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21st Century Insurance Group Announces Special Stockholder Meeting for September 27, 2007 in Woodland Hills, California

WOODLAND HILLS, Calif.--21st Century Insurance Group (21st Century) announced today that it has scheduled a record date and special meeting date for its stockholders to consider and vote on a proposal to adopt the previously announced definitive merger agreement providing for the acquisition by American International Group, Inc. (AIG) of all of the outstanding shares of common stock of 21st Century not currently owned by AIG for $22.00 per share in cash. Upon completion of the transaction, 21st Century will become a wholly owned subsidiary of AIG. 21st Century stockholders of record at the close of business on August 27, 2007, will be entitled to notice of the special meeting and to vote on the proposal. The special stockholder meeting will be held on September 27, 2007, at 9:00 a.m., local time, at the Hilton Woodland Hills, 6360 Canoga Avenue, Woodland Hills, California, 91367. 21st Century will mail its definitive proxy statement to its stockholders on or about August 28, 2007.