U.S. Treasury to Sell Its Last Remaining Shares of AIG Common Stock

  U.S. Treasury to Sell Its Last Remaining Shares of AIG Common Stock

AIG Thanks America

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

AIG Delivers to America Total Combined Positive Return of $22.7 Billion

Business Wire

NEW YORK -- December 11, 2012

American International Group, Inc. (NYSE: AIG) today announced that the U.S.
Department of the Treasury (Treasury) has priced an offering of approximately
234.2 million shares of AIG common stock at a price to market of $32.50 per
share. Upon the closing of this transaction, expected this Friday, Treasury
will have sold the last of its remaining shares of AIG common stock, receiving
proceeds of approximately $7.6 billion from the sale.

The closing of this transaction will mark the full resolution of America’s
financial support of AIG. After the closing of today's offering, Treasury will
continue to hold warrants to purchase approximately 2.7 million shares of AIG
common stock – the sale of which is expected to provide an additional positive
return to taxpayers.

“We are very pleased to repay 100 percent of all that America invested in AIG
plus a total combined positive return – or profit – of $22.7 billion,” said
AIG President and Chief Executive Officer Robert H. Benmosche. “On behalf of
the 62,000 employees of AIG, it is my honor and privilege to thank America for
giving us the opportunity to keep our promise to make America whole on its
investment in AIG plus a substantial profit. Thank you America. Let’s bring on

Since September 2008, America committed a total of $182.3 billion in
connection with stabilizing AIG during the financial crisis. Since then,
through asset sales and other actions by AIG, America has not only recovered
all $182.3 billion but also earned a combined positive return of $22.7

BofA Merrill Lynch, Citigroup, Deutsche Bank Securities Inc., Goldman, Sachs &
Co. and J.P. Morgan Securities LLC have been retained as joint bookrunners for
the offering.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy the securities described herein, nor shall there be any sale
of these securities in any jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.

AIG has filed a registration statement (including a prospectus) with the
Securities and Exchange Commission (SEC) for the offering to which this
communication relates. Before you invest, you should read the prospectus in
that registration statement and other documents that AIG has filed with the
SEC for more complete information about AIG and this offering. You may get
these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.
Alternatively, AIG, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it from (i)
BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus
Department, or by emailing dg.prospectus_requests@baml.com, (ii) Citigroup,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY
11717, by calling 1-800-831-9146, (iii) Deutsche Bank Securities Inc., Attn:
Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by calling
1-800-503-4611, or by emailing prospectus.cpdg@db.com, (iv) Goldman, Sachs &
Co. Attn: Prospectus Department, 200 West Street, New York, NY 10282, by
calling toll-free 866-471-2526, by faxing 212-902-9316 or by emailing
prospectus-ny@ny.gmail.gs.com, or (v) J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
by calling 866-803-9204.

American International Group, Inc. (AIG) is a leading international insurance
organization serving customers in more than 130 countries and jurisdictions.
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.


American International Group, Inc
Jon Diat, 917-239-9241
Jim Ankner, 917-882-7677
Liz Werner, 212-770-7074
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