REG-American Intnl Group AIG To Sell Its Russian Bank Subsidiary to Banque PSA Finance

NEW YORK--(Business Wire)--

American International Group, Inc. (AIG) today announced that it has entered
into an agreement to sell 98 percent of the shares in its consumer finance
operations in Russia, consisting of OOO AIG Bank (RUS), with an option, not
exercisable until mid-March 2011, for the sale of the remaining two percent,
toBanque PSA Finance SA (a 100 percent- owned subsidiary of PSA Peugeot Citroën
Group). The transaction is subject to the satisfaction of certain conditions,
including approval by the Central Bank of Russia.

OOO AIG Bank (Rus) was established in June 2008 and currently employs a dozen
employees. Terms of the transaction were not disclosed.

Deutsche Bank acted as financial advisor and Debevoise & Plimpton served as
legal counsel to AIG on this transaction. CMS in Russia served as legal counsel
to Banque PSA Finance.

American International Group, Inc. (AIG), a world leader 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 Ireland and
Tokyo.

Wholly-owned by Peugeot S.A., Banque PSA Finance provides financing for sales of
Peugeot and Citroën cars and light commercial vehicles in 24 countries. It
supports the brands' growth by offering retail and fleet customers a diversified
range of financing solutions and related services, and by providing Peugeot and
Citroën dealers with financing for new and used vehicles and replacement parts
inventories.

Contact: American International Group, Inc.
Peter Tulupman (News Media)
212-770-3141
or
Teri Watson (Investor Community)
212-770-7074

American Intnl Group

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