International Lease Finance Corporation Announces Release of Certain Notes Tendered in Its Tender Offers for Certain Outstanding Debt

LOS ANGELES—(BUSINESS WIRE)—International Lease Finance Corporation (“ILFC”), a wholly-owned subsidiary of American International Group, Inc. (NYSE: AIG) (“AIG”), announced today that, due to the success of its previously announced tender offers for certain of its notes (the “Notes”) to date, it is releasing the Notes in the lowest three acceptance priority levels. ILFC will promptly return all tendered 5.875% Medium-Term Notes, Series O, due May 1, 2013 (the “5.875% Notes”), 5.625% Medium-Term Notes, Series R, due September 20, 2013 (the “5.625% Notes”) and 6.625% Medium-Term Notes, Series R, due November 15, 2013 (the “6.625% Notes,” and together with the 5.875% Notes and 5.625% Notes, the “Released Notes”) to their respective holders and terminate the tender offers for the Released Notes. The terms of the ILFC’s remaining tender offers are unchanged.

On Friday, June 3, 2011, ILFC announced that it had received valid tenders that were not withdrawn totaling approximately $2.7 billion in aggregate principal amount. Given the amount of valid tenders, the total amount of $1.75 billion available to purchase validly tendered Notes, and the acceptance priority levels for purchases of the Notes (as detailed in the Offer to Purchase, dated May 19, 2011 (the “Offer to Purchase”)), ILFC will not purchase any of the Released Notes. The complete terms and conditions of the tender offer for the Notes are detailed in ILFC’s Offer to Purchase and the related Letter of Transmittal (the “Tender Offer Documents”).

The remaining tender offers for the Notes will expire at 11:59 p.m., New York City time, on June 16, 2011 (such time and date, as the same may be extended, the “Expiration Date”). Because the withdrawal deadline for the tender offers has passed, tendered Notes may no longer be withdrawn at any time, except in the limited circumstances where required by law described in the Offer to Purchase.

Barclays Capital Inc. and J.P. Morgan Securities LLC are the Dealer Managers for the tender offers. Questions regarding the tender offers may be directed to Barclays Capital Inc. at (800) 438-3242 (toll-free) or at (212) 528-7581 (collect) and to J.P. Morgan Securities LLC at (866) 834-4666 (toll-free) or at (212) 834-4811 (collect).

D.F. King & Co., Inc. is the Depositary and Information Agent for the tender offers. Requests for the Tender Offer Documents may be directed to D.F. King & Co., Inc. at (212) 269-5550 (for brokers and banks) or (800) 949-2583 (for all others).

None of ILFC, its board of directors, the Dealer Managers, the trustees under the indentures governing the Notes, the Depositary, the Information Agent, or any of their respective affiliates makes any recommendation as to whether holders of Notes should tender their Notes, and no one has been authorized to make such a recommendation. Each holder of Notes must make his, her or its own decisions as to whether to tender his, her or its Notes, and, if a Holder determines to tender, as to how many Notes of each maturity to tender. Holders of the Notes should read carefully the Tender Offer Documents and related materials before any decision is made with respect to the tender offers.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes subject to the tender offers or any other securities, nor shall there be any offer, solicitation or sale of such securities in any jurisdiction in which such offer, solicitation or sale is unlawful.