Press Releases

AMSTERDAM, NETHERLANDS -- (MARKET WIRE) -- 11/11/09 --

  * 3Q09 underlying net result of EUR 778 million, compared with EUR
    229 million in 2Q09 and EUR -568 million in 3Q08

       * Pre-tax market impacts of EUR -882 million include
         impairments on debt securities and real estate revaluations
         and impairments
       * Results excluding market impacts and risk costs were EUR 2.4
         billion, primarily attributable to the Bank
       * Cost reduction programmes brought operating expenses down
         9.3%, or EUR 330 million, from the third quarter last year
       * Divestments and special items totalled EUR -278 million,
         bringing the 3Q09 net result to EUR 499 million or EUR 0.25
         per share

  * Bank underlying net result of EUR 264 million, versus a loss of
    EUR -25 million in 2Q09 and EUR -101 million in 3Q08

       * Market impacts of EUR -1,121 million include EUR -664
         million impairments on debt securities, EUR -423 million on
         real estate
       * Strong interest income and Financial Markets results, lower
         costs drive results excl. market impacts and risk costs of
         EUR 2.0 billion

  * Insurance underlying net result of EUR 514 million, compared with
    EUR 254 million in 2Q09 and EUR -467 million in 3Q08

       * Favourable pre-tax market impacts of EUR 240 million
         including realised gains on equities and positive DAC
         unlocking
       * Lower investment margins and stable cost base lead to result
         excluding market impacts of EUR 346 million

  * Shareholders' equity and capital ratios strengthened

       * Shareholders' equity increases by 19%, or EUR 4.2 billion,
         in 3Q09 to EUR 26.5 billion as market values of debt
         securities increased
       * Core Tier 1 ratio increases to 7.6% from 7.3% at the end of
         2Q09; Risk-weighted assets decline EUR 8 billion to EUR 337
         billion
       * Group debt/equity ratio improves slightly to 13.1% from
         13.5% in 2Q09

  * Back to Basics transformation programme progressing on track or
    ahead of original targets

       * Cumulative reduction in Bank balance sheet of EUR 176
         billion, or 16%, since 30 September 2008 exceeds 10%
         reduction target
       * EUR 1 billion of cost savings achieved in fi rst nine months
         of 2009 versus revised annual target of EUR 1.3 billion
       * Total FTE reduction of 10,239 realised by end of September
         2009

CHAIRMAN'S STATEMENT

"ING achieved a strong commercial performance in the third quarter, illustrating the strength of our Banking and Insurance franchises even in this challenging economic environment," said Jan Hommen, CEO of ING Group. "The Bank continued to benefi t from resilient interest results and strong Financial Markets performance. Insurance sales improved from the second quarter, although investment margins were under pressure following de-risking measures taken earlier this year. Negative market impacts were less severe than in previous quarters as equity markets improved; however, results continued to be impacted by impairments on mortgage-backed securities and negative revaluations on real estate investments. This resulted in an underlying net profi t of EUR 778 million for the Group in the third quarter, supported by our ongoing efforts to drive down expenses."

"We have achieved most of the targets set out in the fi rst phase of our Back to Basics programme thanks to the enormous efforts of our management and staff. Operating expenses have been reduced by EUR 1 billion on a comparable basis, and we expect to reach our EUR 1.3 billion target for the full year. We exceeded our target for de-leveraging the Bank's balance sheet, reaching a 16% reduction over the past 12 months, while improving our margins. Divestments of non-core activities gained pace in the third quarter, and we have demonstrated a disciplined approach to achieve attractive prices even in the current market environment."

"In the fourth quarter, we announced plans to take our Back to Basics programme a step further and move towards a full separation of Banking and Insurance. This was not a decision we took lightly, but I strongly believe it is the right choice and the right time. The financial services industry will be transformed as a result of the crisis and the winners will be those institutions that can regain their customers' trust, offering transparent products, value for money and superior service. The split will enable both the Bank and the Insurer to adapt more quickly and emerge from the crisis more effi cient, more agile, and more focused on meeting our customers' needs."

"In the Netherlands we have proven that ING can achieve attractive returns in the most competitive retail banking market in Europe. ING Direct has set the global standard for internet banking with high customer satisfaction and one of the lowest cost bases in the industry. Our One Bank strategy will leverage these skills across the organisation to grow our retail banking franchise, offering customers a different kind of banking experience while delivering attractive returns for shareholders."

