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NEW YORK--(BUSINESS WIRE)--June 12, 2003--American International Group, Inc. (AIG) today announced that it had filed with the Securities and Exchange Commission a universal shelf registration statement to sell up to $5.1 billion of debt securities, preferred and common stock and other securities.

AIG's filing of this universal shelf registration statement is consistent with current market practice of providing maximum flexibility to respond to future financing opportunities. AIG has no current plans to issue the equity, equity-linked or capital securities included in the registration statement, but intends to continue its customary practice of issuing debt securities from time to time to meet its financing needs and those of certain of its subsidiaries.

American International Group, Inc. (AIG) is the world's leading international insurance and financial services organization, with operations in approximately 130 countries and jurisdictions. AIG member companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In the United States, AIG companies are the largest underwriters of commercial and industrial insurance, and AIG American General is a top-ranked life insurer. 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. AIG's growing global consumer finance business is led in the United States by American General Finance. AIG also has one of the largest U.S. retirement savings businesses through AIG SunAmerica and AIG VALIC, 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
SOURCE: American International Group, Inc.