Citigroup (NYSE: C) Citigroup Depositary Receipt Services, the preeminent depositary bank, announced today that it has established a NASDAQ listed ADR program for Focus Media Holding, Ltd., the largest out-of-home advertising network using audiovisual television displays in China based on the number of locations and the quantity of flat-panel television displays in its network. The company is headquartered in Shanghai. This is an initial public offering in the U.S. market exclusively.

The Focus Media American Depositary Shares (ADSs) trade on the NASDAQ under the symbol FMCN (CUSIP 34415V 109). The ratio of Ordinary Shares to ADRs is 10 to 1.

"As we build the Focus Media business starting with China, we aim to enhance our visibility globally including the U.S. capital market," said Jason Nanchun Jiang, Chairman and CEO. "Our NASDAQ listed ADR is key to achieving a strong global profile, and Citigroup's support has been instrumental."

"We look forward to a strong alliance with Focus Media as the company launches its NASDAQ listed ADR program, building a foundation for long-term commitment to investors in the U.S. capital market," said Robert Heitsenrether, Global Head of Citigroup Depositary Receipt Services.

Focus Media operates the largest out-of-home advertising network in China using audiovisual television displays, based on the number of locations and the quantity of flat-panel television displays in its network. The company has a presence in over 10,000 commercial locations and 400 retail stores in 44 major cities. As of March 31, 2005, Focus Media had placed 21,021 flat-panel television displays in high-traffic areas such as elevator lobbies of commercial buildings, retail chain stores, beauty parlors, and country clubs. For additional information about Focus Media, please visit ir.focusmedia.cn.

About Citigroup Depositary Receipt Services

Citigroup Depositary Receipt Services is a leader in bringing quality issuers to the U.S. market and promoting American Depositary Receipts (ADRs) as an effective capital markets tool. Citibank began offering ADRs in 1928 and today is widely recognized for providing non-U.S. companies with a gateway to the resources of Citigroup and the means to diversify shareholder bases and increase liquidity. In addition, Citigroup's financial strength and global reach provide clients with access to Citigroup's on-the-ground presence and in-depth knowledge of 90 local markets. For further information about depositary receipt programs and trends, visit www.citigroup.com/adr.

Depositary Receipt Services is a business line within Citigroup(R) Global Transaction Services, a leading provider of integrated cash management, trade, securities and fund services for corporations,financial institutions, intermediaries and governments around the world. With over $139 billion in average liability balances, more than $ 7.98 trillion in assets under custody and the largest proprietary branch network, Citigroup's award-winning operating systems and Internet-based delivery channels enable clients to manage and monitor working capital and investments more efficiently, streamline transaction processing cycles, and re-engineer receivables and payment processes. Citigroup(R) Global Transaction Services provides clients with access to Citigroup's full range of capabilities and solutions along with an on-the-ground presence and in-depth knowledge of more than 90 local markets. For additional information, see www.transactionservices.citigroup.com.

About Citigroup

Citigroup (NYSE: C), the preeminent global financial services company with some 200 million customer accounts in more than 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, and Banamex. Additional information may be found at: www.citigroup.com.

Copyright (C)2005 Citigroup. CITIGROUP and Umbrella Device are trademarks and service marks of Citicorp or its affiliates and are used and registered throughout the world. The above information is being provided solely for information purposes by Citibank, N.A. At the time of publication, this information was believed to be accurate, but Citibank, N.A. makes no representation or warranty as to correctness of the information set forth above. The above information does not constitute a recommendation, solicitation or offer by Citibank, N.A. for the purchase or sale of any securities, nor shall this material be construed in any way as investment or legal advice or a recommendation, reference or endorsement by Citibank, N.A.

国际知名的存托银行，花旗集团(Citigroup)的Depositary Receipt Services（预托证券服务）(纽约证券交易所：C)今日宣布该公司已为分众传媒(中国)控股有限公司(Focus Media Holding, Ltd.)建立了在纳斯达克上市的美国存托凭证（ADR）项目。分众传媒(中国)控股有限公司是目前中国最大的户外视频广告运营商，其视听电视网络建立于分布各地的大量平板电视显示设备基础之上。公司总部位于上海。这是其只在美国市场的首次公开发行股票。

分众传媒（Focus Media）美国存托证券在纳斯达克上市的代码为FMCN (CUSIP 34415V 109)。普通股对美国存托证券的比率是10：1。

分众传媒主席兼首席执行官江南春说：“由于分众传媒业务是在中国开始建立的，我们的目标是藉此提高我们在全球包括美国资本市场的透明度。我们在纳斯达克上市的美国存托凭证对于提升我们的国际形象至关重要，而花旗集团的支持也对我们帮助很大。

Citigroup Depositary Receipt Services的全球负责人Robert Heitsenrether说：“我们希望与分众传媒结成稳固的联盟，因为他们已经启动了其在纳斯达克上市的美国存托凭证项目，为确立美国资金市场上投资商的长期投资兴趣奠定了基础。”

依托其网内分布于各地的大量平板电视显示设备，分众传媒已成为中国最大的户外视频广告网络运营商。公司分布网点遍布10000多个商业地区，在44个主要城市设有400个零售商店。截至到2005年3月31日，公司已在交通密集地区安置了21021台平板电视显示器。这些交通密集地区包括：商务楼的电梯轿厢、零售连锁店、美容院和乡村俱乐部。欲了解更多关于分众传媒的信息，请访问 ir.focusmedia.cn 。

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Citigroup 存托凭证服务机构是一家引进优质发行商到美国市场并以发展美国存托证券作为一项有力的资本市场工具的领先服务机构。Citibank（花旗银行）于1928年开始发行美国存托证券，目前以向非美国公司提供享有Citigroup资源的通路和提供多样化股东基地及增加流动性的渠道而出名。此外，Citigroup的财力及全球性研究为客户提供了Citigroup当地推介和90个地方市场的详细资讯。欲了解关于存托凭证项目及其发展趋势的更多信息，请访问 www.citigroup.com/adr .

存托凭证服务机构是Citigroup® 全球业务服务机构的一项业务内容，Citigroup® 全球业务服务机构是一家为全球企业、金融机构、中介结构和政府提供综合现金管理的领先服务机构。有着逾1390亿美元的平均负债余额和逾7.98万亿美元的托管资产及最大的所有权分支网络，Citigroup一流的操作系统和基于因特网的交付渠道使得客户可以更有效地管理和监控营运资本及投资、简化业务处理循环、重新设计收付款过程。Citigroup® 全球业务服务机构使客户可以享受Citigroup的所有功能和解决方案及现场推介和对90多个市场的详细资讯。欲了解更多信息，请登录： www.transactionservices.citigroup.com 。

关于Citigroup（花旗集团）

Citigroup（纽约证券交易所：C）是一家十分著名的全球性金融服务公司，拥有大约2亿客户账户，并在100多个国家开展业务。为消费者、企业、政府和机构提供广泛的金融产品和服务。公司业务包括消费者银行业务和贷款、企业和投资银行、保险、证券经纪人业务和资产管理。Citigroup公司商标“红伞”（red umbrella）下的主要品牌名称包括：Citibank、CitiFinancial、Primerica、Smith Barney和Banamex。欲了解更多信息，请登录： www.citigroup.com 。

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