"Our insurance company is a leader in retirement services with an attractive mix of mature and growth markets. We will take great care to ensure the separation of the business goes smoothly and that we continue to deliver business as usual for our customers. The divestment of insurance will be done carefully to ensure value for shareholders is protected while balancing the interests of all stakeholders."

"We have a lot of work ahead, but this is the beginning of an exciting new phase for ING. Our resolution with the European Commission on restructuring will put behind uncertainty and enable us to focus on the future. We are also raising equity to repay the first half of the capital support received from the Dutch State a year ago, which is an important milestone on our road to recovery. It is time to move forward, and I look forward to the journey ahead."

The full report including tables can be downloaded from the following link:

ING Group Q3 2009 Results: http://www.ing.com/cms/idc_cgi_isapi.dll?IdcService=GET_FILE&dDocName=420389_EN&RevisionSelectionMethod=latestReleased

The following documents can be downloaded from around 07:15 am CET from the following links:

Analyst Presentation: http://www.ing.com/cms/idc_cgi_isapi.dll?IdcService=GET_FILE&dDocName=420393_EN&RevisionSelectionMethod=latestReleased

Quarterly Report: http://www.ing.com/cms/idc_cgi_isapi.dll?IdcService=GET_FILE&dDocName=420396_EN&RevisionSelectionMethod=latestReleased

Group Statistical Supplement: http://www.ing.com/cms/idc_cgi_isapi.dll?IdcService=GET_FILE&dDocName=420399_EN&RevisionSelectionMethod=latestReleased

US Statistical Supplement: http://www.ing.com/cms/idc_cgi_isapi.dll?IdcService=GET_FILE&dDocName=420405_EN&RevisionSelectionMethod=latestReleased

Investor enquiries
T: +31 20 541 5460
E: investor.relations@ing.com


Press enquiries
T: +31 20 541 5433
E: mediarelations@ing.com

Conference calls and webcasts

Jan Hommen, Koos Timmermans and Patrick Flynn will discuss the results in an analyst and investor conference call on 11 November 2009 at 9:00 CET. Members of the investment community can join in listen-only mode at +31 20 794 8500 (NL), +44 208 515 2315 (UK) or +1 480 629 9771 (US) and via live audio webcast at www.ing.com.

A press conference call will be held on 11 November 2009 at 11:30 CET. Journalists are invited to join the conference call in listen-only mode at +31 20 794 8500 (NL) or +44 207 190 1537 (UK).

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

2009 Third Quarter Results ING Group: http://hugin.info/130668/R/1354120/328186.pdf

Copyright © Hugin AS 2009. All rights reserved.

NEW YORK, NY -- (MARKET WIRE) -- 11/11/09 -- Morgan Stanley is the prime brokerage preferred by hedge fund managers with more than $1 billion in assets in the fifth annual Alpha Awards, which rank the top service providers as chosen by managers of hedge funds large and small.

The complete list of winning firms and analysts can be found on our web site, www.iimagazine.com.

BNP Paribas is the broker of choice among managers of funds with less than $1 billion.

The awards, which originated in Institutional Investor's sister publication Alpha and are being published for the first time in Institutional Investor this year, rank service providers in five broad categories: accounting, administration, law firms (onshore and offshore), and prime brokerage.

Administrators -- regardless of what size hedge funds they service -- report that business has never been more brisk, even though total hedge fund assets are still down about $400 billion from their 2008 peak of $1.9 trillion, according to Chicago-based Hedge Fund Research. The unprecedented $65 billion investment fraud perpetrated by Bernard Madoff underscored the importance of independent, third-party administration.

"Largely because of events such as Madoff and the collapse of Lehman, there's a drive from investors to see self-administered funds have third-party administration involved," says Cory Thackeray, head of Goldman Sachs' administrative services group, which is ranked No. 1 for a third straight year among managers of large hedge funds.

The financial crisis has also sparked a surge in business for law firms serving the hedge fund industry. With fund launches down precipitously and liquidations at record levels, restructuring has become the name of the game.

"This was a year in which you needed, as a hedge fund lawyer, to have not just legal experience but real business experience to add that value to clients," observes Steven Nadel, one of seven partners in the investment management group at Seward & Kissel, in first place as the onshore law firm of choice among managers of bigger hedge funds.

The complete list of winning firms and analysts can be found on our web site, www.iimagazine.com.

