Moody’s Elects Kist to Board of Directors

July 9, 2004

Moody’s Corporation announced that Ewald Kist, who retired as the head of Holland’s ING Group in June, has been elected to the Board of Directors effective immediately.

Moody’s Corporation announced that Ewald Kist, who retired as the head of Holland’s ING Group in June, has been elected to the Board of Directors effective immediately.

Kist, 60, had headed ING since June 2000. He served as Vice Chairman from 1999 to June 2000, and was elected to the Executive Board of ING Group in 1993. “ING Group ranks among the twenty largest financial services firms in the world with approximately 120,000 employees in 65 countries in the fields of insurance, banking and asset management,” the announcement noted.

“Ewald Kist is a highly respected Chief Executive Officer who has spent his entire career in financial services,” observed John Rutherfurd, Jr., Chairman, Moody’s Corporation Board of Directors. “He will add tremendous value as a board member, especially as Moody’s continues to grow its activities outside the United States.”

Prior to the merger of Nationale Nederlanden and NMB Postbank Group to form ING Group in 1991, Mr. Kist served in a variety of capacities at Nationale Nederlanden beginning in 1969, including Chairman from 1991 to 1992, and General Management – the Netherlands from 1989 to 1991. As President of Nationale Nederlanden U.S. Corporation from 1986 to 1989, he resided in Washington, D.C.

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