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AIG COMPLETES SALE OF PRIME TOKYO REAL ESTATE ASSET TO NIPPON LIFE INSURANCE COMPANY
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NEW YORK--May 28, 2009-- American International Group, Inc. (AIG) announced today that it has completed the sale of its prime real estate holding in the Otemachi District in Tokyo to Nippon Life Insurance Company.

Under the terms of the agreement, Nippon Life Insurance Company paid approximately $1.2 billion in cash (¥115,500mm) for the entire building and the approximately one acre of land on which it is situated.

“We are pleased to complete the sale in less than 30 days after reaching an agreement on this transaction,” said Edward Liddy, AIG’s Chairman and Chief Executive Officer. “Despite a very challenging global real estate environment, AIG was able to realize an attractive price for this prized property. The sale of this asset represents another step forward in AIG’s asset disposition and restructuring efforts and should serve the best interests of AIG and its constituents.”

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.

Source: American International Group, Inc.

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