--------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------------------------------
SCHEDULE 13D
(Rule 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
ORIENT-EXPRESS HOTELS LTD.
(Name of Issuer)
Class A Common Shares, par value U.S.$0.01 per Share
(Title of Class of Securities)
G67743107
(CUSIP Number)
Christopher Walton, Esq.
Clifford Chance Limited Liability Partnership
200 Aldersgate Street
London EC1A 4JJ, England
011-44-20-7600-1000
(Name, Address, and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 10, 2003
(Date of Event Which Requires Filing of This Statement)
----------------------------------
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box ?.
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
(Continued on following pages)
------------------------------- ---------------------------
CUSIP No. G67743107 13D Page 2 of Pages 17
------------------------------- ---------------------------
------------------------------- -------------------- ---------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Citibank International plc
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
----------- ---------------------------------------------------------- ---------
----------- ---------------------------------------------------------- ---------
3 SEC USE ONLY
----------- -------------------------------------------------------------------
----------- -------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
----------- -------------------------------------------------------------------
----------- -------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
England and Wales
----------- --------------------------------------------------------------------
---------------------- --------- -----------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER 0
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON WITH
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
8 SHARED VOTING POWER 14,403,300**
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
9 SOLE DISPOSITIVE POWER 0
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
10 SHARED DISPOSITIVE POWER 14,403,300**
---------------------- --------- -----------------------------------------------
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,403,300**
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
46.8%***
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
----------- --------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** Represents (i) 11,943,901 Class A Shares and (ii) 2,459,399 Class B Shares,
all or portion of which may be converted into Class A Shares.
*** Based on 28,340,601 Class A Shares outstanding as of April 30, 2003, and
including the 2,459,399 Class B Shares referred to above upon conversion
thereof.
2
(Continued on following pages)
------------------------------- ---------------------------
CUSIP No. G67743107 13D Page 3 of Pages 17
------------------------------- ---------------------------
------------------------------- -------------------- ---------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Citicorp Trustee Company Limited
----------- --------------------------------------------------------------------
----------- ---------------------------------------------------------- ---------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
----------- ---------------------------------------------------------- ---------
----------- ---------------------------------------------------------- ---------
3 SEC USE ONLY
----------- ---------------------------------------------------------- ---------
----------- ----------------------------------------------------------
4 SOURCE OF FUNDS
OO
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
England and Wales
----------- --------------------------------------------------------------------
---------------------- --------- -----------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER 0
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON WITH
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
8 SHARED VOTING POWER 14,403,300**
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
9 SOLE DISPOSITIVE POWER 0
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
10 SHARED DISPOSITIVE POWER 14,403,300**
---------------------- --------- -----------------------------------------------
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,403,300**
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
46.8%***
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
----------- --------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** Represents (i) 11,943,901 Class A Shares and (ii) 2,459,399 Class B Shares,
all or portion of which may be converted into Class A Shares.
*** Based on 28,340,601 Class A Shares outstanding as of April 30, 2003, and
including the 2,459,399 Class B Shares referred to above upon conversion
thereof.
3
(Continued on following pages)
------------------------------- ---------------------------
CUSIP No. G67743107 13D Page 4 of Pages 17
------------------------------- ---------------------------
------------------------------- -------------------- ---------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Citibank Investments Limited
----------- --------------------------------------------------------------------
----------- ---------------------------------------------------------- ---------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
----------- ---------------------------------------------------------- ---------
----------- ---------------------------------------------------------- ---------
3 SEC USE ONLY
----------- ---------------------------------------------------------- ---------
----------- ---------------------------------------------------------- ---------
4 SOURCE OF FUNDS
OO
----------- ---------------------------------------------------------- ---------
----------- ---------------------------------------------------------- ---------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
England and Wales
----------- --------------------------------------------------------------------
---------------------- --------- -----------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER 0
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON WITH
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
8 SHARED VOTING POWER 14,403,300**
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
9 SOLE DISPOSITIVE POWER 0
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
10 SHARED DISPOSITIVE POWER 14,403,300**
---------------------- --------- -----------------------------------------------
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,403,300**
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
46.8%***
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
----------- --------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** Represents (i) 11,943,901 Class A Shares and (ii) 2,459,399 Class B Shares,
all or portion of which may be converted into Class A Shares.
*** Based on 28,340,601 Class A Shares outstanding as of April 30, 2003, and
including the 2,459,399 Class B Shares referred to above upon conversion
thereof.
4
(Continued on following pages)
------------------------------- ---------------------------
CUSIP No. G67743107 13D Page 5 of Pages 17
------------------------------- ---------------------------
------------------------------- -------------------- ---------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Citibank Overseas Investment Corporation
----------- --------------------------------------------------------------------
----------- ---------------------------------------------------------- ---------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
----------- ---------------------------------------------------------- ---------
----------- ---------------------------------------------------------- ---------
3 SEC USE ONLY
----------- ---------------------------------------------------------- ---------
----------- ----------------------------------------------------------
4 SOURCE OF FUNDS
OO
----------- ---------------------------------------------------------- ---------
----------- ----------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
Federally chartered pursuant to Section 25(a) of the U.S.
