ING Global Equity Dividend and Premium Opportunity Fund and ING International High Dividend Equity Income Fund Declare Monthly Distributions

ING Investments, LLC announced the monthly distributions on the common shares of two of its closed-end funds: ING Global Equity Dividend and Premium Opportunity Fund
(NYSE: IGD) and ING International High Dividend Equity Income Fund (NYSE:
IID) (each a "Fund" and collectively, the "Funds"). With respect to each
Fund, the distribution will be paid on September 15, 2009, to shareholders
of record on September 3, 2009. The ex-dividend date is September 1, 2009.
The distribution per share for each Fund is as follows:



Fund Distribution Per Share
---- ----------------------
ING Global Equity Dividend and Premium Opportunity
Fund (NYSE: IGD) $0.156

ING International High Dividend Equity Income Fund
(NYSE: IID) $0.163

Each Fund intends to make regular monthly distributions based on the
past and projected performance of the Fund. The amount of monthly
distributions may vary, depending on a number of factors. As portfolio and
market conditions change, the rate of distributions on the common shares
may change. There can be no assurance that a Fund will be able to declare a
distribution in each period.

The tax treatment and characterization of a Fund's distributions may
vary significantly from time to time depending on the net investment income
of the Fund and whether the Fund has realized gains or losses from its
options strategy versus gain or loss realizations in the equity securities
in the portfolio. Each Fund's distributions will normally reflect past and
projected net investment income, and may include income from dividends and
interest, capital gains and/or a return of capital. The final tax
characteristics of the distributions cannot be determined with certainty
until after the end of the calendar year, and will be reported to
shareholders at that time.

IGD estimates that each distribution for the current fiscal year as of
July 31, 2009, will be comprised of approximately 24% ordinary income and
76% return of capital.

IID estimates that each distribution for the current fiscal year as of
July 31, 2009, will be comprised of approximately 15% ordinary income and
85% return of capital.

The portion of each Fund's monthly distributions estimated to come from
the Fund's option strategy, for tax purposes, may be treated as a
combination of long-term and short-term capital gains, and/or a return of
capital. The tax character of each Fund's option strategy is largely
determined by movements in, and gain and loss realizations in the
underlying equity portfolio.

Certain statements made on behalf of the Funds in this release are
forward- looking statements. The Funds actual future results may differ
significantly from those anticipated in any forward-looking statements due
to numerous factors, including but not limited to a decline in value in
equity markets in general or the Funds investments specifically. Neither
the Funds nor ING undertake any responsibility to update publicly or revise
any forward-looking statement.

ING Investments, LLC, the manager of the Funds, is part of ING, a
global financial institution of Dutch origin offering banking, investments,
life insurance and retirement services to over 75 million private,
corporate and institutional clients in more than 50 countries. With a
diverse workforce of about 125,000 people, ING comprises a broad spectrum
of prominent companies that increasingly serve their clients under the ING
brand.

SHAREHOLDER INQUIRIES: ING Funds Shareholder Services at (800) 992-0180

Disclosure I am long IID and IGD shares.