AIG Says Treasury Expects $2.7B in Additional proceeds from AIG Offering

American International Group, Inc. AIG today announced that the U.S. Department of the Treasury (Treasury) expects to receive approximately an additional $2.7 billion from its underwritten public offering of AIG common stock. The underwriters have exercised their over-allotment option in full to purchase approximately 83.1 million additional shares of AIG common stock at the initial public offering price of $32.50 per share. On September 10, 2012, Treasury had priced an offering of approximately 553.8 million shares of its AIG common stock at the initial public offering price of $32.50 per share, for expected proceeds of approximately $18.0 billion. In connection with Treasury's offering, AIG agreed to purchase approximately 153.8 million shares of AIG common stock in the offering at the initial public offering price for an aggregate purchase amount of approximately $5.0 billion. Combined with the exercise of the over-allotment option, Treasury's proceeds from the public offering are expected to be approximately $20.7 billion and the total number of shares sold in the offering is expected to be approximately 636.9 million.