Federal Reserve Act
----------- --------------------------------------------------------------------
---------------------- --------- -----------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER 0
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON WITH
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
8 SHARED VOTING POWER 14,403,300**
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
9 SOLE DISPOSITIVE POWER 0
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
10 SHARED DISPOSITIVE POWER 14,403,300**
---------------------- --------- -----------------------------------------------
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,403,300**
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
46.8%***
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
----------- --------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** Represents (i) 11,943,901 Class A Shares and (ii) 2,459,399 Class B Shares,
all or portion of which may be converted into Class A Shares.
*** Based on 28,340,601 Class A Shares outstanding as of April 30, 2003, and
including the 2,459,399 Class B Shares referred to above upon conversion
thereof.
5
(Continued on following pages)
------------------------------- ---------------------------
CUSIP No. G67743107 13D Page 6 of Pages 17
------------------------------- ---------------------------
------------------------------- -------------------- ---------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Citibank, N.A.
----------- --------------------------------------------------------------------
----------- ---------------------------------------------------------- ---------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
----------- ---------------------------------------------------------- ---------
----------- ---------------------------------------------------------- ---------
3 SEC USE ONLY
----------- ---------------------------------------------------------- ---------
----------- ----------------------------------------------------------
4 SOURCE OF FUNDS
OO
----------- ---------------------------------------------------------- ---------
----------- ----------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
National Banking Association
----------- --------------------------------------------------------------------
---------------------- --------- -----------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER 0
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON WITH
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
8 SHARED VOTING POWER 14,403,300**
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
9 SOLE DISPOSITIVE POWER 0
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
10 SHARED DISPOSITIVE POWER 14,403,300**
---------------------- --------- -----------------------------------------------
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,403,300**
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
46.8%***
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
BK
----------- --------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** Represents (i) 11,943,901 Class A Shares and (ii) 2,459,399 Class B Shares,
all or portion of which may be converted into Class A Shares.
*** Based on 28,340,601 Class A Shares outstanding as of April 30, 2003, and
including the 2,459,399 Class B Shares referred to above upon conversion
thereof.
6
(Continued on following pages)
------------------------------- ---------------------------
CUSIP No. G67743107 13D Page 7 of Pages 17
------------------------------- ---------------------------
------------------------------- -------------------- ---------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Citicorp
----------- --------------------------------------------------------------------
----------- ---------------------------------------------------------- ---------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
----------- ---------------------------------------------------------- ---------
----------- ---------------------------------------------------------- ---------
3 SEC USE ONLY
----------- ---------------------------------------------------------- ---------
----------- ----------------------------------------------------------
4 SOURCE OF FUNDS
OO
----------- ---------------------------------------------------------- ---------
----------- ----------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
----------- --------------------------------------------------------------------
---------------------- --------- -----------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER 0
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON WITH
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
8 SHARED VOTING POWER 14,403,300**
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
9 SOLE DISPOSITIVE POWER 0
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
10 SHARED DISPOSITIVE POWER 14,403,300**
---------------------- --------- -----------------------------------------------
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,403,300**
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
46.8%***
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
----------- --------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** Represents (i) 11,943,901 Class A Shares and (ii) 2,459,399 Class B Shares,
all or portion of which may be converted into Class A Shares.
*** Based on 28,340,601 Class A Shares outstanding as of April 30, 2003, and
including the 2,459,399 Class B Shares referred to above upon conversion
thereof.
7
(Continued on following pages)
------------------------------- ---------------------------
CUSIP No. G67743107 13D Page 8 of Pages 17
------------------------------- ---------------------------
------------------------------- -------------------- ---------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Citigroup Holdings Company
----------- --------------------------------------------------------------------
----------- ---------------------------------------------------------- ---------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
----------- ---------------------------------------------------------- ---------
----------- ---------------------------------------------------------- ---------
3 SEC USE ONLY
----------- ---------------------------------------------------------- ---------
----------- ----------------------------------------------------------
4 SOURCE OF FUNDS
OO
----------- ---------------------------------------------------------- ---------
----------- ----------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
----------- --------------------------------------------------------------------
---------------------- --------- -----------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER 0
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON WITH
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
8 SHARED VOTING POWER 14,403,300**
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
9 SOLE DISPOSITIVE POWER 0
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
10 SHARED DISPOSITIVE POWER 14,403,300**
---------------------- --------- -----------------------------------------------
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,403,300**
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
46.8%***
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
----------- --------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** Represents (i) 11,943,901 Class A Shares and (ii) 2,459,399 Class B Shares,
all or portion of which may be converted into Class A Shares.
*** Based on 28,340,601 Class A Shares outstanding as of April 30, 2003, and
including the 2,459,399 Class B Shares referred to above upon conversion
thereof.
