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ING says it exceeded its prospectus forecast

Friday 7th November 2003

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ING Property Trust, formerly Paramount Property Trust, says the gross yield of 6.6% in the table published on October 24 does not reflect the true annualised figure but rather the gross dividend yield for six months.

The prospectus and investment statement issued as part of the initial public offering provided a forecast annualised gross distribution yield per unit of 11.0% for the four months to March 31, 2003, and a forecast annualised gross distribution yield per unit of 11.2% for the 12 months to March 31, 2004.

ING further says the trust exceeded the prospectus forecast with an annualised gross distribution yield of 11.3% for the four months to March 31, 2003.

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