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AIG CHAIRMAN M. R. GREENBERG TO HOLD CONFERENCE CALL TO DISCUSS TODAY’S CLOSING OF AMERICAN GENERAL ACQUISITION
NEW YORK, August 29, 2001 – American International Group, Inc. (AIG) Chairman M. R. Greenberg will hold a conference call on Wednesday, August 29 at 3:00 PM EDT to discuss today’s closing of the acquisition of American General Corporation (American General).

The telephone number in the United States is 888/989-7557. International callers should telephone 212/547-0278. The pass code is AIG. Please call 15 minutes in advance to establish a connection.

It should be noted that Mr. Greenberg’s remarks may contain forward-looking statements. These forward-looking statements may include, without limitation, statements regarding the financial conditions, results of operations and businesses of AIG and American General Corporation, as well as the consolidation of American General into AIG and the expected benefits of the acquisition. While these forward-looking statements represent AIG’s judgments and future expectations concerning the development of AIG’s business and the benefits of the acquisition, a number of risks, uncertainties, and other important factors could cause actual developments and results to differ materially from AIG’s expectations. These factors include, but are not limited to, those set forth in AIG’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2001 and American General’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2001, as well as the risk that American General’s business will not be successfully integrated into AIG; the costs related to the transaction; the risk that anticipated synergies will not be obtained or not obtained within the time anticipated; and other key factors that AIG has indicated could adversely affect its business and financial performance contained in past and future filings and reports, including those filed with the United States Securities and Exchange Commission.

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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, 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.

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