AIG To Redeem 6.45% Junior Subordinated Debentures

  AIG To Redeem 6.45% Junior Subordinated Debentures

Business Wire

NEW YORK -- June 4, 2013

American International Group, Inc. (NYSE: AIG) today announced that it will
redeem all of its outstanding 6.45% Series A-4 Junior Subordinated Debentures
(CUSIP No. 026874800) (NYSE: AFF) (the “Debentures”) on June 17, 2013 (the
“Redemption Date”). On the Redemption Date, AIG will pay to the registered
holders of the Debentures a redemption price of 100% of the principal amount
outstanding, plus accrued and unpaid interest to, but excluding, the
Redemption Date to holders of record at the close of business on June 14,
2013. As of June 4, 2013, $750,000,000 aggregate principal amount of
Debentures were outstanding.

The Debentures are held only in book-entry form through the Depository Trust
Company (“DTC”). DTC will redeem the Debentures in accordance with its
procedures and notify the holders. Holders of the Debentures need not take any
action to receive payment of the redemption price.

This press release does not constitute a notice of redemption of the
Debentures. Holders of the Debentures should refer to the notice of redemption
to be delivered to the registered holders of the Debentures by The Bank of New
York Mellon, the trustee with respect to the Debentures.

Certain statements in this press release, including those describing the
completion of the redemption, 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.

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American International Group, Inc.
Jon Diat, 212-770-3505
Liz Werner, 212-770-7074
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