ING Closes Its Transaction to Sell Aetna Vida, S.A. to Alico

ING Americas, the North and South America headquarters for Amsterdam-based ING Group, (NYSE: ING), today announced that it has closed its transaction with American Life Insurance Company (ALICO), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG) to sell 100 percent of its interest in Aetna Vida, S.A., a wholly owned Argentinean subsidiary of ING. Terms of the transaction were not disclosed.

ING Argentina is part of Atlanta-based ING Americas, ING's headquarters for North and South America. ING Americas has business operations in the U.S., Canada, Mexico, Argentina, Brazil, Chile, Colombia, Peru, the Netherlands Antilles, as well as reinsurance operations in Bermuda, and Ireland. ING Americas offers a comprehensive array of products and services, including life, health and property & casualty insurance; fixed and variable annuities; reinsurance; guaranteed investment contracts and other institutional investment advisory services; defined contribution plans; and mutual funds. To date, ING Americas and its affiliates have $163 billion in assets under management. ING Americas' parent company, Amsterdam-based ING Group, is one of the largest integrated financial services organizations in the world with $453 billion of assets under management.

CONTACT: Maria Rita Blanco - 54 11 4310 6803 or

Dana Ripley - 770-980-3317

SOURCE: ING Americas

Contact: Maria Rita Blanco, 54 11 4310 6803, or Dana Ripley,
770-980-3317, both of ING Americas

Website: http://www.ing-usa.com/