，仍可收取该等股息。然而，该等股份于交回以供转换时，必须附有相等于该等股份的股息的款项；惟如(I)如本公司已发出赎回可换股优先股的通知，(Ii)如本公司已按其选择发出可换股优先股的转换通知，或(Iii)如就全面收购或重大变更作出转换，则无须支付有关款项，每种情况下均须按照本协定的条款进行。

(v) 第五节清算权。

(vi) 清算

如果公司发生任何自愿或非自愿的清算、解散或结束公司事务，持有人应有权从合法可用于此目的的资产中，在公司资产的任何分配或支付给或拨备给任何次级股持有人之前，并在符合任何类别或系列证券的持有人在清算时优先于可转换优先股或与可转换优先股平价的权利以及公司的存款人和其他债权人的权利的情况下，获得全额清算分配，金额为每股50,000美元的清算优先股，加上自上次股息支付日起的任何应计股息，至，但不包括所宣布的清盘、解散或清盘的日期。在公司事务发生任何此类自愿或非自愿清算、解散或清盘的情况下，持有人无权获得任何其他付款，但本节第5款明确规定的除外。

分期付款。

如果公司的资产不足以全额支付清算优先权以及已宣布但尚未向所有持有人和任何Parity股票的所有持有人支付的任何股息，则向持有人和所有Parity股票的持有人支付的金额应根据他们原本有权获得的各自清算分配总额按比例计算。

剩余分配。如果所有持有人和任何平价股票的所有持有人有权获得的各自清算分配总额已支付，则初级股票的持有人将有权根据其各自的权利和偏好接收公司的所有剩余资产。

(a) 如果持有人的权益是代表可转换优先股的全球证书的实益权益，则为了转换，持有人必须遵守上文列出的第(Iii)至(V)条，并遵守托管人转换全球证券实益权益的程式。持有人遵守本条第(Ii)款所述程式的日期为“换算日期。

(b) “转换代理应根据上述第(I)款所述持有人递交的通知的条款，代表持有人将可转换优先股转换为普通股。第九节完全收购时的转换。

(d) 全盘收购转换“)期间(”

完全收购转换期 “)自全盘收购生效之日起(”

整体采购生效日期“)，并于整体收购生效日期后30日止，并可额外收取以下(B)项(B)项所述以整体股份形式持有的普通股。补足股数。“的数量”全流通股份

“应参照下表确定适用的全面收购生效日期和适用的全面收购股票价格的可转换优先股：股票价格生效日期

2008年01月17日

(i) 2009年2月15日

(ii) 2010年2月15日

(iii) 2011年2月15日

(iv) 2012年2月15日

(v) 2013年2月15日

2014年2月15日

(d) 如果整体收购股票价格介于表上的两个整体收购股票价格金额之间，或整体收购生效日期介于表格上的两个日期之间，则基于365天的年度，将通过为较高和较低的整体收购股票价格金额设定的整体股票数量与两个整体收购生效日期之间的直线内插法来确定整体股票的数量；如果全盘收购股票价格超过每股80.00美元(根据第12节进行调整)，在转换可转换优先股时将不会发行全盘股份；以及如整股收购股份价格低于每股26.35美元(须根据第(12)节作出调整)，则于转换可换股优先股时，将不会发行全数股份。上表所列的整体收购股票价格须根据第(12)节进行调整，并应自换算率调整的任何日期起调整。经调整的整体收购股票价格将等于紧接该项调整前适用的整体收购股票价格乘以一个分数，分数的分子为紧接导致整体收购股票价格调整的调整前的换算率，其分母为经调整的换算率。表中的每一股完整股份的数量也应以与第(12)节规定的换算率相同的方式进行调整。

最初的整体收购通知。在本公司预期完成整体收购的日期前二十天或之前(或如较后，在本公司发现整体收购将会发生后立即完成)，本公司或其代表应以头等邮递方式，以预付邮资的方式，按持有人在本公司的记录中所显示的方式，向持有人发出书面通知。该通知应包括：

(a) 预计完成整体收购的日期，以及该等整体收购是否预期为根本性改变；及必须行使完全收购转换选择权的日期，即预期完全收购生效日期后30天。

(b) 第二份全面收购公告。

(i)于整体收购生效日期，本公司或其代表须以头等邮递方式，以预付邮资的方式，向本公司记录所载的持有人发出另一份书面通知。该通知应包括：自完全收购生效之日起30日内；完整股份的数量，如果这种完全收购是根本性的变化，则为基价；

持有人必须遵循的说明，以行使与此类完整收购相关的转换选择权，包括根据第10节的规定(如果适用)。Make-整体采办转换程式。.”

(ii)要行使整体收购转换期权，持有人必须在不迟于纽约市时间下午5点之前，在上文(D)款所述通知中规定的必须行使整体收购转换期权的日期或之前，遵守第(8(E)节规定的程式，并表明其正在行使其整体收购转换期权。未转换的股票仍然是未转换的。

(iii)如果持有人没有选择根据第(9)款行使整体收购转换选择权，则其持有的可换股优先股或后续证券的股份将保持流通状态(以该持有人根据第(10)节选择行使其基本变更转换选择权(如有)为准)。在整体收购转换后交付。

(iv)于整体收购转换时，除持有人于上文第(8)(D)节向本公司或其继承人发出的书面通知中提供的指示另有规定外，转换代理须向持有人交付可就整体收购中的整体股份发行的现金、证券或其他财产。部分完全收购转换。

(c)倘若就可换股优先股股份或持有人所持有的后继证券的股份进行全盘收购转换，本公司或其继承人须于该等全盘收购转换后签立，而除非另有书面指示，否则转换代理应会签并向该持有人交付证明可换股优先股股份或该等后继证券的证书，费用由本公司或其继承人承担。第十节根本性变化时的转换。

根本性的变化转换。

如果与整体收购有关的参考价格低于转换价格(a“

根本性变化

“)，持有人可在基本变动生效日期起至基本变动生效日期后30天止的期间内转换每股可转换优先股，经调整的转换价格等于(1)参考价和(2)18.45美元两者中较大者，但须受以下(B)及(”“)项所述调整的规限。

底价基价调整。

基础价格将于可换股优先股的换算率根据第(12)节调整的任何日期调整。调整后的基础价格应等于紧接该项调整前适用的基础价格乘以一个分数，其分子为紧接导致基础价格调整的调整前的换算率，其分母为如此调整后的换算率。

(d) 现金替代品。在发生重大变化的情况下，本公司可选择以现金(计算至最接近的美分)支付相当于在转换时可发行的每股普通股的参考价格的现金金额，以代替在发生根本变化时发行普通股。

根本改变转换程式。

要根据基本变更行使其转换选择权，持有人必须在纽约市时间下午5：00之前，在根据上文第9(D)节提交的通知中指定的行使基本变更转换选择权的日期或之前，遵守第8(E)节规定的程式，并表明其正在行使其基本更改转换选择权。

未转换的股票仍然是未转换的。

如持有人于根据第(10)节作出重大变更时并无选择行使其转换选择权，则其持有的可换股优先股或后续证券的股份将继续流通(以该持有人根据第(9)节选择行使其整体收购转换选择权(如有)为准)。

在根本性变化转换后交付。

于发生重大变动时进行兑换时，除非持有人在向本公司或其继承人提供的书面通知中提供的指示另有规定，否则兑换代理应向持有人交付可就重大变动后的经调整兑换价格发行的现金、证券或其他财产。部分根本性变化转换。倘若可换股优先股股份或持有者所持有之可换股优先股或后继证券之股份于基本变动时实施换股，本公司或其继承人将于换股后签立，而除非另有书面指示，否则换股代理应会签并向该持有人交付一份证明可换股优先股或持有人所持该等后继证券股份之证书，费用由本公司承担。第11节.由公司选择转换。公司转换权。

于2013年2月15日或之后，本公司有权在任何时间或不时安排部分或全部可换股优先股按当时适用的换股比率转换为普通股，前提是在本公司按本公司发出换股通知日期前一个交易日止的连续30个交易日内的20个交易日内，普通股的收市价超过当时适用的可换股优先股换股价格的130%。

部分转换。

如本公司根据上文(A)项选择安排少于全部可换股优先股的股份转换，则转换代理应选择按比例、以抽签方式或以董事会、优先股委员会或其任何其他正式授权委员会认为公平的其他方式转换可换股优先股。如果转换代理根据本公司的选择选择持有人的可转换优先股的一部分进行部分转换，而该持有人转换其可转换优先股的一部分，则转换后的部分将被视为来自本公司根据本条第11条选择转换的部分。

转换程式。

为行使本节第11款所述的转换权，公司应向每一持有人提供有关转换的通知(该通知为“

可由公司选择转换的通知

“)转换日期应为公司选择的日期(”

在公司日期的选项中折算“)，并不得超过本公司选择提供该等转换通知之日期后20天。除适用法律或法规要求的任何资讯外，公司可选择的转换通知应酌情说明：

在公司日期的选择权进行折算；

转换每股可转换优先股时将发行的普通股数量，如果转换的股票少于持有者的全部股票，则需要转换的普通股数量；待转换的可转换优先股股份数量。第12款.反稀释调整。（a）调整。

(b)在以下情况下，转换率将进行调整，不得重复：（i）发行普通股作为向所有普通股持有人的股息或分配，或普通股的细分或组合，在这种情况下，转换率将根据以下公式调整：

在那里，

(d)CR=

(e)记录日期营运结束时有效的转换率CR

(a)转换率在记录日期后立即生效作业系统

(b)=此类事件生效前记录日营运结束时已发行普通股股数

作业系统

=在这种事件发生后立即发行的普通股的数量，并且完全是由于这种事件尽管有上述规定，将不会调整向所有普通股持有人发行普通股作为股息或分配，以代替向该等持有人发放季度或年度现金股息或分配，只要此类股息或分配不超过适用的股息门槛金额。任何该等股息或分派的金额将等于该等股息或分派的已发行股份数目乘以该等股息或分派前五个连续交易日内每个连续五个交易日普通股的平均VWAP。

(Ii)允许向所有普通股持有人发行某些权利或认股权证，使他们有权在自此类权利或认股权证发行之日起60天或更短的时间内，以低于(或每股转换价格低于)记录日期的当前市场价格购买普通股(或可转换为普通股的证券)的股份，在这种情况下，每个转换率将根据以下公式进行调整：

CR
=CR
X(作业系统

+Y)


在那里，						Cr

						=

记录日期营业结束时的有效换算率

Cr
=
紧随记录日期之后生效的换算率

作业系统

在记录日期收盘时已发行的普通股数量

根据该等权利(或该等证券转换)可发行的普通股股份总数=行使该等权利的应付总价(或转换后支付的该等证券的转换价格)除以在紧接该等权利公布前的前一个营业日的连续十个交易日内普通股的平均VWAP。


然而，换算率将进行重新调整，以使任何此类权利或认股权证在到期前不被行使。
(Iii)向所有持有公司普通股(普通股除外)的普通股持有人支付股息或其他分配，或其负债或资产的证据(不包括上文第(I)或(Ii)或(Iv)或(V)项所述的任何股息、分配或发行)，在此情况下，换算率将根据以下公式调整：
CR
=

服务提供商

(SP


-FMV)

在那里，
Cr
=

记录日期营业结束时的有效换算率

紧随记录日期之后生效的换算率

服务提供商

________________________________________________________________

截至记录日期的当前市场价格

________________________________________________________________

FMV

________________________________________________________________


公司股本股份在记录日的公平市场价值（由董事会确定）、债务或如此分配的资产的证据，以每股普通股金额表示

然而，如果根据本条款（iii）引起调整的交易是普通股股息或其他分配的支付由我们的子公司或其他业务部门的公司股本股份或类似股权组成的交易，（即，衍生产品）正在或发行后将在美国证券交易所交易或在纳斯达克资本市场上市，则转换率将根据以下公式调整：

________________________________________________________________


CR

=

（FMV

）/MP

在那里，

=记录日期营运结束时有效的转换率

“CR=

“转换率在记录日期后立即生效FMV

“=适用于一股普通股持有人的公司股本或类似权益在纽约证券交易所或当时普通股上市或报价的其他国家或地区交易所或市场就该股息或分派在纽约证券交易所或其他国家或地区交易所或市场开始“除分配交易”后的第三个交易日开始的连续10个交易日内，适用于一股普通股的平均VWAP

“下议院议员=

“普通股在纽约证券交易所或其他全国性或地区性交易所或市场上市或报价的股息或分派开始后的第三个交易日(包括之后的第三个交易日)连续10个交易日内普通股的平均VWAP本公司向所有普通股持有人作出完全由现金组成的分配，不包括(A)普通股的任何现金股息，但普通股每股现金股息的总额不得超过(I)如属季度股息，则每股现金股息总额不超过(I)在任何财政季度内，如属季度股息，或(Ii)如属年度股息，则不超过前12个月的1.28美元(每个该等数位，即

“股息起征额“)，(B)作为上文第(Iii)款所述分配的一部分而分配的任何现金，以及(C)以下第(V)款所述公司或其任何子公司提出的投标或交换要约相关的任何应付代价，在这种情况下，转换率将根据以下公式进行调整：

“CR=CR

“X个SP/(SP

“在那里，Cr

“=记录日期营业结束时的有效换算率

“Cr=

“紧随记录日期之后生效的换算率服务提供商

“=截至记录日期的当前市场价格

“=在定期派发季度或年度股息时，公司分配给股东的每股现金金额减去股息门槛金额

“只要根据第(Iv)条对换算率作出的任何调整不会对股息起征额进行调整，则只要换算率被调整，股息起征额将以成反比的方式进行调整。本公司或其一个或多个附属公司根据本公司或本公司的附属公司就普通股发出的收购要约或交换要约购买普通股，条件是有效投标或交换的普通股每股付款中包含的任何其他对价的现金和价值在根据该等投标或交换要约进行投标或交换的最后日期(“到期日”)的下一个交易日超过普通股每股VWAP，在这种情况下，换算率将根据以下公式进行调整：

“CR=CR

“X[(FMV+(SPX作业系统

“)]/(SPX作业系统

“在那里，Cr

“=到期日营业结束时的有效换算率

“Cr=

“在到期日之后立即生效的换算率FMV

(a)在到期日，所有现金和任何其他已支付或应付的代价的总价值在到期日的公平市场价值(由董事会确定)，这些现金和任何其他已支付或应付的代价，是指在到期日有效投标或交换但尚未撤回的股票(“购得股票作业系统, =截至上次根据该等投标或交换要约进行投标或交换时的已发行普通股数量(“到期时间“)减去任何已购买的股份作业系统=到期时已发行的普通股数量，包括任何购买的股票

(b)服务提供商= 普通股的VWAP在紧接到期日后的交易日开始的连续十个交易日中的每一天的平均值。

(c)调整的计算。换股比率的所有调整应由本公司计算至最接近一股普通股的万分之一(或如没有最接近万分之一的普通股，则计算至下一较低的万分之一)。不需要对转换率进行调整，除非这种调整至少需要增加或减少百分之一；

然而，前提是

无需作出的任何该等轻微调整将结转并在任何后续调整中予以考虑，并进一步规定任何少于百分之一的有关调整将于(X)本公司每个财政年度结束时、(Y)根据本公司条文发出的任何可换股优先股赎回通知日期或任何整体收购通知日期及(Z)任何转换日期作出。

当不需要调整时。

交换财产

在该重组事件中，普通股持有人每股普通股的应收款(不含任何利息，也没有任何权利获得记录日期早于适用转换日期的股息或分派)，而该普通股持有人并非与本公司合并或合并成本公司的人，或向其作出上述出售或转让的人(视情况而定)

构成人

“)，或构成人的关联公司，只要该重组事件规定了对公司关联公司和非关联公司持有的普通股的不同处理；

提供

如果在该重组事件中应收证券、现金和其他财产的种类或金额不同于紧接该重组事件发生前由一名成员或其关联人以外的人士持有的每股普通股，则就第(13)(A)节而言，在该重组事件中应收证券、现金和其他财产的种类和金额将被视为作出肯定选择的普通股持有人(或所有该等持有人(如无人作出选择))所收取代价类型和金额的加权平均。在重组事件发生后的每个转换日，当时有效的转换率将适用于根据第13节确定的普通股每股收到的该等证券、现金或其他财产在该转换日的价值。

交换财产选举。

如果普通股持有人有机会选择在该交易中收取的对价形式，则持有人有权获得的对价应被视为是肯定作出选择的普通股持有人(或如果没有选择，则为所有该等持有人)收到的对价类型和金额。根据本条款转换任何可转换优先股时的应收交换财产金额，应根据该转换日期的有效转换率确定。接连发生的重组事件。第13节的上述规定同样适用于连续的重组事件，第12节的规定适用于普通股持有人在任何此类重组事件中收到的任何公司(或任何继承人)股本。

(b)重组事件通知。本公司(或任何继承人)应在任何重组事件发生后20天内，就该事件的发生以及构成交易所财产的现金、证券或其他财产的种类和数额向持有人发出书面通知。未能递送该通知不应影响本节第13条的实施。

(c)第14节投票权。将军

(d)持有者无权就任何事项投票，除非下文第14(B)节所述或特拉华州法律要求。特别投票权。

投票权。

如果和每当可转换优先股或任何其他类别或系列的优先股在股息支付方面与可转换优先股平价，且其投票权相当于根据本条第14(B)(I)条授予的投票权并可行使时，尚未就任何类别或系列支付至少六个季度股息期(无论是否连续)(A)的股息总额

(a)不付款“)，组成董事会的董事人数应增加两人，而持有人(连同任何类别或系列的公司认可优先股持有人，具有同等投票权)有权在不包括普通股持有人的情况下，以单一类别分别投票(投票权按比例分配)，以填补该等新设立的董事职位(以及填补该等董事职位的任何空缺)，但任何该等其他类别或系列的持有人及持有人无权选举该等董事，但如该选举会导致本公司违反纽约证券交易所(或本公司证券可能在其上市的其他交易所)的公司管治规定，即上市公司必须有过半数独立董事，且董事会在任何时候不得包括超过两名该等董事，则该等董事无权选举该等董事。由持有人选出的每一董事以及在支付股息方面与可转换优先股平价并具有同等投票权的任何其他类别或系列的优先股均为“

(b)在上市

然而，前提是

根据当时交易所或自动报价系统的要求，该等普通股可在可转换优先股转换时发行。

第21条。转让代理、转换代理、注册商和支付代理。

正式指定的可转换优先股的转让代理、转换代理、注册处和支付代理应为纽约梅隆银行。本公司可根据本公司与转让代理人之间的协定，自行决定解除转让代理人的职务；但本公司须委任一名继任转让代理人，该代理人须在该项撤职生效前接受该项委任。在任何该等免任或委任后，本公司应以预付邮资的头等邮递方式向持有人发出有关通知。

(c)第222条。更换证书。证书被毁损、销毁、被盗和遗失。

(d) 如果签发了实物证书，公司应在将证书交还给转让代理时更换任何损坏的证书，费用由持有人承担。在向公司和转让代理交付证明证书已被销毁、被盗或丢失的令人满意的证据以及转让代理和公司可能要求的任何赔偿时，公司应更换被销毁、被盗或丢失的证书，费用由持有者承担。转换后的证书。如果发行了实物证书，公司将不需要在适用的转换日期或之后发行代表可转换优先股的任何证书。在适用的转换日期后，转让代理应根据证书以前证明的可转换优先股的条款交付普通股，以取代在适用的转换日期后交付替换证书，在交付上文(A)款所述的证据和赔偿时交付普通股股票。

第223条。表格。

全球优先股。

(a)可转换优先股可以以一股或多股全球永久可转换优先股的形式以最终的、完全登记的形式发行，并以实质上以附件A(每股，a)的形式附上全球图例。全球优先股

(b)“)，在此并入并明确成为本指定证书的一部分。全球优先股可能会有法律、证券交易所规则、本公司须遵守的协定(如有)或惯例所规定的批注、图例或批注(只要任何该等批注、图例或批注采用本公司可接受的形式)。每一股全球优先股所代表的股份总数可不时通过对登记处和托管人或其代名人的记录进行调整而增加或减少，如下所述。本节第23(A)款仅适用于存放在托管机构或代表托管机构的全球优先股。

(i)交付给寄存人。如发行全球优先股，本公司应签立，注册处处长应根据本节初步会签并交付一股或多股全球优先股，该等全球优先股应(I)以受托管理人或其他托管人的名义登记，及(Ii)由注册处处长交付给托管人，或根据从托管人处收到的指示或根据托管人与注册处处长之间的协定由注册处处长作为托管人持有。兹参考本文背面所列的可转换优先股的选择条款和指定证书，其中选择的条款和指定证书在所有目的中应具有与此地所述相同的效力。持有人一经收到本证书，即受指定证书的约束，并有权享有该证书所规定的利益。除非注册处已妥为加签，否则该等可转换优先股股份将无权根据指定证书享有任何利益，或就任何目的而言均属有效或有义务持有。本证书由公司代表公司签署，特此为证.”

(ii)[标题]这将是中国的第一天、第二天、第三天、第二天、第三天、第二天、第二天、第三天、第二天、第二天、第三天、第三天、第二天、第三天、第三天、第二天、第三天的第二天。

(iii)花旗集团作者：

(iv)姓名：标题：

(1)只有当股票证书证明可转换优先股的持证股份时，才应包括这一短语。

这些股票是上述指定证书中所指的可转换优先股。

日期：

纽约梅隆银行作为注册官作者：, 姓名：

标题：

(d) 证书的反转每股可转换优先股的股息应按指定证书中规定的利率支付。

可转换优先股的股份应可按照指定证书中规定的方式和条款进行转换。

可转换优先股的股份可由本公司选择以指定证书所载方式及条款赎回。

本公司应免费向提出要求的每一持有人提供本公司发行的每一类别或系列股本的权力、指定、优惠及相对、参与、选择或其他特别权利，以及该等优惠及/或权利的资格、限制或限制。

作业

对于收到的价值，签署人将在此证明的可转换优先股的股份转让和转让给：

(如有的话，请填上受让人的社会保障或纳税人身分证号码)(插入受让人的地址和邮递区号)，并不可撤销地指定：, 作为转让代理人在转让代理账簿上证明的可转换优先股的股份。代理人可以由他人代为代理。日期：, 签名：

(与您的名字在本证书的另一面完全相同)

签名保证：

(签字必须由符合条件的“担保机构”担保，该机构是银行、股票经纪人、储蓄和贷款协会或信用合作社，符合转让代理人的要求，该要求包括加入或参与证券转让代理人徽章计划(“印章”)或转让代理人可能决定的其他“签字担保计划”，以补充或代替印花，所有这些都符合1934年修订的证券交易法。)

加薪证明书

的

系列累积参股优先股

的

花旗集团(根据第151节)

特拉华州公司法总则)

(a)花旗集团。(“公司”)是根据特拉华州公司法总则根据其第151(G)节的规定组建和存在的公司，特此证明：根据公司董事会优先股委员会的授权，优先股委员会于2010年2月8日通过了以下关于本公司R系列累计参与优先股法定股数的决议：议决将本公司R系列累积参与优先股之法定股份数目由28,000股增加至31,000股，并授权并特此指示本公司有关高级人员以本公司名义及代表本公司签立及向特拉华州州务卿签署及提交增持证书，将构成R系列累积参与优先股之股份数目增加至31,000股，并采取任何及所有其他必要或适当行动以落实本决议案。兹证明，公司已安排由其正式授权的人员于本年8月8日签署本增加税证明书

(b)日2010年2月的一天。

花旗集团

(d)标题：助理司库

(e)修订证书重述的证书的花旗集团的注册成立。

第一：该公司的名称是花旗集团。第二：根据特拉华州一般公司法(“DGCL”)对公司重述公司注册证书的修订证书提交并生效(“生效时间”)后，在紧接生效时间之前发行和发行的每十股公司普通股，每股面值0.01美元，应合并为一(1)股有效发行的、已缴足和不可评估的普通股，每股面值0.01美元，而公司或其持有人不采取任何进一步行动。须遵守以下所述的零碎股份权益处理(“反向股份分拆”)。不得发行与反向股票拆分相关的普通股零碎股份证书。第三：自生效之日起，公司重新颁发的《公司注册证书》第四条第(A)款第(1)款应修改如下： A.公司有权发行的各类股票总数为60.3亿股(6,030,000,000股)。公司有权发行的普通股总数为60亿股(6,000,000,000股)普通股，每股面值1美分(0.01美元)。公司有权发行的优先股总数为3000万股(30,000,000股)，每股面值为1美元(1.00美元)。

第四：上述修正案是根据特拉华州《公司法总法》第242节的规定正式通过的。第五条：上述修正案自下午4时10分起生效。(东部时间)5月6日日

在证人证词中，

本公司已于2011年5月6日由其正式授权的人员签署了本修订证书。

花旗集团

作者：

/S/迈克尔·S·赫尔费尔

姓名：

迈克尔·S·赫尔弗

标题：

总法律顾问兼公司秘书

授权证书

的

5.950%固定利率/浮动利率非累积优先股，


A系列

的
花旗集团。
根据《公约》第151条

德拉瓦州一般公司法

花旗集团、

特拉华州一家公司(以下简称“公司”)特此证明：

1.根据公司重新发布的《公司注册证书》(已于本公告日期修订)将公司有权发行的各类股本的股份总数确定为60亿股(6,000,000,000股)普通股，每股面值0.01美元，3,000万股(30,000,000股)优先股，每股面值1美元。

2.根据公司注册证书明确授权本公司董事会(“董事会”)规定发行系列优先股股份，并不时厘定每个该等系列股份应包括的股份数目，以及厘定每个该等系列股份的名称、权力、优惠及权利及其资格、限制或限制。

3.根据授予定价委员会的权力(以下简称“委员会”)进行审查。

定价委员会

“)经董事会批准，定价委员会于2012年10月22日正式采取行动，通过决议(I)授权发行和出售至多60,000股本公司优先股，以及(Ii)批准本最终形式的5.950固定利率/浮动利率非累积优先股A系列指定证书(以下简称A系列)”

系列A优先股

“)确定纳入本系列A类优先股的股份数量，并确定本系列A类优先股的指定、权力、优先股和权利及其资格、限制或限制如下：


第一节.指定。
该系列优先股的名称为“5.950固定利率/浮动利率非累积优先股，A系列”(以下简称“A系列优先股”)。A系列优先股的每股在各方面应与A系列优先股的其他每一股相同。


第二节股份数目。

A系列优先股授权股数为6万股。该数目可不时增加(但不超过优先股的法定股份总数)或减少(但不低于当时已发行的A系列优先股的股份数目)，方法是董事会、定价委员会或其任何其他正式授权委员会正式通过进一步决议，并根据特拉华州公司法的规定提交证书，说明有关增加或减少(视情况而定)已获授权。公司有权发行A系列优先股的零碎股份。

第三节定义。

如本文针对系列A优先股所使用的：

适当的联盟银行机构

指1950年修订的《联盟存款保险法》第3(Q)节或任何后续条款中定义的与本公司有关的“适当的联盟银行机构”。

董事会“具有上述演奏会中所阐述的含义。营运日计算代理

“指以A系列优先股及其继承人和受让人计算代理人的身分行事的转让代理。

普通股“指每股面值为0.01美元的公司普通股，或该等普通股应重新分类或变更为公司股本的任何其他股份。保存人“指DTC或其代名人或本公司委任的任何继任托管人。红利发放日“应具有本合同第(4)(A)节规定的含义。红利期

“应具有本合同第(4)(A)节规定的含义。股息记录日期“应具有本合同第(4)(A)节规定的含义。

直接转矩」是指存管信托公司。保持器

“指以其名义登记A系列优先股股份的人士，该人可被本公司、计算代理人、转让代理人、登记处及支付代理人视为A系列优先股股份的绝对拥有者，以支付款项及所有其他目的。初级股

标题：

作者：

姓名：标题：司法常务官会签

日期：ComputerShare Trust Company，N.A.为注册处处长作者：姓名：

标题：

证书的反转

A系列优先股的每股股息应按指定证书中规定的利率支付。

A系列优先股的股份可由本公司以指定证书所载方式及条款的选择权赎回。

作业

对于收到的价值，签署人将在此证明的A系列优先股的股份转让和转让给：

(如有的话，请填上受让人的社会保障或纳税人身分证号码)

(填写受让人地址和邮递区号)

并不可撤销地任命：

作为转让代理人转让A系列优先股的股份，现在转让代理人的账簿上证明。代理人可以由他人代为代理。日期：签名：

(与您的名字在本证书的另一面完全相同)

签名保证：

授权证书

的

5.90%固定利率/浮动利率非累积优先股，B系列的

花旗集团

根据《联合国宪章》第151条

德拉瓦州一般公司法花旗集团(y) ，特拉华州一家公司(“本公司”)特此证明：

3.根据授予定价委员会的权力(以下简称“委员会”)进行审查。

定价委员会

“指DTC或其代名人或本公司委任的任何继任托管人。

红利发放日

“应具有本协定第4(A)节规定的含义。

红利期

“应具有本协定第4(A)节规定的含义。

股息记录日期“应具有本协定第4(A)节规定的含义。直接转矩

」是指存管信托公司。

保持器

“指B系列优先股的股份登记在其名下的人，公司、计算代理人、转让代理人、注册人和支付代理人可将该人视为B系列优先股股份的绝对拥有者，用于付款和所有其他目的。初级股

““指普通股及本公司现有或以后获授权的任何其他类别或系列的股票，在本公司任何自愿或非自愿的清算、解散或清盘时，B系列优先股在派发股息或分配资产方面享有优先权或优先权。伦敦银行同业拆借利率确定日期

““指紧接有关股息期首日之前的第二个伦敦银行日。伦敦银行日

““指商业银行在伦敦营业的任何一天(包括美元存款交易)。不付款

““应具有本协定第7(B)(I)节规定的含义。官

“(清算优先权为每股25,000美元)花旗集团，特拉华州一家公司(“本公司”)，特此证明[](“持有人”)是本公司指定的、面值为每股1.00美元、清算优先权为每股25,000美元的固定利率/浮动利率非累积优先股B系列(“B系列优先股”)的[]缴足股款及不可评估股份的登记拥有人。B系列优先股的股份可于交回本证书后，亲自或由正式授权的受权人在注册处的簿册及记录上转让，并以适当的转让形式予以转让。本书所述B系列优先股的名称、权利、特权、限制、优惠及其他条款及条文，在各方面均受日期为2012年12月[]的指定证书(“指定证书”)的规定所规限(“指定证书”)。此处使用但未定义的大写术语应具有《指定证书》中赋予它们的含义。公司将在其主要营业地点向公司提出书面要求时，免费向持有人提供指定证书的副本。

“兹参考本文背面所列B系列优先股的精选条款和指定证书，其中精选条款和指定证书在所有目的中应具有与此地所述相同的效力。持证人一经收到本证书，即受指定证书的约束，并有权享有该证书所规定的利益。

“除非注册处已适当会签，否则该等B系列优先股股份将无权享有指定证书下的任何利益，亦不得就任何目的而具有效力或义务。本证书由公司代表公司签署，特此为证

“[标题]并通过它的

“[标题]_年_月_日。

“花旗集团。由：_

“姓名：标题：

“由：_姓名：

“标题：司法常务官会签

“这些股票是上述指定证书中所指的B系列优先股。日期：

“ComputerShare Trust Company，N.A.为注册处处长

“姓名：标题：

“证书的反转*B系列优先股每股的股息应按指定证书中规定的利率支付。

“*B系列优先股的股份可由本公司选择以指定证书所载方式及条款赎回。本公司应免费向提出要求的每一持有人提供本公司发行的每一类别或系列股本的权力、指定、优惠及相对、参与、选择或其他特别权利，以及该等优惠及/或权利的资格、限制或限制。

“作业根据收到的价值，签署人将所证明的B系列优先股的股份转让和转让给：

“(如有的话，请填上受让人的社会保障或纳税人身分证号码)(填写受让人地址和邮递区号)

“并不可撤销地任命：作为转让代理人转让A系列优先股的股份，现在转让代理人的账簿上予以证明。代理人可以由他人代为代理。

“日期：签名：

“(与您的名字在本证书的另一面完全相同)签名保证：___________________________________________________

“(签字必须由符合条件的“担保机构”担保，该机构是银行、股票经纪人、储蓄和贷款协会或信用合作社，符合转让代理人的要求，该要求包括加入或参与证券转让代理人徽章计划(“印章”)或转让代理人可能决定的其他“签字担保计划”，以补充或代替印花，所有这些都符合1934年修订的证券交易法。)所有权证书和合并

“正在合并花旗集团融资公司。

“（德拉瓦州一家公司）With和Into

“花旗集团(特拉华州一家公司)

“(根据《条例》第253条特拉华州一般公司法)

“花旗集团，特拉华州的一家公司(“花旗”)，特此证明：第一

：**花旗集团拥有特拉华州公司(CFI)花旗集团融资公司(Citigroup Funding Inc.)的所有流通股。

第二

：-花旗集团董事会在2012年6月18日举行的董事会会议上通过了某些决议，包括以下正式通过的决议，其中董事会决定根据特拉华州公司法第253条将CFI与花旗集团合并并并入花旗集团：

解决，根据本次会议讨论的所有因素和向花旗集团(“花旗”)董事会(“董事会”)成员提供的资料，董事会特此决定，将花旗集团旗下特拉华州公司、花旗集团的全资附属公司花旗融资有限公司(“CFI”)与花旗集团合并并并入花旗集团(“合并”)是明智的，也是符合花旗及其股东的最佳利益的；

“进一步解决(A)根据《特拉华州公司法》第253条，在向特拉华州国务秘书办公室提交所有权证书和合并证书后，或在该所有权证书和合并证书指定的时间，CFI将与花旗集团合并并并入花旗集团，花旗集团将是尚存的公司；。(B)由于合并，CFI已发行和已发行的普通股的每股股份须被注销，不得为此支付任何代价，CFI的单独存在将停止。(C)在合并的同时，花旗集团将承担紧接合并前存在的CFI的所有权利和义务，包括但不限于，支付CFI所有未偿还票据、债券和商业票据的本金、利息和溢价的义务，以及支付CFI其他未偿还资金义务、工具或证券的到期金额的义务，包括但不限于其指数认股权证；。(D)花旗集团应并在此获授权订立任何及所有合约、票据、契据，获授权人员就合并及承担前述(C)、(E)项所述权利及义务而认为适当、可取或必需的协定及其他档案及其任何补充或修订。(E)在紧接合并生效前有效的花旗集团公司注册证书及附例，即为该尚存公司的公司注册证书及附例。

“(F)紧接合并前的花旗集团的高级人员及董事应为该尚存的法团的高级人员及董事；及进一步解决

“，首席执行官、总裁、任何副主席、首席财务官、总法律顾问、公司秘书、首席会计官、司库、副司库或花旗集团总裁副行长授权的任何高级人员(各为“获授权人员”)，现授权并指示他们每人以花旗集团的名义和代表花旗集团签立一份关于该合并的所有权和合并证书，其中列出董事会授权合并的决议的副本和通过该等决议的日期，并按照《特拉华州国务秘书办公室条例》第103和253条的规定，安排将这些档案提交特拉华州国务秘书办公室。第三

“: 本所有权和合并证书（以及此处提及的合并）将于2012年12月31日晚上11：58（德拉瓦州威尔明顿当地时间）生效。 [签名页如下]

“花旗集团有限公司作为证人已导致其正式授权官员于以下日期签署本所有权和合并证书。花旗集团

“作者： /s/约瑟夫·博诺科尔

(i) 姓名：约瑟夫·博诺科尔职务：副财务主管日期：

(ii) 2012年12月12

(iii) 授权证书

“的5.80%非刺激性库存C系列

“的花旗集团

“根据第151条德拉瓦州一般公司法

“ 花旗集团，德拉瓦州一家公司（「公司」），特此证明：

““具有上述演奏会中所阐述的含义。营运日

““指不是纽约市国定假日，也不是法律或法规授权或要求纽约市银行机构关闭的任何工作日。计算代理

““指以C系列优先股及其继承人和受让人的计算代理身分行事的转让代理。普通股

““指每股面值为0.01美元的公司普通股，或该等普通股应重新分类或变更为公司股本的任何其他股份。保存人

““指DTC或其代名人或本公司委任的任何继任托管人。红利发放日

““应具有本协定第4(A)节规定的含义。红利期

““应具有本协定第4(A)节规定的含义。股息记录日期

“直接转矩

“」是指存管信托公司。保持器

““指C系列优先股的股份以其名义登记的人，公司、计算代理人、转让代理人、注册人和支付代理人可将该人视为C系列优先股股份的绝对拥有者，用于付款和所有其他目的。初级股

““指普通股及本公司现有或日后获授权的任何其他类别或系列股票，C系列优先股在支付股息或在本公司任何自愿或非自愿清算、解散或清盘时的资产分配方面享有优先权或优先权。不付款

““应具有本协定第7(B)(I)节规定的含义。官

““指本公司的首席执行官、董事长、首席行政官、任何副主席、首席财务官、财务总监、首席会计官、司库、任何副司库、任何助理司库、任何副总裁、总法律顾问兼公司秘书及任何助理秘书。人

“是指法人，包括任何个人、公司、房地产、合伙企业、合营企业、协会、股份公司、有限责任公司、信托或者其他实体。

(a) 优先股董事“应具有本协定第7(B)(I)节规定的含义。优先股董事终止日期“应具有本协定第7(B)(4)节所规定的含义。书记官长“指以C系列优先股登记人的身分行事的转让代理及其继承人和受让人。监管资本事件“指本公司真诚地决定，由于(I)对C系列优先股的任何股份首次发行后颁布或生效的美国法律或法规或美国的任何政治分区的任何修订、澄清或更改，(Ii)在C系列优先股的任何股份首次发行后宣布或生效的该等法律或法规的任何拟议更改，或(Iii)在任何C系列优先股首次发行后宣布的解释或实施与此相关的法律或法规或政策的任何官方行政决定或司法决定或行政行动或其他官方声明，公司将有权根据当时有效和适用的美联储资本充足率指导方针(或如适用，任何后续适当的联盟银行机构的资本充足率指导方针或规定)将当时有效且适用的C系列优先股每股25,000美元的全部清算优先股金额视为“一级资本”(或其等价物)，这是一种微不足道的风险。只要C系列优先股的任何股份都是流通股。C系列清算优先权“应具有本协定第5(A)节规定的含义。

C系列优先股

(b) “应具有本协定第一节所规定的含义。C系列优先股证书

(c) 本公司不是尚存实体或结果实体的，被转换或交换为尚存或结果实体或其最终母公司的优先证券，该实体是根据美利坚合众国、其任何州或哥伦比亚特区的法律组织和存在的实体，并且是美国联盟所得税公司(或如果该实体不是公司，则本公司已收到在该等事项方面经验丰富的全国公认律师的意见，大意是，在该等合并或合并后，持有者将因美国联盟所得税的目的而就该等新的优先证券缴纳相同数额的税，同时及以与上述合并或合并前C系列优先股的情况相同的方式)，及(Ii)该等尚未发行的C系列优先股或该等优先证券(视属何情况而定)整体而言对持有人的权利、优先权、特权及投票权并不比C系列优先股的整体权利、优先权、特权及投票权为低；但前提

(i) 为免生疑问，在公司清盘、解散或清盘时，就股息的支付(不论该等股息是否累积或非累积)及/或资产分配而言，C系列优先股或任何可转换为优先股的证券的款额的任何增加，或其他系列优先股或任何可转换为优先股的证券的设立及发行，或任何可转换为与C系列优先股同等及/或低于C系列优先股的证券的授权或发行金额的增加，将不会被视为对C系列优先股的投票权、优先权或特别权利产生不利影响。任何股东都无权因本第7条的规定而对此类增发、创设或发行进行投票。

(ii) 如果本第7(C)条规定的任何修订、变更、废除、换股、重新分类、合并或合并将对C系列优先股产生不利影响，但不是本公司所有系列优先股，则只有受到不利影响并有权就此事投票的优先股系列才应与C系列优先股作为一个单一类别(而不是所有其他优先股系列)一起就该事项进行投票，以达到本第7(C)条所要求的投票或同意的目的。

(iii) 如果赎回，则投反对票

(iv) 。根据第7(B)或7(C)节，倘于本公司须就投票或同意作出行动时或之前，本公司应已赎回或已要求赎回所有C系列优先股已发行股份，并已发出适当通知及已就该等赎回预留足够资金，则根据第7(B)或7(C)节，本公司应已赎回或要求赎回C系列优先股所有已发行股份，并已根据上文第7(B)或7(C)节预留足够资金。

(v) 第8节.优先购买权和转换权

(vi) 持有者不应因本协定条款而享有任何优先购买权或转换权。

第9节.职级

为免生疑问，董事会或其任何正式授权委员会可不经持有人投票而授权及发行额外的初级股票或本公司现有或以后获授权的任何类别或系列股票的股份，而该等股份在支付股息或在本公司任何自愿或非自愿清盘、解散或清盘时与C系列优先股同等。

(e) 第10节.重新获得的股份董事会应采取必要行动，使本公司已赎回或以其他方式购买或收购的C系列优先股的股份注销，并恢复为未指定系列的授权但未发行的优先股的状态。

第11条.无偿债基金

C系列优先股的股票不受偿债基金运作的约束。

(a) 第12节转账代理人、计算代理人、登记官及付款代理人C系列优先股的正式指定转让代理人、计算代理人、注册人和支付代理人应为ComputerShare Trust Company，N.A.公司可根据公司与转让代理人之间的协定自行决定解除转让代理人；

(b) 但前提，公司应指定一名继任转让代理人，该代理人应在该项免职生效前接受该项委任。在任何该等免任或委任后，本公司应以预付邮资的头等邮递方式向持有人发出有关通知。

(c) 第13节损坏、销毁、被盗和遗失的证书的更换证书如果签发了实物证书，公司应在将证书交还给转让代理时更换任何损坏的证书，费用由持有人承担。在向公司和转让代理交付证明证书已被销毁、被盗或丢失的令人满意的证据以及转让代理和公司可能要求的任何赔偿时，公司应更换被销毁、被盗或丢失的证书，费用由持有者承担。

(d) 第T14节表格C系列优先股股票

C系列优先股应以经认证的形式发行，其形式基本上与本文件所附附件A(每个，a)的形式相同

(a) C系列优先股证书“)。附件A特此并入并明确成为本指定证书的一部分。C系列优先股证书可能有法律、证券交易规则、公司必须遵守的协定(如果有的话)或惯例所要求的符号、图例或背书(前提是任何此类符号、图例或背书采用公司可接受的形式)。

（b）

(b) 签名两名高级管理人员应根据公司章程和适用法律，以手工或传真方式签署公司的任何C系列优先股证书。如果在C系列优先股证书上签字的高级职员在转让代理会签C系列优先股证书时不再担任该职位，则该C系列优先股证书仍然有效。在转让代理的授权签字人手动加签C系列优先股证书之前，C系列优先股证书无效。每张C系列优先股证书的日期应为其会签日期。

(i) 第15节.税收

(ii) 转让税

(iii) 。公司应支付与发行或交付C系列优先股股票有关的任何和所有股票转让、单据、印花税和类似税款。然而，本公司无须就发行或交付C系列优先股股份所涉及的任何转让(C系列优先股股份的登记名称除外)缴付任何该等税款，或就支付予任何人的任何付款(付款予该等优先股的登记持有人除外)，并无须作出任何该等发行、交付或付款，除非与直至以其他方式有权获得该等发行、交付或付款的人已向本公司缴付任何该等税款的款额或已确立令本公司满意的款额，该等税项已缴付或无须缴付。

(iv) 扣缴

(v) 。对C系列优先股股票的所有付款和分配(或被视为分配)应在法律要求的范围内预扣和备用预扣税款，但须遵守适用的豁免，如果有预扣金额，应视为持有人已收到。

第16节.通告

(c) 本合同提及的所有通知应以书面形式发出，除非本合同另有规定，否则本合同项下的所有通知应视为在收到通知的较早日期或以挂号信或挂号信邮寄后三个工作日发出(除非根据本指定证书的条款，此类通知特别允许以第一类邮件发送)，并预付邮资：(I)如寄往本公司、其位于纽约Park Avenue 399，New York 10043的办公室(注意：公司秘书)，或寄往本公司位于02021马萨诸塞州02021 Royall Street 250Royall Street的办公室或本公司的其他代理按本指定证书许可指定，或(Ii)如发给任何持有人，则寄往本公司股票记录簿所载有关持有人的地址(可包括过户代理的记录)或(Iii)本公司或任何该等持有人(视情况而定)以类似方式发出的通知所指定的其他地址。

(d) 第17条放弃的其他权利。C系列优先股的股份没有投票权、优先权或相对的、参与的、可选择的或其他特殊权利，或其资格、限制或限制，但本文或本公司的公司注册证书中规定的除外。兹证明，本指定证书已由本公司首席会计官于本年25年代表本公司签署日

(e) [标题] 性和

[标题]

_日。

花旗集团

(a) 作者：_ 姓名：

(b) 标题：作者：_

(d) 注册人的反签名这些是上述指定证书中提及的C系列优先股的股份。

(e) 日期： CLARTERSHARE TRUSt Company，NA，为书记官长

(i) 作者：_

(ii) 姓名：

(iii) 标题：

(iv) 证书的逆转

(v) 每股C系列优先股的股息应按照指定证书中规定的费率支付。

此外，C系列优先股的股份可由本公司按指定证书所载方式及条款选择赎回。本公司应免费向提出要求的每一持有人提供本公司发行的每一类别或系列股本的权力、指定、优惠及相对、参与、选择或其他特别权利，以及该等优惠及/或权利的资格、限制或限制。作业

根据收到的价值，签署人将所证明的C系列优先股的股份转让和转让给：

(a) (如有的话，请填上受让人的社会保障或纳税人身分证号码)(填写受让人地址和邮递区号)并不可撤销地任命：作为转让代理人转让A系列优先股的股份，现在转让代理人的账簿上予以证明。代理人可以由他人代为代理。日期：签名：(与您的名字在本证书的另一面完全相同)签名保证：___________________________________________________

(b) (签字必须由符合条件的“担保机构”担保，该机构是银行、股票经纪人、储蓄和贷款协会或信用合作社，符合转让代理人的要求，该要求包括加入或参与证券转让代理人徽章计划(“印章”)或转让代理人可能决定的其他“签字担保计划”，以补充或代替印花，所有这些都符合1934年修订的证券交易法。)授权证书的5.350%固定利率/浮动利率非累积优先股，


	D系列
的	$26.35	$29.00	$31.50	$34.00	$36.50	$39.00	$41.50	$45.00	$50.00	$55.00	$60.00	$70.00	$80.00
花旗集团	415.0586	336.6450	280.8732	237.7517	203.8817	176.8906	155.0925	131.0448	105.8382	87.7535	74.3142	55.9120	44.0147
根据《联合国宪章》第151条	415.0586	335.6342	277.8014	233.2029	198.3240	170.6875	148.5209	124.2930	99.2609	81.6261	68.7560	51.5750	40.7288
董事会	407.7693	323.3739	263.5573	217.7120	182.0825	154.1127	131.9261	108.0402	83.9517	67.5097	55.8939	41.0257	32.1297
“具有上述演奏会中所阐述的含义。	395.7941	307.9461	245.7090	198.1091	161.3901	132.8521	110.5226	86.9818	64.1080	49.3099	39.4578	27.8596	21.5687
营运日	381.2183	289.4432	223.9699	173.5976	134.6697	104.5878	61.4242	57.8404	36.6760	24.6960	17.9378	11.5860	9.0663
“指不是纽约市国定假日，也不是法律或法规授权或要求纽约市银行机构关闭的任何工作日。	357.8192	261.7929	193.6996	140.8052	98.3019	63.0255	33.5871	4.8144	0.0000	0.0000	0.0000	0.0000	0.0000
计算代理	332.5456	231.2139	162.2294	112.0320	74.8500	46.3888	24.1098	3.2856	0.0000	0.0000	0.0000	0.0000	0.0000
“指以D系列优先股及其继承人和受让人的计算代理身分行事的转让代理。	305.5166	179.3119	85.2333	2.7684	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0 0000	0.0000

(i) 普通股

(A)

(B) 保存人

(ii) 红利发放日

(i) “应具有本协定第4(A)节规定的含义。

(ii) 股息记录日期

(d) “应具有本协定第4(A)节规定的含义。直接转矩

(i) 」是指存管信托公司。

(ii) 保持器

(iii) “指以其名义登记D系列优先股股份的人，公司、计算代理人、转让代理人、登记处及付款代理人可将该人视为D系列优先股股份的绝对拥有者，以付款及所有其他目的。

(iv) 初级股

(e)

(f) 伦敦银行同业拆借利率确定日期“指紧接有关股息期首日之前的第二个伦敦银行日。

(g) 伦敦银行日

(h) 不付款“应具有本协定第7(B)(I)节规定的含义。

官

(a) “指本公司的首席执行官、董事长、首席行政官、任何副主席、首席财务官、财务总监、首席会计官、司库、任何副司库、任何助理司库、任何副总裁、总法律顾问兼公司秘书及任何助理秘书。人“是指法人，包括任何个人、公司、房地产、合伙企业、合营企业、协会、股份公司、有限责任公司、信托或者其他实体。优先股董事“应具有本协定第7(B)(I)节规定的含义。”).

