AIG Announces Final Results of Its Any and All Cash Tender Offers

NEW YORK--(BUSINESS WIRE)--Mar. 26, 2015-- American International Group, Inc. (NYSE: AIG) today announced the final results as of 5:00 p.m. New York City time, on March 25, 2015 of its previously announced cash tender offers for any and all of the notes listed in Tables I and II below (the “Notes”), pursuant to its offer to purchase dated March 17, 2015 (the “Offer to Purchase”). The complete terms of the tender offers are set forth in the Offer to Purchase, the related letter of transmittal and the notice of guaranteed delivery.

AIG expects to accept all Notes validly tendered and not withdrawn and to make payment on or about March 30, 2015. The Notes are part of the Direct Investment book (the “DIB”) and will be purchased using cash allocated to the DIB.

As of the expiration date, the principal amounts of Notes of each series outstanding and validly tendered and not validly withdrawn and the Total Consideration per CHF 1,000, EUR 1,000, JPY 1,000, MXN 1,000, NOK 1,000 or USD 1,000 principal amount are as set forth in the tables below.

Holders whose Notes are accepted in the tender offers will receive the Total Consideration listed in Table I or II, as applicable, and, where applicable, a cash payment representing accrued interest from the most recent interest payment date to but excluding the payment date. With respect to Notes accepted for purchase pursuant to the guaranteed delivery procedures, if any, holders will receive payment of the Total Consideration, plus accrued interest, for such accepted Notes (to the extent such Notes are not delivered prior to the expiration date) three business days after the expiration date.

AIG retained Barclays Bank PLC, Barclays Capital Inc., BofA Merrill Lynch, Goldman, Sachs & Co. and Goldman Sachs International as the Joint Lead Dealer Managers. Global Bondholder Services Corporation was the Information Agent and Depositary. For additional information regarding the expiration of the tender offers or the Payment Date, please contact: Barclays Bank PLC at +44 (0) 207 773 8990 (international); Barclays Capital Inc. at (800) 438-3242 (toll-free) or (212) 528-7581 (collect); BofA Merrill Lynch at +44 (0) 20 7995 2929 (international), (888) 292-0070 (toll-free) or (980) 387-3907 (collect); Goldman, Sachs & Co. at (800) 828-3182 (toll-free) or (212) 902-5183 (collect); Goldman Sachs International at +44 (0) 207 774 9862 (international); or Global Bondholder Services Corporation at (212) 430-3774 (for banks and brokers only), (866) 924-2200 (for all others toll-free) or +001-212-430-3774 (international), or by email at aig@gbsc-usa.com.

Certain statements in this press release, including those describing the payment for tendered Notes in the tender offers, 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 global insurance organization serving customers in more than 100 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 www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIG_LatestNews | 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.

Table I—Any and All Tender Offers—Fixed Price Securities

________

* Guaranteed by AIG.

(1) Indicates zero coupon notes. Holders of these notes will not receive accrued interest if their notes are accepted for payment.

(2) Interest is currently calculated at 7.5% per annum in accordance with the terms of the Municipal Index Linked Range Accrual Notes.

Table II—Any and All Tender Offers—Fixed Spread Securities

________

(1) Assuming payment is made on March 30, 2015.

Source: American International Group, Inc.

American International Group, Inc.
Liz Werner (Investors), 212-770-7074
elizabeth.werner@aig.com
or
Jennifer Hendricks Sullivan (Media), 212-770-3141
jennifer.sullivan@aig.com