ING U.S. Announces Sale by ING Group of ING U.S. Common Stock

October 23, 2013

NEW YORK, Oct. 23, 2013 /PRNewswire/ -- ING U.S., Inc. (NYSE: VOYA) announced today the pricing of 33 million shares of its common stock being offered by ING Group at a price to the public of $29.50 per share. The offering is approximately $974 million in size and will reduce ING Group's ownership in ING U.S. to approximately 59 percent immediately following the closing of the transaction.

In addition, ING Group has granted the underwriters in the offering an option, exercisable within 30 days, to acquire up to approximately an additional 5 million shares from ING Group at the offering price.  If fully exercised, this option would further reduce ING Group's ownership in ING U.S. to approximately 57%.

ING U.S. will not receive any proceeds from the offering.  Closing of the offering is expected to occur on October 29, 2013, subject to customary 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 offering.

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, email:, telephone: (866) 718-1649; Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, telephone: (866) 471-2526, facsimile: (212) 902-9316, email:; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone:  (800) 831-9146, email:; and BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attention: Prospectus Department, email:

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.

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.

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Christopher Breslin

Darin Arita