ReliaStar Financial Corp. Recalls Preferred Securities

PRNewswire-FirstCall
ATLANTA
Jun 7, 2002

ReliaStar Financial Corp., a member of Amsterdam-based ING Group (NYSE: ING), has announced its intention to exercise in full its optional redemption rights for certain ReliaStar Financial Corp. 8.10 percent Trust Originated Preferred Securities (TOPrS) (NYSE: RLRPRB) and the 8.10 percent Common Securities (each dated June 3, 1997 and due June 3, 2027) effective as of July 15, 2002. The redemption price will be 100 percent of the principal amount, $25 per Preferred Security, plus any accrued unpaid interest thereon to the date of the redemption. The cumulative interest payable quarterly in arrears on June 30, 2002 will be distributed on July 1, 2002.

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SOURCE: ING Americas

CONTACT: Dana E. Ripley of ING Americas, +1-770-980-3317, or cellular,
+1-404-202-6679

Web site: http://www.ing-usa.com/