AIG To Redeem 4.250% Notes Due 2014

  AIG To Redeem 4.250% Notes Due 2014

Business Wire

NEW YORK -- December 18, 2013

American International Group, Inc. (NYSE: AIG) today announced that it will
redeem all of its outstanding 4.250% Notes Due 2014 (CUSIP No. 026874CA3) (the
“Notes”) on January 17, 2014 (the “Redemption Date”). On the Redemption Date,
AIG will pay to the registered holders of the Notes a redemption price per
$1,000 principal amount of Notes as determined in accordance with the
indenture governing the Notes, plus accrued and unpaid interest to, but not
including, the Redemption Date. As of December 18, 2013, $1,196,385,000
aggregate principal amount of Notes were outstanding.

The Notes are held only in book-entry form through The Depository Trust
Company (“DTC”). DTC will redeem the Notes in accordance with its procedures.

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

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. 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: @AIGInsurance | 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 countries, 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)
212-770-3505
jon.diat@aig.com
Molly Binenfeld (Media)
917-297-4374
molly.binenfeld@aig.com
Liz Werner (Investors)
212-770-7074
elizabeth.werner@aig.com