ING Summit Industrial Fund LP's Senior Unsecured Debentures Receive Rating
Confirmation at BBB with a Stable Trend

/NOT FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, July 8 /CNW/ - ING Summit Industrial Fund LP ("INGS Industrial Fund") announced today that Dominion Bond Rating Services ("DBRS") has confirmed the debt rating of the Senior Unsecured Debentures of INGS Industrial Fund at BBB, with a Stable trend.

For further information on the DBRS confirmation rating, please refer to the DBRS news release which is available at www.dbrs.com.

INGS Industrial Fund is managed by ING Real Estate Canada LP ("INGLP"). INGLP is part of the global ING Investment Management business and is one of Canada's largest real estate management companies providing real estate investment management, research, portfolio management, asset management and property management.

Ratings are intended to provide investors with an independent assessment of credit quality and do not speak to the suitability of particular securities for any particular investor. A security rating is an opinion, it is not a recommendation to buy, sell or hold securities, and may be subject to revision or withdrawal at any time by the rating agency. A credit rating in the BBB category is generally an indication of adequate credit quality as defined by DBRS. A rating outlook, expressed as a positive, stable or negative trend, provides an opinion regarding the likely direction of any medium term rating actions.

For further information: ING Real Estate Canada LP, Doug Auchterlonie, Chief Executive Officer, Telephone [phone], e-mail: [email protected]