American International Group, Inc. announced that it has commenced 15 separate offers to purchase outstanding notes of 5.750% Series A-2 Junior Subordinated Debentures Due 2037; 4.875% Series A-3 Junior Subordinated Debentures Due 2037; 7.05% Notes Due 2025; 7.00% Notes Due 2026; 8.125% Debentures Due 2023; 8.875% Senior Notes Due 2040; 6.250% Series A-1 Junior Subordinated Debentures Due 2037; 8.175% Series A-6 Junior Subordinated Debentures Due 2058; 6.250% Notes Due 2036; 6.820% Notes Due 2037; 4.200% Notes Due 2028 4.250% Notes Due 2029; 5.00% Notes Due 2023; 4.700% Notes Due 2035; and 4.125% Notes Due 2024 (collectively, the ?Notes?) for cash up to a maximum $1 billion aggregate amount of Total Consideration, excluding the Accrued Coupon Payment. The series of Notes that are purchased in the Offers will be based on the acceptance priority levels, except where acceptance of a series of Notes would cause the Maximum Purchase Condition to be violated, in which case, the Non-Covered Notes with a higher Acceptance Priority Level may not be accepted for purchase and a series of Notes with a lower Acceptance Priority Level may be accepted for purchase. If a given series of Notes is accepted for purchase pursuant to the Offers, all Notes of that series that are validly tendered will be accepted for purchase. No series of Notes will be subject to proration pursuant to the Offers. The Offers are being made pursuant to AIG?s Offer to Purchase, dated November 8, 2021, which sets forth a more comprehensive description of the terms and conditions of each Offer, and the accompanying notice of guaranteed delivery. The Offers are scheduled to expire on the ?Expiration Date,? which is 5:00 p.m. (Eastern time) on November 17, 2021, unless extended or earlier terminated. Holders of Notes may withdraw their validly tendered Notes any time at or prior to 5:00 p.m. (Eastern time) on November 17, 2021, unless extended by AIG (the ?Withdrawal Date?). Holders of Notes must tender and not withdraw their Notes, or submit a Notice of Guaranteed Delivery and comply with the related procedures, at or prior to the Expiration Date to receive the Total Consideration. For Holders who deliver a Notice of Guaranteed Delivery and all other required documentation at or prior to the Expiration Date, upon the terms and subject to the conditions in the Tender Offer Documents, the deadline to validly tender Notes using the Guaranteed Delivery Procedures will be the second business day after the Expiration Date and is expected to be 5:00 p.m. (Eastern time) on November 19, 2021. The ?Initial Settlement Date? will be the second business day after the Expiration Date and is expected to be November 19, 2021. The ?Guaranteed Delivery Settlement Date? will be the second business day after the Guaranteed Delivery Date and is expected to be November 23, 2021. Upon the terms and subject to the conditions in the Offer to Purchase, Holders whose Notes are accepted for purchase in the Offers will receive the applicable Total Consideration for each $1,000, ?1,000 or ?1,000 principal amount of such Notes in cash on the Initial Settlement Date or Guaranteed Delivery Settlement Date, as applicable. On the Price Determination Date, unless extended with respect to any Offer, AIG will issue a press release specifying, among other things, the Total Consideration for each series of Notes validly tendered and accepted. In addition to the applicable Total Consideration, Holders whose Notes are accepted for purchase will receive a cash payment equal to the accrued and unpaid interest on such Notes from and including the immediately preceding interest payment date for such Notes to, but excluding, the Initial Settlement Date (the ?Accrued Coupon Payment?). Interest will cease to accrue on the Initial Settlement Date for all Notes accepted in the Offers and Holders whose Notes are tendered pursuant to the Guaranteed Delivery Procedures and are accepted for purchase will not receive payment in respect of any interest for the period from and including the Initial Settlement Date. AIG?s obligation to complete an Offer with respect to a particular series of Notes validly tendered is conditioned on the satisfaction of conditions described in the Offer to Purchase, including that the aggregate Total Consideration, excluding the Accrued Coupon Payment, payable for Notes purchased in the Offers (the ?Aggregate Purchase Consideration?) not exceed $1 billion (the ?Maximum Purchase Consideration?), and on the Maximum Purchase Consideration being sufficient to include the Total Consideration for all validly tendered Notes of such series (after accounting for all validly tendered Notes that have a higher Acceptance Priority Level) (the ?Maximum Purchase Condition?). AIG reserves the right, but is under no obligation, to increase or waive the Maximum Purchase Consideration, in its sole discretion subject to applicable law, with or without extending the Withdrawal Date. No assurance can be given that AIG will increase or waive the Maximum Purchase Consideration. If Holders tender more Notes in the Offers than they expect to be accepted for purchase based on the Maximum Purchase Consideration and AIG subsequently accepts more than such Holders expected of such Notes tendered as a result of an increase of the Maximum Purchase Consideration, such Holders may not be able to withdraw any of their previously tendered Notes. Accordingly, Holders should not tender any Notes that they do not wish to be accepted for purchase.