AIG Announces Completion of the U.S. Department of the Treasury $20.7 Billion Offering of AIG Common Stock

  AIG Announces Completion of the U.S. Department of the Treasury $20.7
  Billion Offering of AIG Common Stock

      America’s $182.3 Billion Total Commitments to AIG Fully Recovered

   America Realizes More Than $15 Billion Combined Positive Return From AIG
                              Commitment to Date

         America’s Remaining Stake in AIG Worth More Than $8 Billion

Business Wire

NEW YORK -- September 14, 2012

American International Group, Inc. (NYSE: AIG) announced today the completion
of an offering of approximately 636.9 million shares of AIG common stock, par
value $2.50 per share (AIG Common Stock) by the U.S. Department of the
Treasury (Treasury). Treasury received proceeds of approximately $20.7 billion
from the sale of AIG Common Stock in the offering.

“Everyone at AIG is deeply proud that we kept our promise to make America
whole plus a profit,” said Robert H. Benmosche, AIG President and Chief
Executive Officer. “I am proud of the hard work and dedication the people of
AIG have demonstrated to reach this milestone, and once again we thank America
for the opportunity to prove that we would do the right thing with their
money. I believe where we stand today is a testament to the strength of the
AIG franchise, to the faith of our employees, customers, partners, and
stakeholders, and to America’s ability and willingness to fix problems and
emerge stronger from tests of crisis.”

The offering reduced Treasury’s remaining investment in AIG to approximately
234.2 million shares of common stock or approximately 15.9 percent of
outstanding shares from approximately 53.4 percent. According to Treasury
figures, Treasury and the Federal Reserve Bank of New York have received a
combined positive return of approximately $15.1 billion from their overall
$182.3 billion commitment to AIG. This profit does not include Treasury’s
remaining stake in AIG, which, if valued at the September 13, 2012, closing
price of $34.44 per share, would provide an additional profit of approximately
$8.1 billion.

The approximately 636.9 million shares of AIG Common Stock sold in the
offering included approximately 153.8 million shares purchased by AIG for an
aggregate purchase amount of approximately $5.0 billion, and approximately
83.1 million shares sold pursuant to the exercise in full of the underwriters’
option to purchase additional shares of AIG Common Stock to cover
over-allotments, for an aggregate purchase amount of approximately $2.7
billion. Since May 2011, Treasury has sold approximately 1.4 billion shares of
AIG Common Stock for total proceeds of approximately $44.0 billion, including
approximately $13 billion purchased by AIG.

American International Group, Inc. (AIG) is a leading international insurance
organization serving customers in more than 130 countries. AIG companies serve
commercial, institutional, and individual customers through one of the most
extensive worldwide property-casualty networks of any insurer. In addition,
AIG companies are leading providers of life insurance and retirement services
in the United States. AIG common stock is listed on the New York Stock
Exchange and the Tokyo Stock Exchange.


News Media:
Jim Ankner
(O): 212-770-3277
(C): 917-882-7677
Investment Community:
Liz Werner
(O): 212-770-7074
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