ING sells its stake in Fubon Financial Holding

Amsterdam, 8 December 2010

ING announced today that it has sold its 5% stake in Fubon Financial Holding to institutional investors for a total amount equal to EUR 395 million. This sale is in line with ING’s stated objective to reduce complexity and divest non-core assets.

ING obtained its stake in Fubon as part of the transaction to sell its Taiwanese life insurance business to Fubon, which was announced in October 2008 and closed in February 2009.

The sale of the Fubon stake was executed in a block trade to institutional investors after the close of the Taiwan Stock Exchange today. The transaction will result in a pre-tax profit of approximately EUR 170 million, to be booked in the fourth quarter of 2010.

Press enquiries

Raymond Vermeulen
+31 20 541 5682

Raymond.Vermeulen@ing.com

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ING Group Investor Relations
+31 20 541 5460

Investor.relations@ing.com

ING PROFILE

ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services. As of 30 September 2010, ING served more than 85 million private, corporate and institutional clients in more than 40 countries. With a diverse workforce of about 107,000 people, ING is dedicated to setting the standard in helping our clients manage their financial future.

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