8
(Continued on following pages)
------------------------------- ---------------------------
CUSIP No. G67743107 13D Page 9 of Pages 17
------------------------------- ---------------------------
------------------------------- -------------------- ---------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Citigroup Inc.
----------- --------------------------------------------------------------------
----------- ---------------------------------------------------------- ---------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
----------- ---------------------------------------------------------- ---------
----------- ---------------------------------------------------------- ---------
3 SEC USE ONLY
----------- ---------------------------------------------------------- ---------
----------- ----------------------------------------------------------
4 SOURCE OF FUNDS
OO
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
----------- --------------------------------------------------------------------
---------------------- --------- -----------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER 0
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON WITH
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
8 SHARED VOTING POWER 14,405,775**
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
9 SOLE DISPOSITIVE POWER 0
---------------------- --------- -----------------------------------------------
---------------------- --------- -----------------------------------------------
10 SHARED DISPOSITIVE POWER 14,405,775**
---------------------- --------- -----------------------------------------------
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,405,775**
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
46.8%***
----------- --------------------------------------------------------------------
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
----------- --------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** Represents (i) 11,946,376 Class A Shares and (ii) 2,459,399 Class B Shares,
all or portion of which may be converted into Class A Shares.
*** Based on 28,340,601 Class A Shares outstanding as of April 30, 2003, and
including the 2,459,399 Class B Shares referred to above upon conversion
thereof.
9
Item 1. Security and Issuer
This statement relates to the class A common shares, par value $0.01 per share
(the "Class A Shares"), of Orient-Express Hotels Ltd., a company organized and
existing under the laws of Bermuda ("OEH"), the principal executive offices of
which are located at 41 Cedar Avenue, P.O. Box HM 1179, Hamilton HM EX, Bermuda,
and the class B common shares, par value $0.01 per share (the "Class B Shares"
and, together with the Class A Shares, the "OEH Shares"), of OEH. The Class B
Shares are convertible into Class A Shares on a one-for-one basis at any time.
Holders of the Class A Shares are entitled to one-tenth of a vote per share and
holders of the Class B Shares are entitled to one vote per share. The Class A
Shares are listed on the New York Stock Exchange. There is no public trading
market for the Class B Shares.
Item 2. Identity and Background
This Statement is being jointly filed by Citibank International plc (the
"Agent"), Citicorp Trustee Company Limited (the "Trustee"), Citibank Investments
Limited ("CIL"), Citibank Overseas Investment Corporation ("COIC"), Citibank,
N.A. ("Citibank"), Citicorp ("Citicorp"), Citigroup Holdings Company ("Citigroup
Holdings") and Citigroup Inc. ("Citigroup" and, together with the Agent, the
Trustee, CIL, COIC, Citibank, Citicorp, and Citigroup Holdings, the "Reporting
Persons").
The Agent is a public limited company organized under the laws of England and
Wales. The address of its principal business office is Citigroup Centre, Canada
Square, Canary Wharf, London E14 5LB, England. The Agent, which is authorised by
the U.K. Financial Services Authority under the U.K. Financial Services and
Markets Act 2000, provides corporate and investment banking, private banking and
asset management and consumer banking products and services through business
divisions and a branch network in the United Kingdom and Continental Europe.
The Trustee is a limited company organized under the laws of England and Wales.
The address of its principal business office is Citigroup Centre, Canada Square,
Canary Wharf, London E14 5LB, England. The Trustee, which is authorised under
the U.K. Financial Services and Markets Act 2000, primarily acts as depositary
or trustee for authorised collective investment schemes in the United Kingdom.
In addition, the Trustee undertakes the trusteeship of selected debt issues made
by corporations in the United Kingdom or overseas.
CIL is a limited company organized under the laws of England and Wales and is
the sole stockholder of each of the Agent and the Trustee. The address of its
principal business office is Citigroup Centre, Canada Square, Canary Wharf,
London E14 5LB, England. CIL is the holding company for subsidiary undertakings
of Citibank in the United Kingdom primarily engaged in the provision of
international banking and related financial services.
COIC is federally chartered pursuant to Section 25(a) of the U.S. Federal
Reserve Act and is the sole stockholder of CIL. The address of its principal
business office is One Penn's Way, New Castle, Delaware 19720. COIC is an
investment corporation that facilitates foreign capital ttransactions and equity
investments.
10
Citibank is a national banking association and is the sole stockholder of COIC.
The address of its principal business office is 399 Park Avenue, New York, New
York 10043. Citibank is a member of the Federal Reserve System and the Federal
Deposit Insurance Corp.
Citicorp is a Delaware corporation and is the sole stockholder of Citibank.
Citicorp is a U.S. bank holding company. The address of its principal business
office is 399 Park Avenue, New York, New York 10043.
Citigroup Holdings is a Delaware corporation and is the sole stockholder of
Citicorp. Citigroup Holdings is a U.S. bank holding company. The address of its
principal business office is One Rodney Square, Wilmington, Delaware 19899.
