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

NEW YORK--(BUSINESS WIRE)--Citigroup Global Markets Inc. (“Citi”) announced today the expiration on September 20, 2011 and final results of its cash tender offer (the “Offer”) to purchase any and all of the outstanding 33,000 Preferred Shares, par value U.S. $0.01 per share (the “Preferred Shares”) issued by Pro Rata Funding Ltd., an exempted company incorporated with limited liability under the laws of the Cayman Islands (the “Issuer”) for the consideration set forth in the table below (the “Offer Consideration”) and purchased by Citi in the Offer and on the terms and conditions set forth in the Offer to Purchase dated August 17, 2011 (the “Offer to Purchase”).

As of 11:59 p.m., New York City time, on September 20, 2011 (the “Expiration Time”), the number of Preferred Shares tendered and not withdrawn, the percentage of each such Preferred Shares tendered and not withdrawn, and the Offer Consideration to be received by Holders for each Preferred Share accepted was as set forth below:

Security	Number of Shares Tendered and Not Withdrawn	Number of Shares Outstanding as of August 17, 2011	Percentage of Outstanding Shares Tendered	Offer Consideration (per share)
Preferred Shares, Par Value U.S. $0.01 Per Share	6,725	33,000	20.38%	$100

The CUSIP for the Preferred Shares are set forth below:

Security	CUSIP
Preferred Shares, Par Value U.S. $0.01 Per Share	742689201 (Rule 144A Preferred Shares) G72721205 (Regulation S Preferred Shares) 742689300 (Accredited Investor Preferred Shares)

All of the Preferred Shares that were tendered at or prior to the Expiration Time have been accepted for purchase by Citi, with settlement expected to occur promptly after the Expiration Time.

Additional Information

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

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

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