|AIG ISSUES CLARIFYING STATEMENT REGARDING ITS SHARE PURCHASE AUTHORIZATION AND SEC REGISTRATION|
|NEW YORK, September 19, 2001 – American International Group, Inc. (AIG) has issued the following clarifying statement regarding its recently announced share purchase authorization and shelf registration with the Securities and Exchange Commission:
“AIG confirms its previously announced share purchase authorization involving an aggregate of 50 million shares of its common stock, and registration of theses shares for resale. AIG has no immediate plans to sell any of these shares pursuant to the registration statement, but may use them for a variety of purposes in the future, including acquisitions, employee benefit plans or other corporate purposes. Press reports that AIG plans to offer any of these shares in the near future are inaccurate.”
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, personal and life 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.