U.S. Treasury in Final Sale of Shares of AIG Common Stock

December 18, 2012

Cleary Gottlieb acted as counsel to the underwriters, led by joint global coordinators Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co. and J.P. Morgan Securities LLC, in the U.S. Department of the Treasury’s sale of its remaining 234,169,156 shares of American International Group (AIG) common stock at $32.50 per share. The aggregate proceeds to Treasury from the common stock offering were approximately $7.6 billion. Giving effect to the offering, the Treasury and the Federal Reserve have realized a positive return of approximately $22.7 billion on their commitment to stabilize AIG during the financial crisis.