For more information about this ranking, please contact Michele Bickford at mbickford@iiresearchgroup.com or (212) 224-3360.

Contact:
Michele Bickford
mbickford@iiresearchgroup.com
(212) 224-3360

Telenity and CIS Enable Zain Nigeria to Address Demand for Innovative Mobile Services

MONROE, Conn.--(BUSINESS WIRE)-- Telenity (www.telenity.com), a leading provider of next generation converged services platforms and applications for communications networks, announced today that Zain Nigeria has chosen Telenity's market leading Mobile Collect Call Application, Canvas(R) PayForMe(TM) for deployment in its network. Established in 2000, Zain Nigeria is one of the fastest growing operations of Zain Group in Africa. The Nigerian operator currently covers thousands of communities across the six geopolitical zones of the country and accounts for 20% of Zain Group's total revenues.

Telenity and its local partner CIS Nigeria will provide Zain Nigeria a mobile collect call system that supports 20 million subscribers. This new win, with yet another Zain Group operation, is a joint success of the two companies and is an affirmation to their commitment to the region and their mutual customers.

Canvas PayForMe, Mobile Collect Call Application also known as wireless reverse charge calling, provides mobile subscribers the opportunity to make calls even if they run out of credit or have a low balance in their prepaid accounts. By allowing the costs of the call to be charged to the called party pending subscriber consent, Canvas PayForMe helps operators increase their network usage and stimulate revenue generating calls that would not have been otherwise made.

Canvas PayForMe, Mobile Collect Call application will help Zain Nigeria remain competitive and continue to be the "first" to offer Nigerian subscribers leading innovative services that help improve their communications experience and lifestyles.

"We are proud to bring innovative mobile communication service to the vibrant and diverse Nigerian communities, even to customers across various social and economic spectrum," said Shamel Hanafi, Zain Nigeria's Chief Commercial Officer. "Our company's strategy has always been to deliver additional value to our customers by offering them services that truly support their lifestyles and we are very optimistic that Telenity's mobile collect call solution will help us achieve this. We were also impressed with the technical expertise and the local sensitivity that Telenity and CIS offered us during the selection process."

"The Mobile Collect Call solution deployment in Zain Nigeria is a significant strategic achievement for Telenity and our local partner CIS as it expands further our presence in Africa," said Ahmet Ozalp, Chief Executive Officer at Telenity. "We continue to invest in the rapidly growing Africa and the Middle East regions, where we are focusing on product-based solutions along with strong localized support from CIS to address the needs of our existing and future customers."

"Mobile collect call service is a great way for operators to increase their revenues by capturing traffic that they would otherwise lose while at the same time improving communications for their subscribers," said Charbel K. Bou-Eid, Managing Director at CIS Nigeria. "Together with Telenity, we are proud to collaborate with Zain Nigeria in making this value proposition a reality for both the operator and its subscribers."

About Telenity

Telenity is a leading provider of next generation converged services and applications for communications networks. Telenity's market ready software solutions include: integrated advanced messaging (SMS, MMS, USSD) applications, innovative value added services (personalized call management, mobile collect call, missed call notification, voice/video mail, multimedia ringback tones, location-based people finder); and reusable service delivery components (messaging gateway, 3rd party access gateway and location gateways) enabling rapid service creation and deployment. Headquartered in USA, Telenity's worldwide customer base includes network operators, service providers and application providers serving over 300 million customers. Telenity partners with global and regional network equipment providers, system integrators and computing platform manufacturers. Learn more about Telenity's Canvas(R) family of converged services solutions at www.telenity.com and download a copy of Telenity's online newsletter Telescope.

About CIS Group

CIS Group is a leading technology solutions provider to business and institutions and is part of an international group operating in Africa and the Middle East. CIS Group offers complete turnkey solutions integrating hardware, middleware and vertical solutions. Its responsibilities encompass the design, installation and after sales services of complex systems with multi-vendor configurations and project management. It is composed of experienced professionals with complementary skills in the field of data communication servicing a complete line of information systems solutions tailored to the needs of the African and Middle East market, totaling 30 countries and servicing 4000 customers. At the local level sales and support activities are carried out by selected local companies (+42 in Africa and Middle East).

CIS developed partnerships with worldwide leading ICT vendors to meet the needs of the different sectors (Finance, Telco, Government and Extended Manufacturing) in computing, software and networking equipment. For more information about CIS group please visit www.groupcis.com.

