Citigroup Global Markets Australia Pty Limited

This licence authorises the licensee to carry on a financial services business to:

provide financial product advice to retail and wholesale clients in relation to the following classes of financial products:

derivatives;

foreign exchange contracts;

debentures, stocks or bonds issued or proposed to be issued by a government;

interests in managed investment schemes excluding investor directed portfolio services;

securities;

provide general financial product advice to retail clients in relation to the following classes of financial products:

carbon units;

Australian carbon credit units; and

eligible international emissions units;

provide financial product advice to wholesale clients in relation to the following classes of financial products:

carbon units;

Australian carbon credit units; and

eligible international emissions units;

deal in a financial product by:

issuing, applying for, acquiring, varying or disposing of a financial product to retail and wholesale clients in respect of the following classes of financial products:

derivatives;

foreign exchange contracts;

interests in managed investment schemes excluding investor directed portfolio services; and

securities;

applying for, acquiring, varying or disposing of a financial product on behalf of another person to retail and wholesale clients in respect of the following classes of products:

derivatives;

foreign exchange contracts;

debentures, stocks or bonds issued or proposed to be issued by a government;

interests in managed investment schemes excluding investor directed portfolio services;

securities;

applying for, acquiring, varying or disposing of a financial product on behalf of another person to wholesale clients in respect of the following classes of products:

carbon units;

Australian carbon credit units; and

eligible international emissions units; and

underwriting to retail and wholesale clients:

interests in managed investment schemes; and

an issue of securities;

make a market to retail and wholesale clients for the following financial products:

foreign exchange contracts;

derivatives;

debentures, stocks or bonds issued or proposed to be issued by a government and/or debentures issued by any other body;

limited to financial products other than:

derivatives;

foreign exchange contracts; and

debentures, stocks or bonds issued or proposed to be issued by a government and/or debentures issued by any other body; and

make a market to wholesale clients for the following financial products:

carbon units;

Australian carbon credit units;

eligible international emissions units; and

provide the following custodial or depository services to retail and wholesale clients:

operate custodial or depository services other than investor directed portfolio services.