Offer Summary

Offer Summary as extracted from page 2 of the PDS
Issuer	Citigroup Global Markets Australia Pty Limited ("Issuer")
Reference Shares	Each of the following Australian shares is a “Reference Share” and together they are the “Reference Shares”: BHP: BHP Billiton Limited LGL: Lihir Gold Limited OZL: OZ Minerals Limited
Offer Closes	23 September 2008 at 5:00pm
Issue Date	30 September 2008
Maturity Date	AUD Series: 30 June 2009 USD Series: 30 June 2009
Term of Investment	AUD Series: 9 months USD Series: 9 months Early Maturity is possible, including in the case of a Call Event.
Denomination	AUD Series: Australian Dollars USD Series: United States Dollars
Investment	The MLI which is an agreement between the Investor and the Issuer governed by the Terms.
Issue Price	AUD Series: AUD1.00 per MLI unit USD Series: USD1.00 per MLI unit
Minimum Investment Amount	AUD Series: AUD10,000 and multiples of AUD1,000 thereafter USD Series: USD10,000 and multiples of USD1,000 thereafter
Coupon Rate	AUD Series: A simple (non-compounding) rate of return set by the Issuer on the Issue Date. The Coupon Rate for the AUD Series will be greater than or equal to 20% per annum. As an indication, if the product had been issued at the date of this PDS, the Coupon Rate would have been 22% per annum. USD Series: A simple (non-compounding) rate of return set by the Issuer on the Issue Date. The Coupon Rate for the USD Series will be greater than or equal to 16% per annum. As an indication, if the product had been issued at the date of this PDS, the Coupon Rate would have been 18% per annum.
Coupon Amount and Coupon Payment Dates	Coupon Amount will be paid on each Coupon Payment Date as set out in the following table: Coupon Payment Date Coupon Amount 5 January 2009 25% X Coupon Rate X Investment Amount 2 April 2009 25% X Coupon Rate X Investment Amount 3 July 2009 25% X Coupon Rate X Investment Amount
Conditional Protection	The value of each MLI unit will not be capital guaranteed but is conditionally protected: if a Knock-In Event has not occurred; or if both a Knock-In Event and Call Event have occurred.
Initial Price	In respect of each Reference Share, the Official Closing Price of the Reference Share on the Issue Date.
Reference Price	In respect of each Reference Share, the Official Closing Price of such Reference Share as at the date on which it is observed.
Termination upon	If a Call Event occurs on any Call Event Observation Date, the Maturity Date will be deemed to be the Call Event Observation Date on which the Call Event occurs and Final Value per MLI will be the “Final Value per MLI if Call Event occurs” as specified below.
Call Event	If the Reference Price of each Reference Share on a Call Event Observation Date is greater than or equal to 90% of the Initial Price for that Reference Share.
Call Event Observation Dates	The scheduled Call Event Observation Dates are as set out in the table below: Call Event Observation Dates 30 December 2008 30 March 2009 30 June 2009, which is also the Maturity Date
Final Value per MLI if Call Event occurs	The Final Value per MLI if a Call Event occurs will be the same regardless of the Call Event Observation Date on which a Call Event occurs and even if a Knock-In Event has occurred during the investment period prior to the Call Event. The Final Value per MLI will be determined in the following manner: 100% x Issue Price
Final Value per MLI on the Maturity Date	If a Call Event does not occur on any Call Event Observation Date (including the Call Event Observation Date that is also the Maturity Date) then the MLI will mature on the Maturity Date. The Final Value per MLI on the Maturity Date will be determined in the following manner: Knock-In Event does NOT occur 1. If: (a) the Reference Price of the Worst Performing Reference Share as at the Maturity Date is less than 90% of the Initial Price of that Reference Share; and (b) no Knock-In Event has occurred on or prior to the Maturity Date, then the Final Value per MLI will be equal to: 100% x Issue Price Knock-In Event does occur 2. If: (a) the Reference Price of the Worst Performing Reference Share as at the Maturity Date is less than 90% of the Initial Price of that Reference Share; and (b) a Knock-In Event has occurred on or prior to the Maturity Date, then the Final Value per MLI will be equal to: Issue Price x (Reference Price of the Worst Performing Reference Share on the Maturity Date ÷ Initial Price of the Worst Performing Reference Share)
Knock-In Event	A Knock-In Event will occur if at any time on or prior to the Maturity Date the Reference Price of the Worst Performing Reference Share is less than or equal to 60% of the Initial Price of that Reference Share.
Worst Performing Reference Share	The Worst Performing Reference Share means the Reference Share with the lowest Reference Price relative to the Initial Price of that Reference Share, as determined by the Issuer.
Delivery Asset	Shares in BHP Billiton Limited (“BHP”) (an ASX listed share, ASX code: BHP).
Financial Adviser Fees	Upfront fee payable by the Issuer of 3.00% (including GST) of the initial Investment Amount. This fee will be paid by Citi at no additional cost to Investors.