(b) 优先股董事终止日期“应具有本协定第7(B)(4)节所规定的含义。

(d) 监管资本事件优先股的比例

(f) 花旗集团的名字。(根据《总则》第243条

(g) 特拉华州公司法)花旗集团是根据特拉华州《公司法》正式成立并存续的公司，兹证明如下：

(h) 第一：花旗集团经修订的重新注册证书(“注册证书”)授权发行66,700股6.5%非累积可转换优先股T系列(“T系列优先股”)，每股面值1.00美元，每股声明价值25,000美元。第二：花旗集团已经注销了t系列优先股的所有授权股份。

第三：根据特拉华州公司法第243条的规定，被指定为优先股，系列t的股票在此恢复为花旗集团优先股的授权但未发行的股份的状态。

(a) 特此作证，花旗集团。已促使本证书由以下正式授权的助理司库签署1St

(b) 2013年7月的一天。花旗集团。

(i) 的

(ii) 花旗集团

(iii) 根据《联合国宪章》第151条

德拉瓦州一般公司法

记者花旗集团报道。，特拉华州一家公司(“本公司”)特此证明：根据《公司注册证书》(以下简称《公司注册证书》)，公司有权发行60亿股(6,000,000,000股)普通股，每股面值为0.01美元，3,000万股(30,000,000股)优先股，每股面值1，00美元。

*公司注册证书明确授权本公司董事会(“董事会”)规定发行系列优先股股份，并不时厘定每个该等系列的股份数目，以及厘定每个该等系列股份的名称、权力、优惠及权利及其资格、限制或限制。


*1定价委员会0“)经董事会批准，定价委员会于2013年9月12日正式采取行动，通过决议(I)授权发行和出售至多41,400股公司优先股，以及(Ii)批准本最终形式的J系列固定利率/浮动利率非累积优先股7.125%的指定证书(1J系列优先股0)

“)确定纳入J系列优先股的股份数量，并确定J系列优先股的指定、权力、优先股和权利及其资格、限制或限制如下：

第1节.指定0	该系列优先股的名称应为“7.125固定利率/浮动利率非累积优先股，J系列”(“J系列优先股”)。每一股	J系列优先股应在各方面与J系列优先股的所有其他股份相同。
1	J系列优先股的授权股数为41,400股。该数目可不时增加(但不超过优先股的法定股份总数)或减少(但不低于当时已发行的J系列优先股的股份数目)，方法是董事会、定价委员会或其任何其他正式授权委员会正式通过进一步决议，并根据特拉华州公司法的规定提交证书，说明该项增加或减少(视情况而定)已获授权。公司有权发行J系列优先股的零股。	第3节.定义
。如本文针对J系列优先股所使用的：0	适当的联盟银行机构	指1950年修订的《联盟存款保险法》第3(Q)节或任何后续条款中所定义的与本公司有关的“适当的联盟银行机构”。
董事会1	“具有上述演奏会中所阐述的含义。	营运日

“指不是纽约市国定假日，也不是法律或法规授权或要求纽约市银行机构关闭的任何工作日。

计算代理


“指以J系列优先股及其继承人和受让人的计算代理身分行事的转让代理。1普通股o“指每股面值为0.01美元的公司普通股，或该等普通股应重新分类或变更为公司股本的任何其他股份。o保存人o“指DTC或其代名人或本公司委任的任何继任托管人。

红利发放日

“应具有本协定第4(A)节规定的含义。0	红利期	“应具有本协定第4(A)节规定的含义。
股息记录日期1	“应具有本协定第4(A)节规定的含义。	直接转矩
」是指存管信托公司。0	保持器
X	代理人可以由他人代为代理。	日期：
Y	签名：	(与您的名字在本证书的另一面完全相同)

签名保证：___________________________________________________


1 优先股的比例花旗集团的名字。0 x (根据《总则》第243条0 / 特拉华州公司法)0花旗集团是根据特拉华州《公司法》正式成立并存续的公司，兹证明如下：



第二：R系列优先股尚未发行或将发行。0	第三：根据特拉华州公司法第243条的规定，公司注册证书中对R系列优先股的所有提及在此被删除，指定为该系列的股票在此恢复为花旗集团优先股的授权但未发行的股票的状态。	特此作证，花旗集团。已促使本证书由以下正式授权的助理国务卿签署
日1	2013年10月的那一天。	花旗集团。
*人士：0	该系列优先股的名称应为“6.875固定利率/浮动利率非累积优先股，K系列”(“K系列优先股”)。K系列优先股的每一股在各方面应与k系列优先股的其他每一股相同。	第二节股份数量
K系列优先股的授权股数为59,800股。该数目可不时由董事会、优先股委员会或其任何其他正式授权委员会正式通过的进一步决议案以及根据特拉华州公司法的规定提交证书述明该项增加或减少(视情况而定)而增加(但不超过优先股的法定股份总数)或减少(但不低于当时已发行的k系列优先股的股份数目)。本公司有权发行k系列优先股的零股。	第3节.定义	。如本文针对k系列优先股所使用的：

适当的联盟银行机构


指1950年修订的《联盟存款保险法》第3(Q)节或任何后续条款中所定义的与本公司有关的“适当的联盟银行机构”。1 董事会“具有上述演奏会中所阐述的含义。0 x 营运日0“指不是纽约市国定假日，也不是法律或法规授权或要求纽约市银行机构关闭的任何工作日。计算代理0“指以k系列优先股及其继承人和受让人的计算代理身分行事的转让代理。0

普通股

“指每股面值为0.01美元的公司普通股，或该等普通股应重新分类或变更为公司股本的任何其他股份。0	保存人	“指DTC或其代名人或本公司委任的任何继任托管人。
红利发放日1	“应具有本协定第4(A)节规定的含义。	红利期
信任0	“应具有第6(D)节所给出的含义。	第四节分红
率0	。当董事会或其任何正式授权的委员会宣布时，持有者有权从合法可用资金中获得k系列优先股每股的非累积现金股息，金额如下第4节所述，自2014年2月15日起，包括发行之日起，每年2月15日、5月15日、8月15日和11月15日按季度支付；	然而，前提是

(iv) 如果任何此类日期不是营业日，则将在随后的下一个营业日支付任何原本应在该日支付的股息(除非在2023年11月15日之后，该日落在下一个日历月，在这种情况下，任何否则应支付的股息将在之前的第一个营业日支付)，(I)在2023年11月15日或之前，不就该延迟支付任何利息或其他款项，以及(Ii)在2023年11月15日之后，股息应计至实际支付日期(每个应支付股息的日期)红利发放日“)。自k系列优先股发行日期或任何股息支付日期起至(但不包括)下一个股息支付日期的期间为“


红利期1“0股息记录日期0“)。任何属于股息记录日期的日期都将是股息记录日期，无论该日期是否为营业日。在2023年11月15日或之前支付的股息金额将以360天的一年12个30天的月为基础计算。2023年11月15日以后支付的股息金额将以一年360天和实际经过的天数为基础计算。0 -C)



。如果董事会或其任何正式授权的委员会没有在相关股息支付日期之前的任何股息期间宣布k系列优先股的股息，该股息将不会产生，本公司将没有义务在相关股息支付日期或未来任何时间支付该股息期间的股息，而持有人也无权收取股息，无论是否宣布了k系列优先股或任何其他系列优先股或普通股的股息。本文中提及的股息“应计”仅指确定股息的数额，并不意味著在宣布股息之日之前产生任何股息权利。0	派息的优先次序	。只要K系列优先股的任何股份仍未发行，本公司将不会、亦不会安排其附属公司在该股息支付日开始的下一个股息期内，宣布及支付或宣派K系列优先股所有已发行股份的全部股息，并已就该股息期末拨备足够支付该等股息的款项，否则本公司不会、亦不会安排其附属公司在该股息支付日开始的下一个股息期间宣布或支付任何股息、作出任何
与任何初级股票有关的分派，或与之有关的赎回、购买、收购或支付清算款项，或与之有关的任何担保付款，但以下情况除外：1	(I)因与雇员、高级人员、董事或顾问订立的任何雇佣合约、福利计划或其他类似安排或为该等雇员、高级人员、董事或顾问的利益而购买、赎回或以其他方式取得初级股票的股份；	(2)根据具有合同约束力的要求购买在当时的股息期开始之前存在的普通股，包括根据具有合同约束力的股票回购计划购买普通股；
特此证明，本证书已由其代表公司签署 0	[标题]	性和
C	[标题]	_日。

花旗集团

(v) 作者：_


姓名： 1标题：0作者：_ 1姓名： 1标题：1注册人的反签名 0)

这些是上述指定证书中提及的k系列优先股的股份。

日期： 0	CLARTERSHARE TRUSt Company，NA，为书记官长	作者：_
姓名： 1	标题：	证书的逆转
*k系列优先股的每股股息应按指定证书中规定的利率支付。	*k系列优先股的股份可由本公司选择以指定证书所载方式及条款赎回。	本公司应免费向提出要求的每一持有人提供本公司发行的每一类别或系列股本的权力、指定、优惠及相对、参与、选择或其他特别权利，以及该等优惠及/或权利的资格、限制或限制。作业”)
根据收到的价值，签署人将证明的k系列优先股的股份转让和转让给：1	(如有的话，请填上受让人的社会保障或纳税人身分证号码)	(填写受让人地址和邮递区号)并不可撤销地任命：作为转让代理，转让代理账簿上证明的K系列优先股的股份。代理人可以由他人代为代理。
日期：0	签名：	(与您的名字在本证书的另一面完全相同)
签名保证：___________________________________________________1	(签字必须由符合条件的“担保机构”担保，该机构是银行、股票经纪人、储蓄和贷款协会或信用合作社，符合转让代理人的要求，该要求包括加入或参与证券转让代理人徽章计划(“印章”)或转让代理人可能决定的其他“签字担保计划”，以补充或代替印花，所有这些都符合1934年修订的证券交易法。)	更正后的指定证书

(b) 的6.300%固定利率/浮动利率非累积优先股系列M的花旗集团

(i) 董事会

(ii) “具有上述演奏会中所阐述的含义。营运日“指不是纽约市国定假日，也不是法律或法规授权或要求纽约市银行机构关闭的任何工作日。计算代理

(iii)

普通股

(B) “指每股面值为0.01美元的公司普通股，或该等普通股应重新分类或变更为公司股本的任何其他股份。

(iv) “指DTC或其代名人或本公司委任的任何继任托管人。

(v) 红利发放日

(vi) “应具有本协定第4(A)节规定的含义。

(vii) 红利期

(d) “应具有本协定第4(A)节规定的含义。股息记录日期“应具有本协定第4(A)节规定的含义。直接转矩

(e) 」是指存管信托公司。保持器

(f) “指以其名义登记m系列优先股股份的人士，本公司、计算代理人、转让代理人、登记处及付款代理人可将该人视为m系列优先股股份的绝对拥有者，以支付款项及所有其他目的。“指商业银行在伦敦营业的任何一天(包括美元存款交易)。

(g) 不付款“应具有本协定第7(B)(I)节规定的含义。

(h) 官“指本公司的首席执行官、董事长、首席行政官、任何副主席、首席财务官、财务总监、首席会计官、司库、任何副司库、任何助理司库、任何副总裁、总法律顾问兼公司秘书及任何助理秘书。

(i) 人

(ii) “是指法人，包括任何个人、公司、房地产、合伙企业、合营企业、协会、股份公司、有限责任公司、信托或者其他实体。

(i) 优先股董事“应具有本协定第7(B)(I)节规定的含义。

优先股董事终止日期

(j) “应具有本协定第7(B)(4)节所规定的含义。书记官长

“指以N系列优先股登记人的身分行事的转让代理及其继承人和受让人。

(a) 监管资本事件“指本公司真诚地决定，由于(I)对N系列优先股的任何股份首次发行后颁布或生效的美国法律或法规或美国任何政治分区的任何修订、澄清或更改，(Ii)在N系列优先股的任何股份首次发行后宣布或生效的该等法律或法规的任何拟议更改，或(Iii)在任何N系列优先股股票首次发行后宣布的解释或实施与之相关的法律、法规或政策的任何官方行政决定或司法决定或行政行动或其他官方声明，公司将有权根据当时有效和适用的美联储资本充足率指导方针(或任何后续适当的联盟银行机构的资本充足率指导方针或规定，如适用)将N系列优先股每股25,000美元的全部清算优先股金额视为当时有效和适用的“一级资本”(或其等价物)，这是一种微不足道的风险。只要N系列优先股中的任何一股尚未发行。

(1) 路透社LIBOR01

(2) 指在路透社3000 Xtra服务的LIBOR01页上指定的显示器(或可能取代该服务或由英国银行家协会或其他机构提名的其他服务的其他页面

(3) 伦敦银行同业拆借利率管理人，用于显示美元存款或贷款的伦敦银行间同业拆借利率)。N系列优先股“应具有本协定第一节所规定的含义。清算。如果公司发生任何自愿或非自愿的清算、解散或结束公司的事务，持有人有权在公司作出任何分配或支付之前，或在公司为任何初级股票持有人预留任何分派或付款之前，从合法可用资金中，获得全额清算分派，每股25,000美元的清算优先股(以下简称“优先股”)，但受清算时优先于N系列优先股或与N系列优先股相当的任何类别或系列股票的持有人的权利以及公司存款人和其他债权人的权利限制。N系列清算优先权“)，加上自上次股息支付日期起至(但不包括)已宣布但尚未支付的范围内的清盘、解散或清盘日期的任何应计股息。在公司事务发生任何此类自愿或非自愿清算、解散或清盘的情况下，持有人无权获得任何其他付款，但本节第5款明确规定的除外。部分付款。如本公司的资产不足以全数支付上述向持有人支付的清算分派，以及在本公司任何自愿或非自愿清盘、解散或清盘时，在分配资产方面与N系列优先股平分的本公司任何类别或系列股票的持有人所欠的任何清算分派，则支付给持有人及所有该等同等级别股票的持有人的金额，将按照他们原本有权获得的清盘分派总额按比例支付。

(b) 合并、合并和出售资产，而不是清算。就本节第5款而言，出售、转易、交换或转让(以现金、股票、证券或其他代价换取)本公司全部或几乎所有财产及资产，不得视为自愿或非自愿解散、清盘或清盘本公司事务，亦不得视为本公司与任何其他法团或人士合并、合并或任何其他业务合并交易，或任何其他法团或人士与本公司合并、合并或任何其他业务合并交易，亦不得视为自愿或非自愿解散、清盘或清盘本公司事务。

(d) 。本公司可根据董事会或其任何正式授权委员会的选择，从合法可供赎回的资金中赎回：(I)在2019年11月15日或之后的任何股息支付日期时，不时全部或部分赎回N系列优先股，或(Ii)在监管资本事件后90天内的任何时间赎回全部但不部分N系列优先股，每种情况下赎回价格均等于每股25,000美元加上任何已申报和未支付的股息，不累积任何未申报股息，但不包括赎回日期，根据下文第6(B)节的规定发出通知。赎回通知

。

(a) 将按其在本公司股票登记册上的最后地址赎回。邮寄日期至少为赎回日期前30天，不超过60天。按第6(B)节规定邮寄的任何通知应被最终推定为已正式发出，无论持有人是否收到该通知，但未能通过邮寄方式向指定赎回N系列优先股股份的任何持有人发出该通知，或该通知中或邮寄中的任何缺陷，并不影响赎回N系列优先股任何其他股份的程式的有效性。每份通知应说明：(I)赎回日期；

(b) (Ii)将赎回的N系列优先股的股份总数，如要赎回的股份少于持有人的全部股份，则须赎回该等股份的数目；

(i) (Iii)赎回价格；(Iv)该等股份的股票将于何处交出以支付赎回价格(如适用的话)；及(V)拟赎回股份的股息将于赎回日期停止累算。尽管如上所述，如果证明N系列优先股股份的证书由托管机构登记持有，而任何相关的托管股份由托管机构或其代名人登记持有，本公司可以托管机构允许的任何方式发出通知。“应具有本协定第4(A)节规定的含义。.”

(ii) 红利期“应具有本协定第4(A)节规定的含义。

(iii) 股息记录日期“应具有本协定第4(A)节规定的含义。

(iv) 直接转矩」是指存管信托公司。

保持器

(i) 初级股

(ii) “指普通股及任何其他类别或系列的

(iii) 公司现有或以后授权的O系列优先股

在公司的任何自愿或非自愿清算、解散或清盘时，在支付股息或分配资产方面的优先权或优先权。伦敦银行同业拆借利率确定日期

“指紧接有关股息期首日之前的第二个伦敦银行日。

(d) 伦敦银行日

不付款

“应具有本协定第7(B)(I)节规定的含义。

“指自股息期第一天开始的三个月内美元存款的利率(以年百分比表示)，截至上午11点，该利率出现在Reuters LIBOR01页面上。(伦敦时间)在该股息期的LIBOR确定日期。如果该利率没有出现在路透社的LIBOR01页面上，三个月期LIBOR将根据伦敦时间上午11点左右由计算代理(在与公司协商后)选择的伦敦银行间市场四家主要银行向伦敦银行间市场主要银行提供的不低于100LIBOR的美元存款利率来确定，该三个月期存款从该股息期的第一天开始，为期三个月，本金不低于100LIBOR。万。计算代理将要求每一家此类银行的主要伦敦办事处提供其利率报价。如果至少提供了两个这样的报价，关于该股息期的三个月伦敦银行同业拆借利率将是该等报价的算术平均值(如有必要，向上舍入到最接近的0.00001%的整数倍)。如果提供的报价少于两个，则关于该股息期的三个月伦敦银行同业拆借利率将是纽约市三家主要银行所报利率的算术平均值(必要时向上舍入到最接近的整数倍数0.00001%)，该利率由计算代理(在与公司磋商后)在纽约市时间上午11点左右选择，在该股息期的伦敦银行同业拆借利率确定日期以美元向欧洲主要银行提供为期三个月的贷款，从该股息期的第一天开始，本金金额不低于100万。然而，如果计算代理选择提供报价的银行少于三家，则该股息期的三个月LIBOR将与上一股息期确定的三个月LIBOR相同，或者，如果股息期从2020年3月27日开始，则为0.27065%。计算代理对每个相关股息期的三个月LIBOR的确定(在没有明显错误的情况下)将是最终的和具有约束力的。

转移剂

指北卡罗来纳州的ComputerShare Trust Company，这是一个联盟特许的全国性协会，担任O系列优先股及其继承人和受让人的转让代理、计算代理、登记处和支付代理。

信任“应具有第6(D)节所给出的含义。率。当董事会或其任何正式授权的委员会宣布时，持有人有权获得O系列优先股每股股票的非累积现金股息，金额为

(I)每半年一次，分别于每年3月27日和9月27日(每一年3月27日和9月27日

红利发放日

“)，自2015年9月27日起，自发布之日起至2020年3月27日止，但不包括在内；

然而，前提是

如果任何这样的日期不是营业日，则将在下一个营业日(即营业日)支付任何原本应在该日支付的股息，并且(Ii)从2020年3月27日开始的每个3月27日、6月27日、9月27日和12月27日(自2020年3月27日开始幷包括该日)每季度拖欠股息，不支付任何利息或其他费用；

(a) 但前提如上述任何一日不是营业日，则在随后的下一个营业日即营业日支付任何股息，但如果该日落在下一个历月，在这种情况下，任何本来应支付的股息将在紧接的前一个营业日支付，股息应计至实际支付日(股息期后的任何股息期(定义如下)支付股息的每一日，直至2020年3月27日，但不包括

(b) 股息支付日期“)。自O系列优先股发行日期或任何股息支付日期起至(但不包括)下一个股息支付日期的期间为“

(c) 红利期“O系列优先股的每股股息将根据清算优先权每股25,000美元应计，年利率等于(I)5.875%，自发行日期起至2020年3月27日(但不包括)的每个股息期及(Ii)三个月LIBOR加4.059%，自2020年3月27日起及包括该日起的每个股息期。O系列优先股的股息支付记录日期将是董事会或董事会任何其他正式授权的委员会确定的记录日期，该记录日期不超过该股息支付日期的30天，也不少于该股息支付日期的10天。

(d) 股息记录日期

(e) 授权证书的5.950%固定利率/浮动利率非累积优先股系列P的

花旗集团

依据《条例》第103(F)及151条

德拉瓦州一般公司法

花旗集团

(a) ，特拉华州一家公司(“本公司”)特此证明：经修订的公司注册证书(“公司注册证书”)将公司有权发行的各类股本的股份总数定为60亿股(6,000,000,000股)普通股，每股面值0.01美元，以及3,000万股(30,000,000股)优先股，每股面值1美元。

(b) 根据授予优先股委员会的权力(“

优先股委员会

(a) “)经董事会批准，优先股委员会于2015年4月20日正式采取行动，通过决议(I)授权发行和出售至多80,000股本公司优先股，以及(Ii)批准本指定证书的最终格式为5.950%固定利率/浮动利率非累积优先股，P系列(”P系列优先股“)确定将纳入本P系列优先股的股份数量，并确定本P系列优先股的指定、权力、优先股和权利及其资格、限制或限制如下：第1节.指定

(b) 该系列优先股的名称应为“P系列5.950固定/浮动利率非累积优先股”(“P系列优先股”)。P系列优先股的每一股应在各方面与P系列优先股的其他每一股相同。第二节股份数量

(d) (I)每半年于每年5月15日和11月15日(每一年5月15日和11月15日)红利发放日

“)，自2015年11月15日起，自签发之日起至2025年5月15日止，但不包括在内；

(e) 然而，前提是如果任何这样的日期不是营业日，则将在随后的下一个营业日支付任何本来应在该日支付的股息，而不支付任何与该延迟有关的利息或其他付款，以及(Ii)从2025年5月15日开始的每个2月15日、5月15日、8月15日和11月15日每季度拖欠股息，自2025年5月15日起幷包括该日在内；

但前提

(a) 如果上述任何一日不是营业日，则在随后的下一个营业日(即营业日)支付任何股息，但如果该日落在下一个历月，在这种情况下，任何本来应支付的股息将在紧接的前一个营业日支付，股息应计至实际支付日(股息期后任何股息期(定义如下)支付股息的每一日，直至但不包括2025年5月15日)股息支付日期

(b) “)。自P系列优先股发行日期或任何股息支付日期起至(但不包括)下一个股息支付日期的期间为“红利期

“P系列优先股的每股股息将在清算优先权时应计，每股25,000美元，年利率等于(I)5.950%，自发行之日起至2025年5月15日(但不包括)的每个股息期和(Ii)三个月LIBOR加3.905%，从2025年5月15日起及包括在内的每个股息期。P系列优先股的股息支付记录日期将是董事会或董事会任何其他正式授权的委员会确定的记录日期，该记录日期不超过该股息支付日期的30天，也不少于该股息支付日期的10天。

股息记录日期 “)。任何属于股息记录日期的日期都将是股息记录日期，无论该日期是否为营业日。在2025年5月15日或之前支付的股息金额将以360天的一年12个30天的月为基础计算。2025年5月15日以后支付的股息金额将以一年360天和实际经过的天数为基础计算。

非累积股息

。如果董事会或其任何正式授权的委员会没有在相关股息支付日期之前的任何股息期间宣布P系列优先股的股息，该股息将不会产生，本公司将没有义务在相关股息支付日期或未来任何时间支付该股息期间的股息，而持有人也无权收取该股息期间的股息，无论是否宣布了P系列优先股或任何其他系列优先股或普通股的股息。本文中提及的股息“应计”仅指确定股息的数额，并不意味著在宣布股息之日之前产生任何股息权利。
派息的优先次序

。如本文针对Q系列优先股所使用的：

适当的联盟银行机构指1950年修订的《联盟存款保险法》第3(Q)节或任何后续条款中所定义的与本公司有关的“适当的联盟银行机构”。), 董事会“具有上述演奏会中所阐述的含义。) 营运日) 计算代理

[“指以Q系列优先股及其继承人和受让人的计算代理身分行事的转让代理。普通股

“指每股面值为0.01美元的公司普通股，或该等普通股应重新分类或变更为公司股本的任何其他股份。

保存人


“指DTC或其代名人或本公司委任的任何继任托管人。						红利发放日

						“应具有本协定第4(A)节规定的含义。

红利期

“应具有本协定第4(A)节规定的含义。
股息记录日期
“应具有本协定第4(A)节规定的含义。

直接转矩

任何州或哥伦比亚特区，并且是美国联盟所得税的公司(或者，如果该实体不是公司，则公司具有

收到在此类事项方面经验丰富的国家公认律师的意见，其大意是：(I)在此类合并或合并之后，持有者将因美国联盟所得税的目的，以与此类合并或合并前Q系列优先股相同的方式，同时或以其他相同的方式，就该等新的优先证券缴纳税款)；及(Ii)该等Q系列未偿还优先股或此类优先证券(视属何情况而定)具有的权利、优先股、特权及投票权，作为一个整体而言，对持有人的利益并不比上述权利、优先股、整体来看，Q系列优先股的特权和投票权；

但前提

任何股东都无权因本第7条的规定而对此类增发、创设或发行进行投票。倘若本第7(C)条规定的任何修订、更改、废除、换股、重新分类、合并或合并将对Q系列优先股但不是本公司所有系列优先股产生不利影响，则只有受到不利影响并有权就此事投票的该系列优先股才可就该事项与Q系列优先股作为一个单一类别(取代所有其他系列优先股)一起投票，以达到本第7(C)条所要求的投票或同意的目的。如果赎回，则投反对票


。根据第7(B)或7(C)节，倘于须就投票或同意作出行动时或之前，本公司应已赎回或已要求赎回所有Q系列优先股已发行股份，并已发出适当通知及已就该等赎回预留足够资金，则根据第7(B)或7(C)节，本公司应已赎回或已要求赎回Q系列优先股的所有已发行股份，并已根据上文第(6)节就上述各项预留足够资金。

持有者不应因本协定条款而享有任何优先购买权或转换权。
第9节.职级

为免生疑问，董事会或董事会任何正式授权的委员会可不经股东表决授权增发Junior股票

在支付股息或在本公司任何自愿或非自愿清盘、解散或清盘时与Q系列优先股具有同等地位的本公司现有或以后授权的任何类别或系列股票的一种或多种股票。

第10节.重新获得的股份

董事会应采取必要行动，使本公司已赎回或以其他方式购买或收购的Q系列优先股的股份注销，并恢复为未指定系列的授权但未发行的优先股的状态。

第11条.无偿债基金


Q系列优先股的股票不受偿债基金运作的约束。
第12节转账代理人、计算代理人、登记官及付款代理人

但前提

，公司应指定一名继任转让代理人，该代理人应在该项免职生效前接受该项委任。在任何该等免任或委任后，本公司应以预付邮资的头等邮递方式向持有人发出有关通知。

[标题]

性和

[标题]

_日。

花旗集团

作者：_

________________________________________________________________

姓名：

________________________________________________________________

标题：

________________________________________________________________

作者：_


姓名：
标题：


注册人的反签名
这些是上述指定证书中提及的Q系列优先股的股份。

日期：

CLARTERSHARE TRUSt Company，NA，为书记官长

作者：_

姓名：

标题：

证书的逆转

Q系列优先股的每股股息应按照指定证书中规定的费率支付。此外，Q系列优先股的股份可由本公司选择以指定证书所载方式及条款赎回。

作业

根据收到的价值，签署人将所证明的Q系列优先股的股份转让和转让给：

(如有的话，请填上受让人的社会保障或纳税人身分证号码)(填写受让人地址和邮递区号)并不可撤销地任命：


作为代理人转让Q系列优先股的股份，现在转让代理人的账簿上予以证明。代理人可以由他人代为代理。


日期：	签名：
	(与您的名字在本证书的另一面完全相同)	签名保证：___________________________________________________
	(签字必须由符合条件的“担保机构”担保，该机构是银行、股票经纪人、储蓄和贷款协会或信用合作社，符合转让代理人的要求，该要求包括加入或参与证券转让代理人徽章计划(“印章”)或转让代理人可能决定的其他“签字担保计划”，以补充或代替印花，所有这些都符合1934年修订的证券交易法。)	授权证书

的

6.125固定利率/浮动利率非累积优先股系列R

的

花旗集团

依据《条例》第103(F)及151条

德拉瓦州一般公司法

花旗集团

，特拉华州一家公司(“本公司”)特此证明：

经修订的公司注册证书(“公司注册证书”)将公司有权发行的各类股本的股份总数定为60亿股(6,000,000,000股)普通股，每股面值0.01美元，以及3,000万股(30,000,000股)优先股，每股面值1美元。

公司注册证书明确授权本公司董事会(“董事会”)就发行系列优先股股份作出规定，并不时厘定每个该等系列的股份数目，以及厘定每个该等系列股份的名称、权力、优惠及权利及其资格、限制或限制。根据授予优先股委员会的权力(“, 2011.

“)经董事会批准，优先股委员会于2015年11月5日正式采取行动，通过决议(I)授权发行和出售至多60,000股本公司的优先股，以及(Ii)批准本最终形式的R系列固定利率/浮动利率非累积优先股6.125%的指定证书(


R系列优先股


“)确定纳入本R系列优先股的股票数量，并确定本R系列优先股的指定、权力、优先股和权利及其资格、限制或限制如下：	第1节.指定
	优先股系列的名称应为“6.125固定利率/浮动利率非累积优先股，R系列”(“R系列优先股”)。	第二节股份数量
	R系列优先股的授权股数为60,000股。该数目可不时由董事会、优先股委员会或其任何其他正式授权委员会通过进一步决议案，并根据特拉华州公司法的规定提交证书，述明有关增加或减少(视情况而定)，以增加(但不超过优先股的法定股份总数)或减少(但不低于当时已发行的R系列优先股的股份数目)。本公司有权发行R系列优先股的零碎股份。	第3节.定义

。

适当的联盟银行机构

指1950年修订的《联盟存款保险法》第3(Q)节或任何后续条款中所定义的与本公司有关的“适当的联盟银行机构”。

董事会

“具有上述演奏会中所阐述的含义。

营运日

公司现有或以后授权的R系列优先股

在公司的任何自愿或非自愿清算、解散或清盘时，在支付股息或分配资产方面的优先权或优先权。

伦敦银行同业拆借利率确定日期“指紧接有关股息期首日之前的第二个伦敦银行日。

伦敦银行日

“指商业银行在伦敦营业的任何一天(包括美元存款交易)。

不付款“应具有本协定第7(B)(I)节规定的含义。官“指本公司的首席执行官、董事长、首席行政官、任何副主席、首席财务官、财务总监、首席会计官、司库、任何副司库、任何助理司库、任何副总裁、总法律顾问兼公司秘书及任何助理秘书。人

“是指法人，包括任何个人、公司、房地产、合伙企业、合营企业、协会、股份公司、有限责任公司、信托或者其他实体。

优先股董事

“应具有本协定第7(B)(I)节规定的含义。

优先股董事终止日期

“应具有本协定第7(B)(4)节所规定的含义。书记官长

“监管资本事件

““指本公司真诚地决定，由于(I)对R系列优先股的任何股份首次发行后颁布或生效的美国法律或法规或美国的任何政治分区的任何修订、澄清或更改，(Ii)在R系列优先股的任何股份首次发行后宣布或生效的该等法律或法规的任何拟议更改，或(Iii)在R系列优先股的任何股票首次发行后宣布的解释或实施与此相关的法律或法规或政策的任何官方行政决定或司法决定或行政行动或其他官方声明，公司将有权根据当时有效和适用的美联储资本充足率指导方针(或如适用，任何后续适当的联盟银行机构的资本充足率指导方针或法规)的目的，将当时有效并适用的R系列优先股每股25,000美元的全额清算优先股金额视为“一级资本”(或其等价物)，这是一种微不足道的风险。只要R系列优先股的任何股份都是流通股。表现出

“形式6.125%固定利率/浮动利率非累积优先股，R系列

“股票编号：_。CUSIP编号：

“花旗集团6.125%固定利率/浮动利率非累积优先股，R系列

“(每股面值1.00美元)(清算优先权为每股25,000美元)

“花旗集团，特拉华州一家公司(“本公司”)，特此证明[](“持有人”)是本公司指定的6.125%固定利率/浮动利率非累积优先股R系列的[]缴足股款和不可评估股份的登记所有者，每股面值1.00美元，清算优先权为每股25,000美元(“R系列优先股”)。R系列优先股的股份可于交回本证书后，亲自或由正式授权的受权人在注册处的簿册及记录上转让，并以适当的转让形式予以转让。在此陈述的R系列优先股的名称、权利、特权、限制、优先及其他条款和条款在各方面均受日期为2015年11月12日的指定证书的规定所规限，该指定证书可能会不时修订(下称“指定证书”)。此处使用但未定义的大写术语应具有《指定证书》中赋予它们的含义。公司将在其主要营业地点向公司提出书面要求时，免费向持有人提供指定证书的副本。兹参考本文背面所列R系列优先股的选择条款和指定证书，该选择条款和指定证书在所有目的中应具有与此地所述相同的效力。

“持证人一经收到本证书，即受指定证书的约束，并有权享有该证书所规定的利益。除非注册处已适当会签，否则该等R系列优先股股份将无权根据指定证书享有任何利益，亦不得就任何目的而具有效力或义务。

“本证书由公司代表公司签署，特此为证[标题]

“并通过它的[标题]

“_年_月_日。花旗集团。

“由：_6.250%固定利率/浮动利率非累积优先股，T系列

“股票编号：_。CUSIP编号：

“花旗集团6.250%固定利率/浮动利率非累积优先股，T系列

“(每股面值1.00美元)

“花旗集团，特拉华州一家公司(“本公司”)，特此证明[](“持有人”)是本公司指定的6.250%固定利率/浮动利率非累积优先股t系列的[]缴足股款及不可评估股份的登记拥有人，每股面值1.00美元，清算优先权每股25,000美元(“t系列优先股”)。T系列优先股的股份可于交回本证书后，亲自或由正式授权的受权人在注册处的簿册及记录上转让，并以适当的转让形式予以转让。在此陈述的t系列优先股的名称、权利、特权、限制、优先及其他条款和条款，在各方面均受日期为2016年4月22日的指定证书的规定所规限，该指定证书的规定可能会不时修订(“指定证书”)。此处使用但未定义的大写术语应具有《指定证书》中赋予它们的含义。公司将在其主要营业地点向公司提出书面要求时，免费向持有人提供指定证书的副本。特此参考本文背面列出的T系列优先股的选择条款和指定证书，其中选择的条款和指定证书在所有目的中应具有与此地所述相同的效力。

“持证人一经收到本证书，即受指定证书的约束，并有权享有该证书所规定的利益。除非注册处已适当会签，否则该等t系列优先股股份将无权根据指定证书享有任何利益，亦不得就任何目的而具有效力或义务。

“本证书由公司代表公司签署，特此为证[标题]

“[标题]

“_年_月_日。花旗集团。

“由：_姓名：

“标题：基准更换日期

““应具有本协定第4(A)节规定的含义。基准过渡活动

““应具有本协定第4(A)节规定的含义。董事会

““具有上述演奏会中所阐述的含义。工作日

““，包括固定利率期间，是指不是纽约市国定假日，也不是法律或法规授权或要求纽约市银行机构关闭的任何工作日。营运日就浮动利率而言，指的是非纽约市国定假日的任何工作日，也不是法律或法规授权或要求纽约市的银行机构关闭的日子，也不是美国政府证券营业日。

“计算代理指花旗银行伦敦分行及其继承人和受让人。

“普通股“指每股面值为0.01美元的公司普通股，或该等普通股应重新分类或变更为公司股本的任何其他股份。

相应的男高音

“应具有本协定第4(A)节规定的含义。保存人“指DTC或其代名人或本公司委任的任何继任托管人。股息支付日期

“应具有本协定第4(A)节规定的含义。红利期「应具有本文第4（a）条规定的含义。股息期结束日期「应具有本文第4（a）条规定的含义。股息记录日期「应具有本文第4（a）条规定的含义。

直接转矩」是指存管信托公司。

固定费率期间「应具有本文第4（a）条规定的含义。浮动利率期

「应具有本文第4（a）条规定的含义。

保持器

「是指以其名义登记U系列优先股股份的人，公司、计算代理、转让代理、登记处和付款代理可将其视为U系列优先股股份的绝对所有者，以付款和所有其他目的。

ISDA

「应具有本文第4（a）条规定的含义。

ISDA定义

「应具有本文第4（a）条规定的含义。

ISDA后备调整

「应具有本文第4（a）条规定的含义。

参考时间

“应具有本协定第4(A)节规定的含义。

书记官长“指以U系列优先股登记人的身分行事的转让代理及其继承人和受让人。监管资本事件

“指本公司真诚地决定，由于(I)对美国的法律或法规(为免生疑问，包括美国的任何机构或机构，包括美联储和其他联盟银行监管机构)或美国的任何政治分支的任何修订、澄清或更改，而该等法律或法规是在U系列优先股的任何股份首次发行后颁布或生效的，(Ii)该等法律或法规的任何拟议更改是在U系列优先股的任何股份首次发行后宣布或生效的，或(Iii)在任何U系列优先股股票首次发行后宣布的解释或实施与之相关的法律或法规或政策的任何官方行政决定或司法决定或行政行动或其他官方声明，公司将有权根据当时有效和适用的美联储资本充足率指导方针(或任何后续适当的联盟银行机构的资本充足率指导方针或法规)的目的，将当时已发行的U系列优先股每股25,000美元的全部清算优先股金额视为“一级资本”(或其等价物)，这是一种微不足道的风险。只要U系列优先股的任何股份都是流通股。相关政府机构

“应具有本协定第4(A)节规定的含义。U系列清算优先权

“应具有本协定第5(A)节规定的含义。

U系列优先股“应具有本协定第一节所规定的含义。

U系列优先股证书“应具有本协定第14(A)节规定的含义。

SOFR

“应具有本协定第4(A)节规定的含义。

转移剂

指北卡罗来纳州的ComputerShare Trust Company，这是一个联盟特许的全国性协会，担任U系列优先股及其继承人和受让人的转让代理、注册人和支付代理。

信任

“应具有第6(D)节所给出的含义。

(c)未经调整的基准替换“应具有本协定第4(A)节规定的含义。

(d)美国政府证券营运日“应具有本协定第4(A)节规定的含义。第四节分红率

。当董事会或其任何正式授权的委员会宣布时，持有人应有权从合法可用资金中获得以下第4节规定的金额的U系列优先股每股非累积现金股息，并且不超过：(I)自2020年3月12日起每半年3月12日和9月12日支付一次，自发行之日起至2024年9月12日(包括但不包括2024年9月12日)(“

(a)固定费率期间然而，前提是

(b)

(i)浮动利率期“)(每个股息支付日期，一个”股息支付日期“)。“股息期结束日期”是指12 日每年3月、6月、9月和12月；但前提如任何股息期结束日期(赎回日期除外)并非营业日，则该日期将延至下一个营业日，除非该日适逢下一个历月，在此情况下，股息期结束日期将为紧接前一个营业日。在固定利率期间，“股息期”是指从每个股息支付日起至下一个股息支付日(但不包括下一个股息支付日)的期间，但不包括初始股息期，即优先股发行之日起至第一个股息支付日(但不包括在内)的期间。在浮动利率期间，“股息期”是指从每个股息期结束日起(包括每个股息期结束日在内)的期间(浮动利率期内的首个股息期除外，“股息期”是指从2024年9月12日起至下一个股息期结束日(但不包括该日)的期间；”

(ii)提供

(iii)如果进一步提供从兑换率截止日期开始(包括兑换日在内，但不包括兑换日)的每个日历日的SOFR(定义见下文)就兑换率截止日期而言将等于SOFR。利率下调日期将是赎回日期之前的第二个美国政府证券营业日。

(iv) 如果上述(1)中指定的利率没有出现，除非发生了基准过渡事件及其相关的基准更换日期，否则为纽约联盟储备银行网站上公布的前一个美国政府证券营业日的有担保隔夜融资利率，其中有担保隔夜融资利率在纽约联盟储备银行的网站；或如果基准转换事件及其相关基准替换日期在相关股息期结束日期之前发生的优先股，计算代理将使用基准重置来确定利率并用于与优先股相关的所有其他目的。

提供

如果就SOFR或当时的基准发生了基准转换事件及其相关基准替换日期，则“基准”是指适用的基准替换。 “基准替换”是指在基准替换日期之前，公司(或其关联公司之一)可以确定的以下订单中列出的第一个备选方案：

(A)所选择或建议的替代利率：

有关政府机构取代当时适用的相应基准点的基准和(B)基准点替换调整；或(A)ISDA回退率和(B)基准替代率之和

调整；或

(d) (A)本公司(或其一间联属公司)选择替代当时适用相应期限基准利率的替代利率，并适当考虑任何业界认可的利率，以取代当时以美元计价的浮动利率票据的现行基准利率及(B)基准替换调整。“基准替换调整”是指在基准替换日期之前，公司(或其关联公司之一)可以确定的以下订单中列出的第一个备选方案：

价差调整，或计算或确定这种价差的方法

相关政府机构为适用的未调整基准替代选择或建议的调整数(可以是正值、负值或零)；

如果适用的未调整基准替换相当于ISDA

后退率，然后是ISDA后备调整；

具有以下值的价差调整(可以是正值、负值或零

基准管理人宣布基准不再具有代表性。

相应的男高音

“就基准更换而言，指与当时基准的适用期限大致相同(不计营业日调整)的期限(包括隔夜)。

ISDA

“指国际掉期和衍生工具协会，Inc.或任何继任者。ISDA定义“指由国际掉期及衍生工具协会或其任何后继机构不时修订或补充的2006年ISDA定义，或不时出版的任何后继利率衍生工具定义手册。

ISDA后备调整

“指将适用于参考ISDA定义的衍生品交易的利差调整(可以是正值或负值或零)，将在相对于适用基期基准的指数停止事件发生时确定。

ISDA回退率

(a) “指适用于参考ISDA定义的衍生品交易的利率，在指数停止日期发生时，相对于不包括适用的ISDA后备调整的适用期限的基准生效。纽约联盟储备银行的网站费率截止日

(b)“指赎回日期前的第二个美国政府证券营业日。参考时间

“就基准的任何确定而言，指本公司(或其关联公司之一)根据基准重置而确定的符合变更的时间。

相关政府机构“指美国联盟储备委员会和/或纽约联盟储备银行，或由联盟储备委员会和/或纽约联盟储备银行或其任何后续机构正式认可或召集的委员会。未经调整的基准替换

信任“)为被要求赎回的股份持有人按比例受益，则即使任何被要求赎回的股份的任何股票尚未交回注销，但在赎回日期当日及之后，所有被要求赎回的股份将停止发行，与该等股份有关的所有股息将于该赎回日期停止应计，而有关该等股份的所有权利将于该赎回日期立即终止及终止，惟其持有人于赎回日期后任何时间从如此存放的资金中收取赎回应付款项的权利除外。本公司有权不时从信托收取该等基金的任何应计利息，而任何被要求赎回的股份的持有人无权要求任何该等权益。于赎回日期起计三年届满时，任何如此缴存而无人认领的资金，须在法律许可的范围内发放或偿还予本公司，如已向本公司偿还该等款项，则被要求赎回的股份持有人应被视为本公司的无抵押债权人，金额相当于上文所述为赎回该等股份而缴存并已偿还予本公司的款项，但在任何情况下均无权获得任何利息。

一般

除下文第7(B)节规定或特拉华州公司法要求外，持股人无权对任何事项进行表决。

特别投票权

。如果及每当U系列优先股或任何其他类别或系列优先股的股息在支付股息方面与U系列优先股平价，且已授予并可行使与本条第7(B)(I)条所授投票权相等的投票权(此处称为“股息平价股票”)时，就任何类别或系列而言，就任何类别或系列而言，至少三个半年度或六个季度股息期(不论是否连续)(a“

不付款“)，组成董事会的法定董事人数应增加两人，而股东连同股息平价股持有人有权在不包括普通股持有人的情况下，以单一类别分开投票，而不分类别或系列(投票权按比例分配)，以填补该等新设立的董事职位(以及填补该等董事职位的任何空缺)。但当选任何该等董事的资格须为当选该董事不得导致本公司违反纽约证券交易所(或本公司证券可在其上市的其他交易所)的企业管治规定，即上市公司必须有过半数独立董事，并进一步规定董事会在任何时候不得包括超过两名该等董事。由股利持有者和股息平价股票持有者共同选出的每一个这样的董事都是优先股董事

选举

。优先股董事的选举将在任何年度股东大会或任何股东特别会议上进行，以及任何股息平价股票的选举，按本文规定召开。在根据上文第7(B)(I)条赋予特别投票权后的任何时间，公司秘书可应U系列优先股至少20%的投票权持有人或当时已发行的任何系列股息平价股票至少20%的投票权的持有人(该等投票权是根据选举优先股董事的投票权衡量)的书面要求(致予公司主要办事处的秘书)，U系列优先股及任何股息平价股的股东必须(除非在本公司下届股东周年大会或特别大会日期前少于90天收到有关要求，而在此情况下，有关选举须在该下一届股东周年大会或特别大会上举行)，以选举优先股董事。优先股董事每人每董事有权就任何事宜投一票。

特别会议通知

。选举优先股董事的特别会议的通知将以与公司章程中关于股东特别会议的规定类似的方式发出。如果公司秘书没有

于收到任何该等要求后20天内召开特别大会，则任何持有人均可(费用由本公司负担)于本条第7(B)(Iii)条所规定的通知下召开该大会，并为此将可查阅本公司的股票登记册。在任何该等特别会议上选出的优先股董事及在随后举行的股东周年大会或特别会议上选出的每股优先股董事，其任期将于优先股董事终止日期及该优先股董事获选后的下一次股东周年大会(以较早者为准)届满。倘若优先股董事的职位出现任何空缺(首次选举优先股董事前除外)，该空缺可由在任的优先股董事填补，或如无在任的优先股董事，则由U系列优先股及任何股息平价股的持有人以多数票选出，作为一个类别一起投票，而如此委任或选出填补该空缺的优先股董事的任期将于下一届股东周年大会届满。优先股董事只能由U系列优先股和股息平价股的持有人根据本第7条选出。如果U系列优先股和股息平价股的持有人未能选出足够数量的董事来填补根据本第7条他们有权选举董事的所有董事职位，则任何未如此填补的董事职位将保持空缺，直到U系列优先股和股息平价股的持有人根据本第7条推选一人填补该董事职位，或该空缺按照本第7条以其他方式填补；除依照本第7条的规定外，公司的股东不得担任任何董事职务。

终止；移走

每当本公司在U系列优先股和任何有权获得非累积股息的股息平价股票未支付股息后，至少连续两个半年度或连续四个季度股息期间全额支付非累积股息，并已就任何有权获得累积股息的股息平价股票全额支付累计股息，则持有人选举优先股董事的权利将停止(但始终受关于未来股息期间任何类似不支付股息的特别投票权归属的相同规定的规限)(在停止时，“

优先股董事终止日期

“)。在优先股董事终止之日，优先股董事的任期将立即终止，当时担任优先股董事的人员将立即不再具有担任优先股董事的资格，优先股董事将不再担任本公司董事，组成董事会的董事人数将自动减少，减去紧接该终止日期之前授权的优先股董事人数，而无需董事会或本公司股东采取任何行动。任何优先股董事均可由当时有权在优先股董事选举中投票的股本流通股过半数投票权的持有人在任何时间无故取消，并作为一个类别一起投票(该投票权根据选举优先股董事的投票权衡量)。


除非注册官已适当副署，否则U系列优先股的这些股份无权享受指定证书项下的任何利益，也不得出于任何目的有效或具有强制性。	特此证明，本证书已由其代表公司签署

		[标题]

性和

[标题]

_日。

花旗集团

作者：_

姓名：

标题：

作者：_

姓名：标题：注册人的反签名这些是上述指定证书中提及的U系列优先股的股份。日期： CLARTERSHARE TRUSt Company，NA，为书记官长


作者：_

姓名：
标题：



此外，U系列优先股每股的股息应按指定证书中规定的利率支付。
此外，U系列优先股的股份可由本公司选择以指定证书所载方式及条款赎回。
本公司应免费向提出要求的每一持有人提供本公司发行的每一类别或系列股本的权力、指定、优惠及相对、参与、选择或其他特别权利，以及该等优惠及/或权利的资格、限制或限制。

根据收到的价值，签署人将所证明的U系列优先股的股份转让和转让给：

(如有的话，请填上受让人的社会保障或纳税人身分证号码)


(填写受让人地址和邮递区号)

并不可撤销地任命：

日期：

签名：

(与您的名字在本证书的另一面完全相同)

签名保证：___________________________________________________

退休证书

优先股的比例

花旗集团的名字。

(根据《总则》第243条

特拉华州公司法)

基准更换调整

“应具有本协定第4(A)节规定的含义。

基准更换符合性变化



“应具有本协定第4(A)节规定的含义。


基准更换日期

“应具有本协定第4(A)节规定的含义。

基准过渡活动

“应具有本协定第4(A)节规定的含义。

董事会
“具有上述演奏会中所阐述的含义。

工作日

“，包括固定利率期间，是指不是纽约市国定假日，也不是法律或法规授权或要求纽约市银行机构关闭的任何工作日。

______________________________

营运日

关于浮动利率期间，指的是不是纽约市国定假日的任何工作日，也不是纽约市的银行机构

______________________________

法律或法规授权或要求关闭，以及美国政府证券营业日。计算代理

普通股

“指每股面值为0.01美元的公司普通股，或该等普通股应重新分类或变更为公司股本的任何其他股份。相应的男高音「应具有本文第4（a）条规定的含义。保存人「指DTC或其提名人或公司指定的任何继任托管人。

红利发放日.

