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Increase to ING Variable Interest Rate

1 May 2008 INCREASES TO VARIABLE INTEREST RATE HOME LOANS

ING DIRECT continues to experience higher funding costs as a result of changing credit market conditions and have reviewed their variable interest home loan rates to reflect this.

Effective from Friday 2nd May 2008, ING Direct variable interest rate mortgage rates will increase by 0.10 percent p.a. All fixed rates remain unchanged.