New York (ots/PRNewswire)

Starr International Company, Inc. ("SICO"), through its
wholly-owned subsidiary Starr Investments Cayman I, Inc., acquired a
substantial shareholding in Discovery Russian Realty Paveletskaya
Project Limited, a real estate development company which will develop
a mixed use complex in the Paveletskaya business area in Moscow. The
development contemplates construction of four 11-story class A office
buildings and an hotel of 170 rooms.

Starr International Company, Inc ("SICO") is a non-regulated
private investment company incorporated in Panama in 1943 and is
chaired by Mr. Maurice R. Greenberg. SICO serves as a private
financial services holding company with approximately USD$20 billion
in assets world wide. These investments are made through direct
investments, publicly traded securities and private equity funds with
a focus on financial services, real estate, consumer products and
services, retail and energy businesses. SICO remains as the single
largest shareholder of American International Group, Inc.

Contact:
    Sarah Lubman
    Brunswick Group
    +1-212-333-3810

Contact:

Sarah Lubman of Brunswick Group, +1-212-333-3810, for Starr
International Company, Inc.