ING Investment Management To Purchase Value Manager Delta Capital Management

ING Investment Management Americas, part of ING Group (NYSE: ING) is pleased to announce that it is purchasing Delta Capital Management, LLC (Delta) and is hiring William F. Coughlin, CFA, presently managing partner of Delta, together with partners Jonathan Kay, CFA, Anthony Cavlov and Michael Hemberger as portfolio managers in its institutional and mutual fund investment teams. Delta presently manages about $275 million in large capitalization value portfolios for institutional investors and high-net-worth individuals. This team will be based in New York and will report to Rick Nelson, chief investment officer of ING Investment Management Americas.

Bill Coughlin and his team follow a value investment style centered around a low price-to-earnings discipline. Prior to forming the current Delta Capital Management in 1998, the team worked together at Scudder Kemper Investments and its predecessor firm Dreman Value Advisors.

Bill Coughlin comments, "We believe this is a very positive move both for our clients and us. Our value expertise complements ING Investment Management's extensive growth and core equity investment capabilities. We will benefit from the strong client service, operations and administration infrastructure within ING, which will enable us to continue to dedicate the vast majority of our time and energy to adding value to client portfolios."

Bob Crispin, chairman and chief executive officer of ING Investment Management Americas comments, "I am delighted by this acquisition and our new large-cap value management team. We are extremely fortunate to have a team of this caliber join us. Their well-defined investment process and proven track record were instrumental in our decision to bring them into ING. Their large- cap value investment capability further complements the investment expertise ING Investment Management can offer its institutional and mutual fund clients across the equity style spectrum. This acquisition is another example of our firm's commitment to enhancing our investment capabilities to meet ING's clients' investment objectives."

About ING Investment Management

ING Investment Management Americas has approximately $150 billion in assets under management in its investment operations in New York, Atlanta, Hartford, Minneapolis, and Scottsdale, as well as Canada, Mexico and South America. ING Investment Management Americas units provide asset and relationship management services for institutional, managed account and alternative businesses and manage assets for many of ING's mutual funds and insurance companies.

ING Investment Management is a global organization with over $300 billion in assets under management in 26 countries. ING Investment Management's broad array of investment strategies combined with ING Group's distribution capabilities across retail and institutional channels enables the organization to offer an integrated financial services solution for its clients, both in the U.S. and globally.

  For further information, please contact:
  Cindy Schaus
  ING Americas
  Corporate Communications
  515-698-7607
  Email: Cindy.Schaus@ing-dm.com

  Arlene Driscoll
  ING Investment Management Americas Communications Services
  212-309-6407
  Email: adriscoll@ing-mag.com

SOURCE: ING Investment Management Americas

CONTACT: Cindy Schaus of ING Americas Corporate Communications,
+1-515-698-7607, or e-mail, Cindy.Schaus@ing-dm.com , or Arlene Driscoll of
ING Investment Management Americas Communications Services, +1-212-309-6407,
or e-mail, adriscoll@ing-mag.com

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