Public Relations MetLife, Inc. One MetLife Plaza News 27-01 Queens Plaza North For Immediate Release Long Island City, NY 11101 [MetLife Logo] Contacts: For Media: John Calagna (212) 578-6252 For Investors: Tracey Dedrick (212) 578-5140 METLIFE COMPLETES ACQUISITION OF CITISTREET ASSOCIATES NEW YORK, September 1, 2005 - MetLife, Inc. (NYSE: MET) announced today it has completed the acquisition of CitiStreet Associates, a division of CitiStreet LLC that is primarily involved in the distribution of annuity products and retirement plans to the education, healthcare, and not-for-profit markets. As previously announced, the CitiStreet Associates transaction is related to MetLife's acquisition of Travelers Life & Annuity from Citigroup Inc., which closed on July 1, 2005. CitiStreet Associates will be combined with MetLife Resources, a division of MetLife similarly dedicated to providing retirement plans and financial services to the same markets. This combination will be completed on January 1, 2006. "MetLife Resources and CitiStreet Associates together will dramatically increase our market reach in the 403(b) and 457 market," said Robert H. Benmosche, chairman and chief executive officer, MetLife, Inc. "We will serve in excess of 1.5 million customers in this market, managing more than $30 billion in retirement plan assets." MetLife did not acquire CitiStreet LLC which is a joint venture owned equally by affiliates of Citigroup Inc. and State Street Corp. MetLife, Inc. is a leading provider of insurance and other financial services to millions of individual and institutional customers throughout the United States. Through its subsidiaries and affiliates, MetLife, Inc. offers life insurance, annuities, automobile and homeowner's insurance and retail banking services to individuals, as well as group insurance, reinsurance and retirement and savings products and services to corporations and other institutions. Outside the U.S., the MetLife companies have direct insurance operations in Asia Pacific, Latin America and Europe. For more information, please visit www.metlife.com. 1 This release contains statements which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to trends in the company's operations and financial results and the business and the products of the company and its subsidiaries, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend" and other similar expressions. Forward-looking statements are made based upon management's current expectations and beliefs concerning future developments and their potential effects on the company. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from those included in the forward-looking statements as a result of risks and uncertainties including, but not limited to the following: (i) changes in general economic conditions, including the performance of financial markets and interest rates; (ii) heightened competition, including with respect to pricing, entry of new competitors and the development of new products by new and existing competitors; (iii) unanticipated changes in industry trends; (iv) the company's primary reliance, as a holding company, on dividends from its subsidiaries to meet debt payment obligations and the applicable regulatory restrictions on the ability of the subsidiaries to pay such dividends; (v) deterioration in the experience of the "closed block" established in connection with the reorganization of Metropolitan Life Insurance Company; (vi) catastrophe losses; (vii) adverse results or other consequences from litigation, arbitration or regulatory investigations; (viii) regulatory, accounting or tax changes that may affect the cost of, or demand for, the company's products or services; (ix) downgrades in the company's and its affiliates' claims paying ability, financial strength or credit ratings; (x) changes in rating agency policies or practices; (xi) discrepancies between actual claims experience and assumptions used in setting prices for the company's products and establishing the liabilities for the company's obligations for future policy benefits and claims; (xii) discrepancies between actual experience and assumptions used in establishing liabilities related to other contingencies or obligations; (xiii) the effects of business disruption or economic contraction due to terrorism or other hostilities; (xiv) the company's ability to identify and consummate on successful terms any future acquisitions, and to successfully integrate acquired businesses with minimal disruption; and (xv) other risks and uncertainties described from time to time in the company's filings with the Securities and Exchange Commission, including its S-1 and S-3 registration statements. The company specifically disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. # # # 2