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NEW YORK, Apr 18, 2002 -- American International Group, Inc. (AIG) Senior Vice Chairman Edward E. Matthews will speak at the UBS Warburg Global Financial Services Conference on Thursday, April 25 at 12:20 PM EDT.

The audio portion of Mr. Matthews' live presentation can be accessed through the UBS Warburg website, www.ubswarburg.com. To access the webcast, follow the Conference Highlights link to Live Audio under the Global Financial Services Conference heading. The replay of the presentation will begin 24 hours later and will be available until May 24, 2002.

It should be noted that Mr. Matthews' remarks may contain forward-looking statements. Please refer to the AIG Annual Report on Form 10-K for the year ended December 31, 2001 and its past and future filings and reports filed with the SEC for a description of the business environment in which AIG operates and the important factors that may affect its business. AIG is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

AIG is the world's leading U.S.-based international insurance and financial services organization, the largest underwriter of commercial and industrial insurance in the United States, and the second-largest U.S. life insurer. Its member companies write a wide range of general insurance and life insurance products for commercial, institutional and individual customers through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. AIG's global businesses also include financial services, retirement savings and asset management. AIG's financial services businesses include aircraft leasing, financial products, trading and market making, and consumer finance. AIG has one of the largest retirement savings businesses in the United States and is a leader in asset management for the individual and institutional markets, with specialized investment management capabilities in equities, fixed income, alternative investments and real estate. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

CONTACT: American International Group, Inc., New York
Investment Community: Charlene Hamrah, 212/770-7074
News Media: Joe Norton, 212/770-3144