Underwriters of ING Group Offering of ING U.S. Common Stock Exercise Option to Acquire Additional Shares

NEW YORK, Oct. 24, 2013 /PRNewswire/ -- ING U.S., Inc. (NYSE: VOYA) announced today that the underwriters in ING Group's offering of ING U.S. common stock have exercised their option to purchase 4.95 million additional shares of ING U.S. from ING Group at the offering price of $29.50 per share.  As a result, ING Group will sell approximately 38 million shares of ING U.S. in the offering, thereby reducing the company's stake in ING U.S. to approximately 57 percent.

ING U.S. will not receive any proceeds from the offering.

Morgan Stanley & Co. LLC, Goldman, Sachs & Co., Citigroup Global Markets Inc., and BofA Merrill Lynch acted as joint global coordinators for the offering.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The registration statement relating to these securities has been filed with the SEC and has become effective. The offering of these securities will be made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, telephone: (866) 718-1649, email: prospectus@morganstanley.com; Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, telephone: (866) 471-2526, facsimile: (212) 902-9316, email: prospectus-ny@ny.email.gs.com; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (800) 831-9146, email: batprospectusdept@citi.com; and BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attention: Prospectus Department, email: dg.prospectus_requests@baml.com.

ING U.S. (NYSE: VOYA), which plans to rebrand in the future as Voya Financial, is a premier retirement, investment and insurance company serving the financial needs of approximately 13 million individual and institutional customers in the United States. The company's vision is to be America's Retirement company and its guiding principle is centered on solving the most daunting financial challenge facing Americans today – retirement readiness. Working directly with clients and through a broad group of financial intermediaries, independent producers, affiliated advisors and dedicated sales specialists, ING U.S. provides a comprehensive portfolio of asset accumulation, asset protection and asset distribution products and services. With a dedicated workforce of approximately 7,000 employees, ING U.S. is grounded in a clear mission to make a secure financial future possible – one person, one family and one institution at a time.



Media Contact:                                                         

Investor Contact:

Christopher Breslin                                                    

Darin Arita

212-309-8941                                                             

212-309-8999

Christopher.Breslin@us.ing.com                                

IR@us.ing.com



 

SOURCE ING U.S., Inc.




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