「应具有本文第4（a）条规定的含义。

红利期.

「应具有本文第4（a）条规定的含义。

股息期结束日期「应具有本文第4（a）条规定的含义。

“股息记录日期「应具有本文第4（a）条规定的含义。

“直接转矩」是指存管信托公司。

“固定费率期间「应具有本文第4（a）条规定的含义。

“浮动利率期「应具有本文第4（a）条规定的含义。

“保持器「指以其名义登记系列V优先股股份的人，公司、计算代理、转让代理、登记处和付款代理可将其视为系列V优先股股份的绝对所有者，以支付付款和所有其他目的。

“ISDA“应具有本协定第4(A)节规定的含义。

“ISDA定义“应具有本协定第4(A)节规定的含义。

“ISDA后备调整“应具有本协定第4(A)节规定的含义。

“ISDA回退率“应具有本协定第4(A)节规定的含义。

“初级股“指普通股和任何其他类别或系列的股票

“现在或以后授权的公司拥有哪些系列V优先股在公司的任何自愿或非自愿清算、解散或清盘时，在支付股息或分配资产方面的优先权或优先权。

“不付款“应具有本协定第7(B)(I)节规定的含义。

“纽约联盟储备银行的网站“应具有本协定第4(A)节规定的含义。

“官“指首席执行官、主席、首席行政官、任何副主席、首席财务官、主计长、首席会计

“本公司的高级职员、财务主管、任何副财务主管、任何助理财务主管、任何副总裁、总法律顾问兼公司秘书以及任何助理秘书。人

““是指法人，包括任何个人、公司、房地产、合伙企业、合营企业、协会、股份公司、有限责任公司、信托或者其他实体。由：_

“姓名：标题：

“由：_姓名：

“标题：司法常务官会签

“这些股票是上述指定证书中所指的V系列优先股。日期：

“ComputerShare Trust Company，N.A.为注册处处长由：_

“姓名：标题：

"证书的反转*第五系列优先股的每股股息应按指定证书中规定的利率支付。

“*根据指定证书所载条款，第V系列优先股的股份可由本公司选择按指定方式及条款赎回。本公司应免费向提出要求的每一持有人提供本公司发行的每一类别或系列股本的权力、指定、优惠及相对、参与、选择或其他特别权利，以及该等优惠及/或权利的资格、限制或限制。

“作业根据收到的价值，签署人将第五系列优先股的股份转让和转让给：

“(如有的话，请填上受让人的社会保障或纳税人身分证号码)(填写受让人地址和邮递区号)

“并不可撤销地任命：作为代理人转让转让代理账簿上所证明的V系列优先股股份。代理人可以由他人代为代理。

“日期：签名：

(与您的名字在本证书的另一面完全相同).

签名保证：___________________________________________________(签字必须由符合条件的“担保机构”担保，该机构是银行、股票经纪人、储蓄和贷款协会或信用合作社，符合转让代理人的要求，该要求包括加入或参与证券转让代理人徽章计划(“印章”)或转让代理人可能决定的其他“签字担保计划”，以补充或代替印花，所有这些都符合1934年修订的证券交易法。)退休证书优先股的比例花旗集团的名字。(根据《总则》第243条特拉华州公司法)花旗集团是根据特拉华州《公司法》正式成立并存续的公司，兹证明如下：第一：花旗集团经修订的重新注册证书(“注册证书”)授权发行60,000股5.875%固定利率/浮动利率非累积O系列优先股(“O系列优先股”)，每股面值1.00美元，每股声明价值25,000美元。第二：花旗集团已经注销了优先股系列O的所有授权股份。第三：根据特拉华州公司法第243条的规定，指定为优先股O系列的股份将恢复花旗集团优先股的授权但未发行股份的状态。

特此作证，花旗集团。已促使本证书于2020年3月31日由以下正式授权的助理司库签署。花旗集团通过

：/S/艾丽莎·斯坦伯格_

授权证书

的

4.000%固定利率重置非累积优先股系列W

的

花旗集团

根据《联合国宪章》第151条

德拉瓦州一般公司法

花旗集团。

，特拉华州一家公司(“本公司”)特此证明：

2.公司注册证书明确授予本公司董事会(“董事会”)权力，规定发行系列优先股股票，并不时确定每个此类系列股票将包括的股份数量，以及确定每个此类系列股票的名称、权力、优先股和权利及其资格、限制或限制。优先股委员会

“)经董事会批准，优先股委员会于2020年12月3日正式采取行动，通过决议(I)授权发行和出售至多60,000股本公司的优先股，以及(Ii)批准本指定证书的最终格式为4.000固定利率重置W系列非累积优先股(”“)，确定纳入本W系列优先股的股票数量，并确定本W系列优先股的指定、权力、优先股和权利及其资格、限制或限制如下：

第二节股份数量.

该数目可不时由董事会、优先股委员会或其任何其他正式授权委员会正式通过的进一步决议案，以及根据特拉华州公司法的规定提交证书，述明该项增加或减少(视乎情况而定)而不时增加(但不超过优先股的法定股份总数)或减少(但不低于当时已发行的W系列优先股的股份数目)。第3节.定义。如本文针对W系列优先股所使用的：

适当的联盟银行机构指1950年修订的《联盟存款保险法》第3(Q)节或任何后续条款中定义的与公司有关的“适当的联盟银行机构”。董事会

“具有上述演奏会中所阐述的含义。

工作日

“指不是纽约市国定假日，也不是法律或法规授权或要求纽约市银行机构关闭的任何工作日。

计算代理

“指以计算代理身分行事的转移代理

用于W系列优先股及其继承人和受让人。

(d) 保存人“指DTC或其代名人或本公司委任的任何继任托管人。

股息支付日期“应具有本协定第4(A)节规定的含义。红利期

“应具有本协定第4(A)节规定的含义。.

股息记录日期“应具有本协定第4(A)节规定的含义。. 直接转矩

」是指存管信托公司。首次重置日期.

(i) “应具有本协定第4(A)节规定的含义。保持器「是指以其名义登记W系列优先股股份的人，公司、计算代理、转让代理、登记处和付款代理可将其视为W系列优先股股份的绝对所有者，以付款和所有其他目的。初级股“指普通股及任何其他类别或系列的.”

(ii) W系列优先股现已存在或以后授权的公司在公司的任何自愿或非自愿清算、解散或清盘时，在支付股息或分配资产方面的优先权或优先权。

(iii) 不付款“应具有本协定第7(B)(I)节规定的含义。

纽约联盟储备银行的网站

(iv) “应具有本协定第4(A)节规定的含义。. 官“指本公司的首席执行官、董事长、首席行政官、任何副主席、首席财务官、财务总监、首席会计官、司库、任何副司库、任何助理司库、任何副总裁、总法律顾问兼公司秘书及任何助理秘书。人

“应具有本协定第7(B)(I)节规定的含义。

优先股董事终止日期

“应具有本协定第7(B)(4)节所规定的含义。

书记官长

监管资本事件

只要W系列优先股的任何股份是流通股。

(d)相关政府机构“应具有本协定第4(A)节规定的含义。

重置日期.

重置股利确定日期.

“就任何重置期间而言，指该重置期间开始前三个营业日的日期。

重置周期.

“指从每个重置日期开始幷包括到下一个后续重置日期但不包括在内的期间，不包括初始重置期间，这将是从第一个重置日期开始幷包括第一个重置日期到下一个后续重置日期但不包括在内的期间。

W系列清算优先权.

“应具有本协定第5(A)节规定的含义。

W系列优先股.

“应具有本协定第一节所规定的含义。“应具有本协定第14(A)节规定的含义。

转移剂.

信任.

“应具有第6(D)节所给出的含义。第四节分红. 率。当董事会或其任何正式授权的委员会宣布时，持有者有权获得W系列优先股每股的非累积现金股息，金额如下，且不超过于每年3月、6月、9月和12月10日(每个月、月、12月)支付的股息，但只能从合法的可用资金中获得股息支付日期

首次重置日期. 自2021年3月10日起，(Ii)自首个重置日期起(包括首个重置日期)，年利率相等于于最近重置股息决定日期(如下所述)的五年期国库利率加上3.597%的清盘优先股每股25,000美元的季度欠款，自2026年3月10日起生效。

W系列优先股的股息支付记录日期将是董事会或董事会任何其他正式授权的委员会确定的记录日期，该记录日期不超过该股息支付日期的30天，也不少于该股息支付日期的10天。.

股息记录日期“)。任何属于股息记录日期的该等日期，不论该日是否为营业日，均为股息记录日期。自第一个重置日期或之后开始的任何重置期间，五年期国库券利率将为：

(东部时间)自任何确定日期起，由计算代理全权酌情决定。在选择替代或如本公司(或有关联营公司)在咨询其认为合理的任何消息来源后，可全权酌情厘定有关替代利率或后续利率的计算方法或定义，包括为使该替代利率或后续利率与五年期国库利率相若所需的任何调整因素，而厘定的方式须与该替代利率或后续利率的任何业界认可的做法一致。

五年期国库券利率将在每次重置股息决定日确定。.

就任何股息期而言，W系列优先股的任何股息将按360天年度计算，包括12个30天月，而“股息期”是指从每个股息支付日期起至下一个股息支付日期(但不包括)的期间，但不包括初始股息期，即W系列优先股发行日期至(但不包括)第一个股息支付日期的期间。如任何股息支付日期并非营业日，则于该日期应付的任何股息将于下一个营业日支付，且不会就任何该等延迟支付任何额外的应计股息或其他付款。

本公司(或其一间联营公司)根据上述条文可能作出的任何决定、决定或选择，包括有关期限、评级或调整或某事件、情况或日期的发生或不发生的任何决定，以及任何采取或不采取任何行动或任何选择的决定，将为最终决定及具约束力，如无明显错误，将由本公司(或该等联属公司)全权酌情作出，且即使本指定证书有任何相反规定，在未经W系列优先股持有人或任何其他方同意的情况下，仍应生效。

任何股息率计算得出的所有百分比，如有必要，将四舍五入至1%(0.0000001)的最接近的1/100,000个百分点，向上舍入百万分之五个百分点。在W系列优先股计算中使用或计算得出的所有货币金额将舍入到最接近单位的百分之一。为了四舍五入，单位的.005应向上舍入。

非累积股息。如果董事会或其任何正式授权的委员会没有在相关股息支付日期之前的任何股息期间宣布W系列优先股的股息，该股息将不会产生，本公司将没有义务在相关股息支付日期或未来任何时间支付该股息期间的股息，而持有人也无权收取股息，无论是否宣布了W系列优先股或任何其他系列优先股或普通股的股息。本文中提及的股息“应计”仅指确定股息的数额，并不意味著在宣布股息之日之前产生任何股息权利。派息的优先次序

。只要W系列优先股的任何股份仍未发行，除非在股息支付日期，W系列优先股的所有已发行股票的全部股息已经宣布和支付，并且已为当时结束的股息期间预留了足够支付该等股息的金额，否则本公司不会，也不会促使其子公司在下一个股息期间宣布或支付任何股息，或作出与任何初级股票有关的任何分配，或赎回、购买、收购或支付与之有关的任何清算付款，或就此作出任何担保支付，但以下情况除外：

(I)因与雇员、高级人员、董事或顾问订立的任何雇佣合约、福利计划或其他类似安排或为该等雇员、高级人员、董事或顾问的利益而购买、赎回或以其他方式取得初级股票的股份；
(2)根据具有合同约束力的要求购买在当时的股息期开始之前存在的普通股，包括根据具有合同约束力的股票回购计划购买普通股；
(Iii)将任何类别或系列的初级股票交换或转换为任何其他类别或系列的初级股票；

(4)依据初级股票的转换或交换条款或正在转换或交换的证券购买该等股票的零碎权益；
(V)公司的一家投资银行附属公司购买与分销有关的初级股票；或

(Vi)本公司任何投资银行附属公司在其日常业务过程中，就与做市或其他二级市场活动有关的事宜而购买初级股票。

本第4(C)节前述规定的限制不适用于公司支付的任何初级股票股息，如果股息的形式与支付股息的股票形式相同(或购买相同股票的权利)。

除以下规定外，只要W系列优先股的任何股份仍未支付，如果W系列优先股和公司现有或以后授权的任何类别或系列股票在支付股息方面与W系列优先股平等，则不宣布和全额支付股息，对W系列优先股和该等其他股票宣布的所有股息将按比例宣布，因此每股宣布的股息数额将与W系列优先股当时的当期股息期每股应计股息与该等其他股票(包括任何此类承担累计股息的其他股票，则包括所有应计和未支付股息)的应计股息之间的比率相同。

任何合法可用于支付此类股息的资金到期，持有者将无权参与这些股息。
第五节清算权

清算

。如果公司发生任何自愿或非自愿的清算、解散或结束公司的事务，持有人有权在公司作出任何分配或支付之前，或在公司为任何初级股票持有人预留任何分派或付款之前，从合法的可用资金中，有权在清算时优先于W系列优先股或与W系列优先股平价的任何类别或系列股票的持有人的权利以及公司的存款人和其他债权人的权利下，全额获得每股25,000美元的清算优先股金额的清算分配。

W系列清算优先权

“)，加上自上次股息支付日期起至(但不包括)已宣布但尚未支付的范围内的清盘、解散或清盘日期的任何应计股息。在公司事务发生任何此类自愿或非自愿清算、解散或清盘的情况下，持有者无权获得除本第5条明确规定外的任何进一步付款。

部分付款。如本公司的资产不足以全数支付上述向持有人支付的清算分派，以及在本公司任何自愿或非自愿清盘、解散或清盘时，在分配资产方面与W系列优先股平分的本公司任何类别或系列股票的持有人所欠的任何清算分派，则向持有人及所有该等同等级别股票的持有人支付的金额，将按照他们原本有权获得的清盘分派总额按比例支付。合并、合并和出售资产，而不是清算。就本第5条而言，出售、转易、交换或转让(以现金、股票、证券或其他代价换取)本公司全部或几乎所有财产及资产，不得视为自愿或非自愿解散、清盘或清盘本公司事务，亦不得视为本公司与任何其他法团或人士合并、合并或任何其他业务合并交易，或任何其他法团或人士与本公司合并、合并或任何其他业务合并交易，亦不得视为自愿或非自愿解散、清盘或清盘本公司事务。第6款. 赎回

可选的赎回

。根据董事会或其任何正式授权的委员会的选择，公司可以(I)在首次重置日期或之后开始的任何股息支付日期随时全部或不时赎回W系列优先股的全部或部分股份，或(Ii)在监管资本事件发生后90天内的任何时间全部但不部分赎回W系列优先股，每次赎回价格相当于每股25,000美元加上任何已申报和未支付的股息，不累积任何未申报股息，但不包括赎回日，根据下文第6(B)节的规定发出通知。
赎回通知
。每一次赎回W系列优先股股份的通知应以预付邮资的头等邮递方式邮寄至将赎回该等股份的持有人，地址分别为他们在本公司股票登记册上的最后地址。邮寄日期至少应在指定的赎回日期前5天至30天。根据本第6(B)节规定邮寄的任何通知应被最终推定为已正式发出，无论持有人是否收到该通知，但未有通过邮寄方式向指定赎回W系列优先股股份的任何持有人发出该通知，或该通知中或邮寄中的任何缺陷，并不影响赎回W系列优先股任何其他股份的程式的有效性。每份通知应说明：

(I)赎回日期；

(Iii)赎回价格；

(Iv)该等股份的股票将于何处交出以支付赎回价格(如适用的话)；及

(V)拟赎回股份的股息将于赎回日期停止累算。

尽管如上所述，如果证明W系列优先股股份的证书由托管机构登记持有，而任何相关的托管股份由托管机构或其代名人登记持有，本公司可以托管机构允许的任何方式发出通知。

部分赎回

。如于已发行时只赎回W系列优先股的部分股份，则将予赎回的W系列优先股的股份须(I)按该等持有人所持有的W系列优先股的股份数目按比例向该等持有人选择，(Ii)以抽签方式或(Iii)董事会或其任何正式授权委员会可能全权酌情决定的其他方式公平及公平地选择。在本第6节条文的规限下，董事会或董事会任何正式授权的委员会有完全权力及权力规定W系列优先股的股份不时赎回的条款及条件。
赎回的有效性
。如赎回通知已妥为发出，且如在通知所指明的赎回日期当日或之前，本公司已将赎回所需的所有资金，除其其他资产外，按比例拨出，供赎回股份持有人按比例使用，以便可继续用作赎回，或由本公司存入董事会或其任何正式授权委员会选定的银行或信托公司(“

信任

“)为了股份持有人的按比例利益而被要求赎回，则即使任何如此要求赎回的股份的任何股票并未交回以供注销，在

本公司有权不时从信托收取该等基金的任何应计利息，而任何被要求赎回的股份的持有人无权要求任何该等权益。

一般

除下文第7(B)节规定或特拉华州公司法要求外，持股人无权对任何事项进行表决。

___________________________________________________

特别投票权

___________________________________________________

投票权

。如果及每当W系列优先股或任何其他类别或系列优先股的股息在支付股息方面与W系列优先股平价，且已授予并可行使与本条第7(B)(I)条所授投票权相等的投票权(任何该等类别或系列称为“股息平价股票”)时，就任何类别或系列而言，就任何类别或系列而言，至少三个半年度或六个季度股息期(不论是否连续)(a“

___________________________________________________

不付款

“)，组成董事会的法定董事人数应增加两人，而股东连同股息平价股持有人有权在不包括普通股持有人的情况下，以单一类别分开投票，而不分类别或系列(投票权按比例分配)，以填补该等新设立的董事职位(以及填补该等董事职位的任何空缺)。但当选任何该等董事的资格须为当选该董事不得导致本公司违反纽约证券交易所(或本公司证券可在其上市的其他交易所)的企业管治规定，即上市公司必须有过半数独立董事，并进一步规定董事会在任何时候不得包括超过两名该等董事。由股利持有者和股息平价股票持有者共同选出的每一个这样的董事都是

优先股董事

___________________________________________________

选举

。优先股董事的选举将在任何年度股东大会或任何股东特别会议上进行，以及任何股息平价股票的选举，按本文规定召开。在根据上述第7(B)(I)条赋予特别投票权后的任何时间，公司秘书可应至少20%的股份持有人的书面要求(致公司主要办事处的秘书)

W系列优先股的投票权或当时已发行的任何系列股息平价股票至少20%投票权的持有人(该投票权是根据选举优先股董事的投票权衡量)必须(除非在本公司确定的下一次股东年会或特别会议日期前90天内收到该请求，在此情况下，该选择应在该下一届股东年会或特别股东大会上举行)，就选举优先股董事的目的召开W系列优先股和任何股息平价股票的股东特别会议。优先股董事每人有权就任何事项按董事投一票。

特别会议通知

。选举优先股董事的特别会议的通知将以与公司章程中关于股东特别会议的规定类似的方式发出。如果公司秘书在收到任何此类请求后20天内没有召开特别会议，则任何持有人可(费用由公司承担)在收到第7(B)(Iii)条规定的通知后召开该会议，并为此将有权访问公司的股票登记册。在任何该等特别会议上选出的优先股董事及在其后举行的股东周年大会或特别大会上选出的每股优先股董事，其任期将于优先股董事获选后的下一次股东周年大会及优先股董事终止日期(以较早者为准)届满。倘若优先股董事的职位出现任何空缺(首次选举优先股董事前除外)，该空缺可由在任的优先股董事填补，或如无在任的优先股董事，则由W系列优先股及任何股息平价股的持有人以多数票选出，作为一个类别一起投票，而如此委任或选出填补该空缺的优先股董事的任期将于下一届股东周年大会届满。优先股董事只能由W系列优先股和股息平价股的持有人根据本第7条选出。如果W系列优先股和股息平价股的持有人未能选出足够数量的董事来填补根据本第7条他们有权选举董事的所有董事职位，则任何未如此填补的董事职位将保持空缺，直到W系列优先股和股息平价股的持有人根据本第7条推选一人填补该董事职位，或该空缺按照本第7条以其他方式填补；除依照本第7条规定外，公司股东不得担任任何董事职务。

终止；移走

当本公司在W系列优先股和任何有权获得非累积股息的股息平价股票未支付股息后，至少连续两个半年度或连续四个季度股息期间全额支付非累积股息，并已就任何有权获得累积股息的股息平价股票全额支付累计股息，则持有人选举优先股董事的权利将停止(但始终受关于未来股息期间任何类似不支付股息的特别投票权归属的相同规定的规限)(在停止时，“

优先股董事终止日期

“)。在优先股董事终止日，优先股董事的任期立即终止，当时担任优先股董事的人立即不再具有担任优先股董事的资格，优先股董事不再担任本公司董事，组成董事会的董事人数自动减少，不需要董事会采取任何行动

任何优先股董事均可由当时有权在优先股董事选举中投票的股本流通股过半数投票权的持有人在任何时间无故取消，并作为一个类别一起投票(该投票权根据选举优先股董事的投票权衡量)。

高级发行；不利变化

。只要W系列优先股的任何股票是流通股，但在符合第7(C)节最后一段的规定下，除了特拉华州法律要求的公司股本持有人的任何其他投票或同意外，W系列优先股至少三分之二投票权的持有人和有权就此投票的任何其他优先股持有人的投票或同意、亲自或委托代表在股东年度会议或特别会议上作为一个类别一起投票、或在未召开会议的情况下以书面形式进行投票，将是实施或验证以下任何行动所必需的。无论特拉华州法律是否需要这样的批准：

(I)对本公司的公司注册证书(包括设立W系列优先股的指定证书)或本公司的附例的任何条文作出的任何修订、更改或废除，而该等条文会改变或改变W系列优先股的投票权、优先股、经济权利或特别权利，从而对其产生不利影响；

(Iii)完成涉及W系列优先股的有约束力的换股或重新分类，或公司与另一实体的合并或合并，但W系列优先股的持有人根据本规定或根据特拉华州法律将没有投票权，条件是在以下情况下：(I)W系列优先股仍未发行，或在任何此类合并或合并的情况下，转换或交换尚存或产生的实体或其最终母公司的优先证券，该实体或其最终母公司是根据美利坚合众国法律组织和存在的实体，视具体情况而定，拥有的权利、优先权、特权和投票权，从整体上看，对持有人的有利程度不低于W系列优先股的权利、优先权、特权和投票权；

但前提，为免生疑问，授权或发行的W系列优先股或授权优先股或任何证券的金额的任何增加

倘若本第7(C)条规定的任何修订、更改、废除、换股、重新分类、合并或合并将对本公司一个或多个但不是所有优先股系列产生不利影响，则只有受该事项不利影响并有权就该事项投票的该等优先股系列才可就该事项与W系列优先股作为一个单一类别(代替所有其他系列优先股)进行表决，以达到本第7(C)条所要求的投票或同意的目的。

如果赎回，则投反对票。

第8节.优先购买权和转换权

持有者不应因本协定条款而享有任何优先购买权或转换权。第9节.职级

为免生疑问，董事会或其任何正式授权委员会可不经持有人投票而授权及发行额外的初级股票或本公司现有或以后获授权的任何类别或系列股票的股份，而该等股份在支付股息或在本公司任何自愿或非自愿清盘、解散或清盘时与W系列优先股同等。第10节.重新获得的股份

董事会应采取必要行动，使本公司已赎回或以其他方式购买或收购的W系列优先股的股份注销，并恢复为未指定系列的授权但未发行的优先股的状态。

第11小节. 无偿债基金

第12条转账代理人、计算代理人、登记官及付款代理人W系列优先股的正式指定转让代理人、计算代理人、注册人和支付代理人应为ComputerShare Trust Company，N.A.公司可根据公司与转让代理人之间的协定，全权酌情解除转让代理人和/或计算代理人的职务；

但前提

，公司应指定一名继任者转让代理人和/或计算代理人，该代理人应在该项免职生效前接受该项委任。在任何该等免任或委任后，本公司应以预付邮资的头等邮递方式向持有人发出有关通知。

第14条.表格

W系列优先股股票

W系列优先股应以证书形式发行，其形式基本上与附件A(每个，a)的形式相同。

W系列优先股证书

“)。附件A特此并入并明确成为本指定证书的一部分。

______________________________

签名

两名高级职员应根据公司章程和适用法律，以手工或传真方式签署公司的任何W系列优先股证书。如果在W系列优先股证书上签字的高级职员在转让代理会签W系列优先股证书时不再担任该职位，则该W系列优先股证书仍然有效。在转让代理的授权签字人手动加签W系列优先股证书之前，W系列优先股证书无效。每张W系列优先股证书的日期应为其会签日期。

______________________________

第15节.税收转让税

。公司应支付与发行或交付W系列优先股股票有关的任何和所有股票转让、单据、印花税和类似税款。然而，本公司无须就发行或交付W系列优先股股份所涉及的任何转让(W系列优先股股份的登记名称除外)，或就支付予任何人的任何付款(付款予该优先股的登记持有人除外)缴付任何该等税款，亦无须支付任何该等发行、交付或付款，除非与直至以其他方式有权获得该等发行、交付或付款的人士已向本公司支付任何该等税款的款额，或已确立令本公司满意的款额，该等税项已缴付或无须缴付。

扣缴

。对W系列优先股股票的所有支付和分配(或被视为分配)应在法律要求的范围内预扣和备用预扣税款，但须遵守适用的豁免，如果有预扣金额，应视为已由持有人收到。本合同提及的所有通知应以书面形式发出，除非本合同另有规定，否则本合同项下的所有通知应视为在收到通知的较早日期或以挂号信或挂号信邮寄后三个工作日发出(除非根据本指定证书的条款，此类通知特别允许以第一类邮件发出)，并预付邮资：(I)如寄往本公司，则寄往其位于纽约纽约格林威治街388号的办公室(注意：公司秘书)或寄往马萨诸塞州02021罗亚尔街150Royall Street的办公室，或(Ii)如发给任何持有人，则寄往本公司股票记录簿所载该持有人的地址(可能包括转让代理的记录)或(Iii)本公司或任何该等持有人(视情况而定)以类似方式发出的通知所指定的其他地址。第17条放弃的其他权利。W系列优先股的股份并无投票权、优先权或相对、参与、选择或其他特别权利，或其资格、限制或限制，但本文件或本公司注册证书所载者除外。

花旗集团。

作者：

/S/Michael Verdeschi_姓名：迈克尔·弗德斯基头衔：财务主管

表现出

4.000%固定利率重置非累积优先股表格，系列W.

股票编号_W系列优先股股数_

CUSIP编号：花旗集团

“4.000%固定利率重置非累积优先股，W系列(每股面值1.00美元)(清算优先权每股25,000美元)

“花旗集团，特拉华州一家公司(“本公司”)，特此证明[](“持有人”)是本公司指定的4.000%固定利率重置非累积优先股W系列(“W系列优先股”)(面值每股1美元，清算优先股每股25,000美元)[]已缴足股款及免税股份的登记拥有人。W系列优先股的股份可于交回本证书后，亲自或由正式授权的受权人在注册处的簿册及记录上转让，并以适当的转让形式予以转让。在此陈述的W系列优先股的名称、权利、特权、限制、优先及其他条款和条款，在各方面均受日期为2020年12月9日的指定证书的规定所规限，该指定证书可能会不时修订(下称“指定证书”)。此处使用但未定义的大写术语应具有《指定证书》中赋予它们的含义。公司将在其主要营业地点向公司提出书面要求时，免费向持有人提供指定证书的副本。兹参考本文背面所列W系列优先股的精选条款和指定证书，其中精选条款和指定证书在所有目的中应具有与此地所述相同的效力。

“持证人一经收到本证书，即受指定证书的约束，并有权享有该证书所规定的利益。除非注册处已适当会签，否则该等W系列优先股股份将无权根据指定证书享有任何利益，亦不得就任何目的而具有效力或义务。

“本证书由公司代表公司签署，特此为证[标题]

“并通过它的[标题]

“_年_月_日。花旗集团。

“由：_名称：标题：由：_名称：标题：

“司法常务官会签这些股票是上述指定证书中所指的W系列优先股。

“日期： ComputerShare Trust Company，N.A.为注册处处长

“由：_名称：标题：证书的反转

“W系列优先股的每股股息应按指定证书中规定的比率支付。W系列优先股的股票可根据公司的选择，按照指定证书中规定的方式和条款进行赎回。

“ 对于收到的价值，以下签署人将特此证明的W系列优先股股份转让并转让给：(如有的话，请填上受让人的社会保障或纳税人身分证号码)

“(填写受让人地址和邮递区号)并不可撤销地任命：

“作为转让W系列优先股股份的代理人，特此在转让代理人的帐簿上证明。代理人可以代替他人代理。日期：

“签名：(与您的名字在本证书的另一面完全相同)

“签名保证：___________________________________________________(签字必须由符合条件的“担保机构”担保，该机构是银行、股票经纪人、储蓄和贷款协会或信用合作社，符合转让代理人的要求，该要求包括加入或参与证券转让代理人徽章计划(“印章”)或转让代理人可能决定的其他“签字担保计划”，以补充或代替印花，所有这些都符合1934年修订的证券交易法。)

“授权证书的

“3.875%固定利率恢复非创造性库存X系列的

"花旗集团根据《联合国宪章》第151条

“德拉瓦州一般公司法花旗集团

“，特拉华州一家公司(“本公司”)特此证明：

“2.公司注册证书明确授予本公司董事会(“董事会”)权力，规定发行系列优先股股票，并不时确定每个此类系列股票将包括的股份数量，以及确定每个此类系列股票的名称、权力、优先股和权利及其资格、限制或限制。3.根据赋予优先股委员会的权力(“

“优先股委员会“)经董事会批准，优先股委员会于2021年2月10日正式采取行动，通过决议(I)授权发行和出售至多92,000股本公司优先股，以及(Ii)批准本指定证书的最终格式为3.875固定利率重置非累积优先股，X系列(”

X系列优先股.

(a) “)，确定纳入本X系列优先股的股票数量，并确定本X系列优先股的指定、权力、优先股和权利及其资格、限制或限制如下：第1节.指定优先股系列的名称应为“3.875固定利率重置非累积优先股，X系列”。X系列优先股的每一股应在各方面与X系列优先股的其他每一股相同。, 第二节股份数量X系列优先股的授权股数为92,000股。公司有权发行X系列优先股的零股。第3节.定义。如本文针对X系列优先股所使用的：适当的联盟银行机构指1950年修订的《联盟存款保险法》第3(Q)节或任何后续条款中定义的与公司有关的“适当的联盟银行机构”。董事会“具有上述演奏会中所阐述的含义。

(b) 工作日“指不是纽约市国定假日，也不是法律或法规授权或要求纽约市银行机构关闭的任何工作日。

X系列优先股及其继任者和转让者。

普通股

“指每股面值为0.01美元的公司普通股，或该等普通股应重新分类或变更为公司股本的任何其他股份。

保存人

“指DTC或其代名人或本公司委任的任何继任托管人。

股息支付日期

“应具有本协定第4(A)节规定的含义。

红利期

“应具有本协定第4(A)节规定的含义。

股息记录日期.

(a) “应具有本协定第4(A)节规定的含义。直接转矩」是指存管信托公司。首次重置日期

(b) “应具有本协定第4(A)节规定的含义。保持器

(d) 「是指以其名义登记X系列优先股股份的人，公司、计算代理、转让代理、登记处和付款代理可将其视为X系列优先股股份的绝对所有者，以付款和所有其他目的。初级股

“指普通股及任何其他类别或系列的.

(a) 现已存在或今后已授权的公司X系列优先股在公司的任何自愿或非自愿清算、解散或清盘时，在支付股息或分配资产方面的优先权或优先权。

(b) 不付款“应具有本协定第7(B)(I)节规定的含义。

纽约联盟储备银行的网站

“应具有本协定第4(A)节规定的含义。

官

“指本公司的首席执行官、董事长、首席行政官、任何副主席、首席财务官、财务总监、首席会计官、司库、任何副司库、任何助理司库、任何副总裁、总法律顾问兼公司秘书及任何助理秘书。

人

“是指法人，包括任何个人、公司、房地产、合伙企业、合营企业、协会、股份公司、有限责任公司、信托或者其他实体。

(d) 优先股董事终止日期“应具有本协定第7(B)(4)节所规定的含义。书记官长“指以X系列优先股登记人的身分行事的转让代理及其继承人和受让人。

监管资本事件

“指本公司真诚地决定，由于(I)对美国法律或法规(为免生疑问，包括美国的任何机构或机构，包括美联储和其他联盟银行监管机构)或美国的任何政治分支的任何修订、澄清或更改，而该等法律或法规是在X系列优先股的任何股份首次发行后颁布或生效的，(Ii)该等法律或法规的任何拟议更改是在X系列优先股的任何股份首次发行后宣布或生效的，或(Iii)在X系列优先股任何股票首次发行后宣布的解释或实施与之相关的法律或法规或政策的任何官方行政决定或司法决定或行政行动或其他官方声明，公司将有权根据当时有效和适用的美联储资本充足率指导方针(或如适用，任何后续适当的联盟银行机构的资本充足率指导方针或规定)将X系列优先股每股25,000美元的全部清算优先股金额视为当时有效和适用的“一级资本”(或其等价物)，这是一种微不足道的风险。只要X系列优先股的任何股份都是流通股。.

(a) 相关政府机构. “应具有本协定第4(A)节规定的含义。

(b) 重置日期.

(i) 重置股利确定日期“就任何重置期间而言，指该重置期间开始前三个营业日的日期。重置周期“指从每个重置日期开始幷包括到下一个后续重置日期但不包括在内的期间，不包括初始重置期间，这将是从第一个重置日期开始幷包括第一个重置日期到下一个后续重置日期但不包括在内的期间。.”

(ii) X系列清算优先权“应具有本协定第5(A)节规定的含义。

(iii) “应具有本协定第一节所规定的含义。

(iv) . “应具有本协定第14(A)节规定的含义。

转移剂指北卡罗来纳州的ComputerShare Trust Company，这是一个联盟特许的全国性协会，担任X系列优先股及其继承人和受让人的转让代理、计算代理、登记处和支付代理。信任

率

。当董事会或其任何正式授权的委员会宣布时，持有人有权获得X系列优先股每股的非累积现金股息，金额如下，并在每年2月、5月、8月和11月18日(每个月、月、11月)支付，但只能从合法的可用资金中获得。

股息支付日期

)，(I)自发出日期起至2026年2月18日(包括该日期)的季度欠款(包括该日期在内)

首次重置日期自2021年5月18日起，(Ii)自首个重置日期起(包括首个重置日期在内)，每个重置期间的年利率相等于于最近重置股息决定日期(如下所述)的五年期国库利率加3.417%的清盘优先股每股25,000美元，季度拖欠，自2026年5月18日开始。

X系列优先股的股息支付记录日期将是董事会或董事会任何其他正式授权的委员会确定的记录日期，该记录日期不超过该股息支付日期的30天，也不少于该股息支付日期的10天。

(d)股息记录日期“)。任何属于股息记录日期的该等日期，不论该日是否为营业日，均为股息记录日期。

自第一个重置日期或之后开始的任何重置期间，五年期国库券利率将为：.

·在最近发布的指定为H.15每日更新的统计新闻稿或任何由联盟储备委员会(Federal Reserve Board)截至下午5点发布的后续出版物中，交易活跃的美国国债在五个工作日内的平均收益率，调整为恒定到期日，五年期到期日的标题为“财政部恒定到期日”。(东部时间)自任何确定日期起，由计算代理全权酌情决定。

在计算替代或继承率时，本公司(或该关联公司)可在咨询其认为合理的任何来源后自行决定计算替代或继承率的天数惯例、营业日惯例、营业日的定义、重置股息决定日期以及计算替代或继承率的任何其他相关方法或定义，包括

就任何股息期而言，X系列优先股的任何股息将按360天年度计算，包括12个30天月，而“股息期”是指从每个股息支付日期起至下一个股息支付日期(但不包括)的期间，但不包括初始股息期，即X系列优先股发行之日起至(但不包括)第一个股息支付日期的期间。.

本公司(或其一间联营公司)根据上述条文可能作出的任何决定、决定或选择，包括有关期限、评级或调整或某事件、情况或日期的发生或不发生的任何决定，以及采取或不采取任何行动或任何选择的任何决定，将为最终决定及具约束力，且无明显错误，将由本公司(或该等联属公司)全权酌情作出，且，即使本指定证书有任何相反规定，在未经X系列优先股持有人或任何其他方同意的情况下，将会生效。

任何股息率计算得出的所有百分比，如有必要，将四舍五入至1%(0.0000001)的最接近的1/100,000个百分点，向上舍入百万分之五个百分点。在X系列优先股计算中使用或计算得出的所有货币金额将舍入到最接近单位的百分之一。为了四舍五入，单位的.005应向上舍入。.

非累积股息。如果董事会或其任何正式授权的委员会没有在相关股息支付日期之前的任何股息期间宣布X系列优先股的股息，该股息将不会产生，本公司将没有义务在相关股息支付日期或未来任何时间支付该股息期间的股息，而持有人也无权收取股息，无论是否宣布了X系列优先股或任何其他系列优先股或普通股的股息。派息的优先次序

。只要X系列优先股的任何股份仍未发行，除非关于股息支付日期，X系列优先股的所有已发行股票的全部股息已宣布和支付，且已为当时结束的股息期预留足够支付该等股息的款项，否则本公司.

不会，也不会导致其子公司不会在下一个后续股息期内宣布或支付任何股息，进行任何与任何初级股票相关的分配，或赎回、购买、收购或支付与任何初级股票相关的清算金，或支付任何担保金，但以下除外：

(I)因与雇员、高级人员、董事或顾问订立的任何雇佣合约、福利计划或其他类似安排或为该等雇员、高级人员、董事或顾问的利益而购买、赎回或以其他方式取得初级股票的股份；.

(a) (2)根据具有合同约束力的要求购买在当时的股息期开始之前存在的普通股，包括根据具有合同约束力的股票回购计划购买普通股；. (Iii)将任何类别或系列的初级股票交换或转换为任何其他类别或系列的初级股票；(4)依据初级股票的转换或交换条款或正在转换或交换的证券购买该等股票的零碎权益；(V)公司的一家投资银行附属公司购买与分销有关的初级股票；或

(Vi)本公司任何投资银行附属公司在其日常业务过程中，就与做市或其他二级市场活动有关的事宜而购买初级股票。本第4(C)节前述规定的限制不适用于公司支付的任何初级股票股息，如果股息的形式与支付股息的股票形式相同(或购买相同股票的权利)。. 除以下规定外，只要X系列优先股的任何股份仍未支付，如果X系列优先股和公司现有或以后授权的任何类别或系列的股票在支付股息方面与X系列优先股平等，则不宣布和全额支付股息，对X系列优先股和该等其他股票宣布的所有股息将按比例公布，因此，宣布的每股股息数额将与X系列优先股当时的当期股息期每股应计股息与该等其他股票(如属承担累计股息的任何其他股票，则包括所有应计和未付股息)的应计股息之间的比率相同。

在不违反上述规定的情况下，董事会或其任何正式授权的委员会可能确定的以现金、股票或其他方式支付的股息，可以从合法可用于此类支付的任何资金中不时就公司任何其他类别或系列的股票宣布和支付，持有人将无权参与这些股息。.

(a) 第五节清算权清算

(b) 。如果公司发生任何自愿或非自愿的清算、解散或结束公司的事务，持有人有权在公司作出任何分配或支付之前，或在公司为任何初级股票持有人预留任何分派或付款之前，从合法的可用资金中，有权在清算时优先于X系列优先股或与X系列优先股平价的任何类别或系列股票的持有人的权利以及公司的存款人和其他债权人的权利下，全额获得每股25,000美元的清算优先股金额的清算分配。X系列清算优先权

“)，加上自上次股息支付日期起至(但不包括)已宣布但尚未支付的范围内的清盘、解散或清盘日期的任何应计股息。在公司事务发生任何此类自愿或非自愿清算、解散或清盘的情况下，持有者无权获得除本第5条明确规定外的任何进一步付款。.

部分付款

。如本公司的资产不足以全数支付上述向持有人支付的清算分派，以及在本公司任何自愿或非自愿清盘、解散或清盘时，在分配资产方面与X系列优先股平分的本公司任何类别或系列股票的持有人所欠的任何清算分派，则向持有人及所有该等同等级别股票的持有人支付的金额，将按照他们原本有权获得的清盘分派总额按比例支付。

合并、合并和出售资产，而不是清算

。就本第5条而言，出售、转易、交换或转让(以现金、股票、证券或其他代价换取)本公司全部或几乎所有财产及资产，不得视为自愿或非自愿解散、清盘或清盘本公司事务，亦不得视为本公司与任何其他法团或人士合并、合并或任何其他业务合并交易，或任何其他法团或人士与本公司合并、合并或任何其他业务合并交易，亦不得视为自愿或非自愿解散、清盘或清盘本公司事务。

第6款. 赎回可选的赎回。根据董事会或其任何正式授权的委员会的选择，公司可以(I)在首次重置日期或之后开始的任何股息支付日期，随时或不时从已发行的X系列优先股全部或部分，或(Ii)在监管资本事件发生后90天内的任何时间，以相当于每股25,000美元的赎回价格加上任何已申报和未支付的股息，赎回X系列优先股的全部或部分股份，但不包括任何未申报的股息，根据下文第6(B)节的规定发出通知。

赎回通知

。邮寄日期至少应在指定的赎回日期前5天至30天。按第6(B)节规定邮寄的任何通知应被最终推定为已正式发出，不论持有人是否收到该通知，但未能以邮寄方式向指定赎回X系列优先股股份的任何持有人发出该通知，或该通知中或邮寄中的任何瑕疵，并不影响赎回X系列优先股任何其他股份的程式的有效性。每份通知应说明：

(I)赎回日期；

(Iii)赎回价格；

(Iv)该等股份的股票将于何处交出以支付赎回价格(如适用的话)；及
(V)拟赎回股份的股息将于赎回日期停止累算。

尽管如上所述，如果证明X系列优先股股份的证书由托管机构登记持有，而任何相关的托管股份由托管机构或其代名人登记持有，本公司可以托管机构允许的任何方式发出通知。

部分赎回

。如于已发行时只赎回X系列优先股的部分股份，则将予赎回的X系列优先股股份须(I)按该等持有人所持有的X系列优先股股份数目按比例向该等持有人选择，(Ii)以抽签方式或(Iii)董事会或其任何正式授权委员会全权酌情决定为公平及公平的其他方式选择。

赎回的有效性

。如赎回通知已妥为发出，且如在通知所指明的赎回日期当日或之前，本公司已将赎回所需的所有资金，除其其他资产外，按比例拨出，供赎回股份持有人按比例使用，以便可继续用作赎回，或由本公司存入董事会或其任何正式授权委员会选定的银行或信托公司(“
信任

“)为被要求赎回的股份的持有人按比例受益，则即使任何如此要求赎回的股份的任何股票尚未交回注销，在赎回日期当日及之后，所有如此要求赎回的股份均停止流出，与该等股份有关的所有股息于该赎回日期停止累算，而与该等股份有关的所有权利须于该赎回日期立即停止及终止，但以下情况除外

持有人有权在赎回日期后的任何时间，从如此存入的基金中收取因赎回而应支付的款项，而不收取利息。本公司有权不时从信托收取该等基金的任何应计利息，而任何被要求赎回的股份的持有人无权要求任何该等权益。于赎回日期起计三年届满时，任何如此缴存而无人认领的资金，须在法律许可的范围内发放或偿还予本公司，如已向本公司偿还该等款项，则被要求赎回的股份持有人应被视为本公司的无抵押债权人，金额相当于上文所述为赎回该等股份而缴存并已偿还予本公司的款项，但在任何情况下均无权获得任何利息。

第七节投票权

一般

除下文第7(B)节规定或特拉华州公司法要求外，持股人无权对任何事项进行表决。特别投票权。如果及每当X系列优先股或任何其他类别或系列优先股的股息在支付股息方面与X系列优先股平价，且已授予并可行使与本条第7(B)(I)条所授投票权相等的投票权时(任何该等类别或系列称为“股息平价股票”)，则就任何类别或系列而言，就任何类别或系列而言，至少三个半年度或六个季度股息期(不论是否连续)(a“不付款

优先股董事
选举
。优先股董事的选举将在任何年度股东大会或任何股东特别会议上进行，以及任何股息平价股票的选举，按本文规定召开。

优先股董事每人有权就任何事项按董事投一票。
特别会议通知
。选举优先股董事的特别会议的通知将以与公司章程中关于股东特别会议的规定类似的方式发出。如果公司秘书在收到任何此类请求后20天内没有召开特别会议，则任何持有人可(费用由公司承担)在收到第7(B)(Iii)条规定的通知后召开该会议，并为此将有权访问公司的股票登记册。在任何该等特别会议上选出的优先股董事及在其后举行的股东周年大会或特别大会上选出的每股优先股董事，其任期将于优先股董事获选后的下一次股东周年大会及优先股董事终止日期(以较早者为准)届满。倘若优先股董事的职位出现任何空缺(首次选举优先股董事前除外)，该空缺可由在任的优先股董事填补，或如无人在任，则由X系列优先股及任何股息平价股的持有人以多数票选出，作为一个类别一起投票，而如此委任或选出填补该空缺的优先股董事的任期将于下一届股东周年大会届满。除依照本第7条规定外，公司股东不得担任任何董事职务。

终止；移走

当本公司在X系列优先股和任何有权获得非累积股息的股息平价股票未支付股息后，至少连续两个半年度或连续四个季度股息期间全额支付非累积股息，并已就任何有权获得累积股息的股息平价股票全额支付累计股息时，则持有人选举优先股董事的权利将终止(但始终受关于未来股息期间任何类似不支付股息的特别投票权归属的相同规定的规限)(在停止时，“

优先股董事终止日期

“)。在优先股董事终止之日，优先股董事的任期将立即终止，当时担任优先股董事的人员将立即不再具有担任优先股董事的资格，优先股董事将不再担任本公司董事，组成董事会的董事人数将自动减少，减去紧接该终止日期之前授权的优先股董事人数，而无需董事会或本公司股东采取任何行动。持有董事流通股过半数投票权的股东可在没有任何理由的情况下随时撤换任何优先股

高级发行；不利变化
。无论特拉华州法律是否需要这样的批准：

(I)对公司的公司注册证书(包括设立X系列优先股的指定证书)或公司章程的任何条款的任何修订、更改或废除，而该等条款会改变或改变X系列优先股的投票权、优先股、经济权利或特别权利，从而对其产生不利影响；

(Iii)完成涉及X系列优先股的有约束力的股份交换或重新分类，或公司与另一实体的合并或合并，但在以下情况下，X系列优先股的持有人根据本规定或根据特拉华州法律将没有投票权：(I)X系列优先股仍未发行，或在任何此类合并或合并中，公司并非尚存或产生的实体，而该等合并或合并已转换或交换为尚存或产生的实体或其最终母公司的优先证券，而该实体是根据美利坚合众国法律组织和存在的实体，任何州或哥伦比亚特区且为美国联盟所得税目的的公司(或如果该实体不是公司，本公司已收到在该等事项方面经验丰富的全国公认律师的意见，大意是，在该等合并或合并后，持有者将就该等新的优先证券以相同的金额同时或以与在该等合并或合并前的X系列优先股下的相同方式缴税)，及(Ii)该X系列优先股仍未发行或该等优先证券，视具体情况而定，拥有的权利、优先权、特权和投票权，作为一个整体，不比X系列优先股的权利、优先权、特权和投票权作为一个整体对持有者有实质性的不利影响；

但前提

，为免生疑问，任何增加或发行系列X优先股或任何可转换为优先股的证券，或设立和发行其他系列优先股或任何可转换为优先股的证券，或任何可转换为与系列X优先股同等和/或低于系列X优先股的优先股的证券，

___________________________________________________

如果赎回，则投反对票

。根据第7(B)或7(C)条，倘于有关表决或同意的行为生效时或之前，本公司应已赎回或已要求赎回X系列优先股的所有已发行股份，并已发出适当通知及已就该等赎回预留足够资金，则根据第7(B)或7(C)条，本公司将不需要持有人投票或同意。

___________________________________________________

第8节.优先购买权和转换权

持有者不应因本协定条款而享有任何优先购买权或转换权。

第9节.职级

___________________________________________________

第10节.重新获得的股份

董事会应采取必要行动，使本公司已赎回或以其他方式购买或收购的X系列优先股的股份注销，并恢复为未指定系列的授权但未发行的优先股的状态。

第11小节. 无偿债基金

X系列优先股的股票不受偿债基金运作的约束。

第12条转账代理人、计算代理人、登记官及付款代理人
X系列优先股的正式指定转让代理人、计算代理人、注册人和支付代理人应为ComputerShare Trust Company，N.A.公司可根据公司与转让代理人之间的协定，全权酌情解除转让代理人和/或计算代理人的职务；

但前提

______________________________

第13节残损、销毁、被盗和遗失证书的补发证书

______________________________

第14条.表格X系列优先股股票

X系列优先股应以证书形式发行，其形式基本上与附件A(每个，a)的形式相同。

X系列优先股证书

“)。附件A特此并入并明确成为本指定证书的一部分。X系列优先股证书可能有法律、证券交易规则、公司必须遵守的协定(如果有的话)或惯例所要求的符号、图例或背书(前提是任何此类符号、图例或背书采用公司可接受的形式)。签名两名高级管理人员应根据公司章程和适用法律，以手工或传真方式签署公司的任何X系列优先股证书。如果在X系列优先股证书上签字的高级职员在转让代理会签X系列优先股证书时不再担任该职位，则该X系列优先股证书仍然有效。在转让代理的授权签字人手动加签X系列优先股证书之前，X系列优先股证书无效。每张X系列优先股证书的日期应为其会签日期。

第15节.税收转让税。公司应支付与发行或交付X系列优先股股票有关的任何和所有股票转让、单据、印花税和类似税款。

可就发行或交付X系列优先股股份所涉及的任何转让(以X系列优先股股份的登记名称以外的名称)，或就支付给任何人士的任何付款(付款予该优先股的登记持有人除外)而支付，且无须作出任何有关发行、交付或付款，除非及直至其他有权获得该等发行、交付或付款的人士已向本公司支付任何该等税项，或已确立令本公司信纳该等税项已缴或不须缴交。.

