Today the Dutch State Treasury Agency (DSTA) sold $4.27 billion in face amount across 360 US non-agency RMBS securities from the ING Illiquid Assets Back-up Facility (IABF) portfolio through a competitive process. The allocation per dealer is shown in the following table:

Bidder   Allocated Current Face

($ millions)

Bank of America Merrill Lynch 775
Barclays 1,125
Citigroup 738
Credit Suisse 1,010
Goldman Sachs 467
Morgan Stanley 159

The detailed results of the auction will be published when the total portfolio has been sold. Prices and proceeds will not be published during the auction process.

The remaining size of the portfolio has a face value of $2.1 billion. As stated before, it is the intention of the DSTA to sell the entire portfolio within 12 months. New auctions or related announcements will be placed on the DSTA website: http://www.dsta.nl/english/Subjects/IABF.

Dutch State Treasury Agency
Steef Akerboom
+31 70 342 4099