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NEW YORK--Dec. 24, 2003--The AIG Mergers & Acquisitions Division, a division of the property and casualty insurance subsidiaries of American International Group, Inc. (AIG), today announced the launch of its newly designed global Web site, www.AIGMergerRisks.com.

The Web site is intended to serve as a key resource for insurance brokers, lawyers, investment bankers, private equity managers and other professionals who advise commercial clients on transaction-related risks. The Web site includes deal summaries, information on transactional insurance trends and techniques, and articles and commentary from third-party sources.

"The launch of this Web site is the latest example of the Division's commitment to serving the needs of the market," commented John A. Rudolf, President of the AIG Mergers & Acquisitions Division. "The interest in, and use of, transactional insurance products has grown steadily over the last few years. As more M&A professionals and the clients they serve come to appreciate the opportunities presented by these products, transactional insurance will become an increasingly common feature of the business landscape."

AIGMergerRisks.com also provides detailed information on the Division's comprehensive suite of transactional insurance products, which are insurance policies designed to facilitate mergers and acquisitions, divestitures and other transactions. These products effectively enable clients to transfer certain transaction-related risks to the insurance industry.

The AIG Mergers & Acquisitions Division is a leading provider of transactional insurance products. The Division's global team of experienced professionals can underwrite risks in many countries, providing clients with unparalleled geographical coverage.

For more information, please contact William Vreeland, Vice President of the AIG Mergers & Acquisitions Division, at 212-458-1816.

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 services 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 services 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.

Insurance is underwritten by member companies of American International Group, Inc., and is subject to underwriting review and approval. The description herein is a summary only. It does not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for complete details of coverage and exclusions. Coverage may not be available in all states.

CONTACT: American International Group, Inc. Andrew Silver, 212-770-3141 SOURCE: American International Group, Inc.