Filer: ING Groep N.V.
Subject: ReliaStar Financial Corporation
Subject File Number: 1-10640
For Immediate Release
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Media Contact: Arlene Wheaton June 12, 2000
(612) 372-5784
Investor Contact: Karin E. Glasgow
(612) 342-3979
RELIASTAR ANNOUNCES SPECIAL SHAREHOLDER MEETING
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TO APPROVE ING ACQUISITION OF COMPANY
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MINNEAPOLIS - ReliaStar Financial Corp. (NYSE: RLR) announced today it will hold
a special meeting of shareholders on July 27 at 10:00 a.m. (Central time) to
approve the acquisition of ReliaStar Financial and its family of companies by
ING Groep N.V. Holders of ReliaStar shares on June 16, 2000, will be entitled to
attend and vote at this meeting, which will be held at ReliaStar headquarters at
20 Washington Avenue South in Minneapolis.
In addition to shareholder approval, the acquisition is subject to
receipt of certain regulatory approvals. As announced on May 1, the ING
acquisition of ReliaStar is expected to close late in the third quarter of 2000.
ReliaStar shareholders will receive a proxy statement included in the
registration statement and information regarding the acquisition prior to the
special meeting.
ReliaStar Financial Corp. is a Minneapolis-based holding company whose
subsidiaries offer individuals and institutions life insurance and annuities,
employee benefits products and services, retirement plans, life and health
reinsurance, mutual funds, and bank and trust products. ReliaStar Financial, a
Fortune 500 company, is the eighth largest publicly held life insurance holding
company in the United States based on 1999 revenues, and has $38.4 billion in
assets under management and its subsidiaries have life insurance in force of
$369.4 billion.
-more-
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RELIASTAR ANNOUNCES SPECIAL SHAREHOLDER MEETING, PG 2 OF 2
ING and ReliaStar will be filing a joint proxy statement/prospectus and other
relevant documents concerning the merger with the United States Securities and
Exchange Commission (the "SEC"). WE URGE INVESTORS TO READ THE JOINT PROXY
STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC,
BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Investors will be able to obtain the
documents free of charge at the SEC's web site, www.sec.gov. In addition,
documents filed with the SEC by ReliaStar will be available free of charge from
the Secretary of ReliaStar at 20 Washington Avenue South, Minneapolis, Minn.,
55401; Telephone (612) 372-5432. Documents filed with the SEC by ING will be
available free of charge from the Investor Relations Department, Strawinskylaan
2631, 1077 ZZ Amsterdam, P.O. Box 810, 1000 Av. Amsterdam, The Netherlands
31-20-541-5462.
PLEASE READ THE JOINT PROXY STATEMENT/PROSPECTUS CAREFULLY BEFORE MAKING A
DECISION CONCERNING THE MERGER.
ReliaStar and its board of directors will be soliciting proxies from ReliaStar
stockholders in favor of the merger. YOU CAN OBTAIN MORE INFORMATION ABOUT
RELIASTAR'S DIRECTORS AND OFFICERS AND THEIR BENEFICIAL INTERESTS IN RELIASTAR'S
COMMON STOCK FROM THE SEC'S WEB SITE, WWW.SEC.GOV, AND RELIASTAR'S WEB SITE,
WWW.RELIASTAR.COM.
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