ING reaction to situation at Dutch bank DSB

Amsterdam, 12 October 2009

ING has noted the announcements of the Dutch Central Bank (DNB) regarding the Dutch bank DSB, which was placed under control of the regulator today. ING regrets that no alternative was found to prevent this measure.

Together with DNB, the Dutch banks will endeavour to ensure that the consequences for DSB’s customers will be resolved in an orderly fashion. Among other things, the banks will try to support customers by giving them access to payment accounts.

While ING has negligible direct exposure to DSB, it is a contributor to the Dutch Deposit Guarantee Scheme. Under the scheme, savings and deposits at Dutch banks are guaranteed up to an amount of EUR 100.000 per customer. In the event of a bank failure, the other banks together cover the amount needed after assets and liabilities are netted. At this stage it is too early to give an estimate of this indirect exposure.

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Raymond Vermeulen
ING Group
+31 20 541 5682

Raymond.Vermeulen@ing.com

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