UPDATE: AIG to Redeem 6.45% Junior Subordinated Debentures

American International Group, Inc.

today announced that it will redeem all of its outstanding 6.45% Series A-4 Junior Subordinated Debentures (CUSIP No. 026874800)

(the “Debentures”) on June 17, 2013 (the “Redemption Date”). On the Redemption Date, AIG will pay to the registered holders of the Debentures a redemption price of 100% of the principal amount outstanding, plus accrued and unpaid interest to, but excluding, the Redemption Date to holders of record at the close of business on June 14, 2013. As of June 4, 2013, $750,000,000 aggregate principal amount of Debentures were outstanding. The Debentures are held only in book-entry form through the Depository Trust Company (“DTC”). DTC will redeem the Debentures in accordance with its procedures and notify the holders. Holders of the Debentures need not take any action to receive payment of the redemption price.