AIG International Will Offer Live Prices For Foreign Exchange Products On CFOWeb.com.

Business Editors

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--June 29, 2000

Integral announced that AIG International Inc., a member company of American International Group, Inc. (NYSE: AIG), will provide live prices for foreign exchange products on CFOWeb.com, the new capital markets B2B e-commerce portal launched today.

CFOWeb.com has more than 2,500 members worldwide in corporate treasury departments and portfolio management. Gary Davis, President and CEO of AIG International said: "Our venture with CFOWeb.com is part of our e-commerce strategy to become a leading provider of web-enabled financial products and services. This portal offers us a direct line to new and existing treasury and fund management clients looking for electronic trading capabilities and streamlined trade processing."

CFOWeb.com is the primary venture of Integral, a pioneer in B2B e-commerce solutions for capital markets. It provides corporate treasurers and fund managers with a single source of independent pricing for non-exchange-traded instruments, portfolio analysis and management, and direct online trading of swaps, caps and floors, forward rate agreements, foreign exchange, deposits, and cash instruments.

"We are delighted to have AIGI provide our members with live foreign exchange prices," said Harpal Sandhu, President and CEO of Integral. "For a multi-product international group like AIGI, the new business and client servicing potential of CFOWeb.com represents a powerful tool for developing and expanding e-commerce in capital markets - easily the biggest and most dynamic of all market," he added.

About AIG International, Inc.

AIG International, Inc. (AIGI) is a wholly-owned subsidiary of AIG Trading Group Inc. (AIGTG), which, in turn, is a member company of American International Group, Inc. (AIG). AIGI trades and structures physical and derivative transactions in the foreign exchange and commodity markets. AIGI is best known for its innovative solutions and its unparalleled customer service to sovereigns, multilateral organizations, financial institutions, corporations and institutional investors. AIGTG also owns and operates a third-party asset management business through AIG International Asset Management Inc. AIGTG has approximately 400 employees worldwide and is headquartered in Greenwich, Connecticut with offices in London, Paris, Geneva, Hong Kong, Singapore and Toronto.

About AIG

AIG is the leading U.S.-based international insurance organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write property, casualty, marine, life and financial lines of insurance in approximately 130 countries and jurisdictions, and are engaged in a range of financial services and investment management businesses. American International Group, Inc.'s common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

About CFOWeb.com

Developed by Integral, CFOWeb.com (www.cfoweb.com) is the first independent B2B e-commerce portal serving the capital markets needs of corporate treasury groups and fund managers. It gives corporate treasurers and fund managers a free, direct and unprecedented single-source of information to independently model and price financial trades from multiple financial services providers; create, manage and maintain portfolios that more closely match institutional financial management needs; and conduct a range of capital markets trades online. The CFOWeb.com portal offers users direct, one-stop access to the latest news, market data and developments, and educational services related to corporate treasury and fund management operations. CFOWeb.com also gives investment banks and financial services providers an immediate online presence, dramatically increased deal-flow, reduced costs and expanded geographical reach.

About Integral

Integral Development Corp. is a leading provider of business-to-business e-commerce solutions for capital markets, including CFOWeb.com (www.cfoweb.com), the first e-commerce portal for capital markets. Founded in 1993, Integral is privately held and has a history of developing capital markets trading and risk management software. Investors include Accel Partners, AIG (NYSE: AIG), ABN Amro (NYSE: ABN), Bain Capital, Nassau Capital and Pivotal Asset Management. Headquarters are in Mountain View, California, with additional offices in New York and London. For more information, visit the Integral web site at www.integral.com

CFOWeb.com is a registered service mark of Integral Development Corp. CFOWeb.com facilitates communication and transactions between institutions but is not a party to nor does it settle any trade. Trade completion remains solely between the institutions using the CFOWeb.com portal.