Do not put content on the brand signature area ING Dutch Office Fund and Rotterdam Central District

Do not put content on the brand signature area Light Blue RGB= 180,195,225 Orange RGB=255, 102, 0 Dark blue RGB= 000,000,102 Grey RGB= 150,150,150 ING colour balance Guideline 2 Management and risk profile ING DOF Key characteristics Investment profile Fund size and leverage Current Fund size EUR 2,327 million gross asset value (GAV) 40.3% consolidated level with DOF Feeder Fund I (maximum is 40.5%) Strategy to invest in the prime segment of the Dutch office market Decreasing investments in the more volatile risk segments of the Dutch office market Core strategy Aiming to outperform the ROZ Vastgoedindex (standing investments) Active asset management — experienced team Anne de Jong – Portfolio Manager of the ING Dutch Office Fund Anne finished his study economics at the University of Amsterdam in He joined MN Services where he had several functions as real estate analyst and (senior) Asset Manager. In 2002 he finished the VBA course. In 2003 he joined ING Real Estate as Senior Asset Manager Office. In 2006 Anne was appointed Portfolio Manager for the ING Dutch Office Fund. The fund only invests in prime offices in the Netherlands The best parts of Amsterdam, Rotterdam, The Haque and Utrecht Outside the Randstad: near railway stations

Do not put content on the brand signature area Light Blue RGB= 180,195,225 Orange RGB=255, 102, 0 Dark blue RGB= 000,000,102 Grey RGB= 150,150,150 ING colour balance Guideline 3 Portfolio overview Portfolio as per Q ► 85 properties ► 876,555 square meters of lettable space ► Total portfolio size EUR 2,327 million ► Gross rental income of EUR million / year Limburg Noord-Brabant Zeeland Zuid Holland Utrecht Flevoland Noord Holland Gelderland Overijssel Drenthe Groningen Friesland Top 10 Value Properties Q4 2009CitySize World Trade Center Amsterdam72,333 m² WTC Zuidplein Amsterdam39,678 m² WTC Schiphol Airport Schiphol55,471 m² (47.27%) Cap Gemini E & Y Office Park Utrecht42,288 m² Cross Towers Amsterdam26,133 m² Hojel City Center Utrecht40,156 m² Delftse Poort Rotterdam65,652 m² (50.0%) Victoria Rotterdam22,855 m² IJ toren Amsterdam18,261 m² Beatrix II The Hague 28,033 m²

Do not put content on the brand signature area Light Blue RGB= 180,195,225 Orange RGB=255, 102, 0 Dark blue RGB= 000,000,102 Grey RGB= 150,150,150 ING colour balance Guideline 4 Amsterdam 72,333 m² Multi-tenant Amsterdam 39,678 m² Multi-tenant World Trade Centre WTC Zuidplein Top 10 properties in the fund Schiphol 55,471 m² (47,27%) Multi-tenant Utrecht 42,288 m² Cap Gemini WTC Schiphol Airport Cap Gemini E&Y Office Park Amsterdam 25,936 m² Ernst & Young Vivaldi Nieuw Amsterdam Amsterdam 36,801 m² ING Utrecht 40,156 m² SNS Reaal, RGD Hojel City Center Delftse Poort Rotterdam 65,652 m² (50%) Nationale Nederlanden Rotterdam 22,855 m² KPMG Victoria Amsterdam 18,261 m² Philips Y Toren ING REIM Offices NL

Do not put content on the brand signature area Light Blue RGB= 180,195,225 Orange RGB=255, 102, 0 Dark blue RGB= 000,000,102 Grey RGB= 150,150,150 ING colour balance Guideline 5 Portfolio Rotterdam 17 properties square meter of lettable space Total portfolio of EUR 600 million Rotterdam Rotterdam Central District 3 properties square meter of lettable space Total asset value of EUR 206 million Weenatoren m Weena m 2 Delftse Poort m 2

Do not put content on the brand signature area Light Blue RGB= 180,195,225 Orange RGB=255, 102, 0 Dark blue RGB= 000,000,102 Grey RGB= 150,150,150 ING colour balance Guideline 6 Why DOF invests in Rotterdam Central District ? Policy In General : best parts of the Randstad The fund only invests in prime offices in the Netherlands Focus on the best parts of Amsterdam, Rotterdam, The Haque and Utrecht Since 2003 DOF focuses on increasing investments in multifunctional locations around railway stations WTC Amsterdam Utrecht CS Rotterdam Central District These locations outperform the market and will perform even better in the future General policy

Do not put content on the brand signature area Light Blue RGB= 180,195,225 Orange RGB=255, 102, 0 Dark blue RGB= 000,000,102 Grey RGB= 150,150,150 ING colour balance Guideline 7 Why DOF invests in Rotterdam Central District ? Top location for work, leisure and living Mixed use area with offices, houses and leisure International location with European orientation Unique location between the high speed line and city centre Room for culture, education, housing and recreation Powerful public – private cooperation Rotterdam Central District

Do not put content on the brand signature area Light Blue RGB= 180,195,225 Orange RGB=255, 102, 0 Dark blue RGB= 000,000,102 Grey RGB= 150,150,150 ING colour balance Guideline 8 Why DOF invests in Rotterdam Central District ? Perfect match between policy and location! The DOF policy focuses on prime offices located in multifunctional areas close to railway stations The Rotterdam Central District is a mixed use area in the direct vicinity of Rotterdam Central Station, an important transportation hub in the Netherlands and Europe