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Autoweb.com Joins Forces With Citibank to Provide Exclusive Online Car-Buying Benefits to Driver's Edge Cardholders

23 September 1999

Autoweb.com Joins Forces With Citibank to Provide Exclusive Online Car-Buying Benefits to Driver's Edge Cardholders

    SANTA CLARA, Calif., Sept. 23 -- Autoweb.com ,
the leading consumer automotive Internet service, announced today an agreement
with Citibank, to be the exclusive online car-buying service for Citibank's
Driver's Edge credit cardmembers.
    Citibank's popular Driver's Edge program allows members to earn up to
$500 a year in rebates that can be redeemed at the lease or purchase of any
car, new or used. Beginning this month, Citibank Driver's Edge cardmembers
will be encouraged to use Autoweb.com to research, select and finance their
next car.
    "We are delighted to add Citibank to our roster of distinguished
partners," said Bob Shapiro, vice president of business development at
Autoweb.com. "The combination of our comprehensive automotive Internet
services being offered exclusively to the world's premiere financial
institution's members will bring a dynamic marketing force to our customers."
    "Our goal is to offer our customers as many benefits as possible, " said
Joan Bonnette, business manager of Citibank Cards.  "The Autoweb.com
partnership enables us to enhance the features Citibank Driver's Edge
cardmembers currently enjoy, maximizing their purchase options."
    Autoweb.com is currently promoting the partnership with a free,
enter-to-win sweepstakes. For a limited time, consumers will have the
opportunity to visit Autoweb.com and complete a Citibank Driver's Edge
Platinum Select credit card application for the chance to win a $5,000 credit
towards the purchase of any new or used vehicle on Autoweb.com. The
sweepstakes ends September 28, 1999.
    The Company will continue developing the partnership on its Web site by
recognizing Citibank Driver's Edge as the preferred card for Autoweb.com, and
through both internal and external promotions. Citibank Driver's Edge
cardmembers will also be given one free used car listing each year, placing
their ad in a database consulted by millions of car shoppers each month.

    About Autoweb.com
    Autoweb.com is the leading consumer automotive Internet service. With an
extensive collection of automotive-related community, content and commerce
offerings, Autoweb.com guides consumers through every stage of vehicle
ownership from researching and buying, to enjoying, maintaining and selling.
As a trusted intermediary, the Autoweb.com process connects mass market
consumers to real-world buying alternatives through the most extensive network
of Member Dealers and other commerce partners, and ensures the consumer
experience is faster, better and easier.

    About Citibank
    Citibank is part of Citigroup; the world's most global financial services
organization.  Citigroup's consumer businesses cover a broad range of
financial services in 57 countries -- retail and private banking, credit and
charge cards, mortgage lending, consumer lending, personal financial planning,
personal insurance and investment brokerage and counseling.  These services
are marketed through Citibank, CitiFinancial (formerly Commercial Credit),
Primerica, Travelers Life & Annuity and Travelers Property Casualty.  Today,
Citigroup serves more than 100 million customers -- including consumers,
businesses, governments and financial institutions -- in 100 countries and
territories.
    The statements in this news release may contain forward-looking statements
that involve risks and uncertainties that could cause actual results to differ
from anticipated results. Further information on risk factors that could
affect the company's results is detailed in the company's Registration
Statement, as filed with the Securities and Exchange Commission, as well as
the Form 10-Q for the quarter ended June 30, 1999, filed with the Securities
and Exchange Commission.