AIG Announces Proposed Sale of Ordinary Shares of AIA Group Limited

  AIG Announces Proposed Sale of Ordinary Shares of AIA Group Limited

Business Wire

NEW YORK -- December 17, 2012

American International Group, Inc. (NYSE: AIG) announced today that it has
commenced a sale in Hong Kong of up to all of its ordinary shares of AIA Group
Limited (AIA) by means of a placing to certain institutional investors. AIG
expects to use the net proceeds from the placing of AIA ordinary shares for
general corporate purposes.

The ordinary shares have not been and will not be registered under the
Securities Act of 1933, as amended (the Securities Act), or any other
applicable law, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and any other applicable law.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy the ordinary shares, nor shall there be any sale of the
ordinary shares in any jurisdiction in which such offer, solicitation, or sale
would be unlawful. This press release is not for distribution or release in or
into the Hong Kong Special Administrative Region of the People’s Republic of
China.

                                    # # #

This press release contains “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995. In particular, no
assurance can be given that AIG will be able to complete the placing of the
AIA ordinary shares, or, if completed, what the net proceeds will be from the
placing. These forward-looking statements are not historical facts but instead
represent only AIG’s belief regarding future events, many of which, by their
nature, are inherently uncertain and outside AIG’s control. Except for AIG’s
ongoing obligation to disclose material information as required by federal
securities laws, AIG is not under any obligation (and expressly disclaims any
obligation) to update or alter any projections, goals, assumptions, or other
statements, whether written or oral, that may be made from time to time,
whether as a result of new information, future events or otherwise.

                                    # # #

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.

Additional information about AIG can be found at www.aig.com | YouTube:
www.youtube.com/aig | Twitter: @AIG_LatestNews| LinkedIn:
http://www.linkedin.com/company/aig |

AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International Group,
Inc. For additional information, please visit our website at www.aig.com. All
products and services are written or provided by subsidiaries or affiliates of
American International Group, Inc. Products or services may not be available
in all jurisdictions, and coverage is subject to actual policy language.
Non-insurance products and services may be provided by independent third
parties. Certain property-casualty coverages may be provided by a surplus
lines insurer. Surplus lines insurers do not generally participate in state
guaranty funds, and insureds are therefore not protected by such funds.

Contact:

American International Group, Inc.
Jon Diat (Media): 917-239-9241
jon.diat@aig.com
Jim Ankner (Media): 917-882-7677
james.ankner@aig.com
Liz Werner (Investors): 212-770-7074
elizabeth.werner@aig.com
 
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