Citigroup is a Delaware corporation and is the sole stockholder of Citigroup
Holdings. The address of the principal business office of Citigroup is 399 Park
Avenue, New York, New York 10043. Citigroup is a diversified holding company
whose businesses provide a broad range of financial services to consumer and
corporate customers around the world.
A joint filing agreement of the Reporting Persons is attached hereto as Exhibit
1.
The following information with respect to each executive officer and director of
the Agent, the Trustee and Citigroup is set forth in Schedules A, B and C to
this Statement: (i) name, (ii) business address, (iii) present principal
occupation or employment and the name of any corporation or other organization
in which such employment is conducted, together with the principal business and
address of any such corporation or organization other than the Reporting Persons
for which such information is set forth above.
On April 28, 2003 Salomon Smith Barney, Inc. ("SSB"), now named Citigroup Global
Markets, Inc., a subsidiary of Citigroup, announced final agreements with the
Securities and Exchange Commission (the "Commission"), the National Association
of Securities Dealers, the New York Stock Exchange and the New York Attorney
General (as lead state among the 50 states, the District of Columbia and Puerto
Rico) to resolve on a civil basis all their outstanding investigations into its
research and initial public offering allocation and distribution practices.
SSB will pay $300 million for retrospective relief, plus $25 million for
investor education, and has committed to spend $75 million to provide
independent third-party research to its clients at no charge. SSB will also
adopt new policies and procedures to further ensure the independence of its
research and address other issues identified in the course of the investigation.
SSB reached these final settlement agreements without admitting or denying any
wrongdoing or liability. The settlements do not establish wrongdoing or
liability for purposes of any other proceeding.
11
Other than as described above, during the last five years, none of the Reporting
Persons or, to the best of the knowledge of the Reporting Persons, any of the
individuals set forth in Schedules A, B or C to this Statement, has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or was a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of which such person
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws, or finding any violation with respect to such laws.
The citizenship of each executive officer and director of the Agent, the Trustee
and Citigroup is identified in Schedules A, B and C to this Statement.
Item 3. Source and Amount of Funds or Other Consideration
The information contained in Item 4 of this Statement is incorporated herein by
reference.
Item 4. Purpose of Transaction
In connection with entering into a Term Facility Agreement (the "Facility
Agreement"), dated June 10, 2003, among (1) Sea Containers British Isles Limited
("SCBIL"), (2) SBCIL's affiliates named therein (the "Guarantors"), including
Sea Containers Limited ("SCL"), (3) Citigroup Global Markets Limited, Fortis
Bank and The Governor and Company of the Bank of Scotland (the "Arrangers"), (4)
Citicorp North America, Inc. ("CNA"), Fortis Bank S.A./N.V. ("FB") and The
Governor and Company of the Bank of Scotland ("BoS" and, together with CNA and
FB, the "Original Lenders"), (5) the Agent and (6) the Trustee, a copy of which
is filed as Exhibit 2 to this Statement, providing a secured term loan facility
of $158,000,000 (the "Facility") to SBCIL, SCL was required, prior to any
draw-down under the facility, to enter into a Custodian Account Charge (the
"Charge"), dated June 10, 2003, among SCL, the Trustee and Citibank, a copy of
which is filed as Exhibit 3 to this Statement, and an Escrow Agreement (the
"Escrow Agreement"), dated June 10, 2003, among SCL, the Trustee and Citibank, a
copy of which is filed as Exhibit 4 to this Statement, and to grant to the Agent
an irrevocable limited power-of-attorney (the "Power"), dated June 10, 2003, a
copy of which is filed as Exhibit 5 to this Statement. The Facility Agreement,
the Charge, the Escrow Agreement and the Power are hereby incorporated in this
Statement by reference.
The Charge and the Power were entered into by SCL to provide security for
amounts loaned to SBCIL by the Original Lenders and any additional lenders that
may subsequently become a party to the Facility Agreement under the Facility
("New Lenders" and, together with the Original Lenders, the "Lenders"). Until
such time as any New Lenders become party to the Facility Agreement, each of CNA
and BoS have agreed to make available for borrowing under the Facility up to an
aggregate amount of $35,000,000 until July 1, 2003, and each of CNA, FB and BoS
have agreed to make available for borrowing under the Facility up to one-third
of an aggregate amount of $158,000,000 on or after July 1, 2003.
