AIG Repurchases Warrants from U.S. Treasury

  AIG Repurchases Warrants from U.S. Treasury

Business Wire

NEW YORK -- March 1, 2013

American International Group, Inc. (NYSE: AIG) announced today that it
completed the repurchase of warrants issued to the United States Department of
the Treasury (U.S. Treasury) in 2008 and 2009. The warrant issued in 2008
provided the right to purchase approximately 2.7 million shares of AIG common
stock at $50.00 per share, and the warrant issued in 2009 provided the right
to purchase up to 150 shares of AIG common stock at $0.00002 per share. AIG
and the U.S. Treasury agreed upon a repurchase price of approximately $25
million for the warrants. The U.S. Treasury does not have any residual
interest in AIG after AIG’s repurchase of these warrants.

“With AIG repurchasing all outstanding warrants issued to the U.S. Treasury,
we are turning the final page on America’s assistance to AIG,” said Robert H.
Benmosche, AIG President and Chief Executive Officer. “We appreciate the
opportunities this support allowed and are proud to have returned to America
every cent plus a profit of $22.7 billion.”

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