ING announces change in Supervisory Board

07 November 2012 ... min read

ING announces change in Supervisory Board

Amsterdam, 7 November 2012

ING announced today that Mr Sjoerd van Keulen will resign from the Supervisory Board of ING Group as of the 2013 Annual General Meeting (AGM) which is scheduled for 13 May 2013.

Mr Van Keulen’s decision to resign from the Supervisory Board is based on personal reasons and the desire to rebalance his priorities.

“We regret but respect Mr Van Keulen’s decision. We are most thankful for his valuable efforts and contribution to ING and wish him all the best for the future” said Jeroen van der Veer, Chairman of the Supervisory Board of ING Group.

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Certain of the statements contained in this document are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation: (1) changes in general economic conditions, in particular economic conditions in ING's core markets, (2) changes in performance of financial markets, including developing markets, (3) consequences of a potential (partial) break-up of the euro, (4) the implementation of ING's restructuring plan to separate banking and insurance operations, (5) changes in the availability of, and costs associated with, sources of liquidity such as interbank funding, as well as conditions in the credit markets generally, including changes in borrower and counterparty creditworthiness, (6) the frequency and severity of insured loss events, (7) changes affecting mortality and morbidity levels and trends, (8) changes affecting persistency levels, (9) changes affecting interest rate levels, (10) changes affecting currency exchange rates, (11) changes in investor, customer and policyholder behaviour, (12) changes in general competitive factors, (13) changes in laws and regulations, (14) changes in the policies of governments and/or regulatory authorities, (15) conclusions with regard to purchase accounting assumptions and methodologies, (16) changes in ownership that could affect the future availability to us of net operating loss, net capital and built-in loss carry forwards, (17) changes in credit-ratings, (18) ING's ability to achieve projected operational synergies and (19) the other risks and uncertainties detailed in the risk factors section contained in the most recent annual report of ING Groep N.V.

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