REAL ESTATE

Launch of new private client fund in the Netherlands

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March 8, 2007, ING Real Estate, Investment Management, The Netherlands

ING Real Estate and ING Bank have today announced the launch of ING Real Estate Woningfonds VI CV, an unlisted vehicle targeting the Dutch private banking market.

The fund will invest in a diversified Dutch residential portfolio of EUR 50 million with an expected estimated average annual return, excluding issuing costs of 9.2%, over an expected lifetime of 8 years and 8 months. The subscription period starts on 19 March 2007.

Read more detailed information in the attached press release (Dutch language) or visit the Private Fund Management website via the attached link.