12
Under the Facility Agreement, the Agent has the right to sell the OEH Shares, at
such times, in such manner and in such volumes as the Agent may direct in its
absolute discretion, at any time following the earlier of the occurrence of (1)
an event of default under the Facility Agreement, (2) any date on or after
November 15, 2003 on which the listed value of the OEH Shares is less than
$50,000,000, (3) November 15, 2003, if on such date the closing dates for the
sale by SBCIL and its affiliates of certain assets specified in the Facility
Agreement have not yet occurred, or (4) any date before November 15, 2003 on
which the proceeds from the sale by SBCIL and its affiliates of certain assets
specified in the Facility Agreement are less than the amount specified in the
Facility Agreement for the sale of such assets and SBCIL does not satisfy an
obligation under the Facility Agreement as a result of the shortfall of such
proceeds to make a pre-payment of amounts borrowed under the Facility. The
amount specified in the Facility Agreement to be realized upon the sale of any
of the specified assets should not be construed as an indication of the market
value of any such asset or the proceeds actually expected to be realized upon
the sale thereof by SCL or any other party to the Facility Agreement. The actual
proceeds received from such asset sales, if they occur, are likely to differ
from the amounts set forth in the Facility Agreement.
SCL granted the Power to the Agent to enable and permit the Agent to sell the
OEH Shares in order to enforce the rights of the Agent granted pursuant to the
terms of the Facility Agreement.
SCL entered into the Charge to provide a charge over all of its right, title and
interest in the OEH Shares for the benefit of the Trustee and the Agent, the
Arrangers, the Lenders and any receivers in respect of the assets of SCL and the
Guarantors securing amounts borrowed under the Facility. The Charge will remain
in effect until all obligations of SCBIL and the Guarantors under the Facility
Agreement and the related finance documents have been unconditionally and
irrevocably paid and discharged in full or until the Agent shall otherwise
direct. Pursuant to the Charge, upon receipt from the Agent of a notice that an
event of default under the Facility Agreement has occurred, the Custodian will
be required to transfer the OEH Shares to the Trustee. If an event of default
under the Facility Agreement occurs and is continuing, pursuant to the Charge
the Trustee may solely and exclusively exercise (or refrain from exercising) all
voting powers pertaining to the OEH Shares, and may sell, transfer, grant
options over or otherwise dispose of the OEH Shares, in either case in such
manner and on such terms which the Trustee in its absolute discretion thinks
fit.
SCL entered into the Escrow Agreement to establish a custody account in which to
hold the OEH Shares subject to the security interest in such OEH Shares granted
to the Trustee pursuant to the Charge.
The Agent and the Trustee will review on a continuous basis their interests in
the OEH Shares. The Agent and the Trustee may in the future take such actions in
respect of their interests in the OEH Shares as they deem appropriate in light
of the circumstances existing from time to time. Currently, these actions
include holding the OEH Shares they may be deemed to beneficially own or
disposing of the OEH Shares. Such dispositions could be effected in private
transactions, through a public offering or, upon compliance with the rules under
the Securities Act of 1933, as amended (the "Securities Act"), in the open
market. Additionally, it is possible that the Trustee, the Agent and/or the
other Reporting Persons could seek to acquire additional OEH Shares, although
none of them has any current plans to do so. Any acquisition of OEH Shares could
be effected in the open market, in privately negotiated transactions, or
otherwise. OEH Shares may be transferred from time to time among the Reporting
Persons and their affiliates. Any sales, purchases or transfers or other actions
described in this Statement may be made at any time without further prior
notice. In reaching any conclusion as to the foregoing matters, the Agent and
the Trustee will take into consideration various factors, such as the
obligations of the Agent and the Trustee to the Lenders, SCL's business,
prospects and financial condition, other developments concerning SCL, the market
price for the OEH Shares, stock market conditions, general economic conditions,
OEH's business and prospects and other developments concerning OEH.
13
On February 18, 2003, OEH filed with the Commission a shelf registration
statement on Form S-3 under the Securities Act (the "Shelf Registration
Statement"), registering for sale under the Securities Act, from time to time,
the 14,403,300 Class A Shares (including 2,459,399 Class B Shares issuable upon
conversion thereof) owned of record by SCL. The Shelf Registration Statement was
declared effective by the Commision, and would allow the sale of the OEH Shares
by SCL, the Agent or the Trustee through a public offering or in the public
market. The Facility Agreement contains provisions whereby SCL has agreed to use
its reasonable best efforts, including through using its voting rights and board
representation in OEH, to procure that OEH will maintain the effectiveness of
the Shelf Registration Statement and cooperate with any offering of the OEH
Shares that might be made thereunder or otherwise. The Agent (acting pursuant to
the Power), the Trustee (acting pursuant to the Charge) or SCL (with the consent
of the Agent) may dispose of the OEH Shares through a public offering or in open
market sales as contemplated by the Shelf Registration Statement or otherwise.
The Reporting Persons or their affiliates may act as an underwriter or agent in
connection with any such sales.
