AIG Announces Reference Yield for Its Tender Offers for Certain U.S. Dollar Denominated Debt Securities

  AIG Announces Reference Yield for Its Tender Offers for Certain U.S. Dollar
  Denominated Debt Securities

Business Wire

NEW YORK -- March 4, 2013

American International Group, Inc. (NYSE: AIG) today announced that the
reference yield, based on the bid-side price of the 2.75% U.S. Treasury Bonds
due November 15, 2042 as displayed today on Bloomberg Page PX1 at 2:00 p.m.,
New York City time, for its previously announced modified “Dutch Auction” cash
tender offers pursuant to its offer to purchase dated February 19, 2013 (the
“Offer to Purchase”) for the securities set forth below (the “Dollar
Securities”) is 3.096%. The complete terms of the tender offers are set forth
in the Offer to Purchase, including certain capitalized terms used but not
defined herein, and, as applicable, the related letter of transmittal (the
“Letter of Transmittal”). The reference yield will be used to determine the
consideration paid for each series of Dollar Securities that are accepted for
purchase after expiration of the tender offers.

                                                      
Title of Security              Issuer            
                                                      Security Identifier
                                                      
Dollar Debentures
6.25% Series A-1 Junior                               CUSIP: 026874BE6
Subordinated Debentures          AIG
                                                      ISIN: US026874BE68
                                                      CUSIP:

                                                      026874BS5 (Unrestricted)
                                                      /

                                                      U02687BW7 (Reg S) /
8.175% Series A-6 Junior         AIG
Subordinated Debentures                               026874BR7 (144A)

                                                      ISIN:

                                                      USU02687BW75 (Reg S) /

                                                      US026874BR71 (144A)
                                                      
SAFG Securities
8 1/2% Capital Trust                                  CUSIP: 026351BB1
Pass-Through Securities          AG Capital II
                                                      ISIN:US026351BB14
7.57% Capital Securities,        AG Institutional     CUSIP: 02637VAA6
Series A                         Capital A
                                                      ISIN: US02637VAA61
8 1/8 % Capital Securities,      AG Institutional     CUSIP: 02637XAA2
Series B                         Capital B
                                                      ISIN: US02637XAA28
5.60% Senior Debentures due                           CUSIP: 866930AG5
July 2097                        SunAmerica
                                                      ISIN: US866930AG50

The expiration date of the tender offers is 11:59 p.m., New York City time, on
March 18, 2013, unless extended (the “Expiration Date”). Holders who have not
already tendered their Dollar Securities may continue to do so at any time
prior to the Expiration Date, in accordance with the procedures described in
the Offer to Purchase and Letter of Transmittal. Holders who validly tender
and do not withdraw their Dollar Securities on or prior to 5:00 p.m., New York
City time, on March 4, 2013, unless extended (the “Early Participation Date”),
and whose Dollar Securities are accepted for purchase pursuant to the tender
offers, will receive the Total Consideration, which includes an early
participation amount of $50.00 per $1,000 principal or liquidation amount of
Dollar Securities validly tendered and accepted for purchase (the “Early
Participation Amount”). Holders validly tendering their Dollar Securities
after the Early Participation Date and on or prior to the Expiration Date will
not be entitled to receive the Early Participation Amount. Tenders of Dollar
Securities may be validly withdrawn at any time at or prior to 5:00 p.m., New
York City time, on March 4, 2013, but not thereafter.

AIG has retained Credit Suisse Securities (USA) LLC, J.P. Morgan and Morgan
Stanley as the Joint Lead Dealer Managers, BNP PARIBAS, HSBC, RBC Capital
Markets and Standard Chartered Bank as Co-Dealer Managers and ANZ Securities,
Lloyds Securities, nabSecurities, LLC, Santander, SOCIETE GENERALE and
UniCredit Capital Markets as Junior Co-Dealer Managers, for the tender offers.
Global Bondholder Services Corporation is the Information Agent and Depositary
for the tender offers. For additional information regarding the terms of the
tender offers, please contact: Credit Suisse Securities (USA) LLC at (800)
820-1653 (toll-free) or (212) 538-2147 (collect), J.P. Morgan Securities LLC
at (866) 834-4666 (toll-free) or (212) 834-2494 (collect) or Morgan Stanley &
Co. Incorporated at (800) 624-1808 (toll-free) or (212) 761-1057 (collect).
Requests for documents and questions regarding the tendering of Securities may
be directed to Global Bondholder Services Corporation by telephone at (212)
430-3774 (for banks and brokers only), (866) 470-4100 (for all others
toll-free) or +001-212-430-3774 (international), by email at aig@gbsc-usa.com
and online at www.gbsc-usa.com/aig.

This news release does not constitute an offer or an invitation by AIG to
participate in the tender offers in any jurisdiction in which it is unlawful
to make such an offer or solicitation in such jurisdiction.

Certain statements in this press release, including those describing the
completion of the tender offer, constitute forward-looking statements. These
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. It is possible that actual results will
differ, possibly materially, from the anticipated results indicated in these
statements. Factors that could cause actual results to differ, possibly
materially, from those in the forward-looking statements are discussed
throughout AIG’s periodic filings with the SEC pursuant to the Securities
Exchange Act of 1934.

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:

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