Citizens Financial Group Announces Repayment of Subordinated Notes

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Citizens Financial Group, Inc. (NYSE: CFG) today announced the redemption, on September 29, 2022, of all of its outstanding 6.50% fixed to floating rate subordinated notes due October 1, 2027 (CUSIP No. 380569AA1) (the “Bonds) assumed in connection with the recent acquisition of Investors Bancorp, Inc. by CFG. The redemption price of the Bonds will be equal to 100% of the principal amount of the Bonds redeemed, plus any accrued and unpaid interest up to the redemption date of September 29, 2022.

Pursuant to the Securities, holders of Securities will receive notice of redemption, the redemption price and other instructions and details relating to the redemption process.

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $226.7 billion in assets as of June 30, 2022. Headquartered in Providence, Rhode Island, Citizens offers a wide range of retail and commercial banking products and services for individuals, small businesses, ETIs, large corporations and institutions. Citizens helps its clients reach their potential by listening to them and understanding their needs in order to offer advice, ideas and tailor-made solutions. In Consumer Banking, Citizens offers an integrated experience that includes mobile and online banking, a full-service customer contact center, and the convenience of approximately 3,300 ATMs and approximately 1,200 branches in 14 states and the district. of Columbia. Consumer Banking’s products and services include a full range of banking, credit, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a wide range of financial products and solutions, including lending and leasing services, deposit and cash management services, foreign exchange risk management solutions, interest rates and commodities, as well as loan syndication, corporate finance, mergers and acquisitions, and debt and equity markets capabilities.

Forward-looking statements

“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: This communication contains “forward-looking statements”, which are statements relating to future and not past events. In this context, forward-looking statements often address our future business and financial performance and financial condition, and often contain words such as “expect”, “anticipate”, “intend”, “plan ‘, ‘believe’, ‘seek’, ‘see’, ‘will fly’, ‘would’ or ‘target’. Forward-looking statements, by their nature, address matters that are, to varying degrees, uncertain. Uncertainties that could cause our actual results to differ materially from those expressed in our forward-looking statements include the inability to complete such transaction or to make or take any deposit or other action necessary to complete such transaction on a timely basis or no way. . These or other uncertainties may cause our actual future results to differ materially from those expressed in our forward-looking statements.

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