Except as set forth above, none of the Reporting Persons nor, to the best of the
knowledge and belief of the Reporting Persons, any of the individuals set forth
in Schedule A, B or C to this Statement, has any plans or proposals, that relate
to or would result in (a) the acquisition by any person of additional securities
of OEH or the disposition of securities of OEH; (b) an extraordinary corporate
transaction, such as a merger, reorganization or liquidation, involving OEH or
any of its subsidiaries; (c) a sale or transfer of a material amount of assets
of OEH or any of its subsidiaries; (d) any change in the present board of
directors or management of OEH, including any plans or proposals to change the
number or term of directors or to fill any existing vacancies on the board; (e)
any material change in the present capitalization or dividend policy of OEH; (f)
any other material change in OEH's business or corporate structure; (g) changes
in OEH's charter, by-laws or instruments corresponding thereto, or other actions
which may impede the acquisition of control of OEH by any person; (h) any class
of OEH's securities being delisted from a national securities exchange or
ceasing to be authorized to be quoted in an inter-dealer quotation system of a
registered national securities association; (i) any class of OEH's equity
securities becoming eligible for termination of registration pursuant to Section
12(g)(4) of the Securities Exchange Act of 1934, as amended; or (j) any action
similar to any of those enumerated above.
14
Item 5. Interest in Securities of the Issuer
As of the date of this Statement, the Reporting Persons may be deemed to
beneficially own, within the meaning of Rule 13d-3 under the Securities Exchange
Act of 1934, as amended, 14,405,775 OEH Shares. This amount includes (i)
14,403,300 OEH Shares (consisting of 11,943,901 Class A Shares and 2,459,399
Class B Shares, all or a portion of which may be converted into Class A Shares)
of which SCL is the record owner but which the Reporting Persons may be deemed
to beneficially own as a result of the Facility Agreement, the Charge and the
Power and (ii) 2,475 Class A Shares that may be deemed to be beneficially owned
by other subsidiaries of Citigroup for the benefit of third party customers. The
14,403,300 OEH Shares held of record by SCL represent approximately 46.76% of
the Class A Shares outstanding (based on 28,340,601 Class A Shares outstanding
as of April 30, 2003 and including the 2,459,399 Class B Shares referred to
above upon conversion thereof), and the 2,475 Class A Shares that may be deemed
to be beneficially owned by other subsidiaries of Citigroup for the benefit of
third party customers represent less than 0.01% of the Class A Shares
outstanding.
By virtue of entering into the Charge, as of the date of this Statement, the
Trustee may be deemed to have sole voting and dispositive power with respect to
the 14,403,300 OEH Shares owned of record by SCL. The Trustee expressly
disclaims beneficial ownership of the OEH Shares owned of record by SCL.
By virtue of entering into the Facility Agreement and having been granted the
Power by SCL, as of the date of this Statement the Agent may be deemed to have
sole dispositive power with respect to the 14,403,300 OEH Shares owned of record
by SCL. The Agent expressly disclaims beneficial ownership of the OEH Shares
owned of record by SCL.
Citigroup may be deemed to have shared voting power with third party customers
of subsidiaries of Citigroup with respect to the 2,475 Class A Shares that may
be deemed to be beneficially owned by other subsidiaries of Citigroup for the
benefit of third party customers. Citigroup expressly disclaims beneficial
ownership of the Class A Shares that may be deemed to be beneficially owned by
other subsidiaries of Citigroup for the benefit of third party customers.
By virtue of their potential status as a "group" for purposes of Rule 13d-5,
each of the Reporting Persons may be deemed to have shared voting and/or
dispositive power over the shares that may be deemed to be beneficially owned by
the other Reporting Persons. Each of the Reporting Persons expressly disclaims
beneficial ownership of the OEH Shares that may be deemed to be beneficially
owned by the other Reporting Persons.
Neither the filing of this Statement, nor any of its contents, shall be deemed
to constitute an admission that any Reporting Person is the beneficial owner of
any OEH Shares referred to in this Statement for the purposes of Section 13(d)
of the Exchange Act or for any other purpose, and such beneficial ownership is
expressly disclaimed.
15
During the past 60 days preceding the date of this Statement, none of the
Reporting Persons nor, to the best of the knowledge and belief of the Reporting
Persons, any of the individuals set forth in Schedules A, B and C to this
Statement, has effected any transaction in the shares of OEH, except as
described in Item 4 above.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
The descriptions of the Facility Agreement, the Charge, the Escrow Agreement and
the Power contained in Item 4 of this Statement are incorporated herein by
reference. Such descriptions are summaries of certain provisions of the Facility
Agreement, the Charge, the Escrow Agreement and the Power, copies of which have
been filed as Exhibits 2, 3, 4 and 5 to this Statement and are incorporated by
reference in this Statement, and such summaries are qualified by, and subject
to, the more complete information contained in such documents.
Except as described in this Statement or in the documents referred to and
incorporated by reference herein, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) among the Reporting Persons
or, to the best of the knowledge and belief of the Reporting Persons, any of the
individuals set forth in Schedules A, B or C to this Statement, or between such
persons and any person with respect to any securities of OEH.
Item 7. Material to be Filed as Exhibits
1. Joint Filing Agreement, dated as of June 20, 2003, among the Agent, the
Trustee, CIL, COIC, Citibank, Citicorp, Citigroup Holdings and Citigroup.