扣缴

。对X系列优先股股票的所有支付和分配(或被视为分配)应在法律要求的范围内预扣和备用预扣税款，但须遵守适用的豁免，如果有预扣金额，应视为已由持有人收到。

本合同提及的所有通知应以书面形式发出，除非本合同另有规定，否则本合同项下的所有通知应视为在收到通知的较早日期或以挂号信或挂号信邮寄后三个工作日发出(除非根据本指定证书的条款，此类通知特别允许以第一类邮件发出)，并预付邮资：(I)如寄往本公司，则寄往其位于纽约纽约格林威治街388号的办公室(注意：公司秘书)或寄往马萨诸塞州02021罗亚尔街150Royall Street的办公室，或(Ii)如发给任何持有人，则寄往本公司股票记录簿所载该持有人的地址(可能包括转让代理的记录)或(Iii)本公司或任何该等持有人(视情况而定)以类似方式发出的通知所指定的其他地址。

第17条放弃的其他权利。除本文件或本公司注册证书所载者外，X系列优先股股份并无投票权、优先权或相对、参与、选择或其他特别权利，或其资格、限制或限制。

“兹证明，本指定证书已于2021年2月17日由公司司库代表公司签署。花旗集团。

“作者： _/S/迈克尔·韦尔德斯基_

“姓名：迈克尔·韦尔德斯基头衔：财务主管

“表现出3.875%固定利率重置非累积优先股表格，系列X

“股票编号_X系列优先股股数_CUSIP编号：

“花旗集团

“(每股面值1.00美元)(清算优先权每股25,000美元)花旗集团，特拉华州一家公司(“本公司”)，特此证明[](“持有人”)是本公司指定的3.875%固定利率重置非累积优先股X系列(“X系列优先股”)(面值每股1美元，清算优先股每股25,000美元)[]已缴足股款及免税股份的登记拥有人。X系列优先股的股份可于交回本证书后，亲自或由正式授权的受权人在注册处的簿册及记录上转让，并以适当的转让形式予以转让。在此陈述的X系列优先股的名称、权利、特权、限制、优先及其他条款和条款在各方面均受日期为2021年2月17日的指定证书的规定所规限，该指定证书可能会不时修订(下称“指定证书”)。此处使用但未定义的大写术语应具有《指定证书》中赋予它们的含义。公司将在其主要营业地点向公司提出书面要求时，免费向持有人提供指定证书的副本。

“兹参考本文背面所列X系列优先股的精选条款和指定证书，其中精选条款和指定证书在所有目的中应具有与此地所述相同的效力。持证人一经收到本证书，即受指定证书的约束，并有权享有该证书所规定的利益。

“除非注册处已适当会签，否则该等X系列优先股股份将无权享有指定证书下的任何利益，或就任何目的而言均属有效或有义务持有。本证书由公司代表公司签署，特此为证

“[标题]并通过它的

“[标题]_年_月_日。

“花旗集团。作者：_姓名：职务：

作者：_姓名：职务：

“司法常务官会签这些是上述指定证书中提及的X系列优先股的股份。

“日期： ComputerShare Trust Company，N.A.为注册处处长

“作者：_姓名：职务：证书的反转

“ X系列优先股每股股份的股息应按照指定证书中规定的费率支付。 X系列优先股的股份可由公司选择按照指定证书中规定的方式和条款赎回。

“ 对于收到的价值，以下签署人将特此证明的X系列优先股股份转让并转让给：(如有的话，请填上受让人的社会保障或纳税人身分证号码)

“(填写受让人地址和邮递区号)并不可撤销地任命：

“作为转让X系列优先股股份的代理人，特此在转让代理人的帐簿上证明。代理人可以代替他人代理。日期：

“签名：(与您的名字在本证书的另一面完全相同)

“退休证书优先股的比例

“花旗集团的名字。(根据《总则》第243条

“《中华人民共和国公司法》德拉瓦

“花旗集团，根据《中华人民共和国公司法》正式成立并存续的公司德拉瓦

“，证明如下：第一：花旗集团经修订的重新注册证书(“注册证书”)授权发行41,400股S系列非累积优先股(“S系列优先股”)，每股面值1.00美元，每股声明价值25,000美元。

第二：花旗集团已经注销了S系列优先股的所有授权股份。.

(a) 第三：根据特拉华州公司法第243条的规定，被指定为优先股系列S的股份特此恢复花旗集团优先股的授权但未发行股份的状态。特此作证，花旗集团。已促使本证书于2021年2月18日由以下正式授权的助理司库签署。花旗集团通过

艾丽莎·斯坦伯格助理司库退休证书优先股的比例花旗集团的名字。(根据《总则》第243条

(b) 《中华人民共和国公司法》德拉瓦

，证明如下：

第一：花旗集团经修订的重新注册证书(“注册证书”)授权发行50,000股面值为5.950%的Q系列非累积优先股(“Q系列优先股”)，每股面值1.00美元，每股声明价值25,000美元。

第二：花旗集团已经注销了优先股Q系列的所有授权股份。

第三：根据特拉华州公司法第243条的规定，指定为优先股Q系列的股份现恢复花旗集团优先股的授权但未发行股份的状态。

特此作证，花旗集团。已促使本证书于2021年5月19日由以下正式授权的助理司库签署。

花旗集团

通过

艾丽莎·斯坦伯格

助理司库.

(a) 退休证书优先股的比例

花旗集团的名字。

(b) (根据《总则》第243条《中华人民共和国公司法》

德拉瓦.

(a) ，证明如下：

(b) 第三：根据特拉华州公司法第243条的规定，指定为优先股R系列的股份现恢复花旗集团优先股的授权但未发行股份的状态。

特此作证，花旗集团。已促使本证书于2021年5月19日由以下正式授权的助理司库签署。

花旗集团

通过

：_/S/艾丽莎·斯坦伯格_

艾丽莎·斯坦伯格

助理司库

授权证书

(d) 的花旗集团根据《联合国宪章》第151条德拉瓦州一般公司法

花旗集团。

，特拉华州一家公司(“本公司”)特此证明：.

(a) 1.《公司重新注册证书》(《公司注册证书》)规定，公司有权发行60亿股普通股(每股面值0.01美元)和3000万股(30,000,000股)优先股，每股面值1.00美元。. 2.公司注册证书明确授予本公司董事会(“董事会”)权力，规定发行系列优先股股票，并不时确定每个此类系列股票将包括的股份数量，以及确定每个此类系列股票的名称、权力、优先股和权利及其资格、限制或限制。

(b) 3.根据赋予优先股委员会的权力(“.

(i) 优先股委员会“)经董事会批准，优先股委员会于2021年10月20日正式采取行动，通过决议(I)授权发行和出售至多40,000股本公司的优先股，以及(Ii)批准本指定证书的最终格式为4.150固定利率重置非累积优先股Y系列(”Y系列优先股“)，确定纳入本Y系列优先股的股票数量，并确定本Y系列优先股的指定、权力、优先股和权利及其资格、限制或限制如下：第1节.指定.”

(ii) 优先股系列的名称应为“4.150固定利率重置非累积优先股，Y系列”。Y系列优先股的每一股应在各方面与Y系列优先股的其他每一股相同。第二节股份数量

Y系列优先股的授权股数为40,000股。该数目可不时由董事会、优先股委员会或其任何其他正式授权委员会正式通过的进一步决议案，以及根据特拉华州公司法的规定提交证书，述明有关增加或减少(视情况而定)，以增加(但不超过优先股的法定股份总数)或减少(但不低于当时已发行的Y系列优先股的股份数目)。公司有权发行Y系列优先股的零股。

(iii) 第3节.定义。如本文中关于Y系列优先股所使用的：

(iv) 适当的联盟银行机构. 」指与公司相关的「适当联邦银行机构」，该术语的定义见1950年《联邦存款保险法》（经修订）或任何后续条款。董事会“具有上述演奏会中所阐述的含义。

工作日

「指以计算代理人身份行事的转让代理人

适用于Y系列优先股及其继任者和转让者。

普通股

“指每股面值为0.01美元的公司普通股，或该等普通股应重新分类或变更为公司股本的任何其他股份。

保存人“指DTC或其代名人或本公司委任的任何继任托管人。

股息支付日期

(d)“应具有本协定第4(A)节规定的含义。红利期

“应具有本协定第4(A)节规定的含义。.

股息记录日期

“应具有本协定第4(A)节规定的含义。.

直接转矩

」是指存管信托公司。

首次重置日期.

“应具有本协定第4(A)节规定的含义。

保持器.

「是指以其名义登记Y系列优先股股份的人，公司、计算代理、转让代理、登记处和付款代理可将其视为Y系列优先股股份的绝对所有者，以付款和所有其他目的。

初级股.

“指普通股及任何其他类别或系列的Y系列优先股现已存在或以后授权的公司在公司的任何自愿或非自愿清算、解散或清盘时，在支付股息或分配资产方面的优先权或优先权。

不付款.

“应具有本协定第7(B)(I)节规定的含义。

纽约联盟储备银行的网站.

(a) “应具有本协定第4(A)节规定的含义。. 官“指首席执行官、主席、首席行政官、任何副主席、首席财务官、主计长、首席会计本公司的高级职员、财务主管、任何副财务主管、任何助理财务主管、任何副总裁、总法律顾问兼公司秘书以及任何助理秘书。

人

“是指法人，包括任何个人、公司、房地产、合伙企业、合营企业、协会、股份公司、有限责任公司、信托或者其他实体。优先股董事. “应具有本协定第7(B)(I)节规定的含义。

优先股董事终止日期.

(a) “应具有本协定第7(B)(4)节所规定的含义。书记官长

(b) 监管资本事件

只要Y系列优先股中的任何一股尚未发行。.

相关政府机构

“应具有本协定第4(A)节规定的含义。

重置日

「是指首次重置日期和上一重置日期五周年的每个日期，并且不会根据工作日调整任何重置日期，包括首次重置日期。

重置股息确定日期

「就任何重置期而言，指该重置期开始前三个工作日的一天。

复位周期

「是指从每个重置日期（包括该日期）到下一个后续重置日期（但不包括该日期）的期间，但初始重置期间除外，该期间将是从（包括）第一个重置日期（包括）到（但不包括）下一个后续重置日期的期间。

CC系列清算偏好

“应具有本协定第5(A)节规定的含义。

CC系列优先股

“应具有本协定第一节所规定的含义。CC系列优先股证书“应具有本协定第14(A)节规定的含义。转移剂「指Computer share Trust Company，N.A.，一家联邦特许的全国协会，担任CC系列优先股及其继任者和转让人的转让代理、计算代理、登记处和付款代理。

信任

“应具有第6(D)节所给出的含义。

第四节分红

率

。当董事会或其任何正式授权的委员会宣布时，持有人有权获得CC系列优先股每股的非累积现金股息，金额如下，且不超过，应于每年2月、5月、8月和11月15日(每个月、月、11月15日)支付，但只能从合法的可用资金中获得

股息支付日期

)，(I)自发出日期起至2029年8月15日(包括该日期)的季度欠款(包括该日期在内)

首次重置日期

自2024年11月15日起，(Ii)自第一个重置日期起(包括首个重置日期)，年利率相等于于最近重置股息决定日期(如下所述)的五年期国库利率加2.693%的清盘优先权每股25,000美元，季度拖欠，自2029年11月15日起生效。

CC系列优先股的股息支付记录日期将是董事会或董事会任何其他正式授权的委员会确定的记录日期，该记录日期不超过该股息支付日期的30天，也不少于该股息支付日期的10天。

股息记录日期

“)。任何属于股息记录日期的该等日期，不论该日是否为营业日，均为股息记录日期。

自第一个重置日期或之后开始的任何重置期间，五年期国库券利率将为：

(东部时间)自任何确定日期起，由计算代理全权酌情决定。

在选择替代或

根据继承率，本公司(或该关联公司)可在咨询其认为合理的任何来源后自行决定天数约定、营业日约定、营业日的定义、重置股息确定日期和任何其他

计算这种替代利率或后续利率的相关方法或定义，包括它确定的使这种替代利率或后续利率与五年期国库利率相当所需的任何调整因数，其方式应与该替代利率或后续利率的任何业界接受的做法相一致。

五年期国库券利率将在每次重置股息决定日确定。

如任何股息支付日期并非营业日，则于该日期应付的任何股息将于下一个营业日支付，且不会就任何该等延迟支付任何额外的应计股息或其他付款。

本公司(或其一间联属公司)根据上述条文可能作出的任何决定、决定或选择，包括任何有关期限、评级或调整或某事件、情况或日期的发生或不发生的决定，以及任何采取或不采取任何行动或任何选择的决定，在无明显错误的情况下将为最终决定及具约束力，将由本公司(或该等联属公司)全权酌情作出，且，即使本指定证书有任何相反规定，在未经CC系列优先股持有人或任何其他方同意的情况下，将会生效。

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任何股息率计算得出的所有百分比，如有必要，将四舍五入至1%(0.0000001)的最接近的1/100,000个百分点，向上舍入百万分之五个百分点。在计算CC系列优先股时使用或产生的所有货币金额将舍入到最接近单位的百分之一。为了四舍五入，单位的.005应向上舍入。

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非累积股息

。如果董事会或其任何正式授权的委员会没有在相关股息支付日期之前的任何股息期间宣布CC系列优先股的股息，该股息将不会产生，本公司将没有义务在相关股息支付日期或未来任何时间支付该股息期间的股息，而持有人也无权收取股息，无论是否宣布了CC系列优先股或任何其他系列优先股或普通股的股息。本文中提及的股息“应计”仅指确定股息的数额，并不意味著在宣布股息之日之前产生任何股息权利。

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派息的优先次序

。只要CC系列优先股的任何股份仍未发行，除非在股息支付日期CC系列优先股的所有已发行股票的股息已全部宣布和支付，并已为当时结束的股息期预留足够支付该等股息的款项，否则本公司不会，也将导致其子公司不会在下一个后续股息期内，

宣布或支付任何初级股票的股息，进行与之相关的任何分配，或赎回、购买、收购或支付与之相关的清算付款，或就此支付任何担保，但以下情况除外：

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(2)根据具有合同约束力的要求购买在当时的股息期开始之前存在的普通股，包括根据具有合同约束力的股票回购计划购买普通股；

(Iii)将任何类别或系列的初级股票交换或转换为任何其他类别或系列的初级股票；

(4)依据初级股票的转换或交换条款或正在转换或交换的证券购买该等股票的零碎权益；

(V)公司的一家投资银行附属公司购买与分销有关的初级股票；或

(Vi)本公司任何投资银行附属公司在其日常业务过程中，就与做市或其他二级市场活动有关的事宜而购买初级股票。

本第4(C)节前述规定的限制不适用于公司支付的任何初级股票股息，如果股息的形式与支付股息的股票形式相同(或购买相同股票的权利)。

除以下规定外，只要CC系列优先股的任何股份仍未发行，如果CC系列优先股和公司现有或以后授权的任何类别或系列股票在支付股息方面与CC系列优先股平等，则不宣布和全额支付股息，对CC系列优先股和其他股票宣布的所有股息将按比例宣布，因此每股宣布的股息额将与CC系列优先股当时的当前股息期每股应计股息和该其他股票(包括任何此类承担累计股息的其他股票的情况下，所有应计和未支付股息)的应计股息之间的比率相同。

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第五节清算权

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清算。如果发生任何自愿或非自愿的清算、解散或结束公司的事务，持有人应有权从合法可用资金中

3. “)，加上自上次股息支付日期起至(但不包括)已宣布但尚未支付的范围内的清盘、解散或清盘日期的任何应计股息。在公司事务发生任何此类自愿或非自愿清算、解散或清盘的情况下，持有者无权获得除本第5条明确规定外的任何进一步付款。部分付款。如本公司的资产不足以全数支付上述向持有人支付的清算分派，以及在本公司任何自愿或非自愿清盘、解散或清盘时向与CC系列优先股同等级别的本公司任何类别或系列股票的持有人支付的任何清算分配，则支付给持有人及所有该等同等级别股票持有人的金额应按彼等原本有权获得的清盘分派总额按比例支付。合并、合并和出售资产，而不是清算。就本第5条而言，出售、转易、交换或转让(以现金、股票、证券或其他代价换取)本公司全部或几乎所有财产及资产，不得视为自愿或非自愿解散、清盘或清盘本公司事务，亦不得视为本公司与任何其他法团或人士合并、合并或任何其他业务合并交易，或任何其他法团或人士与本公司合并、合并或任何其他业务合并交易，亦不得视为自愿或非自愿解散、清盘或清盘本公司事务。

第6款. 赎回.

可选的赎回

。本公司可根据董事会或其任何正式授权委员会的选择，从合法可供赎回的资金中赎回(I)在首次重置日期或之后开始的任何股息支付日期，在任何时间或不时全部或部分赎回CC系列优先股，或(Ii)在监管资本事件后90天内的任何时间全部但不部分赎回CC系列优先股，每次赎回价格相当于每股25,000美元加上任何已申报和未支付的股息，不累积任何未申报股息，但不包括赎回日，根据下文第6(B)节的规定发出通知。.

赎回通知

。每次赎回CC系列优先股股份的通知应以预付邮资的第一类邮件邮寄给该等股份的持有人，并按其在本公司股票登记册上的最后地址进行赎回。邮寄日期至少应在指定的赎回日期前5天至30天。按第6(B)节规定邮寄的任何通知应被最终推定为已妥为发出，无论持有人是否收到该通知，但未能以邮寄方式向指定赎回的CC系列优先股股份持有人发出该通知，或该通知或其邮寄中的任何缺陷，并不影响该通知的有效性赎回CC系列优先股的任何其他股份的程式。每份通知应说明：

“(I)赎回日期；(2)要赎回的CC系列优先股的股份总数，如果要赎回的股份少于持有人的全部股份，则要赎回的股份数量；

“(Iii)赎回价格；(Iv)该等股份的股票将于何处交出以支付赎回价格(如适用的话)；及

“(V)拟赎回股份的股息将于赎回日期停止累算。尽管如上所述，如果证明CC系列优先股股份的证书由托管机构登记持有，而任何相关的托管股份由托管机构或其代名人登记持有，本公司可以托管机构允许的任何方式发出通知。

“部分赎回。如于已发行时只赎回CC系列优先股的部分股份，则将予赎回的CC系列优先股的股份应(I)按该等持有人所持CC系列优先股的股份数目按比例向持有人选择，(Ii)以抽签方式或(Iii)董事会或其任何正式授权委员会全权酌情决定为公平及公平的其他方式选择。在符合本第6条规定的情况下，董事会或董事会任何正式授权的委员会有完全的权力和权力规定CC系列优先股股票应不时赎回的条款和条件。

“赎回的有效性。如赎回通知已妥为发出，且如在通知所指明的赎回日期当日或之前，本公司已将赎回所需的所有资金，除其其他资产外，按比例拨出，供赎回股份持有人按比例使用，以便可继续用作赎回，或由本公司存入董事会或其任何正式授权委员会选定的银行或信托公司(“

“信任“)为被要求赎回的股份持有人按比例受益，则即使任何被要求赎回的股份的任何股票尚未交回注销，但在赎回日期当日及之后，所有被要求赎回的股份将停止发行，与该等股份有关的所有股息将于该赎回日期停止应计，而有关该等股份的所有权利将于该赎回日期立即终止及终止，惟其持有人于赎回日期后任何时间从如此存放的资金中收取赎回应付款项的权利除外。本公司有权不时从信托收取该等基金的任何应计利息，而任何被要求赎回的股份的持有人无权要求任何该等权益。任何如此存放而在赎回后三年内无人认领的款项

“应在法律允许的范围内将赎回日期免除或偿还给本公司，如向本公司偿还该等款项，则被要求赎回的股份持有人应被视为本公司的无抵押债权人，金额相当于上述为赎回该等股份而缴存并已偿还予本公司的款项，但在任何情况下均无权获得任何利息。第七节投票权

“一般除下文第7(B)节规定或特拉华州公司法要求外，持股人无权对任何事项进行表决。

“特别投票权投票权

“。不付款

““)，组成董事会的法定董事人数应增加两人，而股东连同股息平价股持有人有权在不包括普通股持有人的情况下，以单一类别分开投票，而不分类别或系列(投票权按比例分配)，以填补该等新设立的董事职位(以及填补该等董事职位的任何空缺)。但当选任何该等董事的资格须为当选该董事不得导致本公司违反纽约证券交易所(或本公司证券可在其上市的其他交易所)的企业管治规定，即上市公司必须有过半数独立董事，并进一步规定董事会在任何时候不得包括超过两名该等董事。由股利持有者和股息平价股票持有者共同选出的每一个这样的董事都是优先股董事

选举

“。优先股董事的选举将在任何年度股东大会或任何股东特别会议上进行，以及任何股息平价股票的选举，按本文规定召开。在根据上文第7(B)(I)条赋予特别投票权后的任何时间，公司秘书可在CC系列优先股至少20%的投票权持有人或当时已发行的任何系列股息平价股票至少20%的投票权的持有人(该等投票权是根据选举优先股董事的投票权衡量)的书面要求下(向公司主要办事处的秘书提出)，必须(除非在本公司下届股东周年大会或特别大会日期前90天内收到有关要求，在此情况下，有关选择须在该下届股东周年大会或特别大会上举行)，须为选举优先股董事而召开CC系列优先股及任何股息平价股的股东特别大会。优先股董事每人有权就任何事项按董事投一票。特别会议通知

。选举优先股董事的特别会议的通知将以与公司章程中关于股东特别会议的规定类似的方式发出。如果公司秘书在收到任何此类请求后20天内没有召开特别会议，则任何持有人可(费用由公司承担)在收到第7(B)(Iii)条规定的通知后召开该会议，并为此将有权访问公司的股票登记册。在任何该等特别会议上选出的优先股董事及在其后举行的股东周年大会或特别大会上选出的每股优先股董事，其任期将于优先股董事获选后的下一次股东周年大会及优先股董事终止日期(以较早者为准)届满。倘若优先股董事的职位出现任何空缺(首次选举优先股董事前除外)，该空缺可由在任的优先股董事填补，或如无在任的优先股董事，则由CC系列优先股及任何股息平价股的持有人以多数票选出，作为一个类别一起投票，而如此委任或选出填补该空缺的优先股董事的任期将于下一届股东周年大会届满。除依照本第7条规定外，公司股东不得担任任何董事职务。

终止；移走

“每当本公司在CC系列优先股和任何有权获得非累积股息的股息平价股票未支付股息后，至少连续两个半年度或连续四个季度股息期间全额支付非累积股息，并已就任何有权获得累积股息的股息平价股票全额支付累计股息，则持有人选举优先股董事的权利将停止(但始终受关于未来股息期间任何类似不支付股息的特别投票权归属的相同规定的规限)(在停止时，“优先股董事终止日期

““)。高级发行；不利变化

“。只要CC系列优先股的任何股份是流通股，但在符合本第7(C)节最后一段的规定下，除特拉华州法律要求的公司股本持有人的任何其他投票或同意外，CC系列优先股至少三分之二投票权的持有人和有权就此投票的任何其他优先股的持有人投票或同意，作为单一类别一起投票，亲自或由代表在年度或特别股东会议上投票，或在没有开会的情况下以书面形式投票，将是实施或验证以下任何行动所必需的，无论特拉华州法律是否要求此类批准：

“(I)对公司公司注册证书(包括设立CC系列优先股的指定证书)或公司章程的任何条款的任何修订、更改或废除，以改变或改变CC系列优先股的投票权、优先股、经济权利或特别权利，从而对其产生不利影响；

“(Iii)完成涉及CC系列优先股的有约束力的股票交换或重新分类，或公司与另一实体的合并或合并，但CC系列优先股的持有人将根据本规定或根据特拉华州法律在以下情况下无权投票：(I)CC系列优先股仍未发行，或在任何此类合并或合并的情况下，公司不是尚存或产生的实体，被转换或交换为尚存或产生的实体或其最终母公司的优先证券，该实体是根据美利坚合众国法律组织和存在的实体，视情况而定，拥有对持有人的权利、优先权、特权和投票权整体而言不比CC系列优先股的整体权利、优先权、特权和投票权低的权利、优先权、特权和投票权；但前提

“为免生疑问，在支付股息(不论股息是否累积或非累积)及/或本公司清算、解散或清盘时的资产分配方面，任何有关CC系列优先股或可转换为优先股的其他系列优先股或任何可转换为优先股的证券的设立及发行，或任何可转换为与CC系列优先股同等和/或低于CC系列优先股的证券的授权或发行金额的增加，将不会被视为对CC系列优先股的投票权、优先权或特别权利产生不利影响。任何股东都无权因本第7条的规定而对此类增发、创设或发行进行投票。如果本第7(C)条规定的任何修订、变更、废除、换股、重新分类、合并或合并将对一个或多个但不是所有系列产生不利影响

“如果本公司的优先股的任何类别，则只有受该事项不利影响并有权就该事项投票的优先股系列，才可就该事项与CC系列优先股作为一个单一类别(代替所有其他系列优先股)一起就该事项投票，以达到本条第7(C)条所规定的投票或同意的目的。如果赎回，则投反对票

“。根据第7(B)或7(C)条，倘于有关表决或同意的行为生效时或之前，本公司应已赎回或已要求赎回CC系列优先股的所有已发行股份，并已发出适当通知及已就该等赎回预留足够资金，则根据第7(B)或7(C)条，本公司将不需要持有人投票或同意。第8节.优先购买权和转换权

“持有者不应因本协定条款而享有任何优先购买权或转换权。第9节.职级

“为免生疑问，董事会或其任何正式授权委员会可不经持有人投票而授权及发行额外的初级股票或本公司现有或以后获授权的任何类别或系列股票的股份，而该等股份在支付股息或在本公司任何自愿或非自愿清盘、解散或清盘时与CC系列优先股同等。第10节.重新获得的股份

董事会应采取必要行动，使本公司已赎回或以其他方式购买或收购的CC系列优先股的股份注销，并恢复为未指定系列的授权但未发行的优先股的状态。

“第11小节. 无偿债基金

“第12条转账代理人、计算代理人、登记官及付款代理人CC系列优先股的正式指定转让代理人、计算代理人、注册人和支付代理人应为ComputerShare Trust Company，N.A.公司可根据公司与转让代理人之间的协定，全权酌情解除转让代理人和/或计算代理人的职务；

“前提是，然而

“，公司应指定一名继任者转让代理人和/或计算代理人，该代理人应在该项免职生效前接受该项委任。在任何该等免任或委任后，本公司应以预付邮资的头等邮递方式向持有人发出有关通知。

系列CC优先股股票.

(a) 系列CC优先股证书

“)。附件A特此并入并明确成为本指定证书的一部分。CC系列优先股证书可能有法律、证券交易所规则、公司遵守的协定(如果有)或惯例所要求的符号、图例或背书(前提是任何此类符号、图例或背书采用公司可接受的形式)。签名如果在CC系列优先股证书上签字的官员在转让代理会签CC系列优先股证书时不再担任该职位，则该CC系列优先股证书仍然有效。在转让代理的授权签字人手动加签CC系列优先股证书之前，CC系列优先股证书无效。每张CC系列优先股证书的日期应为其会签日期。转让税。该等税项已缴付或无须缴付。扣缴。对CC系列优先股股票的所有支付和分配(或被视为分配)应在法律要求的范围内预扣和备用预扣税款，但须遵守适用的豁免，如果有预扣金额，应视为已由持有人收到。第16条.通告本合同提及的所有通知应以书面形式发出，除非本合同另有规定，否则本合同项下的所有通知应视为在收到通知的较早日期或以挂号信或挂号信邮寄后三个工作日发出(除非根据本指定证书的条款，此类通知特别允许以第一类邮件发出)，并预付邮资：(I)如寄往本公司，则寄往其位于纽约纽约格林威治街388号的办公室(注意：公司秘书)或寄往马萨诸塞州02021罗亚尔街150Royall Street的办公室，或(Ii)如发给任何持有人，则寄往本公司股票记录簿所载该持有人的地址(可能包括转让代理的记录)或(Iii)本公司或任何该等持有人(视情况而定)以类似方式发出的通知所指定的其他地址。第17条放弃的其他权利。CC系列优先股股份并无投票权、优先权或相对、参与、选择或其他特别权利，或其资格、限制或限制，但本文件或本公司注册证书所载者除外。兹证明，本指定证书已于2024年5月28日由本公司的助理司库代表本公司签署。

(b) 花旗集团。作者：

职务：助理财务主管

表现出

7.125%固定利率重置非累积优先股表格，CC系列

证书编号_CC系列优先股股数_

CUSIP编号：

花旗集团

7.125%固定利率重置非累积优先股，CC系列

(每股面值1.00美元)(清算优先权每股25,000美元)

CC系列优先股的股份可于交回本证书后，亲自或由正式授权的受权人在注册处的簿册及记录上转让，并以适当的转让形式予以转让。此处使用但未定义的大写术语应具有《指定证书》中赋予它们的含义。公司将在其主要营业地点向公司提出书面要求时，免费向持有人提供指定证书的副本。

兹参考本文背面所列CC系列优先股的精选条款和指定证书，其中精选条款和指定证书在所有目的中应具有与此地所述相同的效力。

持证人一经收到本证书，即受指定证书的约束，并有权享有该证书所规定的利益。.

(a) 除非注册处已适当会签，否则该等CC系列优先股无权享有指定证书下的任何利益，或就任何目的而言属有效或强制性的。本证书由公司代表公司签署，特此为证[标题]并通过它的

(b) [标题]_年_月_日。

作者：_姓名：职务：.

(a) 司法常务官会签这些是上述指定证书中提及的CC系列优先股的股份。

(b) 日期： ComputerShare Trust Company，N.A.为注册处处长

作者：_姓名：职务：

证书的反转

每股CC系列优先股的股息应按照指定证书中规定的费率支付。

CC系列优先股的股份可由公司选择按照指定证书中规定的方式和条款赎回。

作业

对于收到的价值，以下签署人将特此证明的CC系列优先股股份转让并转让给：

(d) 代理人可以由他人代为代理。日期：

签名：(与您的名字在本证书的另一面完全相同)签名保证：___________________________________________________

(签字必须由符合条件的“担保机构”担保，该机构是银行、股票经纪人、储蓄和贷款协会或信用合作社，符合转让代理人的要求，该要求包括加入或参与证券转让代理人徽章计划(“印章”)或转让代理人可能决定的其他“签字担保计划”，以补充或代替印花，所有这些都符合1934年修订的证券交易法。).

(a) 退休证书. 优先股的比例

(b) 花旗集团的名字。.

(i) (根据《总则》第243条《中华人民共和国公司法》德拉瓦花旗集团，根据《中华人民共和国公司法》正式成立并存续的公司德拉瓦.”

(ii) ，证明如下：第一：花旗集团经修订的重新注册证书(“注册证书”)授权发行50,000股D系列5.350%固定/浮动利率非累积优先股(“D系列优先股”)，每股面值1.00美元，每股声明价值25,000美元。

(iii) 第二：花旗集团已经注销了D系列优先股的所有授权股份。第三：根据特拉华州公司法第243条的规定，被指定为优先股D系列的股份现恢复花旗集团优先股的授权但未发行股份的状态。

(iv) 特此作证，花旗集团。. 花旗集团

通过：/S/艾丽莎·斯坦伯格_艾丽莎·斯坦伯格

的

7.000%固定利率重置非累积优先股系列DD

的

花旗集团

根据《联合国宪章》第151条德拉瓦州一般公司法

花旗集团。

(d)，特拉华州一家公司(“本公司”)特此证明：1.《公司重新注册证书》(《公司注册证书》)规定，公司有权发行60亿股普通股(每股面值0.01美元)和3000万股(30,000,000股)优先股，每股面值1.00美元。

3.根据赋予优先股委员会的权力(“

优先股委员会.

DD系列优先股.

第1节.指定.

优先股系列的名称应为“7.000固定利率重置非累积优先股，系列DD”。每一股DD系列优先股在各方面应与DD系列优先股的其他每一股相同。

第二节股份数量.

DD系列优先股的授权股数为60,000股。本公司有权发行DD系列优先股的零碎股份。第3节.定义。如本文针对DD系列优先股所使用的：

适当的联盟银行机构.

指1950年修订的《联盟存款保险法》第3(Q)节或任何后续条款中定义的与公司有关的“适当的联盟银行机构”。

董事会.

(a) “具有上述演奏会中所阐述的含义。. 工作日“指不是纽约市国定假日，也不是法律或法规授权或要求纽约市银行机构关闭的任何工作日。计算代理

. 普通股

“指每股面值为0.01美元的公司普通股，或该等普通股应重新分类或变更为公司股本的任何其他股份。.

(a) 保存人“指DTC或其代名人或本公司委任的任何继任托管人。

(b) 股息支付日期“应具有本协定第4(A)节规定的含义。

红利期.

“应具有本协定第4(A)节规定的含义。

股息记录日期

“应具有本协定第4(A)节规定的含义。

直接转矩

」是指存管信托公司。首次重置日期“应具有本协定第4(A)节规定的含义。

保持器

「指DD系列优先股股份以其名义登记的人，公司、计算代理、转让代理、登记处和付款代理可将其视为DD系列优先股股份的绝对所有者，以支付付款和所有其他目的。初级股____________________

“指普通股及任何其他类别或系列的

DD系列优先股现已存在或以后授权的公司

在公司的任何自愿或非自愿清算、解散或清盘时，在支付股息或分配资产方面的优先权或优先权。

不付款

“应具有本协定第7(B)(I)节规定的含义。

纽约联盟储备银行的网站

“应具有本协定第4(A)节规定的含义。

官

人

“是指法人，包括任何个人、公司、房地产、合伙企业、合营企业、协会、股份公司、有限责任公司、信托或者其他实体。

优先股董事

“应具有本协定第7(B)(I)节规定的含义。

优先股董事终止日期

“应具有本协定第7(B)(4)节所规定的含义。

书记官长“指以DD系列优先股登记人的身分行事的转让代理及其继承人和受让人。监管资本事件只要DD系列优先股的任何股份是流通股。相关政府机构

“应具有本协定第4(A)节规定的含义。

重置日期

“指第一个重置日期和每个日期落在前一个重置日期的五周年，而任何重置日期，包括第一个重置日期，将不会因营业日而调整。

重置股利确定日期

“就任何重置期间而言，指该重置期间开始前三个营业日的日期。

重置周期

系列DD清算优先权

“应具有本协定第5(A)节规定的含义。

DD系列优先股

“应具有本协定第一节所规定的含义。

DD系列优先股证书

“应具有本协定第14(A)节规定的含义。

转移剂

信任

“应具有第6(D)节所给出的含义。

第四节分红

率

。当董事会或其任何正式授权的委员会宣布时，持有人有权获得DD系列优先股每股的非累积现金股息，金额如下，且不超过，应于每年2月、5月、8月和11月15日(每个月、月、11月15日)支付，但只能从合法的可用资金中获得

___________________________________________________

股息支付日期

___________________________________________________

)，(I)自发出日期起至2034年8月15日(包括该日期)的季度欠款(包括该日期在内)

首次重置日期

___________________________________________________

自2024年11月15日起，(Ii)自第一个重置日期起(包括首个重置日期)，年利率相等于于最近重置股息决定日期(如下所述)的十年期国库利率加上2.757%的清盘优先股每股25,000美元的季度欠款，自2034年11月15日起生效。

DD系列优先股的股息支付记录日期将是董事会或董事会任何其他正式授权的委员会确定的记录日期，该记录日期不超过该股息支付日期的30天，也不少于该股息支付日期的10天。

股息记录日期

___________________________________________________

“)。任何属于股息记录日期的该等日期，不论该日是否为营业日，均为股息记录日期。

自第一个重置日期或之后开始的任何重置期间，十年期国库券利率将为：

·在最近发布的指定为H.15每日更新的统计新闻稿或任何由联盟储备委员会(Federal Reserve Board)截至下午5点发布的后续出版物中，交易活跃的美国国债的收益率调整为固定到期日的十年期国债在五个工作日内的平均收益率，显示在“财政部固定到期日”的标题下。(东部时间)自任何确定日期起，由计算代理全权酌情决定。

·如果没有提供如上所述的计算，则公司(或该关联公司)将使用其在咨询其认为合理的任何来源后自行决定的替代利率或后续利率，该替代利率或后续利率是(I)行业认可的十年期国债利率的替代利率或继任者，或(Ii)如果十年期国债利率没有行业接受的替代利率或继任者，则为与十年期国债利率最接近的替代利率或后续利率。在选择替代或

如本公司(或有关联营公司)在咨询其认为合理的任何消息来源后，可自行厘定有关替代利率或后续利率的计算方法或定义，包括为使该替代利率或后续利率与十年期国库利率相若所需的任何调整因素，而厘定的方式须与该替代利率或后续利率的任何业界认可的做法一致。

就任何股息期而言，DD系列优先股的任何股息将按360天年度及12个30天月计算，而“股息期”指自每个股息支付日期起至下一个股息支付日期(但不包括在内)的期间，但不包括初始股息期，即DD系列优先股发行日期起至(但不包括)首个股息支付日期的期间。如任何股息支付日期并非营业日，则于该日期应付的任何股息将于下一个营业日支付，且不会就任何该等延迟支付任何额外的应计股息或其他付款。

本公司(或其一间联属公司)根据上述条文可能作出的任何决定、决定或选择，包括有关期限、评级或调整或事件、情况或日期的发生或不发生的任何决定，以及采取或不采取任何行动或任何选择的任何决定，在无明显错误的情况下将为最终决定及具约束力，将由本公司(或该等联属公司)全权酌情作出，且即使本指定证书有任何相反规定，在未经DD系列优先股持有人或任何其他方同意的情况下，仍应生效。

______________________________

任何股息率计算得出的所有百分比，如有必要，将四舍五入至1%(0.0000001)的最接近的1/100,000个百分点，向上舍入百万分之五个百分点。在DD系列优先股计算中使用或计算得出的所有货币金额将舍入到最接近单位的百分之一。为了四舍五入，单位的.005应向上舍入。

非累积股息

______________________________

。如果董事会或董事会任何正式授权的委员会在相关股息支付日期之前的任何股息期间没有宣布DD系列优先股的股息，该股息将不会产生，本公司将没有义务在相关股息支付日期或未来任何时间支付该股息期间的股息，而持有人也无权收取该股息期间的股息，无论是否宣布了DD系列优先股或任何其他系列优先股或普通股的股息。本文中提及的股息“应计”仅指确定股息的数额，并不意味著在宣布股息之日之前产生任何股息权利。派息的优先次序

1. 。只要DD系列优先股的任何股份仍未发行，除非在股息支付日期，DD系列优先股的所有已发行股票的全部股息已经宣布和支付，并且已为当时结束的股息期间预留了足够支付该等股息的金额，否则本公司不会，也不会促使其子公司在下一个股息期间宣布或支付任何股息，或作出任何与任何初级股票有关的分派，或赎回、购买、收购或支付与之相关的任何清算付款，或就此作出任何担保支付，但以下情况除外：

2. (I)因与雇员、高级人员、董事或顾问订立的任何雇佣合约、福利计划或其他类似安排或为该等雇员、高级人员、董事或顾问的利益而购买、赎回或以其他方式取得初级股票的股份；

3. (2)根据具有合同约束力的要求购买在当时的股息期开始之前存在的普通股，包括根据具有合同约束力的股票回购计划购买普通股；(Iii)将任何类别或系列的初级股票交换或转换为任何其他类别或系列的初级股票；(V)公司的一家投资银行附属公司购买与分销有关的初级股票；或(Vi)本公司任何投资银行附属公司在其日常业务过程中，就与做市或其他二级市场活动有关的事宜而购买初级股票。

本第4(C)节前述规定的限制不适用于公司支付的任何初级股票股息，如果股息的形式与支付股息的股票形式相同(或购买相同股票的权利)。.

除以下规定外，只要DD系列优先股的任何股份仍未偿还，如果DD系列优先股和本公司现有或以后授权的任何类别或系列股票在支付股息方面与DD系列优先股平等，则不宣布和全额支付股息，就DD系列优先股及该等其他股票所宣派的所有股息将按比例申报，因此，宣布每股股息的数额将与DD系列优先股当时的每股股息期间的应计股息与该等其他股票(包括任何该等承担累积股息的其他股票，则包括所有应计及未支付股息)当时的每股应计股息之间的比率相同。

第五节清算权

清算。如本公司发生任何自动或非自愿的清算、解散或结束本公司的事务，持有人应有权在本公司作出任何分派或付款或为任何初级股持有人预留任何分派或付款前，从合法可供动用的资金中，在任何类别或系列股票的持有人于清盘时享有优先于DD系列优先股或与DD系列优先股平价的权利，以及本公司的存款人及其他债权人的权利下，获得全额的清算分派

“每股25,000美元的清盘优先股金额(“系列DD清算优先权

““)，加上自上次股息支付日期起至(但不包括)已宣布但尚未支付的范围内的清盘、解散或清盘日期的任何应计股息。在公司事务发生任何此类自愿或非自愿清算、解散或清盘的情况下，持有者无权获得除本第5条明确规定外的任何进一步付款。部分付款

“。合并、合并和出售资产，而不是清算

“。就本第5条而言，出售、转易、交换或转让(以现金、股票、证券或其他代价换取)本公司全部或几乎所有财产及资产，不得视为自愿或非自愿解散、清盘或清盘本公司事务，亦不得视为本公司与任何其他法团或人士合并、合并或任何其他业务合并交易，或任何其他法团或人士与本公司合并、合并或任何其他业务合并交易，亦不得视为自愿或非自愿解散、清盘或清盘本公司事务。第6款. 赎回

“可选的赎回。本公司经董事会或其任何正式授权委员会选择，可于(I)于首次重置日期或之后开始的任何股息支付日期，于任何时间或不时从已发行的DD系列优先股全部或部分赎回，或(Ii)于监管资本事件发生后90天内的任何时间，以相当于每股25,000美元的赎回价格加上任何已申报及未支付的股息赎回全部或部分DD系列优先股，而不累积任何未申报股息，根据下文第6(B)节的规定发出通知。

“赎回通知。每一次赎回DD系列优先股股份的通知应以预付邮资的头等邮递方式邮寄给该等股份的持有人，并按其在本公司股票登记册上的最后地址进行赎回。按本第6(B)条规定邮寄的任何通知应被最终推定为已正式发出，无论持有人是否收到该通知，但未能以邮寄方式向指定赎回DD系列优先股股份的任何持有人发出该通知，或该通知中或邮寄中的任何瑕疵，并不影响赎回任何其他DD系列优先股股份的程式的有效性。每份通知应说明：

“(I)赎回日期；(Ii)将赎回的DD系列优先股的股份总数，如要赎回的股份少于持有人的全部股份，则须赎回的股份数目；

“(Iii)赎回价格；(Iv)该等股份的股票将于何处交出以支付赎回价格(如适用的话)；及

“(V)拟赎回股份的股息将于赎回日期停止累算。尽管如上所述，如果证明DD系列优先股股份的证书由托管机构登记持有，而任何相关的托管股份由托管机构或其代名人登记持有，本公司可以托管机构允许的任何方式发出通知。

“部分赎回。如于已发行时只赎回部分DD系列优先股，则将予赎回的DD系列优先股股份将由(I)按该等持有人所持有的DD系列优先股股份数目按比例向持有人选择，(Ii)以整批方式或(Iii)董事会或其任何正式授权委员会全权酌情决定为公平及公平的其他方式。

信任

““)为被要求赎回的股份持有人按比例受益，则即使任何被要求赎回的股份的任何股票尚未交回注销，但在赎回日期当日及之后，所有被要求赎回的股份将停止发行，与该等股份有关的所有股息将于该赎回日期停止应计，而有关该等股份的所有权利将于该赎回日期立即终止及终止，惟其持有人于赎回日期后任何时间从如此存放的资金中收取赎回应付款项的权利除外。本公司有权不时从信托收取该等基金的任何应计利息，而任何被要求赎回的股份的持有人无权要求任何该等权益。在赎回日期起计三年届满时，任何如此存放而又无人认领的资金，须在法律许可的范围内发放或偿还予本公司，如已向本公司偿还，则被要求赎回的股份持有人应被视为本公司的无抵押债权人，其金额相当于按上文所述缴存以赎回该等股份，并已偿还予本公司，但在任何情况下均无权享有任何利息。

第七节投票权

一般

“除下文第7(B)节规定或特拉华州公司法要求外，持股人无权对任何事项进行表决。特别投票权

“投票权。如果及每当DD系列优先股或任何其他类别或系列的优先股在股息支付方面与DD系列优先股平价，而该等优先股的投票权与本条第7(B)(I)条授予并可行使的投票权(此处称为“股息平价股”)并未宣布及支付总额相等于至少三个半年度或六个季度股息期(视何者适用而定)(a“

“优先股董事选举

“。优先股董事的选举将在任何年度股东大会或任何股东特别会议上进行，以及任何股息平价股票的选举，按本文规定召开。在根据上文第7(B)(I)条赋予特别投票权后的任何时间，公司秘书可在DD系列优先股至少20%的投票权持有人或当时已发行的任何系列股息平价股票至少20%的投票权的持有人(该等投票权是根据选举优先股董事的投票权衡量)的书面要求下(向公司主要办事处的秘书提出)，必须(除非于本公司下届股东周年大会或特别大会指定日期前90天内收到有关要求，在此情况下，有关选择须在该下一届股东周年大会或特别大会上举行)，就选举优先股董事而言，须召开DD系列优先股及任何股息平价股的股东特别大会。优先股董事每人有权就任何事项按董事投一票。特别会议通知

“。选举优先股董事的特别会议的通知将以与公司章程中关于股东特别会议的规定类似的方式发出。如果公司秘书没有召唤一个特别的在收到任何该等要求后20天内，任何持有人均可(费用由本公司承担)在收到本条第7(B)(Iii)条所规定的通知后召开该会议，并为此可查阅本公司的股票登记册。在任何该等特别会议上选出的优先股董事及在其后举行的股东周年大会或特别大会上选出的每股优先股董事，其任期将于优先股董事获选后的下一次股东周年大会及优先股董事终止日期(以较早者为准)届满。倘若优先股董事的职位出现任何空缺(首次选举优先股董事前除外)，该空缺可由在任的优先股董事填补，或如无在任的优先股董事，则由DD系列优先股及任何股息平价股的持有人以多数票选出，作为一个类别一起投票，而如此委任或选出填补该空缺的优先股董事的任期将于下一届股东周年大会届满。优先股董事只能由DD系列优先股和股息平价股的持有人根据本第7条选出。如果DD系列优先股和股息平价股的持有人未能选举足够数量的董事来填补根据本第7条他们有权选举董事的所有董事职位，则任何未如此填补的董事职位将保持空缺，直到DD系列优先股和股息平价股的持有人根据本第7条推选一人填补该董事职位，或该空缺按照本第7条以其他方式填补；除依照本第7条规定外，公司股东不得担任任何董事职务。

“终止；移走当本公司在DD系列优先股和任何有权获得非累积股息的股息平价股票未支付股息后，至少连续两个半年度或连续四个季度股息期间全额支付非累积股息，并已就任何有权获得累积股息的股息平价股票全额支付累计股息，则持有人选举优先股董事的权利将停止(但始终受关于未来股息期间任何类似不支付股息的特别投票权归属的相同规定的规限)(在停止时，“

“优先股董事终止日期“)。

“高级发行；不利变化。只要DD系列优先股的任何股份仍未发行，但在符合本第7(C)条最后一段的规定下，除特拉华州法律规定的公司股本持有人的任何其他投票或同意外，DD系列优先股至少三分之二投票权的持有人和有权就此投票的任何其他优先股持有人的投票或同意，以及作为一个单一类别一起投票的任何其他优先股持有人，亲自或委托代表在公司的年度或特别会议上投票。

“股东，或在没有开会的情况下以书面形式提交，将是实施或验证以下任何行动所必需的，无论特拉华州法律是否需要此类批准：

(Ii)对本公司的公司注册证书作出任何修订或更改，以授权或设立或增加本公司在DD系列优先股之前的任何类别或系列的本公司股本中的任何股份或任何可转换为股份的证券的核准金额，以支付股息或在本公司的任何清盘、解散或清盘时分配资产；或

“(Iii)完成涉及DD系列优先股的有约束力的股票交换或重新分类，或公司与另一实体的合并或合并，但在以下情况下，DD系列优先股的持有人根据本规定或根据特拉华州法律将没有投票权：(I)DD系列优先股仍未发行，或在任何此类合并或合并的情况下，公司不是尚存或产生的实体，被转换或交换为尚存或产生的实体或其最终母公司的优先证券，而该实体是根据美利坚合众国法律组织和存在的实体，任何州或哥伦比亚特区且为美国联盟所得税目的的公司(或如果该实体不是公司，则本公司已收到在该等事项方面经验丰富的全国公认律师的意见，大意是，在该等合并或合并后，持有者将就该等新的优先证券以相同的金额同时及以与在该等合并或合并前的DD系列优先股下的相同方式缴税)，及(Ii)该等DD系列优先股仍未发行或该等优先证券，但前提

“为免生疑问，在本公司清盘、解散或清盘时，就股息的支付(不论该等股息是否累积或非累积)及/或资产分配而言，任何增加认可或发行的DD系列优先股或任何可转换为优先股的证券的金额，或设立及发行其他系列的优先股或任何可转换为与DD系列优先股同等及/或低于DD系列优先股的证券的授权或发行金额，将不会被视为对DD系列优先股的投票权、优先权或特别权利产生不利影响。任何股东都无权因本第7条的规定而对此类增发、创设或发行进行投票。如果本第7(C)条规定的任何修订、变更、废除、换股、重新分类、合并或合并将对本公司的一个或多个但不是所有优先股系列产生不利影响，则只有受到不利影响并有权就此事投票的优先股系列才应与DD系列一起投票

“作为单一类别的优先股(代替所有其他系列优先股)，用于第7(C)条所要求的表决或同意。如果赎回，则投反对票

“。根据第7(B)或7(C)条，倘于有关表决或同意的行为生效时或之前，本公司应已赎回或已要求赎回DD系列优先股的所有已发行股份，并已发出适当通知及已就该等赎回预留足够资金，则根据第7(B)或7(C)条，本公司将不需要持有人投票或同意。第8节.优先购买权和转换权

“持有者不应因本协定条款而享有任何优先购买权或转换权。第9节.职级

为免生疑问，董事会或其任何正式授权委员会可不经持有人投票而授权及发行额外的初级股票或本公司现有或以后获授权的任何类别或系列股票的股份，而该等股份在支付股息或在本公司任何自愿或非自愿清盘、解散或清盘方面与DD系列优先股同等。.

