Underwriters of ING Group Offering of ING U.S. Common Stock to Acquire Approximately 4 Million Additional Shares

PR Newswire

NEW YORK, March 21, 2014 /PRNewswire/ -- ING U.S., Inc. (VOYA), which will rebrand as Voya Financial, Inc. in 2014, announced today that the underwriters in ING Group's public offering of 26,500,000 shares of ING U.S. common stock have exercised in full their option to purchase 3,975,000 additional shares from ING Group.

As previously announced, ING U.S. will also repurchase from ING Group 7,255,853 shares of its common stock pursuant to the terms of a share repurchase agreement with ING Group. In total, ING Group will sell approximately 37.7 million shares of ING U.S. common stock, thereby reducing its ownership stake in ING U.S. to approximately 43% immediately following the closing of the transaction.

Closing of the public offering and of the share repurchase are expected to occur on March 25, 2014, subject to a number of closing conditions. Morgan Stanley & Co. LLC, Goldman, Sachs & Co., Citigroup Global Markets Inc., and BofA Merrill Lynch are acting as joint global coordinators for the public offering.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, Email: prospectus@morganstanley.com, Telephone: (866) 718-1649; Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, telephone: (866) 471-2526, 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, Attn: Prospectus Department, 222 Broadway, New York, NY 10038, email: dg.prospectus_requests@baml.com.

Media Contact:

Investor Contact:

Christopher Breslin

Darin Arita

(212) 309-8941

(212) 309-8999

Christopher.Breslin@us.ing.com  

IR@us.ing.com

About ING U.S.
ING U.S. (VOYA), which will rebrand as Voya Financial in 2014, 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, one institution at a time.

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