SchlumbergerSema Deploys Complete Smart Card Solution for Citi Cards

AUSTIN, Texas, December 9, 2002 - SchlumbergerSema, a business unit of Schlumberger Limited, announced today that acting as prime aggregator and systems integrator, it has delivered to Citi Cards the smart cards, card readers, loyalty applications and software applications for its smart card products, including Citi.You® Card and Citi Smart Card®. Citi Cards selected the SchlumbergerSema solution, which includes Cyberflex Palmera* 32K, a high security, multi-application financial smart card for credit/debit, loyalty and personal data management.
The SchlumbergerSema Cyberflex Palmera card used in Citi Cards smart card products are loaded with loyalty applications for smart card transactions, as well as with software applets for enabling smart card-based authentication. When consumers select their smart card products from the Citi Cards website at www.citicards.com, they will also order their choice of a serial or universal serial bus (USB) card reader, manufactured by SCM Microsystems.

"The advanced functionality that SchlumbergerSema brings to Citi's smart cards helps us define customer needs and offer unique versatility," explained Bill Borden, Citi Cards senior vice-president of Product and Business Development. "Creating value through enhanced security and user-friendly applications is a key focus for Citi Cards and SchlumbergerSema."

Citi's smart cards offer the consumer secure web-based transactions, along with the other benefits, such as security, data storage and convenience. Additional e-wallet functionality encourages cardholders to engage in e-commerce activities.

"Smart card technology has proven to increase new account acquisition," stated Paul Beverly, vice president Smart Cards and eTransactions, SchlumbergerSema North America. "By offering smart card programs along with loyalty applications and readers, Citi is enabling its card holders to manage valuable data, as well as perform secure transactions online."

With more than 20 years experience, SchlumbergerSema is the world's largest supplier of financial cards with global personalization and manufacturing facilities. The company provides a complete range of services to support financial institutions and large retailers in the design, development and deployment of their smart card programs.

About SchlumbergerSema

SchlumbergerSema is one of two business segments of Schlumberger Limited, a global technology services company. With more than 30,000 employees serving customers in 65 countries, SchlumbergerSema aggregates IT consulting, systems integration, managed services and related products to the oil and gas, telecommunications, energy and utilities, finance, transport and public sector markets. Leveraging the Schlumberger DeXa* Suite of Services, it also provides IP network connectivity, information security solutions, distributed computing support services and data center hosting services. In 2001, Schlumberger revenues were $14.3 billion. For more information, visit www.slb.com.

About Citi Cards

Citi Cards is part of 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, Salomon Smith Barney, Banamex, and Travelers Life and Annuity. Additional information may be found at: www.citigroup.com
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