AMERICAN FINANCIAL GROUP TO ANCHOR NEW OFFICE TOWER

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CINCINNATI — American Financial Group (AFG) has signed a long-term lease to occupy 22 floors of the Great American Insurance Building at Queen City Square, a 40-story office tower located at the intersection of Fourth and Sycamore streets in downtown Cincinnati. AFG will lease approximately 530,000 square feet of the 825,000-square-foot building, representing two-thirds of the building, and will serve as the anchor tenant. The first phase of Queen City Square, the 303 Broadway building, was developed as a public/private partnership between Western & Southern Financial Group, the city of Cincinnati and the Port of Greater Cincinnati Development Authority, and it is expected that the new building will be developed through a similar partnership. Construction is set to begin in mid-2008, with completion scheduled in 2011.

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