About Zain Group

Zain is a leading emerging markets player in the field of telecommunications aiming to become one of the top ten mobile operators in the world by 2011. Today it is the 4th largest mobile network in the world in terms of geographical footprint with commercial presence in 24 countries spread across the Middle East and Africa providing mobile voice and data services to 64.7 million active customers as at 31 March 2009.

Zain operates in the following countries: Bahrain, Burkina Faso, Chad, the Republic of the Congo, the Democratic Republic of the Congo, Gabon, Ghana, Iraq, Jordan, Kenya, Kuwait, Malawi, Madagascar, Niger, Nigeria, Saudi Arabia, Sierra Leone, Sudan, Tanzania, Uganda and Zambia. In Lebanon, the company manages the network on behalf of the government operating as mtc-touch. In Morocco, Zain in a joint venture, owns 31% of Wana Telecom. On May 18, 2009, Zain entered into a merger agreement with Palestinian Telecommunication Company Plc (Paltel) that will result in Zain attaining 56.5% of the company subjective to regulatory approvals.

Zain offers innovative services in its markets such as One Network, the world's first borderless mobile telecommunications network enabling customers to receive calls and SMS without charge and to make them at local rates throughout many countries in Africa and the Middle East. Customers can also top up their mobiles with airtime bought in their home country or from more than 1,000,000 outlets across 18 countries.

The Zain brand is wholly owned by Mobile Telecommunications Company KSC, which is listed on the Kuwait Stock Exchange (Stock ticker: ZAIN). Zain is listed in the Financial Times' Global 500 Index which ranks the world's largest companies based on market capitalization. For more, please visit www.zain.com.

Meet Telenity and CIS Executives at:

    --  AfricaCom 2009, November 11-12, Cape Town, South Africa
    --  3G Middle East 2009, December 7-8, Dubai, UAE

Telenity and Canvas are registered trademarks of Telenity.

    Source: Telenity

DALLAS and NEW YORK, Nov. 11 /PRNewswire-FirstCall/ -- Trintech Group Plc (Nasdaq: TTPA), a leading global provider of integrated financial governance, risk management and compliance software solutions, announced today that it would be showcasing its next-generation Unity Financial GRC Software Suite during three separate events being held in New York City this month.

    --  Current Financial Reporting Issues (CFRI) Annual FEI Conference:
        --  November 16-17
        --  New York Marriott Marquis Times Square
        --  Booth #108
    --  XBRL US National Conference:
        --  November 17-18
        --  New York Marriott Marquis Times Square
        --  Booth #6
    --  First Annual Executive Knowledge Exchange:
        --  November 19
        --  Irish Consulate, New York City

        --  To register, contact hilliary.opseth@trintech.com

Noted industry experts will be presenting and discussing the future and changing landscape of financial reporting for accounting professionals, auditors, financial managers, and other users of financial statements. The events coincide with Trintech's recent announcement of the Unity Xtensible Financial Reporting (XFR) solution, which includes embedded support for the report tagging and output of financial statements with XBRL. In support of these events Trintech has also published a new white paper entitled "Making the Business Case For Change" on how companies can make a business case for automation of critical processes in financial reporting. The white paper will be available to all attendees at each event, and can also be downloaded at http://www.Trintech.com/Change.

About Trintech Group

Trintech Group Plc (NASDAQ: TTPA) is a leading global provider of integrated financial governance, risk management, and compliance software solutions for commercial, financial, and healthcare markets. Trintech's recognized expertise in reconciliation process management, financial data aggregation, revenue and cost cycle management, financial close, risk management, and compliance enables customers to gain greater visibility and control of their critical financial processes leading to better overall business performance.

For more information on how Trintech can help you increase confidence in business performance and reduce financial risk, please contact us online at www.trintech.com or at our principal business office in Addison, Texas, or through an international office in Ireland, the United Kingdom, or the Netherlands.

    Trintech Press Contact:
    Dallas: Dave Tomlinson - Director, Marketing
    Tel. +1 972 739-1611. Email: dave.tomlinson@trintech.com

SOURCE Trintech Group Plc

FRANKFURT, November 11 /PRNewswire-FirstCall/ -- Frankfurt Airport's traffic figures continued on the recovery path during the reporting month of October 2009. Fraport AG registered about 4.6 million passengers at its Frankfurt Airport home base in October 2009, only slightly down by 1.9 percent year-on-year.

