IGK Ing Grp., N.V. Perpectual Hybrid Cap Secs (Netherlands)

Wolf Haldenstein Adler Freeman & Herz LLP and Kohn, Swift, & Graf, P.C. today filed a class action lawsuit in the United States District Court, Southern District of New York, on behalf of all persons who acquired the 8.5% ING Perpetual Hybrid Capital Securities (the �Securities�) of ING Groep N.V. (�ING� or the �Company�) [NYSE:IGK] pursuant to a registration statement and June 2008 Prospectus (as defined in the Complaint, collectively, as the �Offering Documents�) issued in connection with the Company�s June 2008 offering of the Securities (the �Offering�) against ING, its senior insiders, the investment banks that underwrote the Offering and ING�s auditor pursuant to ��11, 12(a)(2) and 15 of the Securities Act of 1933 [15 U.S.C. ��77k, 77l(a)(2) and 77o] (the �Class�).

The case name is styled Emery v. ING Groep N.V., et al. A copy of the complaint filed in this action is available from the Court, or can be viewed on the Wolf Haldenstein Adler Freeman & Herz LLP and Kohn, Swift, & Graf, P.C. websites at www.whafh.com and www.kohnswift.com respectively.

As detailed in the Complaint, ING sold the Securities at $25 per share for proceeds of approximately $1.7 billion. The Offering Documents incorporated ING�s financial results for 2007 as well as quarterly reports through March 2008.

The Complaint alleges that the Offering Documents, however, omitted material information, namely, that: (a) Defendants� assets, including loans and mortgage-related securities, were impaired to a much larger extent than the Company had disclosed; (b) Defendants failed to properly record losses for impaired assets; (c) the Company�s internal controls were inadequate and prevented the Company from properly reporting the value of its assets; and (d) ING was not as well capitalized as represented, and, notwithstanding the billions of dollars raised in the Offering, the Company would have to raise an additional �10 billion by selling equity in the Company to the Dutch government in order to prevent ING�s total collapse.

After the Offering, ING announced �2 billion in impairment charges associated with its exposure to bad loans, mortgage-related securities and other �pressurized� assets, causing the price of the Securities issued in the Offering to decline.

As a direct and proximate result of the conduct engaged in by each of the defendants in issuing materially false and misleading Offering documents, plaintiff and the other members of the Class have sustained substantial damage in connection with the purchase of the securities issued pursuant to or traceable to the Offering Documents.

If you purchased the Securities during the Class Period, you may request that the Court appoint you as lead plaintiff no later than April 6, 2009. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member�s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as �lead plaintiff.� Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Wolf Haldenstein and Kohn Swift, or other counsel of your choice, to serve as your counsel in this action. Wolf Haldenstein and Kohn Swift have extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.

Wolf Haldenstein has approximately 70 attorneys in various practice areas; and offices in Chicago, New York City, San Diego, and West Palm Beach. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions, please contact Wolf Haldenstein Adler Freeman & Herz LLP at 270 Madison Avenue, New York, New York 10016, by telephone at (800) 575-0735 (Gregory M. Nespole, Esq., David L. Wales, Esq., Matthew M. Guiney, or Derek Behnke), via e-mail at classmember@whafh.com or visit our website at www.whafh.com. All e-mail correspondence should make reference to the IGK Securities.

Ing Grp., N.V. Perpectual Hybrid Cap Secs (Netherlands) (NYSE:IGK)
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Ing Grp., N.V. Perpectual Hybrid Cap Secs (Netherlands) (NYSE:IGK)
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