ING INDUSTRIAL FUND PRICE QUERY We refer to the price query received from the Australian Securities Exchange (ASX) in relation to the ING Industrial Fund (the “Fund”) and respond as follows to the specific questions you have posed. Is the Fund aware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading in the securities of the Fund? The Fund refers to the disclosures made in the “IIF December 2008 Half Year Results announced on 27 February 2009 and IIF Appendix 4D and Accounts – 31 December 2008” and confirms it is not aware of any additional information that has not been announced that could explain recent trading in its securities. The Fund and the banking syndicates are presently negotiating revised facility agreements which are likely to provide for security over certain Fund’s assets, including its investment properties and an increase to the limit for the Total Leverage Ratio. The Fund will update the market once the terms have been finalised. Is there any other explanation that the Fund may have for the price change in the securities of the Fund? Apart from the continued weakness and volatility in the market and the increase in trading volume on 12 March 2009, there are no other explanations that the Fund is aware of that may explain the price change in the Fund’s securities. Please confirm that the Fund is in compliance with the listing rules and, in particular, listing rule 3.1? We confirm that the Fund is in compliance of all the ASX Listing Rules including ASX Listing Rule 3.1. Yours sincerely,
IIF Price at posting:
10.8¢ Sentiment: None Disclosure: Not Held
