ING announces Management Changes in the Netherlands

Amsterdam, 2 May 2006

Ralph Hamers and Nick Jue have been appointed to co-chair ING Retail Netherlands with effect from 1 July 2006. They take over the responsibility from Hans van der Noordaa, who was appointed to the Executive Board of ING Group. Both Ralph Hamers and Nick Jue will report to Eli Leenaars, member of the Executive Board responsible for Retail Banking, and they will join the management team for Retail and Private Banking.

Ralph Hamers (39) is currently head of ING Bank in the Netherlands and he will combine this responsibility with his new role in co-chairing ING Retail Netherlands.

Nick Jue (40) is currently general manager of Corporate Communications & Affairs of ING Group. As a result of his appointment the heads of Postbank and RVS will report to him and he will also become a member of the Management Board of ING Netherlands.

In addition, following the departure of Alexander Rinnooy Kan from the Executive Board of ING Group, Eli Leenaars will take over his role as Chairman of the Supervisory Board of ING Netherlands. Jacques de Vaucleroy, who was appointed to the Executive Board of ING Group with responsibility for Insurance Europe, will also join the Supervisory Board of ING Netherlands.

Following these appointments, the composition of the boards for ING Netherlands will be:

Press enquiries: ING Group, the Netherlands
Debbie Brand, +31 20 541 6526, debbie.brand@ing.com

ING is a global financial institution of Dutch origin offering banking, insurance and asset management to over 60 million private, corporate and institutional clients in over 50 countries. With a diverse workforce of about 113,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.