2. Term Facility Agreement, dated June 10, 2003, among SCBIL, the Guarantors
(including SCL), the Arrangers, the Original Lenders, the Agent and the
Trustee.*
3. Custodian Account Charge, dated June 10, 2003, among SCL, the Trustee and
Citibank.
4. Escrow Agreement, dated June 10, 2003, among SCL, the Trustee and Citibank.
5. Power-of-Attorney, dated June 10, 2003, of SCL.
----------------------
* Confidential treatment requested for portions of this exhibit.
16
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated: June 20, 2003
CITIBANK INTERNATIONAL PLC
By: /s/ Andrew M. Gaulter
-------------------------------
Name: Andrew M. Gaulter
Title: Company Secretary
CITICORP TRUSTEE COMPANY LIMITED
By: /s/ Jill Robson
-------------------------------
Name: Jill Robson
Title: Company Secretary
CITIBANK INVESTMENTS LIMITED
By: /s/ Andrew M. Gaulter
-------------------------------
Name: Andrew M. Gaulter
Title: Company Secretary
CITIBANK OVERSEAS INVESTMENT CORPORATION
By: /s/ William H. Wolf
-------------------------------
Name: William H. Wolf
Title: Executive Vice President
CITIBANK, N.A.
By: /s/ Serena D. Moe
-------------------------------
Name: Serena D. Moe
Title: Assistant Secretary
CITICORP
By: /s/ Serena D. Moe
-------------------------------
Name: Serena D. Moe
Title: Assistant Secretary
CITIGROUP HOLDINGS COMPANY
By: /s/ Serena D. Moe
-------------------------------
Name: Serena D. Moe
Title: Assistant Secretary
CITIGROUP INC.
By: /s/ Serena D. Moe
-------------------------------
Name: Serena D. Moe
Title: Assistant Secretary
17
SCHEDULE A
EXECUTIVE OFFICERS AND DIRECTORS OF
CITIBANK INTERNATIONAL PLC
Name, Position, Citizenship Title
(United Kingdom, unless
otherwise indicated)
-------------------------------------- -----------------------------------------
Winfried F. W. Bischoff Chairman,
Director Citigroup Europe
United Kingdom and Germany Citigroup Centre
Canada Square
Canary Wharf
London E14 5LG, England
Andrew Martin Gaulter Company Secretary
Secretary Citigroup Centre
Canada Square
Canary Wharf
London E14 5LG, England
Michael Stuart Klein Chief Executive Officer,
Director Global Corporate and Investment Bank EMEA
United States Citigroup Centre
Canada Square
Canary Wharf
London E14 5LG, England
William Joseph Mills Chief Operating Officer,
Director Global Corporate and Investment Bank EMEA
United States Citigroup Centre
Canada Square
Canary Wharf
London E14 5LG, England
John Martin Nestor Business Head,
Director Citigroup Asset Management EMEA
Citigroup Centre
Canada Square
Canary Wharf
London E14 5LG, England
John Joseph Roche Non-Executive Director
Director Citigroup Centre
United States Canada Square
Canary Wharf
London E14 5LG, England
William Meredith Samuel Managing Director
Director Citigroup Centre
Canada Square
Canary Wharf
London E14 5LG, England
Jean-Paul Francois Caroline Votron Chief Executive Officer,
Consumer Bank EMEA
Director 263g Boulevard Generaal Jacqueslaan
Belgium 1050 Brussels
Terence Ivan Williams Managing Director,
CitiFinancial Europe plc
Director Citigroup Centre
Canada Square
Canary Wharf
London E14 5LG, England
John Walter Anderson Non-Executive Director
Director Citigroup Centre
Canada Square
Canary Wharf
London E14 5LG, England
Francesco Paolo Vanni d'Archirafi Chairman and Chief Executive,
Citibank International plc
Director Citigroup Centre
Italy Canada Square
Canary Wharf
London E14 5LG, England
SCHEDULE B
EXECUTIVE OFFICERS AND DIRECTORS OF
CITICORP TRUSTEE COMPANY LIMITED
Name, Position, Citizenship
(United Kingdom,
unless otherwise indicated) Title
---------------------------------------- ---------------------------------------
Robert Harry Binney Director
Director Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB, England
Citicorporate Limited Secretary
Secretary Citigroup Centre
England and Wales Canada Square
Canary Wharf
London E14 5LB, England
Stephen David James Compliance Director
Director Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB, England
David John Mares Client Transaction Manager
Director Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB, England
Derrick Bernard Boniface Finance Director
Director Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB, England
Anne Ellen Frascarelli Risk Director
Director Citigroup Centre
United States Canada Square
Canary Wharf
London E14 5LB, England
Robert James Gibson Operations Director
Director Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB, England
Jillian Rosemary Hamblin Director (Corporate Debt)
Director Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB, England
Viola Joyce Deloris Japaul Director (Corporate Debt)
Director Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB, England
Marne Lidster Director (Corporate Debt)
Director Citigroup Centre
Canada Canada Square
Canary Wharf
London E14 5LB, England
John David Morris Non-Executive Director
Director Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB, England
Sean David Quinn Chief Executive
Director Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB, England
Huw St.John Rees Compliance Director
Director Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB, England
SCHEDULE C
EXECUTIVE OFFICERS AND DIRECTORS OF
CITIGROUP INC.