(a) 第10节.重新获得的股份董事会应采取必要行动，使本公司已赎回或以其他方式购买或收购的DD系列优先股的股份注销，并恢复为未指定系列的授权但未发行的优先股的状态。

第11小节. 无偿债基金DD系列优先股的股票不受偿债基金运作的约束。第12条转账代理人、计算代理人、登记官及付款代理人DD系列优先股的正式指定转让代理人、计算代理人、注册人和支付代理人应为ComputerShare Trust Company，N.A.。公司可根据公司与转让代理人之间的协定，全权酌情解除转让代理人和/或计算代理人的职务；但前提，公司应指定一名继任者转让代理人和/或计算代理人，该代理人应在该项免职生效前接受该项委任。在任何这种情况下如被免职或获委任，本公司应以预付邮资的头等邮递方式向持有人发出有关通知。第13节残损、销毁、被盗和遗失证书的补发证书如果签发了实物证书，公司应在将证书交还给转让代理时更换任何损坏的证书，费用由持有人承担。在向公司和转让代理交付证明证书已被销毁、被盗或丢失的令人满意的证据以及转让代理和公司可能要求的任何赔偿时，公司应更换被销毁、被盗或丢失的证书，费用由持有者承担。第14条.表格DD系列优先股股票DD系列优先股证书

(b) “)。附件A特此并入并明确成为本指定证书的一部分。DD系列优先股证书可能有法律、证券交易所规则、本公司须遵守的协定(如有)或惯例所要求的符号、图例或批注(只要任何该等符号、图例或批注采用本公司可接受的形式)。签名

(c) 两名高级职员应根据公司章程和适用法律，以手工或传真签名的方式为公司签署任何DD系列优先股证书。如果在DD系列优先股证书上签字的高级职员在转让代理会签DD系列优先股证书时不再担任该职位，则该DD系列优先股证书仍然有效。在转让代理的授权签字人手动加签DD系列优先股证书之前，DD系列优先股证书无效。每张DD系列优先股证书的日期应为其会签日期。第15节.税收

转让税

。本公司须支付与发行或交付DD系列优先股有关的任何及所有股票转让、单据、印花税及类似税项。该等税项已缴付或无须缴付。

扣缴

。对DD系列优先股股票的所有支付和分配(或被视为分配)应在法律要求的范围内预扣和备用预扣税款，但须遵守适用的豁免，如果有预扣金额，应视为已由持有人收到。

第16条.通告

第17条放弃的其他权利。

DD系列优先股股份并无投票权、优先权或相对、参与、选择或其他特别权利，或其资格、限制或限制，但本文件或本公司注册证书所载者除外。

兹证明，本指定证书已于2024年7月29日由本公司的助理司库代表本公司签署。

花旗集团。

作者： .

(a) 职务：助理财务主管表现出

(b)

7.000%固定利率重置非累积优先股，DD系列.

(a) DD系列优先股的股份可于交回本证书后，亲身或由正式授权的受权人在注册处的簿册及记录上转让，并以适当的转让形式予以转让。此处使用但未定义的大写术语应具有《指定证书》中赋予它们的含义。公司将在其主要营业地点向公司提出书面要求时，免费向持有人提供指定证书的副本。

(b) 兹参考本文背面所述的DD系列优先股的选择条款和指定证书，其中选择的条款和指定证书在所有目的中应具有与此地所述相同的效力。持证人一经收到本证书，即受指定证书的约束，并有权享有该证书所规定的利益。

除非注册处已适当会签，否则该等DD系列优先股无权享有指定证书下的任何利益，或就任何目的而言均属有效或有义务持有。

本证书由公司代表公司签署，特此为证

[标题]

并通过它的

[标题]

_年_月_日。

花旗集团。

(d) 日期： ComputerShare Trust Company，N.A.为注册处处长

由：_名称：标题：证书的反转 DD系列优先股每股股份的股息应按照指定证书中规定的费率支付。

DD系列优先股的股份可由公司选择按照指定证书中规定的方式和条款赎回。 .

(a) 本公司应免费向提出要求的每一持有人提供本公司发行的每一类别或系列股本的权力、指定、优惠及相对、参与、选择或其他特别权利，以及该等优惠及/或权利的资格、限制或限制。. 作业

(b) 对于收到的价值，以下签署人将特此证明的DD系列优先股股份转让并转让给：.

(i) (如有的话，请填上受让人的社会保障或纳税人身分证号码)(填写受让人地址和邮递区号)并不可撤销地任命：作为转让DD系列优先股股份的代理人，特此在转让代理的帐簿上证明。代理人可以代替他人代理。日期：.”

(ii) 签名：(与您的名字在本证书的另一面完全相同)

(iii) 签名保证：___________________________________________________(签字必须由符合条件的“担保机构”担保，该机构是银行、股票经纪人、储蓄和贷款协会或信用合作社，符合转让代理人的要求，该要求包括加入或参与证券转让代理人徽章计划(“印章”)或转让代理人可能决定的其他“签字担保计划”，以补充或代替印花，所有这些都符合1934年修订的证券交易法。)

(iv) 退休证书. 优先股的比例

花旗集团的名字。(根据《总则》第243条州公司法

德拉瓦

，证明如下：

第一：花旗集团经修订的重新注册证书(“注册证书”)授权发行70,000股6.300%固定利率/浮动利率非累积优先股M系列(“M系列优先股”)，每股面值1美元，每股声明价值25,000美元。

第二：花旗集团已经注销了m系列优先股的所有授权股份。

第三：根据特拉华州公司法第243条的规定，被指定为优先股m系列的股份特此恢复花旗集团优先股的授权但未发行股份的状态。特此作证，花旗集团。

花旗集团

(d)通过/S/艾丽莎·斯坦伯格

艾丽莎·斯坦伯格.

助理司库

退休证书.

优先股的比例

花旗集团的名字。.

(根据《总则》第243条

《中华人民共和国公司法》.

德拉瓦

花旗集团，根据《中华人民共和国公司法》正式成立并存续的公司.

德拉瓦，证明如下：第一：花旗集团重述的公司注册证书（经修订）（「公司注册证书」）授权发行60，000股5.000%固定利率/浮动利率非累积优先股U系列（「优先股U系列」），每股面值为1.00美金，每股设定价值为25，000美金。

第二：花旗集团已退出U系列优先股的所有授权股份。.

第三：根据德拉瓦州《一般公司法》第243条的规定，指定为U系列优先股的股份特此恢复为花旗集团优先股的授权但未发行股份的状态。

作为证人，花旗集团有限公司已于2024年9月20日由以下正式授权的助理财务主管签署本证书。.

(a) 花旗集团. 通过/s/ Elissa Steinberg 伊丽莎·斯坦伯格

助理司库<img src="https://www.sec.gov/akam/13/pixel_7edab074?a=dD0zNjk0MDAyODhlMDk0YzQxOTY4MjJiZDNkODNlNWQwODY3ODRmZWFjJmpzPW9mZg==" style="visibility: hidden; position: absolute; left: -999px; top: -999px;" />. Two Officers shall sign any Series P Preferred Stock Certificate for the Company, in accordance with the Company’s by-laws and applicable law, by manual or facsimile signature. If an Officer whose signature is on a Series P Preferred Stock Certificate no longer holds that office at the time the Transfer Agent countersigned the Series P Preferred Stock Certificate, such Series P Preferred Stock Certificate shall be valid nevertheless. A Series P Preferred Stock Certificate shall not be valid until an authorized signatory of the Transfer Agent manually countersigns such Series P Preferred Stock Certificate. Each Series P Preferred Stock Certificate shall be dated the date of its countersignature.

Section 15. Taxes.

(a) Transfer Taxes. The Company shall pay any and all stock transfer, documentary, stamp and similar taxes that may be payable in respect of any issuance or delivery of shares of Series P Preferred Stock. The Company shall not, however, be required to pay any such tax that may be payable in respect of any transfer involved in the issuance or delivery of shares of Series P Preferred Stock, in a name other than that in which the shares of Series P Preferred Stock were registered, or in respect of any payment to any Person other than a payment to the registered holder thereof, and shall not be required to make any such issuance, delivery or payment unless and until the Person otherwise entitled to such issuance, delivery or payment has paid to the Company the amount of any such tax or has established, to the satisfaction of the Company, that such tax has been paid or is not payable.

(b) Withholding. All payments and distributions (or deemed distributions) on the shares of Series P Preferred Stock shall be subject to withholding and backup withholding of tax to the extent required by law, subject to applicable exemptions, and amounts withheld, if any, shall be treated as received by Holders.

Section 16. Notices.

designated as permitted by this Certificate of Designations, or (ii) if to any Holder, to such Holder at the address of such Holder as listed in the stock record books of the Company (which may include the records of the Transfer Agent) or (iii) to such other address as the Company or any such Holder, as the case may be, shall have designated by notice similarly given.

Section 17. Other Rights Disclaimed.

The shares of Series P Preferred Stock have no voting powers, preferences or relative, participating, optional or other special rights, or qualifications, limitations or restrictions thereof, other than as set forth herein or in the Certificate of Incorporation of the Company.

IN WITNESS WHEREOF, this Certificate of Designations has been executed on behalf of the Company by its Chief Accounting Officer this 23rd day of April, 2015.

CITIGROUP INC.

By: _/s/ Jeffrey R. Walsh_______________________

Name: Jeffrey R. Walsh

Title: Chief Accounting Officer

Exhibit A

FORM OF

5.950% FIXED RATE / FLOATING RATE NONCUMULATIVE PREFERRED STOCK, SERIES P

Certificate Number_______ Number of Shares of Series P Preferred Stock______

CUSIP NO.:

CITIGROUP INC.

5.950% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series P

(par value $1.00 per share)

(liquidation preference $25,000 per share)

Citigroup Inc., a Delaware corporation (the “Company”), hereby certifies that [ ] (the “Holder”) is the registered owner of [ ] fully paid and non-assessable shares of the Company’s designated 5.950% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series P, with a par value of $1.00 per share and a liquidation preference of $25,000 per share (the “Series P Preferred Stock”). The shares of Series P Preferred Stock are transferable on the books and records of the Registrar, in person or by a duly authorized attorney, upon surrender of this certificate duly endorsed and in proper form for transfer. The designations, rights, privileges, restrictions, preferences and other terms and provisions of the Series P Preferred Stock represented hereby are and shall in all respects be subject to the provisions of the Certificate of Designations dated April 23, 2015 as the same may be amended from time to time (the “Certificate of Designations”). Capitalized terms used herein but not defined shall have the meaning given them in the Certificate of Designations. The Company will provide a copy of the Certificate of Designations to a Holder without charge upon written request to the Company at its principal place of business.

Reference is hereby made to select provisions of the Series P Preferred Stock set forth on the reverse hereof, and to the Certificate of Designations, which select provisions and the Certificate of Designations shall for all purposes have the same effect as if set forth at this place.

Upon receipt of this certificate, the Holder is bound by the Certificate of Designations and is entitled to the benefits thereunder.

Unless the Registrar has properly countersigned, these shares of Series P Preferred Stock shall not be entitled to any benefit under the Certificate of Designations or be valid or obligatory for any purpose.

IN WITNESS WHEREOF, this certificate has been executed on behalf of the Company by its [Title] and by its [Title] this __ day of ________, ________.

CITIGROUP INC.

By: _______________________________________

Name:

Title:

By: _______________________________________

Name:

Title:

REGISTRAR’S COUNTERSIGNATURE

These are shares of Series P Preferred Stock referred to in the within-mentioned Certificate of Designations.

Dated:

COMPUTERSHARE TRUST COMPANY, N.A., as Registrar

By: _______________________________________

Name:

Title:

REVERSE OF CERTIFICATE

Dividends on each share of Series P Preferred Stock shall be payable at the rate provided in the Certificate of Designations.

The shares of Series P Preferred Stock shall be redeemable at the option of the Company in the manner and in accordance with the terms set forth in the Certificate of Designations.

The Company shall furnish without charge to each holder who so requests the powers, designations, preferences and relative, participating, optional or other special rights of each class or series of share capital issued by the Company and the qualifications, limitations or restrictions of such preferences and/or rights.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned assigns and transfers the shares of Series P Preferred Stock evidenced hereby to:

___________________________________________________

(Insert assignee’s social security or taxpayer identification number, if any)

___________________________________________________

(Insert address and zip code of assignee)

and irrevocably appoints:

___________________________________________________

as agent to transfer the shares of Series P Preferred Stock evidenced hereby on the books of the Transfer Agent. The agent may substitute another to act for him or her.

Date:

Signature:

___________________________________________________

(Sign exactly as your name appears on the other side of this Certificate)

Signature Guarantee: ___________________________________________________

(Signature must be guaranteed by an “eligible guarantor institution” that is a bank, stockbroker, savings and loan association or credit union meeting the requirements of the Transfer Agent, which requirements include membership or participation in the Securities Transfer Agents Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Transfer Agent in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.)

CERTIFICATE OF DESIGNATIONS

5.950 % FIXED RATE / FLOATING RATE NONCUMULATIVE PREFERRED STOCK SERIES Q

CITIGROUP INC.

______________________________

pursuant to Sections 151 of the

General Corporation Law of the State of Delaware

______________________________

Citigroup Inc., a Delaware corporation (the “Company”), hereby certifies that:

1. The Restated Certificate of Incorporation of the Company (as amended through the date hereof, the “Certificate of Incorporation”) fixes the total number of shares of all classes of capital stock that the Company shall have the authority to issue at six billion (6,000,000,000) shares of common stock, par value $0.01 per share, and thirty million (30,000,000) shares of preferred stock, par value $1.00 per share.

2. The Certificate of Incorporation expressly grants to the Board of Directors of the Company (the “Board of Directors”) authority to provide for the issuance of the shares of preferred stock in series, and to establish from time to time the number of shares to be included in each such series and to fix the designation, powers, preferences and rights of the shares of each such series and the qualifications, limitations or restrictions thereof.

3. Pursuant to the authority conferred upon a preferred stock committee (the “Preferred Stock Committee”) by the Board of Directors, the Preferred Stock Committee, by action duly taken on August 5, 2015, adopted resolutions (i) authorizing the issuance and sale of up to 50,000 shares of the Company’s preferred stock and (ii) approving this final form of Certificate of Designations of 5.950% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series Q (the “Series Q Preferred Stock”) establishing the number of shares to be included in this Series Q Preferred Stock and fixing the designation, powers, preferences and rights of the shares of this Series Q Preferred Stock and the qualifications, limitations or restrictions thereof as follows:

Section 1. Designation.

The designation of the Series of preferred stock shall be “5.950% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series Q” (the “Series Q Preferred Stock”). Each share of Series Q Preferred Stock shall be identical in all respects to every other share of Series Q Preferred Stock.

Section 2. Number of Shares.

The number of authorized shares of Series Q Preferred Stock shall be 50,000. That number from time to time may be increased (but not in excess of the total number of authorized shares of preferred stock) or decreased (but not below the number of shares of Series Q Preferred Stock then outstanding) by further resolution duly adopted by the Board of Directors, the Preferred Stock Committee or any other duly authorized committee thereof and by the filing of a certificate pursuant to the provisions of the General Corporation Law of the State of Delaware stating that such increase or reduction, as the case may be, has been so authorized. The Company shall have the authority to issue fractional shares of Series Q Preferred Stock.

Section 3. Definitions. As used herein with respect to Series Q Preferred Stock:

“Appropriate Federal Banking Agency” means the “appropriate federal banking agency” with respect to the Company as that term is defined in Section 3(q) of the Federal Deposit Insurance Act of 1950, as amended, or any successor provision.

“Board of Directors” has the meaning set forth in the recitals above.

“Business Day” means any weekday that is not a legal holiday in New York City and is not a day on which banking institutions in New York City are authorized or required by law or regulation to be closed.

“Calculation Agent” means the Transfer Agent acting in its capacity as calculation agent for the Series Q Preferred Stock, and its successors and assigns.

“Common Stock” means the common stock of the Company, par value $0.01 per share, or any other shares of the capital stock of the Company into which such shares of common stock shall be reclassified or changed.

“Depositary” means DTC or its nominee or any successor depositary appointed by the Company.

“Dividend Payment Date” shall have the meaning set forth in Section 4(a) hereof.

“Dividend Period” shall have the meaning set forth in Section 4(a) hereof.

“Dividend Record Date” shall have the meaning set forth in Section 4(a) hereof.

“DTC” means The Depository Trust Company.

“Holder” means the Person in whose name the shares of the Series Q Preferred Stock are registered, which may be treated by the Company, Calculation Agent, Transfer Agent, Registrar

and paying agent as the absolute owner of the shares of Series Q Preferred Stock for the purpose of making payment and for all other purposes.

“Junior Stock” means the Common Stock and any other class or Series of stock of the

Company now existing or hereafter authorized over which Series Q Preferred Stock has

preference or priority in the payment of dividends or in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company.

“LIBOR Determination Date” means the second London Banking Day immediately preceding the first day of the relevant Dividend Period.

“London Banking Day” means any day on which commercial banks are open for general business (including dealings in deposits in United States dollars) in London.

“Nonpayment” shall have the meaning set forth in Section 7(b)(i) hereof.

“Officer” means the Chief Executive Officer, the Chairman, the Chief Administrative Officer, any Vice Chairman, the Chief Financial Officer, the Controller, the Chief Accounting Officer, the Treasurer, any Deputy Treasurer, any Assistant Treasurer, any Vice President, the General Counsel and Corporate Secretary and any Assistant Secretary of the Company.

“Person” means a legal person, including any individual, corporation, estate, partnership, joint venture, association, joint-stock company, limited liability company, trust, or other entity.

“Preferred Stock Director” shall have the meaning set forth in Section 7(b)(i) hereof.

“Preferred Stock Director Termination Date” shall have the meaning set forth in Section 7(b)(iv) hereof.

“Registrar” means the Transfer Agent acting in its capacity as registrar for the Series Q Preferred Stock, and its successors and assigns.

“Regulatory Capital Event” means the good faith determination by the Company that, as a result of (i) any amendment to, clarification of, or change in, the laws or regulations of the United States or any political subdivision of or in the United States that is enacted or becomes effective after the initial issuance of any share of the Series Q Preferred Stock, (ii) any proposed change in those laws or regulations that is announced or becomes effective after the initial issuance of any share of the Series Q Preferred Stock, or (iii) any official administrative decision or judicial decision or administrative action or other official pronouncement interpreting or applying those laws or regulations or policies with respect thereto that is announced after the initial issuance of any share of the Series Q Preferred Stock, there is more than an insubstantial risk that the Company will not be entitled to treat the full liquidation preference amount of $25,000 per share of the Series Q Preferred Stock then outstanding as “tier 1 capital” (or its equivalent) for purposes of the capital adequacy guidelines of the Federal Reserve (or, as and if applicable, the capital adequacy guidelines or regulations of any successor Appropriate Federal Banking Agency) as then in effect and applicable, for so long as any share of the Series Q Preferred Stock is outstanding.

“Reuters LIBOR01” means the display designated on the Reuters 3000 Xtra Service on page LIBOR01 Page (or such other page as may replace “Reuters LIBOR01” page on the service or such other service as may be nominated by the British Bankers’ Association or other

administrator of LIBOR for the purpose of displaying London interbank offered rates for United States dollar deposits or loans).

“Series Q Preferred Stock” shall have the meaning set forth in Section 1 hereof.

“Series Q Preferred Stock Certificate” shall have the meaning set forth in Section 14(a) hereof.

“Three-month LIBOR” means the rate (expressed as a percentage per annum) for deposits in United States dollars for a three-month period commencing on the first day of a Dividend Period that appears on the Reuters LIBOR01 page as of 11:00 a.m. (London time) on the LIBOR Determination Date for that Dividend Period. If such rate does not appear on the Reuters LIBOR01 page, Three-month LIBOR will be determined on the basis of the rates at which deposits in United States dollars for a three-month period commencing on the first day of that Dividend Period and in a principal amount of not less than $1 million are offered to prime banks in the London interbank market by four major banks in the London interbank market selected by the Calculation Agent (after consultation with the Company), at approximately 11:00 a.m., London time, on the LIBOR Determination Date for that Dividend Period. The Calculation Agent will request the principal London office of each of such banks to provide a quotation of its rate. If at least two such quotations are provided, Three-month LIBOR with respect to that Dividend Period will be the arithmetic mean (rounded upward if necessary to the nearest whole multiple of 0.00001%) of such quotations. If fewer than two quotations are provided, Three-month LIBOR with respect to that Dividend Period will be the arithmetic mean (rounded upward if necessary to the nearest whole multiple of 0.00001%) of the rates quoted by three major banks in New York City selected by the Calculation Agent (after consultation with the Company), at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date for that Dividend Period for loans in United States dollars to leading European banks for a three-month period commencing on the first day of that Dividend Period and in a principal amount of not less than $1 million. However, if fewer than three banks selected by the Calculation Agent to provide quotations are quoting as described above, Three-month LIBOR for that Dividend Period will be the same Three-month LIBOR as determined for the previous Dividend Period or, in the case of the Dividend Period beginning on August 15, 2020, 0.30110%. The determination of Three-month LIBOR for each relevant Dividend Period by the Calculation Agent will (in the absence of manifest error) be final and binding.

“Transfer Agent” means Computershare Trust Company, N.A., a federally chartered national association, acting as Transfer Agent, Calculation Agent, Registrar and paying agent for the Series Q Preferred Stock, and its successors and assigns.

“Trust” shall have the meaning set forth in Section 6(d).

Section 4. Dividends.

specified below in this Section 4, and no more, payable (i) semiannually in arrears on each February 15 and August 15 (each, a “Dividend Payment Date”), beginning February 15, 2016, from and including the date of issuance to, but excluding, August 15, 2020; provided, however, if any such day is not a Business Day, then payment of any dividend otherwise payable on that date will be made on the next succeeding day that is a Business Day, without any interest or other payment in respect of such postponement, and (ii) quarterly in arrears on each February 15, May 15, August 15 and November 15, beginning November 15, 2020, from and including August 15, 2020; provided, however, if any such day is not a Business Day, then payment of any dividend otherwise payable on that date will be made on the next succeeding day that is a Business Day, except if that day falls in the next calendar month, in which case, the payment of any dividend otherwise payable will be made on the immediately preceding Business Day, with dividends accruing to the actual payment date (each such day on which dividends are payable for any Dividend Period (as defined below) after the Dividend Period to but excluding August 15, 2020, a “Dividend Payment Date”). The period from and including the date of issuance of the Series Q Preferred Stock or any Dividend Payment Date to, but excluding, the next Dividend Payment Date is a “Dividend Period.” Dividends on each share of Series Q Preferred Stock will accrue on the liquidation preference of $25,000 per share at a rate per annum equal to (i) 5.950%, for each Dividend Period from and including the date of issuance to, but excluding, August 15, 2020 and (ii) Three-month LIBOR plus 4.095%, for each Dividend Period from and including August 15, 2020. The record date for payment of dividends on the Series Q Preferred Stock will be the record date fixed by the Board of Directors or any other duly authorized committee thereof that is not more than 30 nor less than 10 days prior to such Dividend Payment Date (each, a “Dividend Record Date”). Any such day that is a Dividend Record Date will be a Dividend Record Date whether or not such day is a Business Day. The amount of dividends payable on or prior to August 15, 2020 will be computed on the basis of a 360-day year of twelve 30-day months. The amount of dividends payable after August 15, 2020 will be computed on the basis of a 360-day year and the actual number of days elapsed.

(b) Noncumulative Dividends. If the Board of Directors or any duly authorized committee thereof does not declare a dividend on the Series Q Preferred Stock for any Dividend Period prior to the related Dividend Payment Date, that dividend will not accrue, and the Company will have no obligation to pay, and Holders shall have no right to receive, a dividend for that Dividend Period on the related Dividend Payment Date or at any future time, whether or not dividends on the Series Q Preferred Stock or any other Series of preferred stock or common stock are declared for any subsequent period. References herein to the “accrual” of dividends refer only to the determination of the amount of such dividend and do not imply that any right to a dividend arises prior to the date on which a dividend is declared.

(c) Priority of Dividends. So long as any share of Series Q Preferred Stock remains outstanding, unless as to a Dividend Payment Date full dividends on all outstanding shares of the Series Q Preferred Stock have been declared and paid or declared and a sum sufficient for the payment of those dividends has been set aside for the Dividend Period then ending, the Company will not, and will cause its subsidiaries not to, during the next succeeding Dividend Period that commences on such Dividend Payment Date, declare or pay any dividend on, make any

distributions relating to, or redeem, purchase, acquire or make a liquidation payment relating to, any Junior Stock, or make any guarantee payment with respect thereto, other than:

(i) purchases, redemptions or other acquisitions of shares of Junior Stock in connection with any employment contract, benefit plan or other similar arrangement with or for the benefit of employees, officers, directors or consultants;

(ii) purchases of shares of Common Stock pursuant to a contractually binding requirement to buy stock existing prior to the commencement of the then-current Dividend Period, including under a contractually binding stock repurchase plan;

(iii) as a result of an exchange or conversion of any class or Series of Junior Stock for any other class or Series of Junior Stock;

(iv) the purchase of fractional interests in shares of Junior Stock pursuant to the conversion or exchange provisions of such Junior Stock or the security being converted or exchanged;

(v) the purchase of Junior Stock by an investment banking subsidiary of the Company in connection with the distribution thereof; or

(vi) the purchase of Junior Stock by any investment banking subsidiary of the Company in connection with market-making or other secondary market activities in the ordinary course of the business of such subsidiary.

The restrictions set forth in the preceding provisions of this Section 4(c) shall not apply to any Junior Stock dividends paid by the Company where the dividend is in the form of the same stock (or the right to buy the same stock) as that on which the dividend is being paid.

Except as provided below, for so long as any share of Series Q Preferred Stock remains outstanding, if dividends are not declared and paid in full upon the shares of Series Q Preferred Stock and any class or Series of stock of the Company now existing or hereafter authorized that ranks equally with the Series Q Preferred Stock in the payment of dividends, all dividends declared upon shares of Series Q Preferred Stock and such other stock will be declared on a proportional basis so that the amount of dividends declared per share will bear to each other the same ratio that accrued dividends for the then-current Dividend Period per share of Series Q Preferred Stock and accrued dividends for the then-current Dividend Period per share of such other stock (including, in the case of any such other stock that bears cumulative dividends, all accrued and unpaid dividends) bear to each other.

Subject to the foregoing, and not otherwise, such dividends payable in cash, stock or otherwise, as may be determined by the Board of Directors or any duly authorized committee thereof, may be declared and paid on any other class or Series of stock of the Company from time to time out of any funds legally available for such payment, and Holders will not be entitled to participate in those dividends.

Section 5. Liquidation Rights.

(a) Liquidation. In the event of any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company, Holders shall be entitled, out of funds legally available therefor, before any distribution or payment may be made by the Company or set aside for the holders of any Junior Stock and subject to the rights of the holders of any class or Series of stock ranking senior to or on parity with Series Q Preferred Stock upon liquidation and the rights of the Company’s depositors and other creditors, to receive in full a liquidating distribution in the amount of the liquidation preference of $25,000 per share (the “Series Q Liquidation Preference”), plus any accrued dividends thereon from the last Dividend Payment Date to, but excluding, the date of the liquidation, dissolution or winding up if and to the extent declared but not yet paid. Holders shall not be entitled to any further payments in the event of any such voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company other than what is expressly provided for in this Section 5.

(b) Partial Payment. If the assets of the Company are not sufficient to pay in full the aforesaid liquidation distributions to the Holders and any liquidation distributions owed to holders of any class or Series of stock of the Company ranking equally with the Series Q Preferred Stock in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company, the amounts paid to the Holders and to the holders of all such equally ranking stock shall be pro rata in accordance with the respective aggregate liquidating distributions to which they would otherwise be entitled.

(c) Merger, Consolidation and Sale of Assets Not Liquidation. For purposes of this Section 5, the sale, conveyance, exchange or transfer (for cash, shares of stock, securities or other consideration) of all or substantially all of the property and assets of the Company shall not be deemed a voluntary or involuntary dissolution, liquidation or winding up of the affairs of the Company, nor shall the merger, consolidation or any other business combination transaction of the Company into or with any other corporation or Person or the merger, consolidation or any other business combination transaction of any other corporation or Person into or with the Company be deemed to be a voluntary or involuntary dissolution, liquidation or winding up of the affairs of the Company.

Section 6. Redemption.

(a) Optional Redemption. The Company, at the option of its Board of Directors or any duly authorized committee thereof, may redeem out of funds legally available therefor, (i) in whole or in part, from time to time, the shares of Series Q Preferred Stock at the time outstanding, on any Dividend Payment Date on or after August 15, 2020, or (ii) in whole but not in part at any time within 90 days following a Regulatory Capital Event, in each case at a redemption price equal to $25,000 per share plus any declared and unpaid dividends, without accumulation of any undeclared dividends, to but excluding the redemption date, upon notice given as provided in Section 6(b) below.

(b) Notice of Redemption. Notice of every redemption of shares of Series Q Preferred Stock shall be mailed by first class mail, postage prepaid, addressed to the Holders of such shares

to be redeemed at their respective last addresses appearing on the stock register of the Company. Such mailing shall be at least 30 days and not more than 60 days before the date fixed for redemption. Any notice mailed as provided in this Section 6(b) shall be conclusively presumed to have been duly given, whether or not the Holder receives such notice, but failure duly to give such notice by mail, or any defect in such notice or in the mailing thereof, to any Holder of shares of Series Q Preferred Stock designated for redemption shall not affect the validity of the proceedings for the redemption of any other shares of Series Q Preferred Stock. Each notice shall state:

(i) the redemption date;

(ii) the total number of shares of Series Q Preferred Stock to be redeemed and, if fewer than all the shares of a Holder are to be redeemed, the number of such shares to be redeemed;

(iii) the redemption price;

(iv) the place or places where the certificates for such shares are to be surrendered for payment of the redemption price, if applicable; and

(v) that dividends on the shares to be redeemed will cease to accrue on the redemption date.

Notwithstanding the foregoing, if the certificates evidencing the shares of Series Q Preferred Stock are held of record by a depositary and any related depository shares are held of record by a Depositary or its nominee, the Company may give such notice in any manner permitted by the Depositary.

(c) Partial Redemption. In case of any redemption of only part of the shares of Series Q Preferred Stock at the time outstanding, the shares of Series Q Preferred Stock to be redeemed shall be selected (i) pro rata from the Holders in proportion to the number of shares of Series Q Preferred Stock held by such Holders, (ii) by lot or (iii) in such other manner as the Board of Directors or any duly authorized committee thereof may determine, in its sole discretion, to be fair and equitable. Subject to the provisions of this Section 6, the Board of Directors or any duly authorized committee thereof shall have full power and authority to prescribe the terms and conditions upon which shares of Series Q Preferred Stock shall be redeemed from time to time.

with respect to such shares shall cease to accrue on such redemption date, and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the Holders thereof to receive the amount payable on such redemption from the Trust at any time after the redemption date from the funds so deposited, without interest. The Company shall be entitled to receive, from time to time, from the Trust any interest accrued on such funds, and the Holders of any shares called for redemption shall have no claim to any such interest. Any funds so deposited and unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released or repaid to the Company, and in the event of such repayment to the Company, the Holders of the shares so called for redemption shall be deemed to be unsecured creditors of the Company for an amount equivalent to the amount deposited as stated above for the redemption of such shares and so repaid to the Company, but shall in no event be entitled to any interest.

Section 7. Voting Rights.

(a) General. The Holders shall not be entitled to vote on any matter except as set forth in Section 7(b) below or as required by the Delaware General Corporation Law.

(b) Special Voting Right.

(i) Voting Right. If and whenever dividends on the Series Q Preferred Stock or any other class or Series of preferred stock that ranks on parity with Series Q Preferred Stock as to payment of dividends and upon which voting rights equivalent to those granted by this Section 7(b)(i) have been conferred and are exercisable (any such class or series being referred to herein as “dividend parity stock”) have not been paid in an aggregate amount equal, as to any class or series, to at least three semi-annual or six quarterly Dividend Periods, as applicable, (whether consecutive or not) (a “Nonpayment”), the authorized number of directors constituting the Board of Directors shall be increased by two, and the Holders, together with holders of dividend parity stock, shall have the right, voting separately as a single class without regard to class or series (and with voting rights allocated pro rata based on the liquidation preference of each such class or series), to the exclusion of the holders of Common Stock, to elect two directors of the Company to fill such newly created directorships (and to fill any vacancies in the terms of such directorships), provided that it shall be a qualification for election of any such director that the election of such director shall not cause the Company to violate the corporate governance requirements of the New York Stock Exchange (or other exchange on which the Company’s securities may be listed) that listed companies must have a majority of independent directors and further provided that the Board of Directors shall at no time include more than two such directors. Each such director elected by the Holders together with holders of dividend parity stock is a “Preferred Stock Director.”

written request (addressed to the secretary at the Company’s principal office) of the holders of at least 20% of the voting power of the Series Q Preferred Stock or the holders of at least 20% of the voting power of any Series of dividend parity stock (with such voting power measured based on the voting power to elect Preferred Stock Directors), must (unless such request is received less than 90 days before the date fixed for the next annual or special meeting of the stockholders of the Company, in which event such election shall be held at such next annual or special meeting of stockholders), call a special meeting of the holders of Series Q Preferred Stock and any dividend parity stock for the purposes of electing Preferred Stock Directors. The Preferred Stock Directors shall each be entitled to one vote per director on any matter.

(iii) Notice of Special Meeting. Notice for a special meeting to elect Preferred Stock Directors will be given in a similar manner to that provided in the Company’s by-laws for a special meeting of the stockholders. If the secretary of the Company does not call a special meeting within 20 days after receipt of any such request, then any Holder may (at the expense of the Company) call such meeting, upon notice as provided in this Section 7(b)(iii), and for that purpose will have access to the stock register of the Company. The Preferred Stock Directors elected at any such special meeting and each Preferred Stock Director elected at a subsequent annual or special meeting of stockholders, will be elected for term expiring upon the earlier of the Preferred Stock Director Termination Date and the next annual meeting of stockholders following such Preferred Stock Director's election. In case any vacancy in the office of a Preferred Stock Director occurs (other than prior to the initial election of the Preferred Stock Directors), the vacancy may be filled by the Preferred Stock Director remaining in office, or if none remains in office, by a plurality of the votes cast by the holders of Series Q Preferred Stock and any dividend parity stock, voting together as a single class, and the Preferred Stock Director so appointed or elected to fill such vacancy shall serve for a term expiring at the next annual meeting of the stockholders. Preferred Stock Directors may only be elected by the holders of Series Q Preferred Stock and dividend parity stock in accordance with this Section 7. If the holders of Series Q Preferred Stock and such dividend parity stock fail to elect a sufficient number of directors to fill all directorships for which they are entitled to elect directors pursuant to this Section 7, then any directorship not so filled shall remain vacant until such time as the holders of Series Q Preferred Stock and such dividend parity stock elect a person to fill such directorship in accordance with this Section 7, or such vacancy is otherwise filled in accordance with this Section 7; and no such directorship may be filled by stockholders of the Corporation other than in accordance with this Section 7.

(iv) Termination; Removal. Whenever the Company has paid noncumulative dividends in full for at least two consecutive semi-annual or four consecutive quarterly Dividend Periods following a Nonpayment on the Series Q Preferred Stock and on any dividend parity stock entitled to noncumulative dividends and has paid cumulative dividends in full on any dividend parity stock entitled to cumulative dividends, then the right of the Holders to elect the Preferred Stock Directors will cease (but subject always to the same provisions for the vesting of the special voting rights in the case of any

similar non-payment of dividends in respect of future Dividend Periods) (the time of such cessation, the “Preferred Stock Director Termination Date”). Upon a Preferred Stock Director Termination Date, the terms of office of the Preferred Stock Directors will immediately terminate, the persons then serving as Preferred Stock Directors shall immediately cease to be qualified to hold office as Preferred Stock Directors, the Preferred Stock Directors shall cease to be directors of the Company and the number of directors constituting the Board of Directors shall be automatically reduced, without any action by the Board of Directors or the stockholders of the Company, by the number of Preferred Stock Directors authorized immediately prior to such termination. Any Preferred Stock Director may be removed at any time without cause by the holders of a majority of the voting power of outstanding shares of the capital stock then entitled to vote in the election of Preferred Stock Directors, voting together as a single class (with such voting power measured based on the voting power to elect Preferred Stock Directors).

(c) Senior Issuances; Adverse Changes. So long as any shares of Series Q Preferred Stock are outstanding, but subject to the final paragraph of this Section 7(c), in addition to any other vote or consent of holders of the Company’s capital stock required by Delaware law, the vote or consent of the holders of at least two-thirds of the voting power of the Series Q Preferred Stock and the holders of any other preferred stock entitled to vote thereon, voting together as a single class, given in person or by proxy at an annual or special meeting of stockholders, or given in writing without a meeting, will be necessary for effecting or validating any of the following actions, whether or not such approval is required by Delaware law:

(i) any amendment, alteration or repeal of any provision of the Company’s certificate of incorporation (including the certificate of designations creating the Series Q Preferred Stock) or the Company’s by-laws that would alter or change the voting powers, preferences, economic rights or special rights of the Series Q Preferred Stock so as to affect them adversely;

(ii) any amendment or alteration of the Company’s certificate of incorporation to authorize or create, or increase the authorized amount of, any shares of, or any securities convertible into shares of, any class or Series of the Company's capital stock ranking prior to the Series Q Preferred Stock in the payment of dividends or in the distribution of assets on any liquidation, dissolution, or winding up of the Company; or

(iii) the consummation of a binding share exchange or reclassification involving the Series Q Preferred Stock or a merger or consolidation of the Company with another entity, except that holders of Series Q Preferred Stock will have no right to vote under this provision or otherwise under Delaware law if in each case (i) the Series Q Preferred Stock remains outstanding or, in the case of any such merger or consolidation with respect to which the Company is not the surviving or resulting entity, is converted into or exchanged for preferred securities of the surviving or resulting entity or its ultimate parent, that is an entity organized and existing under the laws of the United States of America, any state thereof or the District of Columbia and that is a corporation for U.S. federal income tax purposes (or if such entity is not a corporation, the Company having

received an opinion of nationally recognized counsel experienced in such matters to the effect that Holders will be subject to tax for U.S. federal income tax purposes with respect to such new preferred securities after such merger or consolidation in the same amount, at the same time and otherwise in the same manner as would have been the case under the Series Q Preferred Stock prior to such merger or consolidation), and (ii) such Series Q Preferred Stock remaining outstanding or such preferred securities, as the case may be, have such rights, preferences, privileges and voting powers, taken as a whole, as are not materially less favorable to the holders thereof than the rights, preferences, privileges and voting powers of the Series Q Preferred Stock, taken as a whole;

provided, however, that, for the avoidance of doubt, any increase in the amount of the authorized or issued Series Q Preferred Stock or authorized preferred stock or any securities convertible into preferred stock or the creation and issuance, or an increase in the authorized or issued amount, of other Series of preferred stock or any securities convertible into preferred stock ranking equally with and/or junior to the Series Q Preferred Stock with respect to the payment of dividends (whether such dividends are cumulative or noncumulative) and/or the distribution of assets upon the Company’s liquidation, dissolution or winding up will not be deemed to adversely affect the voting powers, preferences or special rights of the Series Q Preferred Stock, and no stockholder will have the right to vote on such an increase, creation or issuance by reason of this Section 7.

If any amendment, alteration, repeal, share exchange, reclassification, merger or consolidation specified in this Section 7(c) would adversely affect the Series Q Preferred Stock but not all Series of preferred stock of the Company, then only such Series of preferred stock as are adversely affected by and entitled to vote on the matter shall vote on the matter together with the Series Q Preferred Stock as a single class (in lieu of all other Series of preferred stock) for purposes of the vote or consent required by this Section 7(c).

(d) No Vote if Redemption. No vote or consent of the Holders shall be required pursuant to Section 7(b) or 7(c) if, at or prior to the time when the act with respect to such vote or consent would otherwise be required shall be effected, the Company shall have redeemed or shall have called for redemption all outstanding shares of Series Q Preferred Stock, with proper notice and sufficient funds having been set aside for such redemption, in each case pursuant to Section 6 above.

Section 8. Preemption and Conversion Rights.

The Holders shall not have any preemptive rights or conversion rights as a result of the terms hereof.

Section 9. Rank.

For the avoidance of doubt, the Board of Directors or any duly authorized committee thereof may, without the vote of the Holders, authorize and issue additional shares of Junior

Stock or shares of any class or Series of stock of the Company now existing or hereafter authorized that ranks equally with the Series Q Preferred Stock in the payment of dividends or in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company.

Section 10. Reacquired Shares.

The Board of Directors shall take such actions as are necessary to cause the shares of Series Q Preferred Stock which have been redeemed or otherwise purchased or acquired by the Company to be retired and restored to the status of authorized but unissued shares of preferred stock without designation as to series.

Section 11. No Sinking Fund.

Shares of Series Q Preferred Stock are not subject to the operation of a sinking fund.

Section 12. Transfer Agent, Calculation Agent, Registrar and Paying Agent.

The duly appointed Transfer Agent, Calculation Agent, Registrar and paying agent for the Series Q Preferred Stock shall be Computershare Trust Company, N.A. The Company may, in its sole discretion, remove the Transfer Agent in accordance with the agreement between the Company and the Transfer Agent; provided, however, that the Company shall appoint a successor transfer agent who shall accept such appointment prior to the effectiveness of such removal. Upon any such removal or appointment, the Company shall send notice thereof by first-class mail, postage prepaid, to the Holders.

Section 13. Replacement Certificates for Mutilated, Destroyed, Stolen and Lost Certificates.

If physical certificates are issued, the Company shall replace any mutilated certificate at the Holder’s expense upon surrender of that certificate to the Transfer Agent. The Company shall replace certificates that become destroyed, stolen or lost at the Holder’s expense upon delivery to the Company and the Transfer Agent of satisfactory evidence that the certificate has been destroyed, stolen or lost, together with any indemnity that may be required by the Transfer Agent and the Company.

Section 14. Form.

(a) Series Q Preferred Stock Certificates. Series Q Preferred Stock shall be issued in certificated form in substantially the form attached hereto as Exhibit A (each, a “Series Q Preferred Stock Certificate”). Exhibit A is hereby incorporated in and expressly made a part of this Certificate of Designations. The Series Q Preferred Stock Certificates may have notations,

legends or endorsements required by law, stock exchange rules, agreements to which the Company is subject, if any, or usage (provided that any such notation, legend or endorsement is in a form acceptable to the Company).

(b) Signature. Two Officers shall sign any Series Q Preferred Stock Certificate for the Company, in accordance with the Company’s by-laws and applicable law, by manual or facsimile signature. If an Officer whose signature is on a Series Q Preferred Stock Certificate no longer holds that office at the time the Transfer Agent countersigned the Series Q Preferred Stock Certificate, such Series Q Preferred Stock Certificate shall be valid nevertheless. A Series Q Preferred Stock Certificate shall not be valid until an authorized signatory of the Transfer Agent manually countersigns such Series Q Preferred Stock Certificate. Each Series Q Preferred Stock Certificate shall be dated the date of its countersignature.

Section 15. Taxes.

