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Press release from Business Wire

AIG Announces U.S. Department of the Treasury Pricing of Offering to Sell AIG Common Stock

Friday, August 03, 2012

AIG Announces U.S. Department of the Treasury Pricing of Offering to Sell AIG Common Stock17:46 EDT Friday, August 03, 2012 NEW YORK (Business Wire) -- American International Group, Inc. (NYSE: AIG) today announced that the U.S. Department of the Treasury (Treasury) has priced an offering of 163,934,426 shares of its AIG common stock at the public offering price of $30.50 per share. Treasury has also granted a 30-day option to the underwriters for the offering to purchase up to an additional 24,590,164 shares to cover over-allotments, if any. In connection with Treasury's offering, AIG has agreed to purchase 98,360,656 shares of AIG common stock in the offering at the public offering price for an aggregate purchase amount of approximately $3.0 billion. BofA Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Macquarie Capital (USA) Inc., Morgan Stanley & Co. LLC, UBS Securities LLC, and Wells Fargo Securities, LLC have been retained as joint bookrunners for the offering. This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, no assurance can be given that the purchase will be completed. These forward-looking statements reflect AIG's current views with respect to future events and are based on assumptions and are subject to risks and uncertainties. Except for AIG's ongoing obligation to disclose material information as required by federal securities laws, it does not intend to provide an update concerning any future revisions to any forward-looking statements to reflect events or circumstances occurring after the date hereof. The offering is being made under AIG's shelf registration statement filed with the Securities and Exchange Commission and only by means of a prospectus supplement and accompanying prospectus. When available, a copy of the prospectus supplement and accompanying prospectus relating to the offering may be obtained from the Securities and Exchange Commission's Web site at www.sec.gov or by contacting any of the joint bookrunners, including (i) BofA Merrill Lynch, 222 Broadway, 7th Floor, New York, NY 10038, Attn: Prospectus Department by emailingdg.prospectus_requests@baml.com, (ii) Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by emailing Barclaysprospectus@broadridge.com or calling 888-603-5847, (iii) Citigroup Global Markets Inc., Attn: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220, by calling 800-831-9146, (iv) Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, New York, NY 10010, by emailing newyork.prospectus@credit-suisse.com or calling 800-221-1037, (v) Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by calling 1-800-503-4611 or emailing prospectus.cpdg@db.com, (vi) Goldman, Sachs & Co. Attn: Prospectus Department, 200 West Street, New York, New York 10282, by calling toll-free 866-471-2526, by faxing 212-902-9316 or by emailing prospectus-ny@ny.gmail.gs.com, (vii) J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling 866 803-9204, (viii) Macquarie Capital (USA) Inc., 125 West 55th Street, New York, NY 10019, Attn: Prospectus Department, by emailing US.Prospectus@Macquarie.com or calling (888) 268-3937, (ix) Morgan Stanley & Co. LLC, c/o Prospectus Department, 180 Varick Street 2/F, New York, NY 10014, by calling (866) 718-1649 or by emailing at prospectus@morganstanley.com, (x) UBS Securities LLC, 299 Park Avenue, New York, NY 10171, Attn: Prospectus Department, by calling (888) 827-7275, and (xi) Wells Fargo Securities, LLC, 375 Park Avenue, New York, NY 10152, Attention: Equity Syndicate Department, by emailing cmclientsupport@wellsfargo.com or calling 800-326-5897. 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. AIGNews MediaJim Ankner(O): 212-770-3277(C): 917-882-7677orInvestment CommunityLiz Werner(O): 212-770-7074