Kuala Lumpur, April 10, 2006 - ING Funds Berhad, announced today the launch of the ING AsiaPac Capital Guaranteed Fund, the first capital guaranteed fund of its kind in Malaysia. The fund assures investors 100% return of capital after three (3) years, with diversified exposure to five selected Asia-Pacific equity market indices via the ING AsiaPac Index Option. It is ideal for local investors who are looking to participate directly in the Asia-Pacific markets and are prepared to stay invested for the three year period. At the end of the three years, the fund will return 100% of the invested capital plus any returns from the performance of the five selected regional equity market indices.

The ING AsiaPac Index Option consist of a basket of equally weighted market indices comprising the of Kospi 200, Korea; FTSE Xinhua, China (listed in Hong Kong); Nikkei 225 Japan; ASX 200 Australia and the MSCI Taiwan Index.

The unique feature of the ING AsiaPac Capital Guaranteed Fund is that it provides 100% equity participation in the five selected regional equity markets via the listed basket of ING AsiaPac Index Option - the first index option to be listed and traded on the Luxembourg Stock Exchange. The fund provides investors with potential upside, based on the average market movements of the five selected market indices over a three year period.

Steve Ong, Chief Executive Officer, ING Funds Berhad stated: " The ING AsiaPac Capital Guaranteed Fund has been specially designed for investors seeking to preserve the value of their capital, whilst seeking higher potential equity returns from investing in the five selected Asia-Pacific markets. This fund provides investors with cost effective and easy access to the five Asia-Pacific markets. By investing across the five equity market indices investors are essentially investing in the 750 blue chip counters across the region.

In terms of risk diversification, the ING AsiaPac Capital Guaranteed Fund spreads the risk over the five equally weighted market indices, and across the 750 blue chip counters. We selected the five regional markets as they enjoyed significant growth over the last three years. Countries like Japan, China, Taiwan, Korea and Australia are expected to provide potential upside in their respective markets over the next three years."

He added that in comparison with current available global offshore funds, the ING AsiaPac Capital Guaranteed Fund is the most competitive and charges only 1.5% entry fee plus an annual management fee of 1% for the three year period. This translates into investors having more money working towards generating potential returns on their invested capital.

A unique feature of the fund is the return of the ING AsiaPac Index Option will be averaged across thirty six months and this means that any volatility in the five market indices will be spread across the three year period. At the end of the three year period, the return will be the difference between the average thirty six monthly observations and the starting index levels of these markets.

The ING AsiaPac Capital Guaranteed Fund's approved fund size is 300 million units while the entry price during the 45-day offer period from 12 April to 26 May 2006 is RM1.00 per unit. The fund is also recognised by the Employees Provident Fund (EPF) and investors have an option of taking-up the funds through EPF's Members' Investment Scheme, therefore allowing for greater participation by the public.

Investors can purchase units of ING AsiaPac Capital Guaranteed from authorised ING Funds Advisers as well as authorised bank distributors, which are EON Bank, Standard Chartered Bank, United Overseas Bank, Alliance Bank and AmBank.