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

SCOTTSDALE, Ariz., April 15 /PRNewswire/ — 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 May 15, 2009, to shareholders of record on May 5, 2009. The
ex-dividend date is May 1, 2009. The distribution per share for each Fund is
as follows:

Distribution Per
Fund 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 March
31, 2009, will be comprised of approximately 14% ordinary income and 86%
return of capital.

IID estimates that each distribution for the current fiscal year as of March
31, 2009, will be comprised of approximately 9% ordinary income and 91% 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

SOURCE ING

ING Funds Shareholder Services, 1-800-992-0180