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The Dutch State Treasury Agency Sells $5.1 Billion in Face Value of ING Illiquid Assets Back-up Facility Assets



  The Dutch State Treasury Agency Sells $5.1 Billion in Face Value of ING
  Illiquid Assets Back-up Facility Assets

Business Wire

THE HAGUE, Netherlands -- December 11, 2013

Today the Dutch State Treasury Agency (DSTA) sold $5.1 billion in face amount
across 316 US non-agency RMBS securities from the ING Illiquid Assets Back-up
Facility (IABF) portfolio through a competitive process to all dealers. The
allocation per dealer is shown in the following table:

                                Allocated Current Face

Bidder                          ($ millions)

                                 
Bank of America Merrill Lynch   1,849
Credit Suisse                   659
Deutsche Bank                   553
Goldman Sachs                   1,269
Morgan Stanley                  788

The detailed results of the auction will be published when the total
portfolio, amounting to $11.6 billion, has been sold. At that time the total
proceeds for the Dutch State will also be clear and presented. Prices and
proceeds will not be published during the auction process.

The remaining size of the portfolio has a face value of $6.5 billion. As
stated before, it is the intention to sell the complete portfolio within 12
months. New auctions or related announcements will be placed on the DSTA
website: http://www.dsta.nl/english/Subjects/IABF.

Contact:

Dutch State Treasury Agency
Steef Akerboom
+31 70 342 4099
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