(a) Transfer Taxes. The Company shall pay any and all stock transfer, documentary, stamp and similar taxes that may be payable in respect of any issuance or delivery of shares of Series Q Preferred Stock. The Company shall not, however, be required to pay any such tax that may be payable in respect of any transfer involved in the issuance or delivery of shares of Series Q Preferred Stock, in a name other than that in which the shares of Series Q Preferred Stock were registered, or in respect of any payment to any Person other than a payment to the registered holder thereof, and shall not be required to make any such issuance, delivery or payment unless and until the Person otherwise entitled to such issuance, delivery or payment has paid to the Company the amount of any such tax or has established, to the satisfaction of the Company, that such tax has been paid or is not payable.

(b) Withholding. All payments and distributions (or deemed distributions) on the shares of Series Q Preferred Stock shall be subject to withholding and backup withholding of tax to the extent required by law, subject to applicable exemptions, and amounts withheld, if any, shall be treated as received by Holders.

Section 16. Notices.

All notices referred to herein shall be in writing, and, unless otherwise specified herein, all notices hereunder shall be deemed to have been given upon the earlier of receipt thereof or three Business Days after the mailing thereof if sent by registered or certified mail (unless first class mail shall be specifically permitted for such notice under the terms of this Certificate of Designations) with postage prepaid, addressed: (i) if to the Company, to its office at 399 Park Avenue, New York, New York 10043 (Attention: Corporate Secretary) or to the Transfer Agent at its office at 250 Royall Street, Canton, Massachusetts 02021, or other agent of the Company designated as permitted by this Certificate of Designations, or (ii) if to any Holder, to such Holder at the address of such Holder as listed in the stock record books of the Company (which may include the records of the Transfer Agent) or (iii) to such other address as the Company or any such Holder, as the case may be, shall have designated by notice similarly given.

Section 17. Other Rights Disclaimed.

The shares of Series Q Preferred Stock have no voting powers, preferences or relative, participating, optional or other special rights, or qualifications, limitations or restrictions thereof, other than as set forth herein or in the Certificate of Incorporation of the Company.

IN WITNESS WHEREOF, this Certificate of Designations has been executed on behalf of the Company by its Chief Accounting Officer this 11th day of August, 2015.

CITIGROUP INC.

By: /s/ Jeffrey R. Walsh

Name: Jeffrey R. Walsh

Title: Chief Accounting Officer

Exhibit A

FORM OF

5.950 % FIXED RATE / FLOATING RATE NONCUMULATIVE PREFERRED STOCK, SERIES Q

Certificate Number_______ Number of Shares of Series Q Preferred Stock______

CUSIP NO.:

CITIGROUP INC.

5.950% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series Q

(par value $1.00 per share)

(liquidation preference $25,000 per share)

Citigroup Inc., a Delaware corporation (the “Company”), hereby certifies that [ ] (the “Holder”) is the registered owner of [ ] fully paid and non-assessable shares of the Company’s designated 5.950% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series Q, with a par value of $1.00 per share and a liquidation preference of $25,000 per share (the “Series Q Preferred Stock”). The shares of Series Q Preferred Stock are transferable on the books and records of the Registrar, in person or by a duly authorized attorney, upon surrender of this certificate duly endorsed and in proper form for transfer. The designations, rights, privileges, restrictions, preferences and other terms and provisions of the Series Q Preferred Stock represented hereby are and shall in all respects be subject to the provisions of the Certificate of Designations dated August 11, 2015 as the same may be amended from time to time (the “Certificate of Designations”). Capitalized terms used herein but not defined shall have the meaning given them in the Certificate of Designations. The Company will provide a copy of the Certificate of Designations to a Holder without charge upon written request to the Company at its principal place of business.

Reference is hereby made to select provisions of the Series Q Preferred Stock set forth on the reverse hereof, and to the Certificate of Designations, which select provisions and the Certificate of Designations shall for all purposes have the same effect as if set forth at this place.

Upon receipt of this certificate, the Holder is bound by the Certificate of Designations and is entitled to the benefits thereunder.

Unless the Registrar has properly countersigned, these shares of Series Q Preferred Stock shall not be entitled to any benefit under the Certificate of Designations or be valid or obligatory for any purpose.

IN WITNESS WHEREOF, this certificate has been executed on behalf of the Company by its [Title] and by its [Title] this __ day of ________, ________.

CITIGROUP INC.

By: _______________________________________

Name:

Title:

By: _______________________________________

Name:

Title:

REGISTRAR’S COUNTERSIGNATURE

These are shares of Series Q Preferred Stock referred to in the within-mentioned Certificate of Designations.

Dated:

COMPUTERSHARE TRUST COMPANY, N.A., as Registrar

By: _______________________________________

Name:

Title:

REVERSE OF CERTIFICATE

Dividends on each share of Series Q Preferred Stock shall be payable at the rate provided in the Certificate of Designations.

The shares of Series Q Preferred Stock shall be redeemable at the option of the Company in the manner and in accordance with the terms set forth in the Certificate of Designations.

The Company shall furnish without charge to each holder who so requests the powers, designations, preferences and relative, participating, optional or other special rights of each class or Series of share capital issued by the Company and the qualifications, limitations or restrictions of such preferences and/or rights.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned assigns and transfers the shares of Series Q Preferred Stock evidenced hereby to:

___________________________________________________

(Insert assignee’s social security or taxpayer identification number, if any)

___________________________________________________

(Insert address and zip code of assignee)

and irrevocably appoints:

___________________________________________________

as agent to transfer the shares of Series Q Preferred Stock evidenced hereby on the books of the Transfer Agent. The agent may substitute another to act for him or her.

Date:

Signature:

___________________________________________________

(Sign exactly as your name appears on the other side of this Certificate)

Signature Guarantee: ___________________________________________________

CERTIFICATE OF DESIGNATIONS

6.125 % FIXED RATE / FLOATING RATE NONCUMULATIVE PREFERRED STOCK SERIES R

CITIGROUP INC.

______________________________

pursuant to Sections 103(f) and 151 of the

General Corporation Law of the State of Delaware

______________________________

Citigroup Inc., a Delaware corporation (the “Company”), hereby certifies that:

3. Pursuant to the authority conferred upon a preferred stock committee (the “Preferred Stock Committee”) by the Board of Directors, the Preferred Stock Committee, by action duly taken on November 5, 2015, adopted resolutions (i) authorizing the issuance and sale of up to 60,000 shares of the Company’s preferred stock and (ii) approving this final form of Certificate of Designations of 6.125% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series R (the “Series R Preferred Stock”) establishing the number of shares to be included in this Series R Preferred Stock and fixing the designation, powers, preferences and rights of the shares of this Series R Preferred Stock and the qualifications, limitations or restrictions thereof as follows:

Section 1. Designation.

The designation of the Series of preferred stock shall be “6.125% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series R” (the “Series R Preferred Stock”). Each share of Series R Preferred Stock shall be identical in all respects to every other share of Series R Preferred Stock.

Section 2. Number of Shares.

The number of authorized shares of Series R Preferred Stock shall be 60,000. That number from time to time may be increased (but not in excess of the total number of authorized shares of preferred stock) or decreased (but not below the number of shares of Series R Preferred Stock then outstanding) by further resolution duly adopted by the Board of Directors, the Preferred Stock Committee or any other duly authorized committee thereof and by the filing of a certificate pursuant to the provisions of the General Corporation Law of the State of Delaware stating that such increase or reduction, as the case may be, has been so authorized. The Company shall have the authority to issue fractional shares of Series R Preferred Stock.

Section 3. Definitions. As used herein with respect to Series R Preferred Stock:

“Board of Directors” has the meaning set forth in the recitals above.

“Calculation Agent” means the Transfer Agent acting in its capacity as calculation agent for the Series R Preferred Stock, and its successors and assigns.

“Depositary” means DTC or its nominee or any successor depositary appointed by the Company.

“Dividend Payment Date” shall have the meaning set forth in Section 4(a) hereof.

“Dividend Period” shall have the meaning set forth in Section 4(a) hereof.

“Dividend Record Date” shall have the meaning set forth in Section 4(a) hereof.

“DTC” means The Depository Trust Company.

“Holder” means the Person in whose name the shares of the Series R Preferred Stock are registered, which may be treated by the Company, Calculation Agent, Transfer Agent, Registrar

and paying agent as the absolute owner of the shares of Series R Preferred Stock for the purpose of making payment and for all other purposes.

“Junior Stock” means the Common Stock and any other class or Series of stock of the

Company now existing or hereafter authorized over which Series R Preferred Stock has

preference or priority in the payment of dividends or in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company.

“LIBOR Determination Date” means the second London Banking Day immediately preceding the first day of the relevant Dividend Period.

“London Banking Day” means any day on which commercial banks are open for general business (including dealings in deposits in United States dollars) in London.

“Nonpayment” shall have the meaning set forth in Section 7(b)(i) hereof.

“Person” means a legal person, including any individual, corporation, estate, partnership, joint venture, association, joint-stock company, limited liability company, trust, or other entity.

“Preferred Stock Director” shall have the meaning set forth in Section 7(b)(i) hereof.

“Preferred Stock Director Termination Date” shall have the meaning set forth in Section 7(b)(iv) hereof.

“Registrar” means the Transfer Agent acting in its capacity as registrar for the Series R Preferred Stock, and its successors and assigns.

“Regulatory Capital Event” means the good faith determination by the Company that, as a result of (i) any amendment to, clarification of, or change in, the laws or regulations of the United States or any political subdivision of or in the United States that is enacted or becomes effective after the initial issuance of any share of the Series R Preferred Stock, (ii) any proposed change in those laws or regulations that is announced or becomes effective after the initial issuance of any share of the Series R Preferred Stock, or (iii) any official administrative decision or judicial decision or administrative action or other official pronouncement interpreting or applying those laws or regulations or policies with respect thereto that is announced after the initial issuance of any share of the Series R Preferred Stock, there is more than an insubstantial risk that the Company will not be entitled to treat the full liquidation preference amount of $25,000 per share of the Series R Preferred Stock then outstanding as “tier 1 capital” (or its equivalent) for purposes of the capital adequacy guidelines of the Federal Reserve (or, as and if applicable, the capital adequacy guidelines or regulations of any successor Appropriate Federal Banking Agency) as then in effect and applicable, for so long as any share of the Series R Preferred Stock is outstanding.

administrator of LIBOR for the purpose of displaying London interbank offered rates for United States dollar deposits or loans).

“Series R Preferred Stock” shall have the meaning set forth in Section 1 hereof.

“Series R Preferred Stock Certificate” shall have the meaning set forth in Section 14(a) hereof.

“Three-month LIBOR” means the rate (expressed as a percentage per annum) for deposits in United States dollars for a three-month period commencing on the first day of a Dividend Period that appears on the Reuters LIBOR01 page as of 11:00 a.m. (London time) on the LIBOR Determination Date for that Dividend Period. If such rate does not appear on the Reuters LIBOR01 page, Three-month LIBOR will be determined on the basis of the rates at which deposits in United States dollars for a three-month period commencing on the first day of that Dividend Period and in a principal amount of not less than $1 million are offered to prime banks in the London interbank market by four major banks in the London interbank market selected by the Calculation Agent (after consultation with the Company), at approximately 11:00 a.m., London time, on the LIBOR Determination Date for that Dividend Period. The Calculation Agent will request the principal London office of each of such banks to provide a quotation of its rate. If at least two such quotations are provided, Three-month LIBOR with respect to that Dividend Period will be the arithmetic mean (rounded upward if necessary to the nearest whole multiple of 0.00001%) of such quotations. If fewer than two quotations are provided, Three-month LIBOR with respect to that Dividend Period will be the arithmetic mean (rounded upward if necessary to the nearest whole multiple of 0.00001%) of the rates quoted by three major banks in New York City selected by the Calculation Agent (after consultation with the Company), at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date for that Dividend Period for loans in United States dollars to leading European banks for a three-month period commencing on the first day of that Dividend Period and in a principal amount of not less than $1 million. However, if fewer than three banks selected by the Calculation Agent to provide quotations are quoting as described above, Three-month LIBOR for that Dividend Period will be the same Three-month LIBOR as determined for the previous Dividend Period or, in the case of the Dividend Period beginning on November 15, 2020, 0.3439%. The determination of Three-month LIBOR for each relevant Dividend Period by the Calculation Agent will (in the absence of manifest error) be final and binding.

“Trust” shall have the meaning set forth in Section 6(d).

Section 4. Dividends.

specified below in this Section 4, and no more, payable (i) semiannually in arrears on each `May 15 and November 15 (each, a “Dividend Payment Date”), beginning May 15, 2016, from and including the date of issuance to, but excluding, November 15, 2020; provided, however, if any such day is not a Business Day, then payment of any dividend otherwise payable on that date will be made on the next succeeding day that is a Business Day, without any interest or other payment in respect of such postponement, and (ii) quarterly in arrears on each February 15, May 15, August 15 and November 15, beginning February 15, 2021, from and including November 15, 2020; provided, however, if any such day is not a Business Day, then payment of any dividend otherwise payable on that date will be made on the next succeeding day that is a Business Day, except if that day falls in the next calendar month, in which case, the payment of any dividend otherwise payable will be made on the immediately preceding Business Day, with dividends accruing to the actual payment date (each such day on which dividends are payable for any Dividend Period (as defined below) after the Dividend Period to but excluding November 15, 2020, a “Dividend Payment Date”). The period from and including the date of issuance of the Series R Preferred Stock or any Dividend Payment Date to, but excluding, the next Dividend Payment Date is a “Dividend Period.” Dividends on each share of Series R Preferred Stock will accrue on the liquidation preference of $25,000 per share at a rate per annum equal to (i) 6.125%, for each Dividend Period from and including the date of issuance to, but excluding, November 15, 2020 and (ii) Three-month LIBOR plus 4.478%, for each Dividend Period from and including November 15, 2020. The record date for payment of dividends on the Series R Preferred Stock will be the record date fixed by the Board of Directors or any other duly authorized committee thereof that is not more than 30 nor less than 10 days prior to such Dividend Payment Date (each, a “Dividend Record Date”). Any such day that is a Dividend Record Date will be a Dividend Record Date whether or not such day is a Business Day. The amount of dividends payable on or prior to November 15, 2020 will be computed on the basis of a 360-day year of twelve 30-day months. The amount of dividends payable after November 15, 2020 will be computed on the basis of a 360-day year and the actual number of days elapsed.

(b) Noncumulative Dividends. If the Board of Directors or any duly authorized committee thereof does not declare a dividend on the Series R Preferred Stock for any Dividend Period prior to the related Dividend Payment Date, that dividend will not accrue, and the Company will have no obligation to pay, and Holders shall have no right to receive, a dividend for that Dividend Period on the related Dividend Payment Date or at any future time, whether or not dividends on the Series R Preferred Stock or any other Series of preferred stock or common stock are declared for any subsequent period. References herein to the “accrual” of dividends refer only to the determination of the amount of such dividend and do not imply that any right to a dividend arises prior to the date on which a dividend is declared.

(c) Priority of Dividends. So long as any share of Series R Preferred Stock remains outstanding, unless as to a Dividend Payment Date full dividends on all outstanding shares of the Series R Preferred Stock have been declared and paid or declared and a sum sufficient for the payment of those dividends has been set aside for the Dividend Period then ending, the Company will not, and will cause its subsidiaries not to, during the next succeeding Dividend Period that commences on such Dividend Payment Date, declare or pay any dividend on, make any

distributions relating to, or redeem, purchase, acquire or make a liquidation payment relating to, any Junior Stock, or make any guarantee payment with respect thereto, other than:

(iii) as a result of an exchange or conversion of any class or Series of Junior Stock for any other class or Series of Junior Stock;

(iv) the purchase of fractional interests in shares of Junior Stock pursuant to the conversion or exchange provisions of such Junior Stock or the security being converted or exchanged;

(v) the purchase of Junior Stock by an investment banking subsidiary of the Company in connection with the distribution thereof; or

Except as provided below, for so long as any share of Series R Preferred Stock remains outstanding, if dividends are not declared and paid in full upon the shares of Series R Preferred Stock and any class or Series of stock of the Company now existing or hereafter authorized that ranks equally with the Series R Preferred Stock in the payment of dividends, all dividends declared upon shares of Series R Preferred Stock and such other stock will be declared on a proportional basis so that the amount of dividends declared per share will bear to each other the same ratio that accrued dividends for the then-current Dividend Period per share of Series R Preferred Stock and accrued dividends for the then-current Dividend Period per share of such other stock (including, in the case of any such other stock that bears cumulative dividends, all accrued and unpaid dividends) bear to each other.

Section 5. Liquidation Rights.

(a) Liquidation. In the event of any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company, Holders shall be entitled, out of funds legally available therefor, before any distribution or payment may be made by the Company or set aside for the holders of any Junior Stock and subject to the rights of the holders of any class or Series of stock ranking senior to or on parity with Series R Preferred Stock upon liquidation and the rights of the Company’s depositors and other creditors, to receive in full a liquidating distribution in the amount of the liquidation preference of $25,000 per share (the “Series R Liquidation Preference”), plus any accrued dividends thereon from the last Dividend Payment Date to, but excluding, the date of the liquidation, dissolution or winding up if and to the extent declared but not yet paid. Holders shall not be entitled to any further payments in the event of any such voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company other than what is expressly provided for in this Section 5.

(b) Partial Payment. If the assets of the Company are not sufficient to pay in full the aforesaid liquidation distributions to the Holders and any liquidation distributions owed to holders of any class or Series of stock of the Company ranking equally with the Series R Preferred Stock in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company, the amounts paid to the Holders and to the holders of all such equally ranking stock shall be pro rata in accordance with the respective aggregate liquidating distributions to which they would otherwise be entitled.

Section 6. Redemption.

(a) Optional Redemption. The Company, at the option of its Board of Directors or any duly authorized committee thereof, may redeem out of funds legally available therefor, (i) in whole or in part, from time to time, the shares of Series R Preferred Stock at the time outstanding, on any Dividend Payment Date on or after November 15, 2020, or (ii) in whole but not in part at any time within 90 days following a Regulatory Capital Event, in each case at a redemption price equal to $25,000 per share plus any declared and unpaid dividends, without accumulation of any undeclared dividends, to but excluding the redemption date, upon notice given as provided in Section 6(b) below.

(b) Notice of Redemption. Notice of every redemption of shares of Series R Preferred Stock shall be mailed by first class mail, postage prepaid, addressed to the Holders of such shares

to be redeemed at their respective last addresses appearing on the stock register of the Company. Such mailing shall be at least 30 days and not more than 60 days before the date fixed for redemption. Any notice mailed as provided in this Section 6(b) shall be conclusively presumed to have been duly given, whether or not the Holder receives such notice, but failure duly to give such notice by mail, or any defect in such notice or in the mailing thereof, to any Holder of shares of Series R Preferred Stock designated for redemption shall not affect the validity of the proceedings for the redemption of any other shares of Series R Preferred Stock. Each notice shall state:

(i) the redemption date;

(ii) the total number of shares of Series R Preferred Stock to be redeemed and, if fewer than all the shares of a Holder are to be redeemed, the number of such shares to be redeemed;

(iii) the redemption price;

(iv) the place or places where the certificates for such shares are to be surrendered for payment of the redemption price, if applicable; and

(v) that dividends on the shares to be redeemed will cease to accrue on the redemption date.

Notwithstanding the foregoing, if the certificates evidencing the shares of Series R Preferred Stock are held of record by a depositary and any related depository shares are held of record by a Depositary or its nominee, the Company may give such notice in any manner permitted by the Depositary.

(c) Partial Redemption. In case of any redemption of only part of the shares of Series R Preferred Stock at the time outstanding, the shares of Series R Preferred Stock to be redeemed shall be selected (i) pro rata from the Holders in proportion to the number of shares of Series R Preferred Stock held by such Holders, (ii) by lot or (iii) in such other manner as the Board of Directors or any duly authorized committee thereof may determine, in its sole discretion, to be fair and equitable; provided, however, that if for so long as the Series R Preferred Stock or depositary shares in respect thereof are listed on the New York Stock Exchange, the foregoing clause (iii) shall apply only if such method of selection is not then prohibited by any then applicable rule of the New York Stock Exchange or the New York Stock Exchange consents to or grants a waiver or exemption from such rule. Subject to the provisions of this Section 6, the Board of Directors or any duly authorized committee thereof shall have full power and authority to prescribe the terms and conditions upon which shares of Series R Preferred Stock shall be redeemed from time to time.

or deposited by the Company with a bank or trust company selected by the Board of Directors or any duly authorized committee thereof (the “Trust”) in trust for the pro rata benefit of the Holders of the shares called for redemption, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation, on and after the redemption date all shares so called for redemption shall cease to be outstanding, all dividends with respect to such shares shall cease to accrue on such redemption date, and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the Holders thereof to receive the amount payable on such redemption from the Trust at any time after the redemption date from the funds so deposited, without interest. The Company shall be entitled to receive, from time to time, from the Trust any interest accrued on such funds, and the Holders of any shares called for redemption shall have no claim to any such interest. Any funds so deposited and unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released or repaid to the Company, and in the event of such repayment to the Company, the Holders of the shares so called for redemption shall be deemed to be unsecured creditors of the Company for an amount equivalent to the amount deposited as stated above for the redemption of such shares and so repaid to the Company, but shall in no event be entitled to any interest.

Section 7. Voting Rights.

(a) General. The Holders shall not be entitled to vote on any matter except as set forth in Section 7(b) below or as required by the Delaware General Corporation Law.

(b) Special Voting Right.

(i) Voting Right. If and whenever dividends on the Series R Preferred Stock or any other class or Series of preferred stock that ranks on parity with Series R Preferred Stock as to payment of dividends and upon which voting rights equivalent to those granted by this Section 7(b)(i) have been conferred and are exercisable (any such class or series being referred to herein as “dividend parity stock”) have not been paid in an aggregate amount equal, as to any class or series, to at least three semi-annual or six quarterly Dividend Periods, as applicable, (whether consecutive or not) (a “Nonpayment”), the authorized number of directors constituting the Board of Directors shall be increased by two, and the Holders, together with holders of dividend parity stock, shall have the right, voting separately as a single class without regard to class or series (and with voting rights allocated pro rata based on the liquidation preference of each such class or series), to the exclusion of the holders of Common Stock, to elect two directors of the Company to fill such newly created directorships (and to fill any vacancies in the terms of such directorships), provided that it shall be a qualification for election of any such director that the election of such director shall not cause the Company to violate the corporate governance requirements of the New York Stock Exchange (or other exchange on which the Company’s securities may be listed) that listed companies must have a majority of independent directors and further provided that the Board of Directors shall at no time include more than two such directors. Each such director elected by the Holders together with holders of dividend parity stock is a “Preferred Stock Director.”

(ii) Election. The election of the Preferred Stock Directors will take place at any annual meeting of stockholders or any special meeting of the Holders and any dividend parity stock, called as provided herein. At any time after the special voting power has vested pursuant to Section 7(b)(i) above, the secretary of the Company may, and upon the written request (addressed to the secretary at the Company’s principal office) of the holders of at least 20% of the voting power of the Series R Preferred Stock or the holders of at least 20% of the voting power of any Series of dividend parity stock (with such voting power measured based on the voting power to elect Preferred Stock Directors), must (unless such request is received less than 90 days before the date fixed for the next annual or special meeting of the stockholders of the Company, in which event such election shall be held at such next annual or special meeting of stockholders), call a special meeting of the holders of Series R Preferred Stock and any dividend parity stock for the purposes of electing Preferred Stock Directors. The Preferred Stock Directors shall each be entitled to one vote per director on any matter.

(iii) Notice of Special Meeting. Notice for a special meeting to elect Preferred Stock Directors will be given in a similar manner to that provided in the Company’s by-laws for a special meeting of the stockholders. If the secretary of the Company does not call a special meeting within 20 days after receipt of any such request, then any Holder may (at the expense of the Company) call such meeting, upon notice as provided in this Section 7(b)(iii), and for that purpose will have access to the stock register of the Company. The Preferred Stock Directors elected at any such special meeting and each Preferred Stock Director elected at a subsequent annual or special meeting of stockholders, will be elected for term expiring upon the earlier of the Preferred Stock Director Termination Date and the next annual meeting of stockholders following such Preferred Stock Director's election. In case any vacancy in the office of a Preferred Stock Director occurs (other than prior to the initial election of the Preferred Stock Directors), the vacancy may be filled by the Preferred Stock Director remaining in office, or if none remains in office, by a plurality of the votes cast by the holders of Series R Preferred Stock and any dividend parity stock, voting together as a single class, and the Preferred Stock Director so appointed or elected to fill such vacancy shall serve for a term expiring at the next annual meeting of the stockholders. Preferred Stock Directors may only be elected by the holders of Series R Preferred Stock and dividend parity stock in accordance with this Section 7. If the holders of Series R Preferred Stock and such dividend parity stock fail to elect a sufficient number of directors to fill all directorships for which they are entitled to elect directors pursuant to this Section 7, then any directorship not so filled shall remain vacant until such time as the holders of Series R Preferred Stock and such dividend parity stock elect a person to fill such directorship in accordance with this Section 7, or such vacancy is otherwise filled in accordance with this Section 7; and no such directorship may be filled by stockholders of the Corporation other than in accordance with this Section 7.

(iv) Termination; Removal. Whenever the Company has paid noncumulative dividends in full for at least two consecutive semi-annual or four consecutive quarterly

Dividend Periods following a Nonpayment on the Series R Preferred Stock and on any dividend parity stock entitled to noncumulative dividends and has paid cumulative dividends in full on any dividend parity stock entitled to cumulative dividends, then the right of the Holders to elect the Preferred Stock Directors will cease (but subject always to the same provisions for the vesting of the special voting rights in the case of any similar non-payment of dividends in respect of future Dividend Periods) (the time of such cessation, the “Preferred Stock Director Termination Date”). Upon a Preferred Stock Director Termination Date, the terms of office of the Preferred Stock Directors will immediately terminate, the persons then serving as Preferred Stock Directors shall immediately cease to be qualified to hold office as Preferred Stock Directors, the Preferred Stock Directors shall cease to be directors of the Company and the number of directors constituting the Board of Directors shall be automatically reduced, without any action by the Board of Directors or the stockholders of the Company, by the number of Preferred Stock Directors authorized immediately prior to such termination. Any Preferred Stock Director may be removed at any time without cause by the holders of a majority of the voting power of outstanding shares of the capital stock then entitled to vote in the election of Preferred Stock Directors, voting together as a single class (with such voting power measured based on the voting power to elect Preferred Stock Directors).

(c) Senior Issuances; Adverse Changes. So long as any shares of Series R Preferred Stock are outstanding, but subject to the final paragraph of this Section 7(c), in addition to any other vote or consent of holders of the Company’s capital stock required by Delaware law, the vote or consent of the holders of at least two-thirds of the voting power of the Series R Preferred Stock and the holders of any other preferred stock entitled to vote thereon, voting together as a single class, given in person or by proxy at an annual or special meeting of stockholders, or given in writing without a meeting, will be necessary for effecting or validating any of the following actions, whether or not such approval is required by Delaware law:

(i) any amendment, alteration or repeal of any provision of the Company’s certificate of incorporation (including the certificate of designations creating the Series R Preferred Stock) or the Company’s by-laws that would alter or change the voting powers, preferences, economic rights or special rights of the Series R Preferred Stock so as to affect them adversely;

(ii) any amendment or alteration of the Company’s certificate of incorporation to authorize or create, or increase the authorized amount of, any shares of, or any securities convertible into shares of, any class or Series of the Company's capital stock ranking prior to the Series R Preferred Stock in the payment of dividends or in the distribution of assets on any liquidation, dissolution, or winding up of the Company; or

(iii) the consummation of a binding share exchange or reclassification involving the Series R Preferred Stock or a merger or consolidation of the Company with another entity, except that holders of Series R Preferred Stock will have no right to vote under this provision or otherwise under Delaware law if in each case (i) the Series R Preferred Stock remains outstanding or, in the case of any such merger or consolidation with

respect to which the Company is not the surviving or resulting entity, is converted into or exchanged for preferred securities of the surviving or resulting entity or its ultimate parent, that is an entity organized and existing under the laws of the United States of America, any state thereof or the District of Columbia and that is a corporation for U.S. federal income tax purposes (or if such entity is not a corporation, the Company having received an opinion of nationally recognized counsel experienced in such matters to the effect that Holders will be subject to tax for U.S. federal income tax purposes with respect to such new preferred securities after such merger or consolidation in the same amount, at the same time and otherwise in the same manner as would have been the case under the Series R Preferred Stock prior to such merger or consolidation), and (ii) such Series R Preferred Stock remaining outstanding or such preferred securities, as the case may be, have such rights, preferences, privileges and voting powers, taken as a whole, as are not materially less favorable to the holders thereof than the rights, preferences, privileges and voting powers of the Series R Preferred Stock, taken as a whole;

provided, however, that, for the avoidance of doubt, any increase in the amount of the authorized or issued Series R Preferred Stock or authorized preferred stock or any securities convertible into preferred stock or the creation and issuance, or an increase in the authorized or issued amount, of other Series of preferred stock or any securities convertible into preferred stock ranking equally with and/or junior to the Series R Preferred Stock with respect to the payment of dividends (whether such dividends are cumulative or noncumulative) and/or the distribution of assets upon the Company’s liquidation, dissolution or winding up will not be deemed to adversely affect the voting powers, preferences or special rights of the Series R Preferred Stock, and no stockholder will have the right to vote on such an increase, creation or issuance by reason of this Section 7.

If any amendment, alteration, repeal, share exchange, reclassification, merger or consolidation specified in this Section 7(c) would adversely affect the Series R Preferred Stock but not all Series of preferred stock of the Company, then only such Series of preferred stock as are adversely affected by and entitled to vote on the matter shall vote on the matter together with the Series R Preferred Stock as a single class (in lieu of all other Series of preferred stock) for purposes of the vote or consent required by this Section 7(c).

(d) No Vote if Redemption. No vote or consent of the Holders shall be required pursuant to Section 7(b) or 7(c) if, at or prior to the time when the act with respect to such vote or consent would otherwise be required shall be effected, the Company shall have redeemed or shall have called for redemption all outstanding shares of Series R Preferred Stock, with proper notice and sufficient funds having been set aside for such redemption, in each case pursuant to Section 6 above.

Section 8. Preemption and Conversion Rights.

The Holders shall not have any preemptive rights or conversion rights as a result of the terms hereof.

Section 9. Rank.

For the avoidance of doubt, the Board of Directors or any duly authorized committee thereof may, without the vote of the Holders, authorize and issue additional shares of Junior Stock or shares of any class or Series of stock of the Company now existing or hereafter authorized that ranks equally with the Series R Preferred Stock in the payment of dividends or in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company.

Section 10. Reacquired Shares.

The Board of Directors shall take such actions as are necessary to cause the shares of Series R Preferred Stock which have been redeemed or otherwise purchased or acquired by the Company to be retired and restored to the status of authorized but unissued shares of preferred stock without designation as to series.

Section 11. No Sinking Fund.

Shares of Series R Preferred Stock are not subject to the operation of a sinking fund.

Section 12. Transfer Agent, Calculation Agent, Registrar and Paying Agent.

The duly appointed Transfer Agent, Calculation Agent, Registrar and paying agent for the Series R Preferred Stock shall be Computershare Trust Company, N.A. The Company may, in its sole discretion, remove the Transfer Agent in accordance with the agreement between the Company and the Transfer Agent; provided, however, that the Company shall appoint a successor transfer agent who shall accept such appointment prior to the effectiveness of such removal. Upon any such removal or appointment, the Company shall send notice thereof by first-class mail, postage prepaid, to the Holders.

Section 13. Replacement Certificates for Mutilated, Destroyed, Stolen and Lost Certificates.

Section 14. Form.

(a) Series R Preferred Stock Certificates. Series R Preferred Stock shall be issued in certificated form in substantially the form attached hereto as Exhibit A (each, a “Series R Preferred Stock Certificate”). Exhibit A is hereby incorporated in and expressly made a part of this Certificate of Designations. The Series R Preferred Stock Certificates may have notations, legends or endorsements required by law, stock exchange rules, agreements to which the Company is subject, if any, or usage (provided that any such notation, legend or endorsement is in a form acceptable to the Company).

(b) Signature. Two Officers shall sign any Series R Preferred Stock Certificate for the Company, in accordance with the Company’s by-laws and applicable law, by manual or facsimile signature. If an Officer whose signature is on a Series R Preferred Stock Certificate no longer holds that office at the time the Transfer Agent countersigned the Series R Preferred Stock Certificate, such Series R Preferred Stock Certificate shall be valid nevertheless. A Series R Preferred Stock Certificate shall not be valid until an authorized signatory of the Transfer Agent manually countersigns such Series R Preferred Stock Certificate. Each Series R Preferred Stock Certificate shall be dated the date of its countersignature.

Section 15. Taxes.

(a) Transfer Taxes. The Company shall pay any and all stock transfer, documentary, stamp and similar taxes that may be payable in respect of any issuance or delivery of shares of Series R Preferred Stock. The Company shall not, however, be required to pay any such tax that may be payable in respect of any transfer involved in the issuance or delivery of shares of Series R Preferred Stock, in a name other than that in which the shares of Series R Preferred Stock were registered, or in respect of any payment to any Person other than a payment to the registered holder thereof, and shall not be required to make any such issuance, delivery or payment unless and until the Person otherwise entitled to such issuance, delivery or payment has paid to the Company the amount of any such tax or has established, to the satisfaction of the Company, that such tax has been paid or is not payable.

(b) Withholding. All payments and distributions (or deemed distributions) on the shares of Series R Preferred Stock shall be subject to withholding and backup withholding of tax to the extent required by law, subject to applicable exemptions, and amounts withheld, if any, shall be treated as received by Holders.

Section 16. Notices.

Section 17. Other Rights Disclaimed.

The shares of Series R Preferred Stock have no voting powers, preferences or relative, participating, optional or other special rights, or qualifications, limitations or restrictions thereof, other than as set forth herein or in the Certificate of Incorporation of the Company.

IN WITNESS WHEREOF, this Certificate of Designations has been executed on behalf of the Company by its Chief Accounting Officer this 12th day of November, 2015.

CITIGROUP INC.

By: /s/ Jeffrey R. Walsh

Name: Jeffrey R. Walsh

Title: Chief Accounting Officer

Exhibit A

FORM OF

6.125 % FIXED RATE / FLOATING RATE NONCUMULATIVE PREFERRED STOCK, SERIES R

Certificate Number_______ Number of Shares of Series R Preferred Stock______

CUSIP NO.:

CITIGROUP INC.

6.125% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series R

(par value $1.00 per share)

(liquidation preference $25,000 per share)

Citigroup Inc., a Delaware corporation (the “Company”), hereby certifies that [ ] (the “Holder”) is the registered owner of [ ] fully paid and non-assessable shares of the Company’s designated 6.125% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series R, with a par value of $1.00 per share and a liquidation preference of $25,000 per share (the “Series R Preferred Stock”). The shares of Series R Preferred Stock are transferable on the books and records of the Registrar, in person or by a duly authorized attorney, upon surrender of this certificate duly endorsed and in proper form for transfer. The designations, rights, privileges, restrictions, preferences and other terms and provisions of the Series R Preferred Stock represented hereby are and shall in all respects be subject to the provisions of the Certificate of Designations dated November 12, 2015 as the same may be amended from time to time (the “Certificate of Designations”). Capitalized terms used herein but not defined shall have the meaning given them in the Certificate of Designations. The Company will provide a copy of the Certificate of Designations to a Holder without charge upon written request to the Company at its principal place of business.

Reference is hereby made to select provisions of the Series R Preferred Stock set forth on the reverse hereof, and to the Certificate of Designations, which select provisions and the Certificate of Designations shall for all purposes have the same effect as if set forth at this place.

Upon receipt of this certificate, the Holder is bound by the Certificate of Designations and is entitled to the benefits thereunder.

Unless the Registrar has properly countersigned, these shares of Series R Preferred Stock shall not be entitled to any benefit under the Certificate of Designations or be valid or obligatory for any purpose.

IN WITNESS WHEREOF, this certificate has been executed on behalf of the Company by its [Title] and by its [Title] this __ day of ________, ________.

CITIGROUP INC.

By: _______________________________________

Name:

Title:

By: _______________________________________

Name:

Title:

REGISTRAR’S COUNTERSIGNATURE

These are shares of Series R Preferred Stock referred to in the within-mentioned Certificate of Designations.

Dated:

COMPUTERSHARE TRUST COMPANY, N.A., as Registrar

By: _______________________________________

Name:

Title:

REVERSE OF CERTIFICATE

Dividends on each share of Series R Preferred Stock shall be payable at the rate provided in the Certificate of Designations.

The shares of Series R Preferred Stock shall be redeemable at the option of the Company in the manner and in accordance with the terms set forth in the Certificate of Designations.

The Company shall furnish without charge to each holder who so requests the powers, designations, preferences and relative, participating, optional or other special rights of each class or Series of share capital issued by the Company and the qualifications, limitations or restrictions of such preferences and/or rights.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned assigns and transfers the shares of Series R Preferred Stock evidenced hereby to:

___________________________________________________

(Insert assignee’s social security or taxpayer identification number, if any)

___________________________________________________

(Insert address and zip code of assignee)

and irrevocably appoints:

___________________________________________________

as agent to transfer the shares of Series R Preferred Stock evidenced hereby on the books of the Transfer Agent. The agent may substitute another to act for him or her.

Date:

Signature:

___________________________________________________

(Sign exactly as your name appears on the other side of this Certificate)

Signature Guarantee: ___________________________________________________

CERTIFICATE OF DESIGNATIONS

6.300% NONCUMULATIVE PREFERRED STOCK SERIES S

CITIGROUP INC.

______________________________

pursuant to Section 151 of the

General Corporation Law of the State of Delaware

______________________________

Citigroup Inc., a Delaware corporation (the “Company”), hereby certifies that:

3. Pursuant to the authority conferred upon a preferred stock committee (the “Preferred Stock Committee”) by the Board of Directors, the Preferred Stock Committee, by action duly taken on January 26, 2016, adopted resolutions (i) authorizing the issuance and sale of up to 41,400 shares of the Company’s preferred stock and (ii) approving this final form of Certificate of Designations of 6.300% Noncumulative Preferred Stock, Series S (the “Series S Preferred Stock”) establishing the number of shares to be included in this Series S Preferred Stock and fixing the designation, powers, preferences and rights of the shares of this Series S Preferred Stock and the qualifications, limitations or restrictions thereof as follows:

Section 1. Designation.

The designation of the Series of preferred stock shall be “6.300% Noncumulative Preferred Stock, Series S” (the “Series S Preferred Stock”). Each share of Series S Preferred Stock shall be identical in all respects to every other share of Series S Preferred Stock.

Section 2. Number of Shares.

The number of authorized shares of Series S Preferred Stock shall be 41,400. That number from time to time may be increased (but not in excess of the total number of authorized shares of preferred stock) or decreased (but not below the number of shares of Series S Preferred Stock then outstanding) by further resolution duly adopted by the Board of Directors, the Preferred Stock Committee or any other duly authorized committee thereof and by the filing of a certificate pursuant to the provisions of the General Corporation Law of the State of Delaware stating that such increase or reduction, as the case may be, has been so authorized. The Company shall have the authority to issue fractional shares of Series S Preferred Stock.

Section 3. Definitions. As used herein with respect to Series S Preferred Stock:

“Board of Directors” has the meaning set forth in the recitals above.

“Calculation Agent” means the Transfer Agent acting in its capacity as calculation agent for the Series S Preferred Stock, and its successors and assigns.

“Depositary” means DTC or its nominee or any successor depositary appointed by the Company.

“Dividend Payment Date” shall have the meaning set forth in Section 4(a) hereof.

“Dividend Period” shall have the meaning set forth in Section 4(a) hereof.

“Dividend Record Date” shall have the meaning set forth in Section 4(a) hereof.

“DTC” means The Depository Trust Company.

“Holder” means the Person in whose name the shares of the Series S Preferred Stock are registered, which may be treated by the Company, Calculation Agent, Transfer Agent, Registrar

and paying agent as the absolute owner of the shares of Series S Preferred Stock for the purpose of making payment and for all other purposes.

“Junior Stock” means the Common Stock and any other class or Series of stock of the

Company now existing or hereafter authorized over which Series S Preferred Stock has

preference or priority in the payment of dividends or in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company.

“Nonpayment” shall have the meaning set forth in Section 7(b)(i) hereof.

“Person” means a legal person, including any individual, corporation, estate, partnership, joint venture, association, joint-stock company, limited liability company, trust, or other entity.

“Preferred Stock Director” shall have the meaning set forth in Section 7(b)(i) hereof.

“Preferred Stock Director Termination Date” shall have the meaning set forth in Section 7(b)(iv) hereof.

“Registrar” means the Transfer Agent acting in its capacity as registrar for the Series S Preferred Stock, and its successors and assigns.

“Regulatory Capital Event” means the good faith determination by the Company that, as a result of (i) any amendment to, clarification of, or change in, the laws or regulations of the United States or any political subdivision of or in the United States that is enacted or becomes effective after the initial issuance of any share of the Series S Preferred Stock, (ii) any proposed change in those laws or regulations that is announced or becomes effective after the initial issuance of any share of the Series S Preferred Stock, or (iii) any official administrative decision or judicial decision or administrative action or other official pronouncement interpreting or applying those laws or regulations or policies with respect thereto that is announced after the initial issuance of any share of the Series S Preferred Stock, there is more than an insubstantial risk that the Company will not be entitled to treat the full liquidation preference amount of $25,000 per share of the Series S Preferred Stock then outstanding as “tier 1 capital” (or its equivalent) for purposes of the capital adequacy guidelines of the Federal Reserve (or, as and if applicable, the capital adequacy guidelines or regulations of any successor Appropriate Federal Banking Agency) as then in effect and applicable, for so long as any share of the Series S Preferred Stock is outstanding.

“Series S Liquidation Preference” shall have the meaning set forth in Section 5(a) hereof.

“Series S Preferred Stock” shall have the meaning set forth in Section 1 hereof.

“Series S Preferred Stock Certificate” shall have the meaning set forth in Section 14(a) hereof.

“Trust” shall have the meaning set forth in Section 6(d).

Section 4. Dividends.

(b) Noncumulative Dividends. If the Board of Directors or any duly authorized committee thereof does not declare a dividend on the Series S Preferred Stock for any Dividend Period prior to the related Dividend Payment Date, that dividend will not accrue, and the Company will have no obligation to pay, and Holders shall have no right to receive, a dividend for that Dividend Period on the related Dividend Payment Date or at any future time, whether or not dividends on the Series S Preferred Stock or any other Series of preferred stock or common stock are declared for any subsequent period. References herein to the “accrual” of dividends refer only to the determination of the amount of such dividend and do not imply that any right to a dividend arises prior to the date on which a dividend is declared.

(c) Priority of Dividends. So long as any share of Series S Preferred Stock remains outstanding, unless as to a Dividend Payment Date full dividends on all outstanding shares of the Series S Preferred Stock have been declared and paid or declared and a sum sufficient for the payment of those dividends has been set aside for the Dividend Period then ending, the Company will not, and will cause its subsidiaries not to, during the next succeeding Dividend Period that commences on such Dividend Payment Date, declare or pay any dividend on, make any

distributions relating to, or redeem, purchase, acquire or make a liquidation payment relating to, any Junior Stock, or make any guarantee payment with respect thereto, other than:

(iii) as a result of an exchange or conversion of any class or Series of Junior Stock for any other class or Series of Junior Stock;

(iv) the purchase of fractional interests in shares of Junior Stock pursuant to the conversion or exchange provisions of such Junior Stock or the security being converted or exchanged;

(v) the purchase of Junior Stock by an investment banking subsidiary of the Company in connection with the distribution thereof; or

Except as provided below, for so long as any share of Series S Preferred Stock remains outstanding, if dividends are not declared and paid in full upon the shares of Series S Preferred Stock and any class or Series of stock of the Company now existing or hereafter authorized that ranks equally with the Series S Preferred Stock in the payment of dividends, all dividends declared upon shares of Series S Preferred Stock and such other stock will be declared on a proportional basis so that the amount of dividends declared per share will bear to each other the same ratio that accrued dividends for the then-current Dividend Period per share of Series S Preferred Stock and accrued dividends for the then-current Dividend Period per share of such other stock (including, in the case of any such other stock that bears cumulative dividends, all accrued and unpaid dividends) bear to each other.

Section 5. Liquidation Rights.

(a) Liquidation. In the event of any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company, Holders shall be entitled, out of funds legally available therefor, before any distribution or payment may be made by the Company or set aside for the holders of any Junior Stock and subject to the rights of the holders of any class or Series of stock ranking senior to or on parity with Series S Preferred Stock upon liquidation and the rights of the Company’s depositors and other creditors, to receive in full a liquidating distribution in the amount of the liquidation preference of $25,000 per share (the “Series S Liquidation Preference”), plus any accrued dividends thereon from the last Dividend Payment Date to, but excluding, the date of the liquidation, dissolution or winding up if and to the extent declared but not yet paid. Holders shall not be entitled to any further payments in the event of any such voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company other than what is expressly provided for in this Section 5.

(b) Partial Payment. If the assets of the Company are not sufficient to pay in full the aforesaid liquidation distributions to the Holders and any liquidation distributions owed to holders of any class or Series of stock of the Company ranking equally with the Series S Preferred Stock in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company, the amounts paid to the Holders and to the holders of all such equally ranking stock shall be pro rata in accordance with the respective aggregate liquidating distributions to which they would otherwise be entitled.

Section 6. Redemption.

(a) Optional Redemption. The Company, at the option of its Board of Directors or any duly authorized committee thereof, may redeem out of funds legally available therefor, (i) in whole or in part, from time to time, the shares of Series S Preferred Stock at the time outstanding, on any Dividend Payment Date on or after February 12, 2021, or (ii) in whole but not in part at any time within 90 days following a Regulatory Capital Event, in each case at a redemption price equal to $25,000 per share plus any declared and unpaid dividends, without accumulation of any undeclared dividends, to, but excluding, the redemption date, upon notice given as provided in Section 6(b) below.

(b) Notice of Redemption. Notice of every redemption of shares of Series S Preferred Stock shall be mailed by first class mail, postage prepaid, addressed to the Holders of such shares

to be redeemed at their respective last addresses appearing on the stock register of the Company. Such mailing shall be at least 30 days and not more than 60 days before the date fixed for redemption. Any notice mailed as provided in this Section 6(b) shall be conclusively presumed to have been duly given, whether or not the Holder receives such notice, but failure duly to give such notice by mail, or any defect in such notice or in the mailing thereof, to any Holder of shares of Series S Preferred Stock designated for redemption shall not affect the validity of the proceedings for the redemption of any other shares of Series S Preferred Stock. Each notice shall state:

(i) the redemption date;

(ii) the total number of shares of Series S Preferred Stock to be redeemed and, if fewer than all the shares of a Holder are to be redeemed, the number of such shares to be redeemed;

(iii) the redemption price;

(iv) the place or places where the certificates for such shares are to be surrendered for payment of the redemption price, if applicable; and

(v) that dividends on the shares to be redeemed will cease to accrue on the redemption date.

Notwithstanding the foregoing, if the certificates evidencing the shares of Series S Preferred Stock are held of record by a depositary and any related depository shares are held of record by a Depositary or its nominee, the Company may give such notice in any manner permitted by the Depositary.

(c) Partial Redemption. In case of any redemption of only part of the shares of Series S Preferred Stock at the time outstanding, the shares of Series S Preferred Stock to be redeemed shall be selected (i) pro rata from the Holders in proportion to the number of shares of Series S Preferred Stock held by such Holders, (ii) by lot or (iii) in such other manner as the Board of Directors or any duly authorized committee thereof may determine, in its sole discretion, to be fair and equitable; provided, however, that if for so long as the Series S Preferred Stock or depositary shares in respect thereof are listed on the New York Stock Exchange, the foregoing clause (iii) shall apply only if such method of selection is not then prohibited by any then applicable rule of the New York Stock Exchange or the New York Stock Exchange consents to or grants a waiver or exemption from such rule. Subject to the provisions of this Section 6, the Board of Directors or any duly authorized committee thereof shall have full power and authority to prescribe the terms and conditions upon which shares of Series S Preferred Stock shall be redeemed from time to time.

Section 7. Voting Rights.

(a) General. The Holders shall not be entitled to vote on any matter except as set forth in Section 7(b) below or as required by the Delaware General Corporation Law.

(b) Special Voting Right.

