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BANQUE AIG APPOINTS TOMAS DUSEK EXECUTIVE DIRECTOR; STRENGTHENS COVERAGE OF CENTRAL AND EASTERN EUROPE

LONDON--July 24, 2006--Banque AIG, a wholly-owned subsidiary of American International Group, Inc. (AIG), today announced that it has hired Tomas Dusek as an Executive Director in its European marketing group. Mr. Dusek will focus on developing business opportunities in Central and Eastern Europe for Banque AIG, which is a subsidiary of AIG Financial Products Corp. (AIG-FP).

In his new position, Mr. Dusek will focus on providing Central and Eastern European clients with a broad range of customized investment and liability management solutions and services across asset classes, including commodities, credit, energy, equity and rates.

Mr. Dusek spent the last four years in the derivatives marketing group of JPMorgan Chase in London covering Central and Eastern Europe. Previously, Mr. Dusek was part of the Eastern European new issue and liability management team for Deutsche Bank in London. Mr. Dusek said, "AIG-FP is a leader in derivatives and structured finance and is well regarded for its innovative approach to financial solutions. I am very excited to join such an exceptional team of professionals."

"Tomas brings talent and professionalism to an exciting new initiative for the firm," said Mauro Gabriele, President Directeur General of Banque AIG. "The Central and Eastern European marketplace is an important growth sector for Banque AIG, and we look forward to providing market leading solutions to our corporate, sovereign and institutional clients."

About Banque AIG

Banque AIG is a French bank and is a wholly-owned subsidiary of AIG Financial Products Corp. (AIG-FP). AIG-FP is a wholly-owned subsidiary of American International Group, Inc. The AIG-FP group of companies has offices in London, Paris, Tokyo, Houston, Hong Kong and Wilton, CT. As a leading participant in the capital and derivatives markets, Banque AIG provides its clients with corporate finance, investment and financial risk management solutions. Banque AIG's clients include the world's top corporations, asset managers, insurance companies, banks, investment banks, sovereigns and high-net-worth individuals. Banque AIG is an active trader/dealer in foreign exchange and in a full spectrum of derivative products markets including commodities, credit, energy, equity and rates.

About AIG

American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG'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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