Public Relations
For Immediate Release News                                         MetLife, Inc.
                                                               One MetLife Plaza
                                                        27-01 Queens Plaza North
                                                      Long Island city, NY 11101

MetLife (R)                                                       [MetLife Logo]


     Contacts:     For Media:      John Calagna
                                   (212) 578-6252

                   For Investors:  Tracey Dedrick
                                  (212) 578-5140


                                 METLIFE COMPLETES SALE OF
                         PETER COOPER VILLAGE AND STUYVESANT TOWN

     NEW YORK, November 17, 2006 - MetLife, Inc. (NYSE: MET) announced today
     that it has completed the sale of its Peter Cooper Village and Stuyvesant
     Town properties to a group led by Tishman Speyer and BlackRock Realty, the
     real estate arm of BlackRock, Inc. (NYSE: BLK), for $5.4 billion.

     The properties were owned by the MetLife affiliate Metropolitan Tower Life
     Insurance Company.

     The sale, which was announced on October 17, 2006, resulted in a gain of
     approximately $3 billion, net of income taxes, and will be reflected in the
     company's fourth quarter 2006 financial results.

     MetLife, Inc. is a leading provider of insurance and financial services
     with operations throughout the United States and the Latin America, Europe
     and Asia Pacific regions. Through its domestic and international
     subsidiaries and affiliates, MetLife, Inc. reaches more than 70 million
     customers around the world and MetLife is the largest life insurer in the
     United States (based on life insurance in-force). The MetLife companies
     offer life insurance, annuities, auto and home insurance, retail banking
     and other financial services to individuals, as well as group insurance,
     reinsurance and retirement & savings products and services to corporations
     and other institutions. For more information, please visit www.metlife.com.

     This release contains statements which constitute forward-looking
     statements within the meaning of the Private Securities Litigation Reform
     Act of 1995, including statements relating to trends in the operations and
     financial results and the business and the products of the company and its
     subsidiaries, as well as other statements including words such as
     "anticipate," "believe," "plan," "estimate," "expect," "intend" and other
     similar expressions. Forward-looking statements are made based upon
     management's current expectations and beliefs concerning future



     developments and their potential effects on the company. Such
     forward-looking statements are not guarantees of future performance.

     Actual results may differ materially from those included in the
     forward-looking statements as a result of risks and uncertainties
     including, but not limited to, the following: (i) changes in general
     economic conditions, including the performance of financial markets and
     interest rates; (ii) heightened competition, including with respect to
     pricing, entry of new competitors and the development of new products by
     new and existing competitors; (iii) unanticipated changes in industry
     trends; (iv) the company's primary reliance, as a holding company, on
     dividends from its subsidiaries to meet debt payment obligations and the
     applicable regulatory restrictions on the ability of the subsidiaries to
     pay such dividends; (v) deterioration in the experience of the "closed
     block" established in connection with the reorganization of Metropolitan
     Life Insurance Company; (vi) catastrophe losses; (vii) adverse results or
     other consequences from litigation, arbitration or regulatory
     investigations; (viii) regulatory, accounting or tax changes that may
     affect the cost of, or demand for, the company's products or services;
     (ix) downgrades in the company's and its affiliates' claims paying ability,
     financial strength or credit ratings; (x) changes in rating agency policies
     or practices; (xi) discrepancies between actual claims experience and
     assumptions used in setting prices for the company's products and
     establishing the liabilities for the company's obligations for future
     policy benefits and claims; (xii) discrepancies between actual experience
     and assumptions used in establishing liabilities related to other
     contingencies or obligations; (xiii) the effects of business disruption or
     economic contraction due to terrorism or other hostilities; (xiv) the
     company's ability to identify and consummate on successful terms any future
     acquisitions, and to successfully integrate acquired businesses with
     minimal disruption; and (xv) other risks and uncertainties described from
     time to time in the company's filings with the Securities and Exchange
     Commission, including its S-1 and S-3 registration statements. The company
     specifically disclaims any obligation to update or revise any
     forward-looking statement, whether as a result of new information, future
     developments or otherwise.

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