(i) Voting Right. If and whenever dividends on the Series S Preferred Stock or any other class or Series of preferred stock that ranks on parity with Series S Preferred Stock as to payment of dividends and upon which voting rights equivalent to those granted by this Section 7(b)(i) have been conferred and are exercisable (any such class or series being referred to herein as “dividend parity stock”) have not been paid in an aggregate amount equal, as to any class or series, to at least three semi-annual or six quarterly Dividend Periods, as applicable, (whether consecutive or not) (a “Nonpayment”), the authorized number of directors constituting the Board of Directors shall be increased by two, and the Holders, together with holders of dividend parity stock, shall have the right, voting separately as a single class without regard to class or series (and with voting rights allocated pro rata based on the liquidation preference of each such class or series), to the exclusion of the holders of Common Stock, to elect two directors of the Company to fill such newly created directorships (and to fill any vacancies in the terms of such directorships), provided that it shall be a qualification for election of any such director that the election of such director shall not cause the Company to violate the corporate governance requirements of the New York Stock Exchange (or other exchange on which the Company’s securities may be listed) that listed companies must have a majority of independent directors and further provided that the Board of Directors shall at no time include more than two such directors. Each such director elected by the Holders together with holders of dividend parity stock is a “Preferred Stock Director.”

(ii) Election. The election of the Preferred Stock Directors will take place at any annual meeting of stockholders or any special meeting of the Holders and any dividend parity stock, called as provided herein. At any time after the special voting power has vested pursuant to Section 7(b)(i) above, the secretary of the Company may, and upon the written request (addressed to the secretary at the Company’s principal office) of the holders of at least 20% of the voting power of the Series S Preferred Stock or the holders of at least 20% of the voting power of any Series of dividend parity stock (with such voting power measured based on the voting power to elect Preferred Stock Directors), must (unless such request is received less than 90 days before the date fixed for the next annual or special meeting of the stockholders of the Company, in which event such election shall be held at such next annual or special meeting of stockholders), call a special meeting of the holders of Series S Preferred Stock and any dividend parity stock for the purposes of electing Preferred Stock Directors. The Preferred Stock Directors shall each be entitled to one vote per director on any matter.

(iii) Notice of Special Meeting. Notice for a special meeting to elect Preferred Stock Directors will be given in a similar manner to that provided in the Company’s by-laws for a special meeting of the stockholders. If the secretary of the Company does not call a special meeting within 20 days after receipt of any such request, then any Holder may (at the expense of the Company) call such meeting, upon notice as provided in this Section 7(b)(iii), and for that purpose will have access to the stock register of the Company. The Preferred Stock Directors elected at any such special meeting and each Preferred Stock Director elected at a subsequent annual or special meeting of stockholders, will be elected for term expiring upon the earlier of the Preferred Stock Director Termination Date and the next annual meeting of stockholders following such Preferred Stock Director's election. In case any vacancy in the office of a Preferred Stock Director occurs (other than prior to the initial election of the Preferred Stock Directors), the vacancy may be filled by the Preferred Stock Director remaining in office, or if none remains in office, by a plurality of the votes cast by the holders of Series S Preferred Stock and any dividend parity stock, voting together as a single class, and the Preferred Stock Director so appointed or elected to fill such vacancy shall serve for a term expiring at the next annual meeting of the stockholders. Preferred Stock Directors may only be elected by the holders of Series S Preferred Stock and dividend parity stock in accordance with this Section 7. If the holders of Series S Preferred Stock and such dividend parity stock fail to elect a sufficient number of directors to fill all directorships for which they are entitled to elect directors pursuant to this Section 7, then any directorship not so filled shall remain vacant until such time as the holders of Series S Preferred Stock and such dividend parity stock elect a person to fill such directorship in accordance with this Section 7, or such vacancy is otherwise filled in accordance with this Section 7; and no such directorship may be filled by stockholders of the Corporation other than in accordance with this Section 7.

(iv) Termination; Removal. Whenever the Company has paid noncumulative dividends in full for at least two consecutive semi-annual or four consecutive quarterly

Dividend Periods following a Nonpayment on the Series S Preferred Stock and on any dividend parity stock entitled to noncumulative dividends and has paid cumulative dividends in full on any dividend parity stock entitled to cumulative dividends, then the right of the Holders to elect the Preferred Stock Directors will cease (but subject always to the same provisions for the vesting of the special voting rights in the case of any similar non-payment of dividends in respect of future Dividend Periods) (the time of such cessation, the “Preferred Stock Director Termination Date”). Upon a Preferred Stock Director Termination Date, the terms of office of the Preferred Stock Directors will immediately terminate, the persons then serving as Preferred Stock Directors shall immediately cease to be qualified to hold office as Preferred Stock Directors, the Preferred Stock Directors shall cease to be directors of the Company and the number of directors constituting the Board of Directors shall be automatically reduced, without any action by the Board of Directors or the stockholders of the Company, by the number of Preferred Stock Directors authorized immediately prior to such termination. Any Preferred Stock Director may be removed at any time without cause by the holders of a majority of the voting power of outstanding shares of the capital stock then entitled to vote in the election of Preferred Stock Directors, voting together as a single class (with such voting power measured based on the voting power to elect Preferred Stock Directors).

(c) Senior Issuances; Adverse Changes. So long as any shares of Series S Preferred Stock are outstanding, but subject to the final paragraph of this Section 7(c), in addition to any other vote or consent of holders of the Company’s capital stock required by Delaware law, the vote or consent of the holders of at least two-thirds of the voting power of the Series S Preferred Stock and the holders of any other preferred stock entitled to vote thereon, voting together as a single class, given in person or by proxy at an annual or special meeting of stockholders, or given in writing without a meeting, will be necessary for effecting or validating any of the following actions, whether or not such approval is required by Delaware law:

(i) any amendment, alteration or repeal of any provision of the Company’s certificate of incorporation (including the certificate of designations creating the Series S Preferred Stock) or the Company’s by-laws that would alter or change the voting powers, preferences, economic rights or special rights of the Series S Preferred Stock so as to affect them adversely;

(ii) any amendment or alteration of the Company’s certificate of incorporation to authorize or create, or increase the authorized amount of, any shares of, or any securities convertible into shares of, any class or Series of the Company's capital stock ranking prior to the Series S Preferred Stock in the payment of dividends or in the distribution of assets on any liquidation, dissolution, or winding up of the Company; or

(iii) the consummation of a binding share exchange or reclassification involving the Series S Preferred Stock or a merger or consolidation of the Company with another entity, except that holders of Series S Preferred Stock will have no right to vote under this provision or otherwise under Delaware law if in each case (i) the Series S Preferred Stock remains outstanding or, in the case of any such merger or consolidation with respect to

which the Company is not the surviving or resulting entity, is converted into or exchanged for preferred securities of the surviving or resulting entity or its ultimate parent, that is an entity organized and existing under the laws of the United States of America, any state thereof or the District of Columbia and that is a corporation for U.S. federal income tax purposes (or if such entity is not a corporation, the Company having received an opinion of nationally recognized counsel experienced in such matters to the effect that Holders will be subject to tax for U.S. federal income tax purposes with respect to such new preferred securities after such merger or consolidation in the same amount, at the same time and otherwise in the same manner as would have been the case under the Series S Preferred Stock prior to such merger or consolidation), and (ii) such Series S Preferred Stock remaining outstanding or such preferred securities, as the case may be, have such rights, preferences, privileges and voting powers, taken as a whole, as are not materially less favorable to the holders thereof than the rights, preferences, privileges and voting powers of the Series S Preferred Stock, taken as a whole;

provided, however, that, for the avoidance of doubt, any increase in the amount of the authorized or issued Series S Preferred Stock or authorized preferred stock or any securities convertible into preferred stock or the creation and issuance, or an increase in the authorized or issued amount, of other Series of preferred stock or any securities convertible into preferred stock ranking equally with and/or junior to the Series S Preferred Stock with respect to the payment of dividends (whether such dividends are cumulative or noncumulative) and/or the distribution of assets upon the Company’s liquidation, dissolution or winding up will not be deemed to adversely affect the voting powers, preferences or special rights of the Series S Preferred Stock, and no stockholder will have the right to vote on such an increase, creation or issuance by reason of this Section 7.

If any amendment, alteration, repeal, share exchange, reclassification, merger or consolidation specified in this Section 7(c) would adversely affect the Series S Preferred Stock but not all Series of preferred stock of the Company, then only such Series of preferred stock as are adversely affected by and entitled to vote on the matter shall vote on the matter together with the Series S Preferred Stock as a single class (in lieu of all other Series of preferred stock) for purposes of the vote or consent required by this Section 7(c).

(d) No Vote if Redemption. No vote or consent of the Holders shall be required pursuant to Section 7(b) or 7(c) if, at or prior to the time when the act with respect to such vote or consent would otherwise be required shall be effected, the Company shall have redeemed or shall have called for redemption all outstanding shares of Series S Preferred Stock, with proper notice and sufficient funds having been set aside for such redemption, in each case pursuant to Section 6 above.

Section 8. Preemption and Conversion Rights.

The Holders shall not have any preemptive rights or conversion rights as a result of the terms hereof.

Section 9. Rank.

For the avoidance of doubt, the Board of Directors or any duly authorized committee thereof may, without the vote of the Holders, authorize and issue additional shares of Junior Stock or shares of any class or Series of stock of the Company now existing or hereafter authorized that ranks equally with the Series S Preferred Stock in the payment of dividends or in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company.

Section 10. Reacquired Shares.

The Board of Directors shall take such actions as are necessary to cause the shares of Series S Preferred Stock which have been redeemed or otherwise purchased or acquired by the Company to be retired and restored to the status of authorized but unissued shares of preferred stock without designation as to series.

Section 11. No Sinking Fund.

Shares of Series S Preferred Stock are not subject to the operation of a sinking fund.

Section 12. Transfer Agent, Calculation Agent, Registrar and Paying Agent.

The duly appointed Transfer Agent, Calculation Agent, Registrar and paying agent for the Series S Preferred Stock shall be Computershare Trust Company, N.A. The Company may, in its sole discretion, remove the Transfer Agent in accordance with the agreement between the Company and the Transfer Agent; provided, however, that the Company shall appoint a successor transfer agent who shall accept such appointment prior to the effectiveness of such removal. Upon any such removal or appointment, the Company shall send notice thereof by first-class mail, postage prepaid, to the Holders.

Section 13. Replacement Certificates for Mutilated, Destroyed, Stolen and Lost Certificates.

Section 14. Form.

(a) Series S Preferred Stock Certificates. Series S Preferred Stock shall be issued in certificated form in substantially the form attached hereto as Exhibit A (each, a “Series S Preferred Stock Certificate”). Exhibit A is hereby incorporated in and expressly made a part of this Certificate of Designations. The Series S Preferred Stock Certificates may have notations, legends or endorsements required by law, stock exchange rules, agreements to which the Company is subject, if any, or usage (provided that any such notation, legend or endorsement is in a form acceptable to the Company).

(b) Signature. Two Officers shall sign any Series S Preferred Stock Certificate for the Company, in accordance with the Company’s by-laws and applicable law, by manual or facsimile signature. If an Officer whose signature is on a Series S Preferred Stock Certificate no longer holds that office at the time the Transfer Agent countersigned the Series S Preferred Stock Certificate, such Series S Preferred Stock Certificate shall be valid nevertheless. A Series S Preferred Stock Certificate shall not be valid until an authorized signatory of the Transfer Agent manually countersigns such Series S Preferred Stock Certificate. Each Series S Preferred Stock Certificate shall be dated the date of its countersignature.

Section 15. Taxes.

(a) Transfer Taxes. The Company shall pay any and all stock transfer, documentary, stamp and similar taxes that may be payable in respect of any issuance or delivery of shares of Series S Preferred Stock. The Company shall not, however, be required to pay any such tax that may be payable in respect of any transfer involved in the issuance or delivery of shares of Series S Preferred Stock, in a name other than that in which the shares of Series S Preferred Stock were registered, or in respect of any payment to any Person other than a payment to the registered holder thereof, and shall not be required to make any such issuance, delivery or payment unless and until the Person otherwise entitled to such issuance, delivery or payment has paid to the Company the amount of any such tax or has established, to the satisfaction of the Company, that such tax has been paid or is not payable.

(b) Withholding. All payments and distributions (or deemed distributions) on the shares of Series S Preferred Stock shall be subject to withholding and backup withholding of tax to the extent required by law, subject to applicable exemptions, and amounts withheld, if any, shall be treated as received by Holders.

Section 16. Notices.

Section 17. Other Rights Disclaimed.

The shares of Series S Preferred Stock have no voting powers, preferences or relative, participating, optional or other special rights, or qualifications, limitations or restrictions thereof, other than as set forth herein or in the Certificate of Incorporation of the Company.

IN WITNESS WHEREOF, this Certificate of Designations has been executed on behalf of the Company by its Chief Accounting Officer this 1st day of February, 2016.

CITIGROUP INC.

By: /s/ Jeffrey R. Walsh

Name: Jeffrey R. Walsh

Title: Chief Accounting Officer

Exhibit A

FORM OF

6.300% NONCUMULATIVE PREFERRED STOCK, SERIES S

Certificate Number_______ Number of Shares of Series S Preferred Stock______

CUSIP NO.:

CITIGROUP INC.

6.300% Noncumulative Preferred Stock, Series S

(par value $1.00 per share)

(liquidation preference $25,000 per share)

Citigroup Inc., a Delaware corporation (the “Company”), hereby certifies that [ ] (the “Holder”) is the registered owner of [ ] fully paid and non-assessable shares of the Company’s designated 6.300% Noncumulative Preferred Stock, Series S, with a par value of $1.00 per share and a liquidation preference of $25,000 per share (the “Series S Preferred Stock”). The shares of Series S Preferred Stock are transferable on the books and records of the Registrar, in person or by a duly authorized attorney, upon surrender of this certificate duly endorsed and in proper form for transfer. The designations, rights, privileges, restrictions, preferences and other terms and provisions of the Series S Preferred Stock represented hereby are and shall in all respects be subject to the provisions of the Certificate of Designations dated February 1, 2016 as the same may be amended from time to time (the “Certificate of Designations”). Capitalized terms used herein but not defined shall have the meaning given them in the Certificate of Designations. The Company will provide a copy of the Certificate of Designations to a Holder without charge upon written request to the Company at its principal place of business.

Reference is hereby made to select provisions of the Series S Preferred Stock set forth on the reverse hereof, and to the Certificate of Designations, which select provisions and the Certificate of Designations shall for all purposes have the same effect as if set forth at this place.

Upon receipt of this certificate, the Holder is bound by the Certificate of Designations and is entitled to the benefits thereunder.

Unless the Registrar has properly countersigned, these shares of Series S Preferred Stock shall not be entitled to any benefit under the Certificate of Designations or be valid or obligatory for any purpose.

IN WITNESS WHEREOF, this certificate has been executed on behalf of the Company by its [Title] and by its [Title] this __ day of ________, ________.

CITIGROUP INC.

By: _______________________________________

Name:

Title:

By: _______________________________________

Name:

Title:

REGISTRAR’S COUNTERSIGNATURE

These are shares of Series S Preferred Stock referred to in the within-mentioned Certificate of Designations.

Dated:

COMPUTERSHARE TRUST COMPANY, N.A., as Registrar

By: _______________________________________

Name:

Title:

REVERSE OF CERTIFICATE

Dividends on each share of Series S Preferred Stock shall be payable at the rate provided in the Certificate of Designations.

The shares of Series S Preferred Stock shall be redeemable at the option of the Company in the manner and in accordance with the terms set forth in the Certificate of Designations.

The Company shall furnish without charge to each holder who so requests the powers, designations, preferences and relative, participating, optional or other special rights of each class or Series of share capital issued by the Company and the qualifications, limitations or restrictions of such preferences and/or rights.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned assigns and transfers the shares of Series S Preferred Stock evidenced hereby to:

___________________________________________________

(Insert assignee’s social security or taxpayer identification number, if any)

___________________________________________________

(Insert address and zip code of assignee)

and irrevocably appoints:

___________________________________________________

as agent to transfer the shares of Series S Preferred Stock evidenced hereby on the books of the Transfer Agent. The agent may substitute another to act for him or her.

Date:

Signature:

___________________________________________________

(Sign exactly as your name appears on the other side of this Certificate)

Signature Guarantee: ___________________________________________________

CERTIFICATE OF DESIGNATIONS

6.250% FIXED RATE / FLOATING RATE NONCUMULATIVE PREFERRED STOCK SERIES T

CITIGROUP INC.

______________________________

Pursuant to Section 151 of the

General Corporation Law of the State of Delaware

______________________________

Citigroup Inc., a Delaware corporation (the “Company”), hereby certifies that:

3. Pursuant to the authority conferred upon a preferred stock committee (the “Preferred Stock Committee”) by the Board of Directors, the Preferred Stock Committee, by action duly taken on April 18, 2016, adopted resolutions (i) authorizing the issuance and sale of up to 60,000 shares of the Company’s preferred stock and (ii) approving this final form of Certificate of Designations of 6.250% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series T (the “Series T Preferred Stock”) establishing the number of shares to be included in this Series T Preferred Stock and fixing the designation, powers, preferences and rights of the shares of this Series T Preferred Stock and the qualifications, limitations or restrictions thereof as follows:

Section 1. Designation.

The designation of the Series of preferred stock shall be “6.250% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series T” (the “Series T Preferred Stock”). Each share of Series T Preferred Stock shall be identical in all respects to every other share of Series T Preferred Stock.

Section 2. Number of Shares.

The number of authorized shares of Series T Preferred Stock shall be 60,000. That number from time to time may be increased (but not in excess of the total number of authorized shares of preferred stock) or decreased (but not below the number of shares of Series T Preferred Stock then outstanding) by further resolution duly adopted by the Board of Directors, the Preferred Stock Committee or any other duly authorized committee thereof and by the filing of a certificate pursuant to the provisions of the General Corporation Law of the State of Delaware stating that such increase or reduction, as the case may be, has been so authorized. The Company shall have the authority to issue fractional shares of Series T Preferred Stock.

Section 3. Definitions. As used herein with respect to Series T Preferred Stock:

“Board of Directors” has the meaning set forth in the recitals above.

“Calculation Agent” means the Transfer Agent acting in its capacity as calculation agent for the Series T Preferred Stock, and its successors and assigns.

“Depositary” means DTC or its nominee or any successor depositary appointed by the Company.

“Dividend Payment Date” shall have the meaning set forth in Section 4(a) hereof.

“Dividend Period” shall have the meaning set forth in Section 4(a) hereof.

“Dividend Record Date” shall have the meaning set forth in Section 4(a) hereof.

“DTC” means The Depository Trust Company.

“Holder” means the Person in whose name the shares of the Series T Preferred Stock are registered, which may be treated by the Company, Calculation Agent, Transfer Agent, Registrar

and paying agent as the absolute owner of the shares of Series T Preferred Stock for the purpose of making payment and for all other purposes.

“Junior Stock” means the Common Stock and any other class or Series of stock of the

Company now existing or hereafter authorized over which Series T Preferred Stock has

preference or priority in the payment of dividends or in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company.

“LIBOR Determination Date” means the second London Banking Day immediately preceding the first day of the relevant Dividend Period.

“London Banking Day” means any day on which commercial banks are open for general business (including dealings in deposits in United States dollars) in London.

“Nonpayment” shall have the meaning set forth in Section 7(b)(i) hereof.

“Person” means a legal person, including any individual, corporation, estate, partnership, joint venture, association, joint-stock company, limited liability company, trust, or other entity.

“Preferred Stock Director” shall have the meaning set forth in Section 7(b)(i) hereof.

“Preferred Stock Director Termination Date” shall have the meaning set forth in Section 7(b)(iv) hereof.

“Registrar” means the Transfer Agent acting in its capacity as registrar for the Series T Preferred Stock, and its successors and assigns.

“Regulatory Capital Event” means the good faith determination by the Company that, as a result of (i) any amendment to, clarification of, or change in, the laws or regulations of the United States or any political subdivision of or in the United States that is enacted or becomes effective after the initial issuance of any share of the Series T Preferred Stock, (ii) any proposed change in those laws or regulations that is announced or becomes effective after the initial issuance of any share of the Series T Preferred Stock, or (iii) any official administrative decision or judicial decision or administrative action or other official pronouncement interpreting or applying those laws or regulations or policies with respect thereto that is announced after the initial issuance of any share of the Series T Preferred Stock, there is more than an insubstantial risk that the Company will not be entitled to treat the full liquidation preference amount of $25,000 per share of the Series T Preferred Stock then outstanding as “tier 1 capital” (or its equivalent) for purposes of the capital adequacy guidelines of the Federal Reserve (or, as and if applicable, the capital adequacy guidelines or regulations of any successor Appropriate Federal Banking Agency) as then in effect and applicable, for so long as any share of the Series T Preferred Stock is outstanding.

administrator of LIBOR for the purpose of displaying London interbank offered rates for United States dollar deposits or loans).

“Series T Liquidation Preference” shall have the meaning set forth in Section 5(a) hereof.

“Series T Preferred Stock” shall have the meaning set forth in Section 1 hereof.

“Series T Preferred Stock Certificate” shall have the meaning set forth in Section 14(a) hereof.

“Three-month LIBOR” means the rate (expressed as a percentage per annum) for deposits in United States dollars for a three-month period commencing on the first day of a Dividend Period that appears on the Reuters LIBOR01 page as of 11:00 a.m. (London time) on the LIBOR Determination Date for that Dividend Period. If such rate does not appear on the Reuters LIBOR01 page, Three-month LIBOR will be determined on the basis of the rates at which deposits in United States dollars for a three-month period commencing on the first day of that Dividend Period and in a principal amount of not less than $1 million are offered to prime banks in the London interbank market by four major banks in the London interbank market selected by the Calculation Agent (after consultation with the Company), at approximately 11:00 a.m., London time, on the LIBOR Determination Date for that Dividend Period. The Calculation Agent will request the principal London office of each of such banks to provide a quotation of its rate. If at least two such quotations are provided, Three-month LIBOR with respect to that Dividend Period will be the arithmetic mean (rounded upward if necessary to the nearest whole multiple of 0.00001%) of such quotations. If fewer than two quotations are provided, Three-month LIBOR with respect to that Dividend Period will be the arithmetic mean (rounded upward if necessary to the nearest whole multiple of 0.00001%) of the rates quoted by three major banks in New York City selected by the Calculation Agent (after consultation with the Company), at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date for that Dividend Period for loans in United States dollars to leading European banks for a three-month period commencing on the first day of that Dividend Period and in a principal amount of not less than $1 million. However, if fewer than three banks selected by the Calculation Agent to provide quotations are quoting as described above, Three-month LIBOR for that Dividend Period will be the same Three-month LIBOR as determined for the previous Dividend Period or, in the case of the Dividend Period beginning on February 15, 2026, 0.6344%. The determination of Three-month LIBOR for each relevant Dividend Period by the Calculation Agent will (in the absence of manifest error) be final and binding.

“Trust” shall have the meaning set forth in Section 6(d).

Section 4. Dividends.

(a) Rate. Holders shall be entitled to receive, when, as and if declared by the Board of Directors or any duly authorized committee thereof, but only out of funds legally available therefor, noncumulative cash dividends on each share of Series T Preferred Stock in the amounts specified below in this Section 4, and no more, payable (i) semiannually in arrears on each February 15 and August 15 (each, a “Dividend Payment Date”), beginning February 15, 2017, from and including the date of issuance to, but excluding, August 15, 2026; provided, however, if any such day is not a Business Day, then payment of any dividend otherwise payable on that date will be made on the next succeeding day that is a Business Day, without any interest or other payment in respect of such postponement, and (ii) quarterly in arrears on each February 15, May 15, August 15 and November 15, beginning November 15, 2026, from and including August 15, 2026; provided, however, if any such day is not a Business Day, then payment of any dividend otherwise payable on that date will be made on the next succeeding day that is a Business Day, except if that day falls in the next calendar month, in which case, the payment of any dividend otherwise payable will be made on the immediately preceding Business Day, with dividends accruing to the actual payment date (each such day on which dividends are payable for any Dividend Period (as defined below) after the Dividend Period to, but excluding, August 15, 2026, a “Dividend Payment Date”). The period from and including the date of issuance of the Series T Preferred Stock or any Dividend Payment Date to, but excluding, the next Dividend Payment Date is a “Dividend Period.” Dividends on each share of Series T Preferred Stock will accrue on the liquidation preference of $25,000 per share at a rate per annum equal to (i) 6.250%, for each Dividend Period from and including the date of issuance to, but excluding, August 15, 2026 and (ii) Three-month LIBOR plus 4.517%, for each Dividend Period from and including August 15, 2026. The record date for payment of dividends on the Series T Preferred Stock will be the record date fixed by the Board of Directors or any other duly authorized committee thereof that is not more than 30 nor less than 10 days prior to such Dividend Payment Date (each, a “Dividend Record Date”). Any such day that is a Dividend Record Date will be a Dividend Record Date whether or not such day is a Business Day. The amount of dividends payable on or prior to August 15, 2026 will be computed on the basis of a 360-day year of twelve 30-day months. The amount of dividends payable after August 15, 2026 will be computed on the basis of a 360-day year and the actual number of days elapsed.

(b) Noncumulative Dividends. If the Board of Directors or any duly authorized committee thereof does not declare a dividend on the Series T Preferred Stock for any Dividend Period prior to the related Dividend Payment Date, that dividend will not accrue, and the Company will have no obligation to pay, and Holders shall have no right to receive, a dividend for that Dividend Period on the related Dividend Payment Date or at any future time, whether or not dividends on the Series T Preferred Stock or any other Series of preferred stock or common stock are declared for any subsequent period. References herein to the “accrual” of dividends refer only to the determination of the amount of such dividend and do not imply that any right to a dividend arises prior to the date on which a dividend is declared.

(c) Priority of Dividends. So long as any share of Series T Preferred Stock remains outstanding, unless as to a Dividend Payment Date full dividends on all outstanding shares of the

Series T Preferred Stock have been declared and paid or declared and a sum sufficient for the payment of those dividends has been set aside for the Dividend Period then ending, the Company will not, and will cause its subsidiaries not to, during the next succeeding Dividend Period that commences on such Dividend Payment Date, declare or pay any dividend on, make any distributions relating to, or redeem, purchase, acquire or make a liquidation payment relating to, any Junior Stock, or make any guarantee payment with respect thereto, other than:

(iii) as a result of an exchange or conversion of any class or Series of Junior Stock for any other class or Series of Junior Stock;

(iv) the purchase of fractional interests in shares of Junior Stock pursuant to the conversion or exchange provisions of such Junior Stock or the security being converted or exchanged;

(v) the purchase of Junior Stock by an investment banking subsidiary of the Company in connection with the distribution thereof; or

Except as provided below, for so long as any share of Series T Preferred Stock remains outstanding, if dividends are not declared and paid in full upon the shares of Series T Preferred Stock and any class or Series of stock of the Company now existing or hereafter authorized that ranks equally with the Series T Preferred Stock in the payment of dividends, all dividends declared upon shares of Series T Preferred Stock and such other stock will be declared on a proportional basis so that the amount of dividends declared per share will bear to each other the same ratio that accrued dividends for the then-current Dividend Period per share of Series T Preferred Stock and accrued dividends for the then-current Dividend Period per share of such other stock (including, in the case of any such other stock that bears cumulative dividends, all accrued and unpaid dividends) bear to each other.

time to time out of any funds legally available for such payment, and Holders will not be entitled to participate in those dividends.

Section 5. Liquidation Rights.

(a) Liquidation. In the event of any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company, Holders shall be entitled, out of funds legally available therefor, before any distribution or payment may be made by the Company or set aside for the holders of any Junior Stock and subject to the rights of the holders of any class or Series of stock ranking senior to or on parity with Series T Preferred Stock upon liquidation and the rights of the Company’s depositors and other creditors, to receive in full a liquidating distribution in the amount of the liquidation preference of $25,000 per share (the “Series T Liquidation Preference”), plus any accrued dividends thereon from the last Dividend Payment Date to, but excluding, the date of the liquidation, dissolution or winding up if and to the extent declared but not yet paid. Holders shall not be entitled to any further payments in the event of any such voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company other than what is expressly provided for in this Section 5.

(b) Partial Payment. If the assets of the Company are not sufficient to pay in full the aforesaid liquidation distributions to the Holders and any liquidation distributions owed to holders of any class or Series of stock of the Company ranking equally with the Series T Preferred Stock in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company, the amounts paid to the Holders and to the holders of all such equally ranking stock shall be pro rata in accordance with the respective aggregate liquidating distributions to which they would otherwise be entitled.

Section 6. Redemption.

(a) Optional Redemption. The Company, at the option of its Board of Directors or any duly authorized committee thereof, may redeem out of funds legally available therefor, (i) in whole or in part, from time to time, the shares of Series T Preferred Stock at the time outstanding, on any Dividend Payment Date on or after August 15, 2026, or (ii) in whole but not in part at any time within 90 days following a Regulatory Capital Event, in each case at a redemption price equal to $25,000 per share plus any declared and unpaid dividends, without

accumulation of any undeclared dividends, to, but excluding, the redemption date, upon notice given as provided in Section 6(b) below.

(b) Notice of Redemption. Notice of every redemption of shares of Series T Preferred Stock shall be mailed by first class mail, postage prepaid, addressed to the Holders of such shares to be redeemed at their respective last addresses appearing on the stock register of the Company. Such mailing shall be at least 30 days and not more than 60 days before the date fixed for redemption. Any notice mailed as provided in this Section 6(b) shall be conclusively presumed to have been duly given, whether or not the Holder receives such notice, but failure duly to give such notice by mail, or any defect in such notice or in the mailing thereof, to any Holder of shares of Series T Preferred Stock designated for redemption shall not affect the validity of the proceedings for the redemption of any other shares of Series T Preferred Stock. Each notice shall state:

(i) the redemption date;

(ii) the total number of shares of Series T Preferred Stock to be redeemed and, if fewer than all the shares of a Holder are to be redeemed, the number of such shares to be redeemed;

(iii) the redemption price;

(iv) the place or places where the certificates for such shares are to be surrendered for payment of the redemption price, if applicable; and

(v) that dividends on the shares to be redeemed will cease to accrue on the redemption date.

Notwithstanding the foregoing, if the certificates evidencing the shares of Series T Preferred Stock are held of record by a depositary and any related depository shares are held of record by a Depositary or its nominee, the Company may give such notice in any manner permitted by the Depositary.

(c) Partial Redemption. In case of any redemption of only part of the shares of Series T Preferred Stock at the time outstanding, the shares of Series T Preferred Stock to be redeemed shall be selected (i) pro rata from the Holders in proportion to the number of shares of Series T Preferred Stock held by such Holders, (ii) by lot or (iii) in such other manner as the Board of Directors or any duly authorized committee thereof may determine, in its sole discretion, to be fair and equitable. Subject to the provisions of this Section 6, the Board of Directors or any duly authorized committee thereof shall have full power and authority to prescribe the terms and conditions upon which shares of Series T Preferred Stock shall be redeemed from time to time.

Section 7. Voting Rights.

(a) General. The Holders shall not be entitled to vote on any matter except as set forth in Section 7(b) below or as required by the Delaware General Corporation Law.

(b) Special Voting Right.

(i) Voting Right. If and whenever dividends on the Series T Preferred Stock or any other class or Series of preferred stock that ranks on parity with Series T Preferred Stock as to payment of dividends and upon which voting rights equivalent to those granted by this Section 7(b)(i) have been conferred and are exercisable (any such class or series being referred to herein as “dividend parity stock”) have not been paid in an aggregate amount equal, as to any class or series, to at least three semi-annual or six quarterly Dividend Periods, as applicable, (whether consecutive or not) (a “Nonpayment”), the authorized number of directors constituting the Board of Directors shall be increased by two, and the Holders, together with holders of dividend parity stock, shall have the right, voting separately as a single class without regard to class or series (and with voting rights allocated pro rata based on the liquidation preference of each such class or series), to the exclusion of the holders of Common Stock, to elect two directors of the Company to fill such newly created directorships (and to fill any vacancies in the terms of such directorships), provided that it shall be a qualification for election of any such director that the election of such director shall not cause the Company to violate the corporate governance requirements of the New York Stock Exchange (or other exchange on which the Company’s securities may be listed) that listed companies must have a majority of independent directors and further provided that the Board of Directors shall at no time include more than two such directors. Each such director elected by the Holders together with holders of dividend parity stock is a “Preferred Stock Director.”

(ii) Election. The election of the Preferred Stock Directors will take place at any annual meeting of stockholders or any special meeting of the Holders and any dividend parity stock, called as provided herein. At any time after the special voting power has vested pursuant to Section 7(b)(i) above, the secretary of the Company may, and upon the written request (addressed to the secretary at the Company’s principal office) of the holders of at least 20% of the voting power of the Series T Preferred Stock or the holders of at least 20% of the voting power of any Series of dividend parity stock (with such voting power measured based on the voting power to elect Preferred Stock Directors), must (unless such request is received less than 90 days before the date fixed for the next annual or special meeting of the stockholders of the Company, in which event such election shall be held at such next annual or special meeting of stockholders), call a special meeting of the holders of Series T Preferred Stock and any dividend parity stock for the purposes of electing Preferred Stock Directors. The Preferred Stock Directors shall each be entitled to one vote per director on any matter.

(iii) Notice of Special Meeting. Notice for a special meeting to elect Preferred Stock Directors will be given in a similar manner to that provided in the Company’s by-laws for a special meeting of the stockholders. If the secretary of the Company does not call a special meeting within 20 days after receipt of any such request, then any Holder may (at the expense of the Company) call such meeting, upon notice as provided in this Section 7(b)(iii), and for that purpose will have access to the stock register of the Company. The Preferred Stock Directors elected at any such special meeting and each Preferred Stock Director elected at a subsequent annual or special meeting of stockholders, will be elected for term expiring upon the earlier of the Preferred Stock Director Termination Date and the next annual meeting of stockholders following such Preferred Stock Director's election. In case any vacancy in the office of a Preferred Stock Director occurs (other than prior to the initial election of the Preferred Stock Directors), the vacancy may be filled by the Preferred Stock Director remaining in office, or if none remains in office, by a plurality of the votes cast by the holders of Series T Preferred Stock and any dividend parity stock, voting together as a single class, and the Preferred Stock Director so appointed or elected to fill such vacancy shall serve for a term expiring at the next annual meeting of the stockholders. Preferred Stock Directors may only be elected by the holders of Series T Preferred Stock and dividend parity stock in accordance with this Section 7. If the holders of Series T Preferred Stock and such dividend parity stock fail to elect a sufficient number of directors to fill all directorships for which they are entitled to elect directors pursuant to this Section 7, then any directorship not so filled shall remain vacant until such time as the holders of Series T Preferred Stock and such dividend parity stock elect a person to fill such directorship in accordance with this Section 7, or such vacancy is otherwise filled in accordance with this Section 7; and no such directorship may be filled by stockholders of the Corporation other than in accordance with this Section 7.

(iv) Termination; Removal. Whenever the Company has paid noncumulative dividends in full for at least two consecutive semi-annual or four consecutive quarterly

Dividend Periods following a Nonpayment on the Series T Preferred Stock and on any dividend parity stock entitled to noncumulative dividends and has paid cumulative dividends in full on any dividend parity stock entitled to cumulative dividends, then the right of the Holders to elect the Preferred Stock Directors will cease (but subject always to the same provisions for the vesting of the special voting rights in the case of any similar non-payment of dividends in respect of future Dividend Periods) (the time of such cessation, the “Preferred Stock Director Termination Date”). Upon a Preferred Stock Director Termination Date, the terms of office of the Preferred Stock Directors will immediately terminate, the persons then serving as Preferred Stock Directors shall immediately cease to be qualified to hold office as Preferred Stock Directors, the Preferred Stock Directors shall cease to be directors of the Company and the number of directors constituting the Board of Directors shall be automatically reduced, without any action by the Board of Directors or the stockholders of the Company, by the number of Preferred Stock Directors authorized immediately prior to such termination. Any Preferred Stock Director may be removed at any time without cause by the holders of a majority of the voting power of outstanding shares of the capital stock then entitled to vote in the election of Preferred Stock Directors, voting together as a single class (with such voting power measured based on the voting power to elect Preferred Stock Directors).

(c) Senior Issuances; Adverse Changes. So long as any shares of Series T Preferred Stock are outstanding, but subject to the final paragraph of this Section 7(c), in addition to any other vote or consent of holders of the Company’s capital stock required by Delaware law, the vote or consent of the holders of at least two-thirds of the voting power of the Series T Preferred Stock and the holders of any other preferred stock entitled to vote thereon, voting together as a single class, given in person or by proxy at an annual or special meeting of stockholders, or given in writing without a meeting, will be necessary for effecting or validating any of the following actions, whether or not such approval is required by Delaware law:

(i) any amendment, alteration or repeal of any provision of the Company’s certificate of incorporation (including the certificate of designations creating the Series T Preferred Stock) or the Company’s by-laws that would alter or change the voting powers, preferences, economic rights or special rights of the Series T Preferred Stock so as to affect them adversely;

(ii) any amendment or alteration of the Company’s certificate of incorporation to authorize or create, or increase the authorized amount of, any shares of, or any securities convertible into shares of, any class or Series of the Company's capital stock ranking prior to the Series T Preferred Stock in the payment of dividends or in the distribution of assets on any liquidation, dissolution, or winding up of the Company; or

(iii) the consummation of a binding share exchange or reclassification involving the Series T Preferred Stock or a merger or consolidation of the Company with another entity, except that holders of Series T Preferred Stock will have no right to vote under this provision or otherwise under Delaware law if in each case (i) the Series T Preferred Stock remains outstanding or, in the case of any such merger or consolidation with respect to

which the Company is not the surviving or resulting entity, is converted into or exchanged for preferred securities of the surviving or resulting entity or its ultimate parent, that is an entity organized and existing under the laws of the United States of America, any state thereof or the District of Columbia and that is a corporation for U.S. federal income tax purposes (or if such entity is not a corporation, the Company having received an opinion of nationally recognized counsel experienced in such matters to the effect that Holders will be subject to tax for U.S. federal income tax purposes with respect to such new preferred securities after such merger or consolidation in the same amount, at the same time and otherwise in the same manner as would have been the case under the Series T Preferred Stock prior to such merger or consolidation), and (ii) such Series T Preferred Stock remaining outstanding or such preferred securities, as the case may be, have such rights, preferences, privileges and voting powers, taken as a whole, as are not materially less favorable to the holders thereof than the rights, preferences, privileges and voting powers of the Series T Preferred Stock, taken as a whole;

provided, however, that, for the avoidance of doubt, any increase in the amount of the authorized or issued Series T Preferred Stock or authorized preferred stock or any securities convertible into preferred stock or the creation and issuance, or an increase in the authorized or issued amount, of other Series of preferred stock or any securities convertible into preferred stock ranking equally with and/or junior to the Series T Preferred Stock with respect to the payment of dividends (whether such dividends are cumulative or noncumulative) and/or the distribution of assets upon the Company’s liquidation, dissolution or winding up will not be deemed to adversely affect the voting powers, preferences or special rights of the Series T Preferred Stock, and no stockholder will have the right to vote on such an increase, creation or issuance by reason of this Section 7.

If any amendment, alteration, repeal, share exchange, reclassification, merger or consolidation specified in this Section 7(c) would adversely affect the Series T Preferred Stock but not all Series of preferred stock of the Company, then only such Series of preferred stock as are adversely affected by and entitled to vote on the matter shall vote on the matter together with the Series T Preferred Stock as a single class (in lieu of all other Series of preferred stock) for purposes of the vote or consent required by this Section 7(c).

(d) No Vote if Redemption. No vote or consent of the Holders shall be required pursuant to Section 7(b) or 7(c) if, at or prior to the time when the act with respect to such vote or consent would otherwise be required shall be effected, the Company shall have redeemed or shall have called for redemption all outstanding shares of Series T Preferred Stock, with proper notice and sufficient funds having been set aside for such redemption, in each case pursuant to Section 6 above.

Section 8. Preemption and Conversion Rights.

The Holders shall not have any preemptive rights or conversion rights as a result of the terms hereof.

Section 9. Rank.

For the avoidance of doubt, the Board of Directors or any duly authorized committee thereof may, without the vote of the Holders, authorize and issue additional shares of Junior Stock or shares of any class or Series of stock of the Company now existing or hereafter authorized that ranks equally with the Series T Preferred Stock in the payment of dividends or in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company.

Section 10. Reacquired Shares.

The Board of Directors shall take such actions as are necessary to cause the shares of Series T Preferred Stock which have been redeemed or otherwise purchased or acquired by the Company to be retired and restored to the status of authorized but unissued shares of preferred stock without designation as to series.

Section 11. No Sinking Fund.

Shares of Series T Preferred Stock are not subject to the operation of a sinking fund.

Section 12. Transfer Agent, Calculation Agent, Registrar and Paying Agent.

The duly appointed Transfer Agent, Calculation Agent, Registrar and paying agent for the Series T Preferred Stock shall be Computershare Trust Company, N.A. The Company may, in its sole discretion, remove the Transfer Agent in accordance with the agreement between the Company and the Transfer Agent; provided, however, that the Company shall appoint a successor transfer agent who shall accept such appointment prior to the effectiveness of such removal. Upon any such removal or appointment, the Company shall send notice thereof by first-class mail, postage prepaid, to the Holders.

Section 13. Replacement Certificates for Mutilated, Destroyed, Stolen and Lost Certificates.

Section 14. Form.

(a) Series T Preferred Stock Certificates. Series T Preferred Stock shall be issued in certificated form in substantially the form attached hereto as Exhibit A (each, a “Series T Preferred Stock Certificate”). Exhibit A is hereby incorporated in and expressly made a part of this Certificate of Designations. The Series T Preferred Stock Certificates may have notations, legends or endorsements required by law, stock exchange rules, agreements to which the Company is subject, if any, or usage (provided that any such notation, legend or endorsement is in a form acceptable to the Company).

(b) Signature. Two Officers shall sign any Series T Preferred Stock Certificate for the Company, in accordance with the Company’s by-laws and applicable law, by manual or facsimile signature. If an Officer whose signature is on a Series T Preferred Stock Certificate no longer holds that office at the time the Transfer Agent countersigned the Series T Preferred Stock Certificate, such Series T Preferred Stock Certificate shall be valid nevertheless. A Series T Preferred Stock Certificate shall not be valid until an authorized signatory of the Transfer Agent manually countersigns such Series T Preferred Stock Certificate. Each Series T Preferred Stock Certificate shall be dated the date of its countersignature.

Section 15. Taxes.

(a) Transfer Taxes. The Company shall pay any and all stock transfer, documentary, stamp and similar taxes that may be payable in respect of any issuance or delivery of shares of Series T Preferred Stock. The Company shall not, however, be required to pay any such tax that may be payable in respect of any transfer involved in the issuance or delivery of shares of Series T Preferred Stock, in a name other than that in which the shares of Series T Preferred Stock were registered, or in respect of any payment to any Person other than a payment to the registered holder thereof, and shall not be required to make any such issuance, delivery or payment unless and until the Person otherwise entitled to such issuance, delivery or payment has paid to the Company the amount of any such tax or has established, to the satisfaction of the Company, that such tax has been paid or is not payable.

(b) Withholding. All payments and distributions (or deemed distributions) on the shares of Series T Preferred Stock shall be subject to withholding and backup withholding of tax to the extent required by law, subject to applicable exemptions, and amounts withheld, if any, shall be treated as received by Holders.

Section 16. Notices.

the Company designated as permitted by this Certificate of Designations, or (ii) if to any Holder, to such Holder at the address of such Holder as listed in the stock record books of the Company (which may include the records of the Transfer Agent) or (iii) to such other address as the Company or any such Holder, as the case may be, shall have designated by notice similarly given.

Section 17. Other Rights Disclaimed.

The shares of Series T Preferred Stock have no voting powers, preferences or relative, participating, optional or other special rights, or qualifications, limitations or restrictions thereof, other than as set forth herein or in the Certificate of Incorporation of the Company.

IN WITNESS WHEREOF, this Certificate of Designations has been executed on behalf of the Company by its Chief Accounting Officer this 22nd day of April, 2016.

CITIGROUP INC.

By: /s/ Jeffrey R. Walsh

Name: Jeffrey R. Walsh

Title: Chief Accounting Officer

Exhibit A

FORM OF

6.250 % FIXED RATE / FLOATING RATE NONCUMULATIVE PREFERRED STOCK, SERIES T

Certificate Number_______ Number of Shares of Series T Preferred Stock______

CUSIP NO.:

CITIGROUP INC.

6.250% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series T

(par value $1.00 per share)

(liquidation preference $25,000 per share)

Citigroup Inc., a Delaware corporation (the “Company”), hereby certifies that [ ] (the “Holder”) is the registered owner of [ ] fully paid and non-assessable shares of the Company’s designated 6.250% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series T, with a par value of $1.00 per share and a liquidation preference of $25,000 per share (the “Series T Preferred Stock”). The shares of Series T Preferred Stock are transferable on the books and records of the Registrar, in person or by a duly authorized attorney, upon surrender of this certificate duly endorsed and in proper form for transfer. The designations, rights, privileges, restrictions, preferences and other terms and provisions of the Series T Preferred Stock represented hereby are and shall in all respects be subject to the provisions of the Certificate of Designations dated April 22, 2016 as the same may be amended from time to time (the “Certificate of Designations”). Capitalized terms used herein but not defined shall have the meaning given them in the Certificate of Designations. The Company will provide a copy of the Certificate of Designations to a Holder without charge upon written request to the Company at its principal place of business.

Reference is hereby made to select provisions of the Series T Preferred Stock set forth on the reverse hereof, and to the Certificate of Designations, which select provisions and the Certificate of Designations shall for all purposes have the same effect as if set forth at this place.

Upon receipt of this certificate, the Holder is bound by the Certificate of Designations and is entitled to the benefits thereunder.

Unless the Registrar has properly countersigned, these shares of Series T Preferred Stock shall not be entitled to any benefit under the Certificate of Designations or be valid or obligatory for any purpose.

IN WITNESS WHEREOF, this certificate has been executed on behalf of the Company by its [Title] and by its [Title] this __ day of _______, ________.

CITIGROUP INC.

By: _______________________________________

Name:

Title:

By: _______________________________________

Name:

Title:

REGISTRAR’S COUNTERSIGNATURE

These are shares of Series T Preferred Stock referred to in the within-mentioned Certificate of Designations.

Dated:

COMPUTERSHARE TRUST COMPANY, N.A., as Registrar

By: _______________________________________

Name:

Title:

REVERSE OF CERTIFICATE

Dividends on each share of Series T Preferred Stock shall be payable at the rate provided in the Certificate of Designations.

The shares of Series T Preferred Stock shall be redeemable at the option of the Company in the manner and in accordance with the terms set forth in the Certificate of Designations.

The Company shall furnish without charge to each holder who so requests the powers, designations, preferences and relative, participating, optional or other special rights of each class or Series of share capital issued by the Company and the qualifications, limitations or restrictions of such preferences and/or rights.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned assigns and transfers the shares of Series T Preferred Stock evidenced hereby to:

___________________________________________________

(Insert assignee’s social security or taxpayer identification number, if any)

___________________________________________________

(Insert address and zip code of assignee)

and irrevocably appoints:

___________________________________________________

as agent to transfer the shares of Series T Preferred Stock evidenced hereby on the books of the Transfer Agent. The agent may substitute another to act for him or her.

Date:

Signature:

___________________________________________________

(Sign exactly as your name appears on the other side of this Certificate)

Signature Guarantee: ___________________________________________________

CERTIFICATE OF RETIREMENT

OF PREFERRED STOCK

OF CITIGROUP INC.

(Pursuant to Section 243 of the General

Corporation Law of the State of Delaware)

CITIGROUP INC., a corporation duly organized and existing under the General Corporation Law of the State of Delaware, certifies as follows:

FIRST: Citigroup's Restated Certificate of Incorporation, as amended (the "Certificate of Incorporation"), authorizes the issuance of 149,500 shares of 8.125% Non-Cumulative Preferred Stock, Series AA (the "Preferred Stock, Series AA"), each such share with $1.00 par value and a stated value of $25,000 per share.

SECOND: Citigroup has retired all of the authorized shares of the Preferred Stock, Series AA.

THIRD: Pursuant to the provisions of Section 243 of the General Corporation Law of the State of Delaware, the shares that were designated to Preferred Stock, Series AA are hereby returned to the status of authorized but unissued shares of the Preferred Stock of Citigroup Inc.

IN WITNESS WHEREOF, CITIGROUP INC. has caused this certificate to be signed by the below duly authorized Assistant Treasurer this 20th day of February, 2018.

CITIGROUP INC.

