AIG AVIATION, INC. EXPANDS SPECIALTY WORKERS COMPENSATION PROGRAM TO COVER RISKS FACED BY FIXED BASE OPERATORS

NEW YORK–Feb. 8, 2005–AIG Aviation, Inc., a member company of American International Group, Inc. (AIG), today announced that it is expanding its Specialty Workers’ Compensation offering to cover the risks associated with Fixed Base Operators (FBOs) at private, community, municipal or city-owned airports.(a) A Fixed Base Operator is a service center that provides ramp service, hangar space, fueling, maintenance and catering services primarily for corporate and personal aircraft.

“Fixed Base Operators face significant workers’ compensation risks, but there has yet to be an insurance program that is specifically designed to address their needs,” said Steve Blakey, President, AIG Aviation, Inc. “We are pleased to help Fixed Base Operators proactively broaden their risk management plans by offering our significant experience in providing workers’ compensation programs and services.”

AIG Aviation’s FBO program is an expansion of the unit’s small- and middle-market corporate flight department workers’ compensation offering, originally announced in August 2004.

Available in select states, the AIG Aviation Specialty Workers’ Compensation package, including the new FBO program, can be purchased through any independent insurance broker who works with AIG Aviation. To send a submission, locate an appointed broker or obtain more information on AIG Aviation, business owners and pilots can contact Kevin Shinn, AIG Aviation at 404/249-1829 or [email protected]

AIG is the world’s leading international insurance and financial services organization, with operations in more than 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 retirement services, financial 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 and ArcaEx, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

(a) 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; please refer to the policy for all terms, conditions and exclusions. Non-insurance products may be provided through independent third parties.

Contact:

AIG Aviation, Inc.

Andrew Silver

212-770-3141

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