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AIG DECLARES QUARTERLY CASH DIVIDEND OF 20 CENTS PER SHARE

NEW YORK--March 12, 2008--The Board of Directors of American International Group, Inc. (AIG) today declared a quarterly cash dividend on the company's common stock of 20 cents per share, payable on June 20, 2008 to shareholders of record on June 6, 2008.

American International Group, Inc. (AIG), a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.

CONTACT:
AIG
Charlene Hamrah (Investment Community)
212-770-7074

Joe Norton (News Media)
212-770-3144