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AIG SPLITS COMMON STOCK 3-FOR–2 AND RAISES QUARTERLY COMMON STOCK DIVIDEND 11.0 PERCENT
NEW YORK, May 17, 2000 – The Board of Directors of American International Group, Inc. (AIG) today declared a three-for-two split of the company's common stock in the form of a 50 percent common stock dividend. The dividend is payable on July 28, 2000 to shareholders of record on June 30, 2000.

The Board also declared a quarterly cash dividend on the new shares of 3.7 cents per share, payable on September 15, 2000 to shareholders of record on September 1, 2000. This represents an 11.0 percent increase in the quarterly cash dividend on AIG common stock.

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AIG is the leading U.S.-based international insurance and financial services organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write a wide range of commercial and personal insurance products through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. AIG's global businesses also include financial services and asset management, including aircraft leasing, financial products, trading and market making, consumer finance, institutional, retail and direct investment fund asset management, real estate investment management, and retirement savings products. American International Group, Inc.'s common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

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