ING Group to Enter into Seven Year Reference Data Management Service Agreement with Capco; ING Group to Join 30 Other Top-Tier Global Financial Institutions as Clients of Capco's Managed Reference and Market Data Services.

NEW YORK & LONDON -- Capco, the global provider of consulting, processing services and technology solutions to the financial services industry, today announced that it will enter into a seven year agreement with ING Group, whereby Capco Reference Data Services (CRDS), will acquire ING's Security Master File (SMF) platform and will in turn provide ING with managed reference data services. The agreement represents a major milestone for CRDS and the global financial services industry. CRDS will be the first vendor to provide a managed securities and market reference data service and platform that covers all asset classes and all data types.

As a result of the agreement, ING will achieve immediate cost reductions and operational benefits.

"We chose to work with CRDS as they are recognized for their deep industry expertise and capacity to deliver," said Erik Dralans, Executive, ING Group. "Clean reference data is critical to our operations, and we chose to entrust our data to CRDS because they have proven that they understand our business and have the skills to optimally manage reference data."

CRDS will integrate ING's proprietary, state-of-the-art reference data technology solution and extensive functional coverage within its existing platform. As a result, CRDS, which already provides high quality data sourcing, validation, cleansing, reconciliation and distribution services, will be the first provider to offer a full range of traded and OTC asset classes - fixed income, global equities, derivatives, money markets, and OTC instruments - and all data types, such as counterparty, legal entity hierarchy, descriptive data, pricing, and corporate actions.

With this arrangement, CRDS now has the ability to provide new and existing clients with security master technology (CRDS Container) that allows for easy integration between the client's applications that consume the data and CRDS services. Clients will be able to receive data into the centralized Container from where the data will be distributed to consuming applications utilizing messaging protocols, respond/request service oriented connectivity or through file extraction and transfer . The Container is based on ING's security master platform that has been designed to specifically address the data distribution requirements for downstream applications by allowing users to subscribe to those securities that are of interest, their selected attributes and their preferred data source. The Container will allow financial institutions to significantly reduce time and costs of implementing centralized reference data processing by eliminating the need to implement and integrate their own security masters.

"Our decision to take over and build on top of ING's SMF platform," said Predrag Dizdarevic, Executive Vice President of Capco and President of Capco Reference Data Services, "is based on SMF's proven record as a centralized reference data solution, used across the whole ING group. Its unique distribution capacity and extremely rich multi-provider data model enables us to contemplate high volume one-to-many client service."

ING joins 30 other top-tier global financial institutions as clients of CRDS' managed reference and market data services. Among these clients is Morgan Stanley who has utilized various CRDS services for 10 years, which were initially provided by Iverson Financial Systems, Inc., prior to its acquisition by Capco in January, 2004. Morgan Stanley was a pioneer in the use of selective sourcing. Their decision to outsource part of its reference data management was based on achieving enhanced operational capabilities and efficiencies.

"ING realizes, as do many of our other clients, that they no longer have to manage non-strategic processes and that they can outsource their enterprise-wide data management needs to Capco Reference Data Services," said Predrag Dizdarevic. "It is the beginning of a new era in reference data management, and we are the first end-to-end reference and market data services provider. We offer a complete solution that helps clients achieve immediate cost savings and allows firms to focus on their business."

About Capco

Capco is a leading global provider of integrated transformation services and solutions designed specifically for the financial services industry. These services - consulting, processing services, and technology solutions - leverage Capco's deep expertise in the corporate and investment banking, asset management, hedge fund and retail financial services segments. For more information, please visit www.capco.com.

About Capco Reference Data Services (CRDS)

Capco Reference Data Services has been providing reference data expertise for more than 20 years. CRDS helps organizations achieve superior data integrity, solve integration issues and optimize operational performance while lowering data costs. CRDS offers a range of data management outsourcing services, including managed data services, pre-packaged value-added data solutions, as well as consulting services.

CRDS's reference data operations team consists of highly trained experts located throughout the world, operating from offices in New York, London, Paris, Toronto, Frankfurt, Antwerp, Sunnyvale and Bangalore. CRDS data analysts provide analysis, exception management and resolution, feed monitoring, and delivery to our clients, covering over 1.4 million global securities. The CRDS help desk provides research and direct support to our clients' end-user community on a 24x7 basis.

CRDS's services are delivered according to defined service level agreements ensuring that clients receive the highest quality of service and data. In addition, CRDS directly manages more than 80 data supplier relationships on behalf of our clients. CRDS's best-of-breed platform supports its entire data operations providing global access and operates 24x7.

For further information on services and products, please visit www.capco.com/crds.

About ING

ING is a global financial organization of Dutch origin offering banking, insurance and asset management to over 60 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of about 115,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.