Jan. 31, 2003 -- Salomon Smith Barney Holdings Inc. today announced that on March 3, 2003 it will redeem for cash all outstanding preferred securities of its SSBH Capital I 7.200% Trust Preferred Securities (TRUPS). The redemption price will be $25.00 per Preferred Security plus accrued dividends to the date of redemption.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  SSBH Capital I, 7.20% Trust Preferred Securities (TRUPS), liquidation amount $25 per share, guaranteed by Salomon Smith Barney Holdings Inc., now a member of Citigroup (NYSE: C), redeemable at the issuer's option on or after 1/28/2003 at $25 per share plus accrued and unpaid dividends, maturing 1/28/2038, distributions of 7.20% per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record one business day prior to the payment date. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (see IPO prospectus for details). The trust's assets consist of the 7.20% Junior Subordinated Deferrable Interest Debt Securities due 1/28/2038 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	7.20% $1.80	$25.00 $25.00	Called for 3/03/2003 1/28/2038	-  -  -	3/31, 6/30, 9/30 & 12/31 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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Address and Phone Numbers

Address:   c/o Salomon Smith Barney, 388 Greenwich Street, New York, NY 10013
Main Phone Number	212-816-8000
Fax Number	212-816-8915
Toll Free Phone Number	888-777-0102