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ING Investment Management: Resignation of CEO, Change in Min. Application Amount under ING Tax Savings Fund

ING Investment Management has notified the following:

1. Mr. Vineet Vohra, Managing Director and CEO has resigned from the Board of ING Investment Management (I) Pvt. Ltd. with effect from December 31, 2008.

2. The minimum amount of initial and subsequent application, withdrawals under ING Tax Savings Fund has been revised to Rs. 500. Earlier, minimum amount of investment was Rs. 5,000 and withdrawals could be made with for a minimum amount of Rs. 1,000. The change is effective from January 13, 2009.