"October 2009 continued the positive trend in traffic development that we have seen during the course of the year," Fraport executive board chairman Dr. Stefan Schulte said. "Following a 10.9 percent drop in passenger traffic in the first quarter, the decline shrank to 5.6 percent in the second quarter and narrowed to only 2.8 percent by the third quarter. October 2009 figures indicated that the decline in traffic is increasingly lessening." One of factors contributing to this improvement is intercontinental traffic, which recorded particularly strong growth on the Asia and Central Africa routes.

FRA's airfreight tonnage improved even more noticeably in October 2009. "Airfreight is an important early indicator of how the worldwide economy is developing. For the first time since June 2008, this traffic segment recorded growth at FRA in October 2009 - reaching

177,945 metric tons or a plus of 0.7 percent," explained Schulte. The major growth drivers included European traffic (up 18 percent) as well as Frankfurt Airport's important North America market (up slightly by 1.1 percent).

FRA's aircraft movements fell by 4.4 percent to 40,674 takeoffs and landings in the reporting month, while maximum takeoff weights (MTOWs) slipped by 3.9 percent year-on-year to 2.4 million metric tons.

The Fraport Group's majority-owned airports progressed overall. In October 2009, these six airports welcomed about 7.5 million passengers - only 0.1 percent fewer passengers year-on-year. In particular, Peru's Lima Airport (LIM) and Turkey's Antalya Airport (AYT) - where Fraport is now operating both international terminals as well as the domestic terminal - provided positive stimulus to the total traffic results. LIM served about 772,000 passengers (up 6.8 percent) and AYT welcomed about two million passengers (up 2.7 percent).

Print-quality photos of Frankfurt Airport and Fraport AG are available free for downloading via the Internet at http://www.fraport.com (Menu: select Press Center > then Photo Service). For TV news and information broadcasting purposes only, we also offer free footage material for downloading via http://fraport.cms-gomex.com.

    Frankfurt Airport's Traffic Figures - October 2009
                        October  Change (2)              Change (2)
                         2009    Oct. 09/  Jan. - Oct.  Jan. - Oct.
                                 Oct. 08      2009        09/08

       Passengers (1)  4,626,845   -1.9 %   43,187,821     -5.7 %

       Airfreight (1)
      in metric tons     177,945   0.7 %     1,474,602    -14.9 %

         Airmail
      in metric tons       6,885  -8.2 %        63,360    -13.7 %

    Aircraft Movements
            (3)           40,674  -4.4 %       388,793     -5.4 %

          MTOWs
      in metric tons   2,391,187  -3.9 %    22,752,277     -5.1 %

    Punctuality
    share of punctual
    arrivals
    and departures in
    percent                   78                  81.4

    ---------------------------------
    (1) Total traffic (arrivals + departures + transit)
    (2) Change over previous year
    (3) Excluding military flights
    Fraport Group - Traffic Figures for October 2009

    Airports                          Cargo in
                                       metric              Aircraft
                Passengers(1)  Change  tons abs. Change    Movements  Change
                                         (+                absolute
                   absolute     in %   airmail)    in %                 in %

    Frankfurt (FRA)  4,626,179   -1.9   181,687    -0.1     40,674      -4.4



    Antalya (AYT)(2) 1,991,986    2.7      n.a.    n.a.     13,713       4.4

    Burgas (BOJ)        29,779  -27.4         7   -92.6        735      -0.4
    Lima (LIM)(3)      771,969    6.8    25,524    14.4      9,175       9.4
    Varna (VAR)         51,427  -16.3         5   -35.5        791     -14.0
    Fraport Group    7,471,340   -0.1   207,223     1.5     65,088      -1.0


    ---------------------------------
    (1) Passengers (commercial traffic: arrivals + departures + transit)

(2) As of October 2009 includes all passenger terminals (adjusted base-year value 2008)

    (3) Figures provided by LIM

    For Further Information, Please Contact:
    Fraport AG Frankfurt Airport Services Worldwide
    Robert A. Payne, B.A.A. - Sr. Manager International Press
    Press Office (Dept. UKM-PS), Corporate Communications (UKM)
    60547 Frankfurt am Main, Federal Republic of Germany
    Tel.: +49-69-690-78547; Fax: +49-69-690-60548;
    E-mail: r.payne@fraport.de; Internet: http://www.fraport.com

SOURCE Fraport AG