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PGGM TO BUY BLOCK OF ING GROUP SHARES FROM THE KINGDOM OF THE NETHERLANDS

 THE HAGUE, the Netherlands, Oct. 12 /PRNewswire/ -- With reference to the letter of 7 October, 1993, which the Minister of Finance sent to the speakers of both Chambers of the Dutch Parliament and with reference to the press release by PGGM pension fund, ING Group announces that PGGM has acquired the block of 17,666,586 ING Group depositary receipts, currently in the possession of the Kingdom of the Netherlands.
 The transaction has been effected directly between the Kingdom of the Netherlands and PGGM without mediation by ING. However, ING Bank did play an advisory role in this transaction.
 -0- 10/12/93
 /CONTACT: Internationale Nederlanden Group, + (31 20) 541 5432/


CO: ING Group ST: IN: INS SU:

RA-CF -- AT011 -- 1228 10/12/93 15:25 EDT
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Publication:PR Newswire
Date:Oct 12, 1993
Words:127
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