By: /s/Elissa Steinberg______________

Elissa Steinberg

Assistant Treasurer

CERTIFICATE OF RETIREMENT

OF PREFERRED STOCK

OF CITIGROUP INC.

(Pursuant to Section 243 of the General

Corporation Law of the State of Delaware)

CITIGROUP INC., a corporation duly organized and existing under the General Corporation Law of the State of Delaware, certifies as follows:

FIRST: Citigroup's Restated Certificate of Incorporation, as amended (the "Certificate of Incorporation"), authorizes the issuance of 240,000 shares of 8.40% Fixed Rate / Floating Rate Non-Cumulative Preferred Stock, Series E (the "Preferred Stock, Series E"), each such share with $1.00 par value and a stated value of $25,000 per share.

SECOND: Citigroup has retired all of the authorized shares of the Preferred Stock, Series E.

THIRD: Pursuant to the provisions of Section 243 of the General Corporation Law of the State of Delaware, the shares that were designated to Preferred Stock, Series E are hereby returned to the status of authorized but unissued shares of the Preferred Stock of Citigroup Inc.

IN WITNESS WHEREOF, CITIGROUP INC. has caused this certificate to be signed by the below duly authorized Assistant Treasurer this 4th day of May, 2018.

CITIGROUP INC.

By:_/s/ Elissa Steinberg____________

Elissa Steinberg

Assistant Treasurer

CERTIFICATE OF RETIREMENT

OF PREFERRED STOCK

OF CITIGROUP INC.

(Pursuant to Section 243 of the General

Corporation Law of the State of Delaware)

CITIGROUP INC., a corporation duly organized and existing under the General Corporation Law of the State of Delaware, certifies as follows:

FIRST: Citigroup's Restated Certificate of Incorporation, as amended (the "Certificate of Incorporation"), authorizes the issuance of 23,000 shares of 5.80% Non-Cumulative Preferred Stock, Series C (the "Preferred Stock, Series C"), each such share with $1.00 par value and a stated value of $25,000 per share.

SECOND: Citigroup has retired all of the authorized shares of the Preferred Stock, Series C.

THIRD: Pursuant to the provisions of Section 243 of the General Corporation Law of the State of Delaware, the shares that were designated to Preferred Stock, Series C are hereby returned to the status of authorized but unissued shares of the Preferred Stock of Citigroup Inc.

IN WITNESS WHEREOF, CITIGROUP INC. has caused this certificate to be signed by the below duly authorized Assistant Treasurer this 1st day of November, 2018.

CITIGROUP INC.

By:_/s/Elissa Steinberg____________

Elissa Steinberg

Assistant Treasurer

CERTIFICATE OF RETIREMENT

OF PREFERRED STOCK

OF CITIGROUP INC.

(Pursuant to Section 243 of the General

Corporation Law of the State of Delaware)

CITIGROUP INC., a corporation duly organized and existing under the General Corporation Law of the State of Delaware, certifies as follows:

FIRST: Citigroup's Restated Certificate of Incorporation, as amended (the "Certificate of Incorporation"), authorizes the issuance of 19,200 shares of 6.875% Non-Cumulative Preferred Stock, Series L (the "Preferred Stock, Series L"), each such share with $1.00 par value and a stated value of $25,000 per share.

SECOND: Citigroup has retired all of the authorized shares of the Preferred Stock, Series L.

THIRD: Pursuant to the provisions of Section 243 of the General Corporation Law of the State of Delaware, the shares that were designated to Preferred Stock, Series L are hereby returned to the status of authorized but unissued shares of the Preferred Stock of Citigroup Inc.

IN WITNESS WHEREOF, CITIGROUP INC. has caused this certificate to be signed by the below duly authorized Assistant Treasurer this 27th day of February, 2019.

CITIGROUP INC.

By: /s/Elissa Steinberg_____________

Elissa Steinberg

Assistant Treasurer

CERTIFICATE OF DESIGNATIONS

5.000% FIXED RATE / FLOATING RATE NONCUMULATIVE PREFERRED STOCK SERIES U

CITIGROUP INC.

______________________________

pursuant to Section 151 of the

General Corporation Law of the State of Delaware

______________________________

Citigroup Inc., a Delaware corporation (the “Company”), hereby certifies that:

3. Pursuant to the authority conferred upon a preferred stock committee (the “Preferred Stock Committee”) by the Board of Directors, the Preferred Stock Committee, by action duly taken on September 5, 2019, adopted resolutions (i) authorizing the issuance and sale of up to 60,000 shares of the Company’s preferred stock and (ii) approving this final form of Certificate of Designations of 5.000% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series U (the “Series U Preferred Stock”), establishing the number of shares to be included in this Series U Preferred Stock and fixing the designation, powers, preferences and rights of the shares of this Series U Preferred Stock and the qualifications, limitations or restrictions thereof as follows:

Section 1. Designation.

The designation of the Series of preferred stock shall be “5.000% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series U” (the “Series U Preferred Stock”). Each share of

Series U Preferred Stock shall be identical in all respects to every other share of Series U Preferred Stock.

Section 2. Number of Shares.

The number of authorized shares of Series U Preferred Stock shall be 60,000. That number from time to time may be increased (but not in excess of the total number of authorized shares of preferred stock) or decreased (but not below the number of shares of Series U Preferred Stock then outstanding) by further resolution duly adopted by the Board of Directors, the Preferred Stock Committee or any other duly authorized committee thereof and by the filing of a certificate pursuant to the provisions of the General Corporation Law of the State of Delaware stating that such increase or reduction, as the case may be, has been so authorized. The Company shall have the authority to issue fractional shares of Series U Preferred Stock.

Section 3. Definitions. As used herein with respect to Series U Preferred Stock:

“Accrued Dividend Compounding Factor” shall have the meaning set forth in Section 4(a) hereof.

“Appropriate Federal Banking Agency” means the “appropriate Federal banking agency” with respect to the Company as that term is defined in Section 3(q) of the Federal Deposit Insurance Act of 1950, as amended, or any successor provision.

“Benchmark” shall have the meaning set forth in Section 4(a) hereof.

“Benchmark Replacement” shall have the meaning set forth in Section 4(a) hereof.

“Benchmark Replacement Adjustment” shall have the meaning set forth in Section 4(a) hereof.

“Benchmark Replacement Conforming Changes” shall have the meaning set forth in Section 4(a) hereof.

“Benchmark Replacement Date” shall have the meaning set forth in Section 4(a) hereof.

“Benchmark Transition Event” shall have the meaning set forth in Section 4(a) hereof.

“Board of Directors” has the meaning set forth in the recitals above.

“business day”, including with respect to the Fixed Rate Period, means any weekday that is not a legal holiday in New York City and is not a day on which banking institutions in New York City are authorized or required by law or regulation to be closed.

“Business Day” with respect to the Floating Rate Period means any weekday that is not a legal holiday in New York City and is not a day on which banking institutions in New York City are authorized or required by law or regulation to be closed and a U.S. Government Securities Business Day.

“Calculation Agent” means Citibank, N.A., London branch, and its successors and assigns.

“Corresponding Tenor” shall have the meaning set forth in Section 4(a) hereof.

“Depositary” means DTC or its nominee or any successor depositary appointed by the Company.

“dividend payment date” shall have the meaning set forth in Section 4(a) hereof.

“dividend period” shall have the meaning set forth in Section 4(a) hereof.

“dividend period end date” shall have the meaning set forth in Section 4(a) hereof.

“Dividend Record Date” shall have the meaning set forth in Section 4(a) hereof.

“DTC” means The Depository Trust Company.

“Fixed Rate Period” shall have the meaning set forth in Section 4(a) hereof.

“Floating Rate Period” shall have the meaning set forth in Section 4(a) hereof.

“Holder” means the Person in whose name the shares of the Series U Preferred Stock are registered, which may be treated by the Company, Calculation Agent, Transfer Agent, Registrar and paying agent as the absolute owner of the shares of Series U Preferred Stock for the purpose of making payment and for all other purposes.

“ISDA” shall have the meaning set forth in Section 4(a) hereof.

“ISDA Definitions” shall have the meaning set forth in Section 4(a) hereof.

“ISDA Fallback Adjustment” shall have the meaning set forth in Section 4(a) hereof.

“ISDA Fallback Rate” shall have the meaning set forth in Section 4(a) hereof.

“Junior Stock” means the Common Stock and any other class or Series of stock of the

Company now existing or hereafter authorized over which Series U Preferred Stock has

preference or priority in the payment of dividends or in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company.

“Nonpayment” shall have the meaning set forth in Section 7(b)(i) hereof.

“NY Federal Reserve’s website” shall have the meaning set forth in Section 4(a) hereof.

“Person” means a legal person, including any individual, corporation, estate, partnership, joint venture, association, joint-stock company, limited liability company, trust, or other entity.

“Preferred Stock Director” shall have the meaning set forth in Section 7(b)(i) hereof.

“Preferred Stock Director Termination Date” shall have the meaning set forth in Section 7(b)(iv) hereof.

“Rate Cut-Off Date” shall have the meaning set forth in Section 4(a) hereof.

“Reference Time” shall have the meaning set forth in Section 4(a) hereof.

“Registrar” means the Transfer Agent acting in its capacity as registrar for the Series U Preferred Stock, and its successors and assigns.

“Regulatory Capital Event” means the good faith determination by the Company that, as a result of (i) any amendment to, clarification of, or change in, the laws or regulations of the United States (including, for the avoidance of doubt, any agency or instrumentality of the United States, including the Federal Reserve and other federal bank regulatory agencies) or any political subdivision of or in the United States that is enacted or becomes effective after the initial issuance of any share of the Series U Preferred Stock, (ii) any proposed change in those laws or regulations that is announced or becomes effective after the initial issuance of any share of the Series U Preferred Stock, or (iii) any official administrative decision or judicial decision or administrative action or other official pronouncement interpreting or applying those laws or regulations or policies with respect thereto that is announced after the initial issuance of any share of the Series U Preferred Stock, there is more than an insubstantial risk that the Company will not be entitled to treat the full liquidation preference amount of $25,000 per share of the Series U Preferred Stock then outstanding as “tier 1 capital” (or its equivalent) for purposes of the capital adequacy guidelines of the Federal Reserve (or, as and if applicable, the capital adequacy guidelines or regulations of any successor Appropriate Federal Banking Agency) as then in effect and applicable, for so long as any share of the Series U Preferred Stock is outstanding.

“Relevant Governmental Body” shall have the meaning set forth in Section 4(a) hereof.

“Series U Liquidation Preference” shall have the meaning set forth in Section 5(a) hereof.

“Series U Preferred Stock” shall have the meaning set forth in Section 1 hereof.

“Series U Preferred Stock Certificate” shall have the meaning set forth in Section 14(a) hereof.

“SOFR” shall have the meaning set forth in Section 4(a) hereof.

“Transfer Agent” means Computershare Trust Company, N.A., a federally chartered national association, acting as Transfer Agent, Registrar and paying agent for the Series U Preferred Stock, and its successors and assigns.

“Trust” shall have the meaning set forth in Section 6(d).

“Unadjusted Benchmark Replacement” shall have the meaning set forth in Section 4(a) hereof.

“U.S. Government Securities Business Day” shall have the meaning set forth in Section 4(a) hereof.

Section 4. Dividends.

(a) Rate. Holders shall be entitled to receive, when, as and if declared by the Board of Directors or any duly authorized committee thereof, but only out of funds legally available therefor, noncumulative cash dividends on each share of Series U Preferred Stock in the amounts specified below in this Section 4, and no more, payable (i) semiannually in arrears on each March 12 and September 12, beginning March 12, 2020, from, and including, the date of issuance to, but excluding, September 12, 2024 (the “Fixed Rate Period”); provided, however, if any such day is not a business day, then payment of any dividend otherwise payable on that date will be made on the next succeeding day that is a business day, without any additional dividend accrual or other payment in respect of such postponement, and (ii) quarterly in arrears on the second Business Day following each dividend period end date, beginning on December 16, 2024, from, and including, September 12, 2024 (the “Floating Rate Period”) (each date for payment of dividends, a “dividend payment date”). A “dividend period end date” means the 12th of each March, June, September and December; provided, however, that if any dividend period end date (other than a redemption date) is not a Business Day, then such date will be postponed to the next succeeding Business Day, unless that day falls in the next calendar month, in which case the dividend period end date will be the immediately preceding Business Day. During the Fixed Rate Period, “dividend period” means the period from, and including, each dividend payment date to, but excluding, the next succeeding dividend payment date, except for the initial dividend period, which will be the period from, and including, the date of issuance of the Preferred Stock to, but excluding, the first dividend payment date. During the Floating Rate Period, “dividend period” means the period from, and including, each dividend period end date (except for the initial dividend period in the Floating Rate Period, “dividend period” means the period from, and including, September 12, 2024) to, but excluding, the next succeeding dividend period end date; provided that the dividend period following an election by the Company to redeem the Preferred Stock (as described in Section 6(a)) will be the period from, and including, the immediately preceding dividend period end date to, but excluding, the redemption date; and provided further that SOFR (as defined below) for each calendar day from, and including, the Rate Cut-Off Date to, but excluding, the redemption date will equal SOFR in respect of the Rate Cut-Off Date. The Rate Cut-Off Date will be the second U.S. Government Securities Business Day prior to a redemption date. Dividends on each share of Series U Preferred Stock will accrue on the liquidation preference of $25,000 per share at a rate per annum equal to (i) 5.000%, for each dividend period in the Fixed Rate Period and (ii) SOFR (compounding daily over each dividend period as described below) plus 3.813%, for each dividend period in the Floating Rate Period, provided that in no event will the dividend payable on the Preferred Stock be less than zero. The record date for payment of dividends on the Series U Preferred Stock will be the record date fixed by the Board of Directors or any other duly authorized committee thereof that is not more than 30 nor less than 10 days prior to such dividend payment date (each, a “Dividend Record Date”). Any such day that is a Dividend Record Date will be a Dividend Record Date whether or not such day is a business day. The amount of dividends payable during the Fixed Rate Period will be computed on the basis of a 360-day year of twelve 30-day months. The amount of dividends payable during the Floating Rate Period will be computed on the basis of a 360-day year and the actual number of days elapsed.

For the purposes of calculating any dividend with respect to any dividend period during the Floating Rate Period:

“Accrued Dividend Compounding Factor” means the result of the following formula:

where

“do”, for any dividend period, is the number of U.S. Government Securities Business Days in the relevant dividend period.

“i” is a series of whole numbers from one to d0, each representing the relevant U.S. Government Securities Business Day in chronological order from, and including, the first U.S. Government Securities Business Day in the relevant dividend period.

“SOFRi”, for any day “i” in the relevant dividend period, is a reference rate equal to SOFR in respect of that day.

“ni”, for any day “i” in the relevant dividend period, is the number of calendar days from, and including, such U.S. Government Securities Business Day “i” to, but excluding, the following U.S. Government Securities Business Day.

“d” is the number of calendar days in the relevant dividend period.

“U.S. Government Securities Business Day” means any day except for a Saturday, Sunday or a day on which the Securities Industry and Financial Markets Association (SIFMA) recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in U.S. government securities.

“SOFR,” with respect to any day, means the rate determined by the Calculation Agent in accordance with the following provisions:

(1)the Secured Overnight Financing Rate for trades made on such day that appears at approximately 3:00 p.m. (New York City time) on the NY Federal Reserve’s website on the U.S. Government Securities Business Day immediately following such U.S. Government Securities Business Day; or

(2)if the rate specified in (1) above does not so appear, unless a Benchmark Transition Event and its related Benchmark Replacement Date have occurred as described in (3) below, the Secured Overnight Financing Rate published on the NY Federal Reserve’s website for the first preceding U.S. Government Securities Business Day for which the Secured Overnight Financing Rate was published on the NY Federal Reserve’s

website; or

(3)if a Benchmark Transition Event and its related Benchmark Replacement Date have

occurred prior to the relevant dividend period end date, the Calculation Agent will use the Benchmark Replacement to determine the rate and for all other purposes relating to the Preferred Stock.

In connection with the SOFR definition above, the following definitions apply:

“Benchmark” means, initially, SOFR; provided that if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to SOFR or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement.

“Benchmark Replacement” means the first alternative set forth in the order below that can be determined by the Company (or one of its affiliates) as of the Benchmark Replacement Date:

(1)the sum of: (a) the alternate rate of interest that has been selected or recommended by

the Relevant Governmental Body as the replacement for the then-current Benchmark for the applicable Corresponding Tenor and (b) the Benchmark Replacement Adjustment; or

(2)the sum of: (a) the ISDA Fallback Rate and (b) the Benchmark Replacement

Adjustment; or

(3)the sum of: (a) the alternate rate of interest that has been selected by the Company (or one of its affiliates) as the replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to any industry-accepted rate of interest as a replacement for the then-current Benchmark for U.S. dollar-denominated floating rate notes at such time and (b) the Benchmark Replacement Adjustment.

“Benchmark Replacement Adjustment” means the first alternative set forth in the order below that can be determined by the Company (or one of its affiliates) as of the Benchmark Replacement Date:

(1)the spread adjustment, or method for calculating or determining such spread

adjustment, (which may be a positive or negative value or zero) that has been selected or recommended by the Relevant Governmental Body for the applicable Unadjusted Benchmark Replacement;

(2)if the applicable Unadjusted Benchmark Replacement is equivalent to the ISDA

Fallback Rate, then the ISDA Fallback Adjustment;

(3)the spread adjustment (which may be a positive or negative value or zero) that has

been selected by the Company (or one of its affiliates) giving due consideration to any industry-accepted spread adjustment, or method for calculating or determining

such spread adjustment, for the replacement of the then-current Benchmark with the applicable Unadjusted Benchmark Replacement for U.S. dollar-denominated floating

rate notes at such time.

“Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational changes that the Company (or one of its affiliates) decides may be appropriate to reflect the adoption of such Benchmark Replacement in a manner substantially consistent with market practice (or, if the Company (or such affiliate) decides that adoption of any portion of such market practice is not administratively feasible or if the Company (or such affiliate) determines that no market practice for use of the Benchmark Replacement exists, in such other manner as the Company (or such affiliate) determines is reasonably necessary).

“Benchmark Replacement Date” means the earliest to occur of the following events with respect to the then-current Benchmark:

(1)in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the

later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of the Benchmark permanently or indefinitely ceases to provide the Benchmark; or

(2)in the case of clause (3) of the definition of “Benchmark Transition Event,” the date

of the public statement or publication of information referenced therein.

For the avoidance of doubt, if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination.

“Benchmark Transition Event” means the occurrence of one or more of the following events with respect to the then-current Benchmark:

(1)a public statement or publication of information by or on behalf of the administrator

of the Benchmark announcing that such administrator has ceased or will cease to provide the Benchmark, permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the Benchmark;

(2)a public statement or publication of information by the regulatory supervisor for the

administrator of the Benchmark, the central bank for the currency of the Benchmark, an insolvency official with jurisdiction over the administrator for the Benchmark, a resolution authority with jurisdiction over the administrator for the Benchmark or a court or an entity with similar insolvency or resolution authority over the administrator for the Benchmark, which states that the administrator of the Benchmark has ceased or will cease to provide the Benchmark permanently or

indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the Benchmark; or

(3)a public statement or publication of information by the regulatory supervisor for the

administrator of the Benchmark announcing that the Benchmark is no longer representative.

“Corresponding Tenor” with respect to a Benchmark Replacement means a tenor (including overnight) having approximately the same length (disregarding business day adjustment) as the applicable tenor for the then-current Benchmark.

“ISDA” means the International Swaps and Derivatives Association, Inc. or any successor.

“ISDA Definitions” means the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to time.

“ISDA Fallback Adjustment” means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor.

“ISDA Fallback Rate” means the rate that would apply for derivatives transactions referencing the ISDA Definitions to be effective upon the occurrence of an index cessation date with respect to the Benchmark for the applicable tenor excluding the applicable ISDA Fallback Adjustment.

“NY Federal Reserve’s website” means the website of the Federal Reserve Bank of New York (the “NY Federal Reserve”), currently at http://www.newyorkfed.org, or any successor website of the NY Federal Reserve or the website of any successor administrator of the Secured Overnight Financing Rate.

“Rate Cut-Off Date” means the second U.S. Government Securities Business Day prior to a redemption date.

“Reference Time” with respect to any determination of the Benchmark means the time determined by the Company (or one of its affiliates) in accordance with the Benchmark Replacement Conforming Changes.

“Relevant Governmental Body” means the Federal Reserve Board and/or the NY Federal Reserve, or a committee officially endorsed or convened by the Federal Reserve Board and/or the NY Federal Reserve or any successor thereto.

“Unadjusted Benchmark Replacement” means the Benchmark Replacement excluding the Benchmark Replacement Adjustment.

Any determination, decision or election that may be made by the Company (or one of its affiliates) pursuant to the provisions described above, including any determination with respect to tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error, will be made in the Company’s (or such affiliate’s) sole discretion, and, notwithstanding anything to the contrary in this Certificate of Designations, shall become effective without consent from the holders of the Series U Preferred Stock or any other party.

All percentages resulting from any calculation of the dividend rate will be rounded, if necessary, to the nearest 1/100,000 of 1% (.0000001), with five one-millionths of a percentage point rounded upward. All currency amounts used in, or resulting from, the calculation on the Series U Preferred Stock will be rounded to the nearest one-hundredth of a unit. For purposes of rounding, .005 of a unit shall be rounded upward.

(b) Noncumulative Dividends. If the Board of Directors or any duly authorized committee thereof does not declare a dividend on the Series U Preferred Stock for any dividend period prior to the related dividend payment date, that dividend will not accrue, and the Company will have no obligation to pay, and Holders shall have no right to receive, a dividend for that dividend period on the related dividend payment date or at any future time, whether or not dividends on the Series U Preferred Stock or any other Series of preferred stock or common stock are declared for any subsequent period. References herein to the “accrual” of dividends refer only to the determination of the amount of such dividend and do not imply that any right to a dividend arises prior to the date on which a dividend is declared.

(c) Priority of Dividends. So long as any share of Series U Preferred Stock remains outstanding, unless as to a dividend payment date full dividends on all outstanding shares of the Series U Preferred Stock have been declared and paid or declared and a sum sufficient for the payment of those dividends has been set aside for the dividend period then ending, the Company will not, and will cause its subsidiaries not to, during the next succeeding dividend period that commences on such dividend payment date during the Fixed Rate Period or dividend period end date during the Floating Rate Period, declare or pay any dividend on, make any distributions relating to, or redeem, purchase, acquire or make a liquidation payment relating to, any Junior Stock, or make any guarantee payment with respect thereto, other than:

(ii) purchases of shares of Common Stock pursuant to a contractually binding requirement to buy stock existing prior to the commencement of the then-current dividend period, including under a contractually binding stock repurchase plan;

(iii) as a result of an exchange or conversion of any class or Series of Junior Stock for any other class or Series of Junior Stock;

(iv) the purchase of fractional interests in shares of Junior Stock pursuant to the conversion or exchange provisions of such Junior Stock or the security being converted or exchanged;

(v) the purchase of Junior Stock by an investment banking subsidiary of the Company in connection with the distribution thereof; or

Except as provided below, for so long as any share of Series U Preferred Stock remains outstanding, if dividends are not declared and paid in full upon the shares of Series U Preferred Stock and any class or series of stock of the Company now existing or hereafter authorized that ranks equally with the Series U Preferred Stock in the payment of dividends, all dividends declared upon shares of Series U Preferred Stock and such other stock will be declared on a proportional basis so that the amount of dividends declared per share will bear to each other the same ratio that accrued dividends for the then-current dividend period per share of Series U Preferred Stock and accrued dividends for the then-current dividend period per share of such other stock (including, in the case of any such other stock that bears cumulative dividends, all accrued and unpaid dividends) bear to each other.

Subject to the foregoing, and not otherwise, such dividends payable in cash, stock or otherwise, as may be determined by the Board of Directors or any duly authorized committee thereof, may be declared and paid on any other class or series of stock of the Company from time to time out of any funds legally available for such payment, and Holders will not be entitled to participate in those dividends.

Section 5. Liquidation Rights.

(a) Liquidation. In the event of any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company, Holders shall be entitled, out of funds legally available therefor, before any distribution or payment may be made by the Company or set aside for the holders of any Junior Stock and subject to the rights of the holders of any class or series of stock ranking senior to or on parity with Series U Preferred Stock upon liquidation and the rights of the Company’s depositors and other creditors, to receive in full a liquidating distribution in the amount of the liquidation preference of $25,000 per share (the “Series U Liquidation Preference”), plus any accrued dividends thereon from the last dividend payment date to, but excluding, the date of the liquidation, dissolution or winding up if and to the extent declared but not yet paid. Holders shall not be entitled to any further payments in the event of any such voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company other than what is expressly provided for in this Section 5.

(b) Partial Payment. If the assets of the Company are not sufficient to pay in full the aforesaid liquidation distributions to the Holders and any liquidation distributions owed to holders of any class or series of stock of the Company ranking equally with the Series U Preferred Stock in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company, the amounts paid to the Holders and to the holders of all such equally ranking stock shall be pro rata in accordance with the respective aggregate liquidating distributions to which they would otherwise be entitled.

Section 6. Redemption.

(a) Optional Redemption. The Company, at the option of its Board of Directors or any duly authorized committee thereof, may redeem out of funds legally available therefor, (i) in whole or in part, from time to time, the shares of Series U Preferred Stock at the time outstanding, on September 12, 2024 and on any dividend period end date on or after December 12, 2024, or (ii) in whole but not in part at any time within 90 days following a Regulatory Capital Event, in each case at a redemption price equal to $25,000 per share plus any declared and unpaid dividends, without accumulation of any undeclared dividends, to, but excluding, the redemption date, upon notice given as provided in Section 6(b) below.

(b) Notice of Redemption. Notice of every redemption of shares of Series U Preferred Stock shall be mailed by first class mail, postage prepaid, addressed to the Holders of such shares to be redeemed at their respective last addresses appearing on the stock register of the Company. Such mailing shall be at least 15 days and not more than 60 days before the date fixed for redemption. Any notice mailed as provided in this Section 6(b) shall be conclusively presumed to have been duly given, whether or not the Holder receives such notice, but failure duly to give such notice by mail, or any defect in such notice or in the mailing thereof, to any Holder of shares of Series U Preferred Stock designated for redemption shall not affect the validity of the proceedings for the redemption of any other shares of Series U Preferred Stock. Each notice shall state:

(i) the redemption date;

(ii) the total number of shares of Series U Preferred Stock to be redeemed and, if fewer than all the shares of a Holder are to be redeemed, the number of such shares to be redeemed;

(iii) the redemption price;

(iv) the place or places where the certificates for such shares are to be surrendered for payment of the redemption price, if applicable; and

(v) that dividends on the shares to be redeemed will cease to accrue on the redemption date.

Notwithstanding the foregoing, if the certificates evidencing the shares of Series U Preferred Stock are held of record by a depositary and any related depository shares are held of record by a Depositary or its nominee, the Company may give such notice in any manner permitted by the Depositary.

(c) Partial Redemption. In case of any redemption of only part of the shares of Series U Preferred Stock at the time outstanding, the shares of Series U Preferred Stock to be redeemed shall be selected (i) pro rata from the Holders in proportion to the number of shares of Series U Preferred Stock held by such Holders, (ii) by lot or (iii) in such other manner as the Board of Directors or any duly authorized committee thereof may determine, in its sole discretion, to be fair and equitable. Subject to the provisions of this Section 6, the Board of Directors or any duly authorized committee thereof shall have full power and authority to prescribe the terms and conditions upon which shares of Series U Preferred Stock shall be redeemed from time to time.

(d) Effectiveness of Redemption. If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been set aside by the Company, separate and apart from its other assets, for the pro rata benefit of the Holders of the shares called for redemption, so as to be and continue to be available therefor, or deposited by the Company with a bank or trust company selected by the Board of Directors or any duly authorized committee thereof (the “Trust”) in trust for the pro rata benefit of the Holders of the shares called for redemption, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation, on and after the redemption date all shares so called for redemption shall cease to be outstanding, all dividends with respect to such shares shall cease to accrue on such redemption date, and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the Holders thereof to receive the amount payable on such redemption from the Trust at any time after the redemption date from the funds so deposited, without interest. The Company shall be entitled to receive, from time to time, from the Trust any interest accrued on such funds, and the Holders of any shares called for redemption shall have no claim to any such interest. Any funds so deposited and unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released or repaid to the Company, and in the event of such repayment to the Company, the Holders of the shares so called for redemption shall be deemed to be unsecured creditors of the Company for an amount equivalent to the amount deposited as stated above for the redemption of such shares and so repaid to the Company, but shall in no event be entitled to any interest.

Section 7. Voting Rights.

(a) General. The Holders shall not be entitled to vote on any matter except as set forth in Section 7(b) below or as required by the Delaware General Corporation Law.

(b) Special Voting Right.

(i) Voting Right. If and whenever dividends on the Series U Preferred Stock or any other class or series of preferred stock that ranks on parity with the Series U Preferred Stock as to payment of dividends and upon which voting rights equivalent to those granted by this Section 7(b)(i) have been conferred and are exercisable (any such class or series being referred to herein as “dividend parity stock”) have not been declared and paid in an aggregate amount equal, as to any class or series, to at least three semi-annual or six quarterly dividend periods, as applicable, (whether consecutive or not) (a “Nonpayment”), the authorized number of directors constituting the Board of Directors shall be increased by two, and the Holders, together with holders of dividend parity stock, shall have the right, voting separately as a single class without regard to class or series (and with voting rights allocated pro rata based on the liquidation preference of each such class or series), to the exclusion of the holders of Common Stock, to elect two directors of the Company to fill such newly created directorships (and to fill any vacancies in the terms of such directorships), provided that it shall be a qualification for election of any such director that the election of such director shall not cause the Company to violate the corporate governance requirements of the New York Stock Exchange (or other exchange on which the Company’s securities may be listed) that listed companies must have a majority of independent directors and further provided that the Board of Directors shall at no time include more than two such directors. Each such director elected by the Holders together with holders of dividend parity stock is a “Preferred Stock Director.”

(ii) Election. The election of the Preferred Stock Directors will take place at any annual meeting of stockholders or any special meeting of the Holders and any dividend parity stock, called as provided herein. At any time after the special voting power has vested pursuant to Section 7(b)(i) above, the secretary of the Company may, and upon the written request (addressed to the secretary at the Company’s principal office) of the holders of at least 20% of the voting power of the Series U Preferred Stock or the holders of at least 20% of the voting power of any series of dividend parity stock then outstanding (with such voting power measured based on the voting power to elect Preferred Stock Directors), must (unless such request is received less than 90 days before the date fixed for the next annual or special meeting of the stockholders of the Company, in which event such election shall be held at such next annual or special meeting of stockholders), call a special meeting of the holders of Series U Preferred Stock and any dividend parity stock for the purposes of electing Preferred Stock Directors. The Preferred Stock Directors shall each be entitled to one vote per director on any matter.

call a special meeting within 20 days after receipt of any such request, then any Holder may (at the expense of the Company) call such meeting, upon notice as provided in this Section 7(b)(iii), and for that purpose will have access to the stock register of the Company. The Preferred Stock Directors elected at any such special meeting and each Preferred Stock Director elected at a subsequent annual or special meeting of stockholders, will be elected for term expiring upon the earlier of the Preferred Stock Director Termination Date and the next annual meeting of stockholders following such Preferred Stock Director's election. In case any vacancy in the office of a Preferred Stock Director occurs (other than prior to the initial election of the Preferred Stock Directors), the vacancy may be filled by the Preferred Stock Director remaining in office, or if none remains in office, by a plurality of the votes cast by the holders of Series U Preferred Stock and any dividend parity stock, voting together as a single class, and the Preferred Stock Director so appointed or elected to fill such vacancy shall serve for a term expiring at the next annual meeting of the stockholders. Preferred Stock Directors may only be elected by the holders of Series U Preferred Stock and dividend parity stock in accordance with this Section 7. If the holders of Series U Preferred Stock and such dividend parity stock fail to elect a sufficient number of directors to fill all directorships for which they are entitled to elect directors pursuant to this Section 7, then any directorship not so filled shall remain vacant until such time as the holders of Series U Preferred Stock and such dividend parity stock elect a person to fill such directorship in accordance with this Section 7, or such vacancy is otherwise filled in accordance with this Section 7; and no such directorship may be filled by stockholders of the Corporation other than in accordance with this Section 7.

(iv) Termination; Removal. Whenever the Company has paid noncumulative dividends in full for at least two consecutive semi-annual or four consecutive quarterly dividend periods following a Nonpayment on the Series U Preferred Stock and on any dividend parity stock entitled to noncumulative dividends and has paid cumulative dividends in full on any dividend parity stock entitled to cumulative dividends, then the right of the Holders to elect the Preferred Stock Directors will cease (but subject always to the same provisions for the vesting of the special voting rights in the case of any similar non-payment of dividends in respect of future dividend periods) (the time of such cessation, the “Preferred Stock Director Termination Date”). Upon a Preferred Stock Director Termination Date, the terms of office of the Preferred Stock Directors will immediately terminate, the persons then serving as Preferred Stock Directors shall immediately cease to be qualified to hold office as Preferred Stock Directors, the Preferred Stock Directors shall cease to be directors of the Company and the number of directors constituting the Board of Directors shall be automatically reduced, without any action by the Board of Directors or the stockholders of the Company, by the number of Preferred Stock Directors authorized immediately prior to such termination. Any Preferred Stock Director may be removed at any time without cause by the holders of a majority of the voting power of outstanding shares of the capital stock then entitled to vote in the election of Preferred Stock Directors, voting together as a single class (with such voting power measured based on the voting power to elect Preferred Stock Directors).

(c) Senior Issuances; Adverse Changes. So long as any shares of Series U Preferred Stock are outstanding, but subject to the final paragraph of this Section 7(c), in addition to any other vote or consent of holders of the Company’s capital stock required by Delaware law, the vote or consent of the holders of at least two-thirds of the voting power of the Series U Preferred Stock and the holders of any other preferred stock entitled to vote thereon, voting together as a single class, given in person or by proxy at an annual or special meeting of stockholders, or given in writing without a meeting, will be necessary for effecting or validating any of the following actions, whether or not such approval is required by Delaware law:

(i) any amendment, alteration or repeal of any provision of the Company’s certificate of incorporation (including the certificate of designations creating the Series U Preferred Stock) or the Company’s by-laws that would alter or change the voting powers, preferences, economic rights or special rights of the Series U Preferred Stock so as to affect them adversely;

(ii) any amendment or alteration of the Company’s certificate of incorporation to authorize or create, or increase the authorized amount of, any shares of, or any securities convertible into shares of, any class or series of the Company's capital stock ranking prior to the Series U Preferred Stock in the payment of dividends or in the distribution of assets on any liquidation, dissolution, or winding up of the Company; or

(iii) the consummation of a binding share exchange or reclassification involving the Series U Preferred Stock or a merger or consolidation of the Company with another entity, except that holders of Series U Preferred Stock will have no right to vote under this provision or otherwise under Delaware law if in each case (i) the Series U Preferred Stock remains outstanding or, in the case of any such merger or consolidation with respect to which the Company is not the surviving or resulting entity, is converted into or exchanged for preferred securities of the surviving or resulting entity or its ultimate parent, that is an entity organized and existing under the laws of the United States of America, any state thereof or the District of Columbia and that is a corporation for U.S. federal income tax purposes (or if such entity is not a corporation, the Company having received an opinion of nationally recognized counsel experienced in such matters to the effect that Holders will be subject to tax for U.S. federal income tax purposes with respect to such new preferred securities after such merger or consolidation in the same amount, at the same time and otherwise in the same manner as would have been the case under the Series U Preferred Stock prior to such merger or consolidation), and (ii) such Series U Preferred Stock remaining outstanding or such preferred securities, as the case may be, have such rights, preferences, privileges and voting powers, taken as a whole, as are not materially less favorable to the holders thereof than the rights, preferences, privileges and voting powers of the Series U Preferred Stock, taken as a whole;

provided, however, that, for the avoidance of doubt, any increase in the amount of the authorized or issued Series U Preferred Stock or authorized preferred stock or any securities convertible into preferred stock or the creation and issuance, or an increase in the authorized or issued amount, of other series of preferred stock or any securities convertible into preferred stock ranking equally with and/or junior to the Series U

Preferred Stock with respect to the payment of dividends (whether such dividends are cumulative or noncumulative) and/or the distribution of assets upon the Company’s liquidation, dissolution or winding up will not be deemed to adversely affect the voting powers, preferences or special rights of the Series U Preferred Stock, and no stockholder will have the right to vote on such an increase, creation or issuance by reason of this Section 7.

If any amendment, alteration, repeal, share exchange, reclassification, merger or consolidation specified in this Section 7(c) would adversely affect one or more but not all series of preferred stock of the Company, then only such series of preferred stock as are adversely affected by and entitled to vote on the matter shall vote on the matter together with the Series U Preferred Stock as a single class (in lieu of all other series of preferred stock) for purposes of the vote or consent required by this Section 7(c).

(d) No Vote if Redemption. No vote or consent of the Holders shall be required pursuant to Section 7(b) or 7(c) if, at or prior to the time when the act with respect to such vote or consent would otherwise be required shall be effected, the Company shall have redeemed or shall have called for redemption all outstanding shares of Series U Preferred Stock, with proper notice and sufficient funds having been set aside for such redemption, in each case pursuant to Section 6 above.

Section 8. Preemption and Conversion Rights.

The Holders shall not have any preemptive rights or conversion rights as a result of the terms hereof.

Section 9. Rank.

For the avoidance of doubt, the Board of Directors or any duly authorized committee thereof may, without the vote of the Holders, authorize and issue additional shares of Junior Stock or shares of any class or series of stock of the Company now existing or hereafter authorized that ranks equally with the Series U Preferred Stock in the payment of dividends or in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company.

Section 10. Reacquired Shares.

The Board of Directors shall take such actions as are necessary to cause the shares of Series U Preferred Stock which have been redeemed or otherwise purchased or acquired by the Company to be retired and restored to the status of authorized but unissued shares of preferred stock without designation as to series.

Section 11. No Sinking Fund.

Shares of Series U Preferred Stock are not subject to the operation of a sinking fund.

Section 12. Transfer Agent, Calculation Agent, Registrar and Paying Agent.

The duly appointed Transfer Agent, Registrar and paying agent for the Series U Preferred Stock shall be Computershare Trust Company, N.A. The duly appointed Calculation Agent for the Series U Preferred Stock shall be Citibank, N.A., London branch. The Company may, in its sole discretion, remove the Transfer Agent and/or the Calculation Agent in accordance with the respective agreements between the Company and the Transfer Agent and the Company and the Calculation Agent; provided, however, that the Company shall appoint a successor transfer agent and/or calculation agent who shall accept such appointment prior to the effectiveness of such removal. Upon any such removal or appointment, the Company shall send notice thereof by first-class mail, postage prepaid, to the Holders.

Section 13. Replacement Certificates for Mutilated, Destroyed, Stolen and Lost Certificates.

Section 14. Form.

(a) Series U Preferred Stock Certificates. Series U Preferred Stock shall be issued in certificated form in substantially the form attached hereto as Exhibit A (each, a “Series U Preferred Stock Certificate”). Exhibit A is hereby incorporated in and expressly made a part of this Certificate of Designations. The Series U Preferred Stock Certificates may have notations, legends or endorsements required by law, stock exchange rules, agreements to which the Company is subject, if any, or usage (provided that any such notation, legend or endorsement is in a form acceptable to the Company).

(b) Signature. Two Officers shall sign any Series U Preferred Stock Certificate for the Company, in accordance with the Company’s by-laws and applicable law, by manual or facsimile signature. If an Officer whose signature is on a Series U Preferred Stock Certificate no longer holds that office at the time the Transfer Agent countersigned the Series U Preferred Stock Certificate, such Series U Preferred Stock Certificate shall be valid nevertheless. A Series U Preferred Stock Certificate shall not be valid until an authorized signatory of the Transfer Agent manually countersigns such Series U Preferred Stock Certificate. Each Series U Preferred Stock Certificate shall be dated the date of its countersignature.

Section 15. Taxes.

(a) Transfer Taxes. The Company shall pay any and all stock transfer, documentary, stamp and similar taxes that may be payable in respect of any issuance or delivery of shares of Series U Preferred Stock. The Company shall not, however, be required to pay any such tax that may be payable in respect of any transfer involved in the issuance or delivery of shares of Series U Preferred Stock, in a name other than that in which the shares of Series U Preferred Stock were registered, or in respect of any payment to any Person other than a payment to the registered holder thereof, and shall not be required to make any such issuance, delivery or payment unless and until the Person otherwise entitled to such issuance, delivery or payment has paid to the Company the amount of any such tax or has established, to the satisfaction of the Company, that such tax has been paid or is not payable.

(b) Withholding. All payments and distributions (or deemed distributions) on the shares of Series U Preferred Stock shall be subject to withholding and backup withholding of tax to the extent required by law, subject to applicable exemptions, and amounts withheld, if any, shall be treated as received by Holders.

Section 16. Notices.

All notices referred to herein shall be in writing, and, unless otherwise specified herein, all notices hereunder shall be deemed to have been given upon the earlier of receipt thereof or three business days after the mailing thereof if sent by registered or certified mail (unless first class mail shall be specifically permitted for such notice under the terms of this Certificate of Designations) with postage prepaid, addressed: (i) if to the Company, to its office at 388 Greenwich Street, New York, New York 10013 (Attention: Corporate Secretary) or to the Transfer Agent at its office at 150 Royall Street, Canton, Massachusetts 02021, or other agent of the Company designated as permitted by this Certificate of Designations, or (ii) if to any Holder, to such Holder at the address of such Holder as listed in the stock record books of the Company (which may include the records of the Transfer Agent) or (iii) to such other address as the Company or any such Holder, as the case may be, shall have designated by notice similarly given.

Section 17. Other Rights Disclaimed.

The shares of Series U Preferred Stock have no voting powers, preferences or relative, participating, optional or other special rights, or qualifications, limitations or restrictions thereof, other than as set forth herein or in the Certificate of Incorporation of the Company.

IN WITNESS WHEREOF, this Certificate of Designations has been executed on behalf of the Company by its Treasurer this 11th day of September, 2019.

CITIGROUP INC.

By: /s/ Michael Verdeschi_______________________________

Name: Michael Verdeschi

Title: Treasurer

Exhibit A

FORM OF

5.000% FIXED RATE / FLOATING RATE NONCUMULATIVE PREFERRED STOCK, SERIES U

Certificate Number_______ Number of Shares of Series U Preferred Stock______

CUSIP NO.:

CITIGROUP INC.

5.000% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series U

(par value $1.00 per share)

(liquidation preference $25,000 per share)

Citigroup Inc., a Delaware corporation (the “Company”), hereby certifies that [ ] (the “Holder”) is the registered owner of [ ] fully paid and non-assessable shares of the Company’s designated 5.000% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series U, with a par value of $1.00 per share and a liquidation preference of $25,000 per share (the “Series U Preferred Stock”). The shares of Series U Preferred Stock are transferable on the books and records of the Registrar, in person or by a duly authorized attorney, upon surrender of this certificate duly endorsed and in proper form for transfer. The designations, rights, privileges, restrictions, preferences and other terms and provisions of the Series U Preferred Stock represented hereby are and shall in all respects be subject to the provisions of the Certificate of Designations dated September 11, 2019 as the same may be amended from time to time (the “Certificate of Designations”). Capitalized terms used herein but not defined shall have the meaning given them in the Certificate of Designations. The Company will provide a copy of the Certificate of Designations to a Holder without charge upon written request to the Company at its principal place of business.

Reference is hereby made to select provisions of the Series U Preferred Stock set forth on the reverse hereof, and to the Certificate of Designations, which select provisions and the Certificate of Designations shall for all purposes have the same effect as if set forth at this place.

Upon receipt of this certificate, the Holder is bound by the Certificate of Designations and is entitled to the benefits thereunder.

Unless the Registrar has properly countersigned, these shares of Series U Preferred Stock shall not be entitled to any benefit under the Certificate of Designations or be valid or obligatory for any purpose.

IN WITNESS WHEREOF, this certificate has been executed on behalf of the Company by its [Title] and by its [Title] this __ day of _______, ________.

CITIGROUP INC.

By: _______________________________________

Name:

Title:

By: _______________________________________

Name:

Title:

REGISTRAR’S COUNTERSIGNATURE

These are shares of Series U Preferred Stock referred to in the within-mentioned Certificate of Designations.

Dated:

COMPUTERSHARE TRUST COMPANY, N.A., as Registrar

By: _______________________________________

Name:

Title:

REVERSE OF CERTIFICATE

Dividends on each share of Series U Preferred Stock shall be payable at the rate provided in the Certificate of Designations.

The shares of Series U Preferred Stock shall be redeemable at the option of the Company in the manner and in accordance with the terms set forth in the Certificate of Designations.

The Company shall furnish without charge to each holder who so requests the powers, designations, preferences and relative, participating, optional or other special rights of each class or Series of share capital issued by the Company and the qualifications, limitations or restrictions of such preferences and/or rights.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned assigns and transfers the shares of Series U Preferred Stock evidenced hereby to:

___________________________________________________

(Insert assignee’s social security or taxpayer identification number, if any)

___________________________________________________

(Insert address and zip code of assignee)

and irrevocably appoints:

___________________________________________________

as agent to transfer the shares of Series U Preferred Stock evidenced hereby on the books of the Transfer Agent. The agent may substitute another to act for him or her.

Date:

Signature:

___________________________________________________

(Sign exactly as your name appears on the other side of this Certificate)

Signature Guarantee: ___________________________________________________

CERTIFICATE OF RETIREMENT

OF PREFERRED STOCK

OF CITIGROUP INC.

(Pursuant to Section 243 of the General

Corporation Law of the State of Delaware)

CITIGROUP INC., a corporation duly organized and existing under the General Corporation Law of the State of Delaware, certifies as follows:

FIRST: Citigroup's Restated Certificate of Incorporation, as amended (the "Certificate of Incorporation"), authorizes the issuance of 60,000 shares of 5.800% Fixed Rate / Floating Rate Non-Cumulative Preferred Stock, Series N (the "Preferred Stock, Series N"), each such share with $1.00 par value and a stated value of $25,000 per share.

SECOND: Citigroup has retired all of the authorized shares of the Preferred Stock, Series N.

THIRD: Pursuant to the provisions of Section 243 of the General Corporation Law of the State of Delaware, the shares that were designated to Preferred Stock, Series N are hereby returned to the status of authorized but unissued shares of the Preferred Stock of Citigroup Inc.

IN WITNESS WHEREOF, CITIGROUP INC. has caused this certificate to be signed by the below duly authorized Assistant Treasurer this 19th day of November, 2019.

CITIGROUP INC.

By: /s/ Elissa Steinberg________________

Elissa Steinberg

Assistant Treasurer

CERTIFICATE OF DESIGNATIONS

4.700% FIXED RATE / FLOATING RATE NONCUMULATIVE PREFERRED STOCK SERIES V

CITIGROUP INC.

______________________________

pursuant to Section 151 of the

General Corporation Law of the State of Delaware

______________________________

Citigroup Inc., a Delaware corporation (the “Company”), hereby certifies that:

3. Pursuant to the authority conferred upon a preferred stock committee (the “Preferred Stock Committee”) by the Board of Directors, the Preferred Stock Committee, by action duly taken on January 15, 2020, adopted resolutions (i) authorizing the issuance and sale of up to 60,000 shares of the Company’s preferred stock and (ii) approving this final form of Certificate of Designations of 4.700% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series V (the “Series V Preferred Stock”), establishing the number of shares to be included in this Series V Preferred Stock and fixing the designation, powers, preferences and rights of the shares of this Series V Preferred Stock and the qualifications, limitations or restrictions thereof as follows:

Section 1. Designation.

The designation of the Series of preferred stock shall be “4.700% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series V” (the “Series V Preferred Stock”). Each share of Series V Preferred Stock shall be identical in all respects to every other share of Series V Preferred Stock.

Section 2. Number of Shares.

The number of authorized shares of Series V Preferred Stock shall be 60,000. That number from time to time may be increased (but not in excess of the total number of authorized shares of preferred stock) or decreased (but not below the number of shares of Series V Preferred Stock then outstanding) by further resolution duly adopted by the Board of Directors, the Preferred Stock Committee or any other duly authorized committee thereof and by the filing of a certificate pursuant to the provisions of the General Corporation Law of the State of Delaware stating that such increase or reduction, as the case may be, has been so authorized. The Company shall have the authority to issue fractional shares of Series V Preferred Stock.

Section 3. Definitions. As used herein with respect to Series V Preferred Stock: