AIG to Redeem 4.90% Callable Notes Due September 25, 2045

NEW YORK–(BUSINESS WIRE)–American International Group, Inc. (NYSE: AIG) today announced that it
will redeem all of its outstanding 4.90% Callable Notes due September
25, 2045 (ISIN No. XS1293631187) (the “Notes”) on September 25, 2017
(the “Redemption Date”). On the Redemption Date, AIG will pay to the
registered holders of the Notes a redemption price equal to 100% of the
principal amount of the Notes, plus accrued and unpaid interest to, but
not including, the Redemption Date. As of August 17, 2017, $420,000,000
aggregate principal amount of the Notes were outstanding.

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.

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American International Group, Inc. (AIG) is a leading global insurance
organization. Founded in 1919, today AIG member companies provide a wide
range of property casualty insurance, life insurance, retirement
products, and other financial services to customers in more than 80
countries and jurisdictions. These diverse offerings include products
and services that help businesses and individuals protect their assets,
manage risks and provide for retirement security. AIG’s core businesses
include Commercial Insurance and Consumer Insurance, as well as Other
Operations. Commercial Insurance comprises two modules – Liability and
Financial Lines, and Property and Special Risks. Consumer Insurance
comprises four modules – Individual Retirement, Group Retirement, Life
Insurance and Personal Insurance. 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 www.twitter.com/AIGinsurance
| LinkedIn: www.linkedin.com/company/aig.
These references with additional information about AIG have been
provided as a convenience, and the information contained on such
websites is not incorporated by reference into this press release.

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.

Contacts

American International Group, Inc.
Investors:
Liz Werner,
212-770-7074
elizabeth.werner@aig.com
or
Fernando
Melon, 212-770-4630
fernando.melon@aig.com
or
Media:
Samantha
Ebinger, 212-770-8433
samantha.ebinger@aig.com