ING Announces Merger Of Units Of Two Schemes - Feb 11, 2009

ING Mutual Fund has announced the merger of ING OptiMix Active Short Term Fund (AST) with ING OptiMix Active Debt Multi Manager FOF Scheme (AD), with effect from March 7, 2009. Accordingly after the merger, both the retail and institutional plan of merging scheme AST is proposed to be merged into the merged scheme. The dividend option of the merging scheme (AST) is proposed to be merged into the dividend option of the merged scheme (AD). In line with this, the growth option of the merging scheme is proposed to be merged into the growth option of the merged scheme. However, the objective of investment and asset allocation pattern of AD will remain the same. All the AST unit holders at the end of 7 March 2009 will automatically become the unit holders of AD.

The investors of ING OptiMix Active Debt Multi Manager FOF Scheme may exercise an exit option without any exit load from February 6, 2009 to March 7, 2009. If the investors do not exercise the exit option, it would be deemed that they have consented to the proposed change.