AIG Announces Reference Yields for Its Tender Offer for Certain Sterling and Euro Denominated Debt Securities

  AIG Announces Reference Yields for Its Tender Offer for Certain Sterling and
  Euro Denominated Debt Securities

Business Wire

NEW YORK -- March 4, 2013

American International Group, Inc. (NYSE: AIG) today announced the reference
yields for its previously announced modified “Dutch Auction” cash tender offer
for its junior subordinated debentures denominated in sterling and euros set
forth in the table below (the “Sterling and Euro Debentures”) pursuant to its
offer to purchase dated February 19, 2013 (the “Offer to Purchase”). The
complete terms of the tender offer are set forth in the Offer to Purchase,
including certain capitalized terms used but not defined herein.

As of 2:00 p.m., London time, on March 4, 2013, the reference yield for each
series of Sterling and Euro Debentures, based on the mid-market price of the
applicable reference security, was as follows:

                      Security         Reference      Bloomberg      Reference
Title of Security   Identifier     Security     Reference    Yield
                                       5.00% UK
                      ISIN:            Gilt
8.625% Series A-8     XS0365317113                    Bloomberg
Junior                (144A) /         Treasury                      0.831%
Subordinated                           due            DMO2
Debentures            XS0365314284
                      (Reg S)          March 7,
                      ISIN:            4.00%
8.000% Series A-7     XS0365324838     German
Junior                (144A) /                        Bloomberg
Subordinated                           Bunds due                     0.377%
Debentures            XS0365323608                    PXGE
                      (Reg S)          January 4,

These reference yields will be used to determine the consideration paid for
each series of Sterling and Euro Debentures that are accepted for purchase
after expiration of the tender offer.

The expiration date of the tender offer 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 Sterling and Euro Debentures may continue to do so at
any time prior to the Expiration Date, in accordance with the procedures
described in the Offer to Purchase. Holders who validly tender and do not
withdraw their Sterling and Euro Debentures on or prior to 5:00 p.m., New York
City time, on March 4, 2013, unless extended (the “Early Participation Date”),
and whose Sterling and Euro Debentures are accepted for purchase pursuant to
the tender offer, will receive the Total Consideration, which includes an
early participation amount of £50.00 or €50.00 per £1,000 or €1,000 principal
amount, as applicable, of Sterling and Euro Debentures validly tendered and
accepted for purchase (the “Early Participation Amount”). Holders validly
tendering their Sterling and Euro Debentures 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 Sterling and Euro Debentures 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. The Sterling and Euro Debentures are held
in book-entry form only through the facilities of Clearstream Banking, société
anonyme (“Clearstream”) or Euroclear Bank S.A./N.V. (“Euroclear”). The
deadlines set by your custodian or nominee, or by Clearstream and Euroclear,
for the submission and revocation of tender instructions for the Sterling and
Euro Debentures may be earlier than the relevant deadlines specified above.

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 offer.
Global Bondholder Services Corporation is the Information Agent and Depositary
for the tender offer. For additional information regarding the terms of the
tender offer, 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
and online at

This news release does not constitute an offer or an invitation by AIG to
participate in the tender offer 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 | YouTube: | Twitter: @AIG_LatestNews | LinkedIn:

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 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.


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