direct/ ING Real Estate (NL) - ZLOTE TARASY CENTRE OPENS 1ST QUARTER 2007

ING Real Estate announced today that Zlote Tarasy Sp.z.o.o., its affiliate that is developing the Zlote Tarasy Centre in Warsaw (Poland), has had to decide to postpone the opening of the Zlote Tarasy centre. The opening is now planned in the first quarter of 2007 instead of November 2006. Zlote Tarasy Sp.z.o.o. decided to postpone because the contractor, Skanska, has not honoured its contractual obligations to have the centre ready for opening on the 1st of November 2006.

Marcel Kooij, Managing Director of Zlote Tarasy Sp.z.o.o, said: "We deplore that, in spite of substantial incentives offered by us, Skanska has not been able to deliver the technical installations of the centre timely. We had no other choice than to make the regrettable decision to postpone the opening. In close cooperation with our tenants we will work towards an opening in the first quarter of 2007. The exact opening date will be announced as soon as possible."

The delay is expected to have no material impact on the results of ING Real Estate.

Press enquiries:
Wieger Sietsma, ING Real Estate,
+31 70 341 8474
+31 62 500 0925
wieger.sietsma@ingrealestate.com

ING Real Estate is a global real estate company, active in real estate investment management, development and finance. With a total portfolio of EUR 75 billion and offices in eighteen countries in Europe, the United States, Asia and Australia, ING Real Estate ranks among the world´s largest real estate players.

ING Real Estate is part of ING Group, a global financial institution of Dutch origin offering banking, insurance and asset management to over 60 million private, corporate and institutional clients in more than 50 countries.




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