New York, May 10, 2007 Global Transaction Services, a unit of Citi’s Markets and Banking, announced today that The Roosevelt Investment Group has appointed it as the service provider for the investment advisor’s retail separately managed accounts (SMA) business.

In our review of service providers, we were particularly impressed by Citi’s highly advanced operating platform, market leadership and established connectivity infrastructure that will enable us to grow our business rapidly, says David Sheer, Chief Financial Officer, The Roosevelt Investment Group. Another important contributing factor to our decision was the significant financial and professional commitment Citi has made in Operations and Technology to support its SMA business as well as its commitment to general industry innovation such as the launch of the SMA account opening hub.

We are very pleased to be appointed by The Roosevelt Investment Group to provide the operations support it needs to accelerate its success in the SMA marketplace, says Donald E. Colombo, Director, Global Transaction Services. By outsourcing these non-investment activities to us, Roosevelt can now concentrate on what it does best: Growing its business and delivering alpha for their clients.

The foundation of Citi’s SMA capabilities is Citi’s Asset Manager Solutions for Separately Managed Accounts, a tightly integrated end-to-end operations platform. Asset Manager Solutions automates key functions and adds value through:

• Automated account opening and maintenance

• Document imaging and archival, auto fax and workflow management
• Portfolio manufacturing, modeling, maintenance, automated restriction and tax management
• Automated trade blocking and execution — including sponsor connectivity, step outs, trade-aways and direct market access
• Account and trade confirmation, allocation
• Automated reconciliation
• Trade order generation services for account opening, account maintenance, and model changes
• Electronic trade routing and best execution monitoring and reporting services
• Performance reporting, attribution, composite maintenance and portfolio analytics
• Electronic support for voluntary corporate actions
• Client communications and fulfillment
• Embedded compliance reporting and audit control

Citi’s best-in-class services provide asset managers with a modular solution that promotes efficiencies and reduces operating costs, ultimately improving productivity and enhancing profitability.

About The Roosevelt Investment Group:

The Roosevelt Investment Group (TRIG), formed in 2002, is the successor investment management organization to Sheer Asset Management, Inc. founded in 1990, and The Roosevelt Investment Group, founded in 1971. The Roosevelt Investment Group manages All Cap Core equity portfolios and Global Enhanced fixed income accounts and currently has over $1.2 billion in assets under management. The firm also is the investment adviser for the Roosevelt Anti-Terror Multi-Cap Fund(TM), the only mutual fund certified by Conflict Securities Advisory Group as being terror-free. Additional information can be found at www.rooseveltinvestments.com or www.anti-terrorfund.com

Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing 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, and wealth management. Citi’s major brand names include Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com .