Name, Position, Citizenship
(United States,
unless otherwise indicated) Title
--------------------------------------------------------------------------------
C. Michael Armstrong Chairman, Comcast
Director 295 North Maple Avenue
Basking Ridge, NJ 07920
Alain J. P. Belda President & Chief Executive Officer
Director ALCOA Inc.
Brazil 390 Park Avenue
New York, NY 10022
George David Chairman & Chief Executive Officer
Director United Technologies Corporation
1 Financial Plaza
Hartford, CT 06101
Kenneth T. Derr Chairman, Retired
Director ChevronTexaco Corporation
575 Market Street
San Francisco, CA 94105
John M. Deutch Institute Professor
Director Massachusetts Institute of Technology
77 Massachussetts Avenue
Room 6-208
Cambridge, MA 02139
The Honorable Gerald R. Ford Former President of the United States
Honorary Director Post Office Box 927
Rancho Mirage, CA 92270
Ann Dibble Jordan Consultant
Director 2904 Benton Place, NW
Washington, DC 20008
Dudley C. Mecum Managing Director
Director Capricorn Holdings
30 East Elm Street
Greenwich, CT 06830
Richard D. Parsons Chief Executive Officer
Director AOL - Time Warner Inc.
75 Rockefeller Plaza
29th Floor
New York, NY 10019
Andrall E. Pearson Founding Chairman
Director Yum! Brands, Inc.
660 Steamboat Road
Greenbwich, CT 06830
Roberto Hernandez Ramirez Chairman
Director Banco de Nacional de Mexico
Mexico Actuario Roberto Medellin No. 800
Col. Santa Fe 01210
Mexico City, Mexico
Robert E. Rubin Chairman, Executive Committee,
Director and Executive Officer Citigroup Inc.
Member of the Office of the Chairman,
Citigroup Inc.
399 Park Avenue
New York, NY 10043
Franklin A. Thomas Consultant, TFF Study Group
Director 595 Madison Avenue
33rd Floor
New York, NY 10022
Sanford I. Weill Chairman and Chief Executive Officer
Director and Executive Officer Citigroup Inc.
399 Park Avenue
New York, NY 10043
Arthur Zankel Senior Managing Member,
Director High Rise Capital Management, L.P.
535 Madison Avenue
26th Floor
New York, NY 10022
Winfried F. W. Bischoff Chairman,
Executive Officer Citigroup Europe
United Kingdom and Germany 399 Park Avenue
New York, NY 10043
Michael A. Carpenter Chairman and
Chief Executive Officer - Citigroup
Executive Officer Global Investments
399 Park Avenue
New York, NY 10043
Robert Druskin Chief Operations
and Technology Officer -
Executive Officer Citigroup Inc.
399 Park Avenue
New York, NY 10043
Stanley Fischer Vice Chairman - Citigroup Inc.
Executive Officer 399 Park Avenue
New York, NY 10043
William P. Hannon Controller &
Chief Accounting Officer - Citigroup
Executive Officer Inc.
399 Park Avenue
New York, NY 10043
Michael S. Helfer General Counsel and
Corporate Secretary -Citigroup
Inc.
399 Park Avenue
New York, NY 10043
Thomas Wade Jones Chairman &
Chief Executive Officer - Global
Executive Officer Investment Management and
Private Banking Group
399 Park Avenue
New York, NY 10043
Sallie Krawcheck Chairman and
Chief Executive Officer - Smith Barney
Executive Officer 399 Park Avenue
New York, NY 10043
Marjorie Magner Chief Operating Officer -
Global Consumer Group
Executive Officer 399 Park Avenue
New York, NY 10043
Michael T. Masin Vice Chairman and
Chief Operating Officer
Executive Officer Citigroup Inc.
399 Park Avenue
New York, NY 10043
Deryck C. Maughan Vice Chairman - Citigroup Inc.
Executive Officer 399 Park Avenue
United Kingdom New York, NY 10043
Victor J. Menezes Senior Vice Chairman - Citigroup Inc.
Executive Officer 399 Park Avenue
New York, NY 10043
Charles O. Prince, III Chairman and CEO -
Citigroup Global Markets Inc.
Executive Officer 399 Park Avenue
New York, NY 10043
William R. Rhodes Senior Vice President - Citigroup Inc.
Executive Officer 399 Park Avenue
New York, NY 10043
Todd S. Thomson Chief Financial Officer - Citigroup Inc.
Executive Officer 399 Park Avenue
New York, NY 10043
Robert B. Willumstad President - Citigroup Inc.
Executive Officer 399 Park Avenue
New York, NY 10043