FOR IMMEDIATE RELEASE

DP WORLD SELLS P&O PORTS TO

AIG GLOBAL INVESTMENT GROUP

American Firm Buys Port Operations.

ARTICLE TAKEN FROM PRESS RELEASE

Dubai, UAE/New York, NY (December 11, 2006) - On December 10, 2006, P&O Holdings, Inc., a wholly-owned subsidiary of global marine terminal operator DP (Dubai Ports) World, DP World is one of the largest marine terminal operators in the world has the widest network of any, with 51 terminals spanning 24 countries has entered into an agreement to sell 100 percent of P&O Ports North America (POPNA) to a wholly owned subsidiary of AIG Global Investment Group for an undisclosed price.

About AIG Global Investment Group

AIG Global Investment Group (AIGGIG) is a worldwide leader in asset management, with extensive capabilities in equity, fixed income, multi-manager hedge funds, private equity, and real estate. AIGGIG manages more than US $635 billion in assets, and employs over 1,800 professionals in 44 offices around the world as of September 30, 2006. Total assets under management include approximately US $540 billion of AIG affiliated assets.  AIGGIG comprises a group of international companies which provide investment advise and market asset management products and services to clients around the world.  The member companies of AIGGIG are subsidiaries of American International Group, Inc. (NYSE:AIG).