ParaFin Corporation (PFNO)

[$UPERMAN]

ParaFin is continuing efforts to negotiate a settlement of its US$1.68 Billion claim against ING Bank N.V., Amsterdam.
ParaFin's lawyer in Germany received a response from ING Bank's lawyer in Amsterdam that stated
that ING Bank N.V. did issue Series FF ING 5.5% June 16, 2010 Bearer Bonds issued June 16, 2000.

This is the first admission by ING that ING N.V. issued Series FF June 16 2010 Bearer Bonds in June, 2000 and
it was received in a letter from the attorneys for ING Bank N.V