Voya Financial Announces Outcome of Secondary Common Stock Offering by ING Group

  Voya Financial Announces Outcome of Secondary Common Stock Offering by ING

PR Newswire

NEW YORK, Sept. 3, 2014

NEW YORK, Sept. 3, 2014 /PRNewswire/ --Voya Financial, Inc. (NYSE: VOYA)
announced today that ING Group has agreed to sell 22,277,993 shares of Voya
Financial common stock at a price of $38.85 per share to the underwriters in
its previously announced underwritten public offering. Voya Financial will not
be issuing or selling common stock, and will not receive any proceeds from the

In connection with the public offering, Voya Financial has also agreed to
repurchase from ING Group an additional 7,722,007 shares of its common stock
for an aggregate purchase price of $300 million (the "direct share
repurchase"). The per-share price to be paid by Voya Financial is the same
price paid by the underwriters in the public offering.

In total, ING Group is selling 30 million shares of Voya Financial common
stock, and will thereby reduce its ownership stake in Voya Financial to
approximately 32% immediately following the closing of the transactions.

Following the completion of the direct share repurchase, Voya Financial will
have approximately $210 million remaining under its current share repurchase

Morgan Stanley & Co. LLC and BofA Merrill Lynch are acting as joint
book-running managers and underwriters for the offering. Closing of the public
offering and of the direct share repurchase are expected to occur on September
8, 2014, subject to a number of closing conditions.

The issuer has filed a registration statement (including a prospectus) with
the SEC for the offering to which this communication relates. Before you
invest, you should read the prospectus in that registration statement and
other documents the issuer has filed with the SEC for more complete
information about the issuer and this offering. You may get these documents
for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively,
the issuer, any underwriter or any dealer participating in the offering will
arrange to send you the prospectus if you request it by contacting Morgan
Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, NY 10014, Email: prospectus@morganstanley.com, Telephone:
(866) 718-1649 or BofA Merrill Lynch, 222 Broadway, New York, NY 10038,
Attention: Prospectus Department, Email: dg.prospectus_requests@baml.com.

Media                                                                          Investor
Contact: Contact:
Christopher Breslin      Darin Arita
(212) 309-8941     (212)
Christopher.Breslin@voya.com              IR@voya.com

About Voya Financial
Voya Financial, Inc. (NYSE: VOYA), which has rebranded from ING U.S., is
composed of premier retirement, investment and insurance companies 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^TM 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, Voya provides a comprehensive portfolio of asset
accumulation, asset protection and asset distribution products and services.
With a dedicated workforce of approximately 7,000 employees, Voya is grounded
in a clear mission to make a secure financial future possible — one person,
one family, one institution at a time.

SOURCE Voya Financial, Inc.

Website: http://www.voya.com
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