Progress on share repurchase programme ING

Progress on share repurchase programme ING

Amsterdam • 12 November 2007

ING announced today that, in line with the launch of its EUR 5.0 billion share buy back programme on 4 June 2007, the company has repurchased 8,675,000 (depositary receipts for) shares during the week of 5 November until 12 November.

The (depositary receipts for) shares were repurchased at an average price of EUR 28.32 for a total amount of EUR 245,689,925.00. For detailed information on the daily repurchased shares, see the ING website at www.ing.com/investorrelations.

The total number of (depositary receipts for) shares repurchased under this programme to date is 77,635,474 ordinary shares for a total consideration of EUR 2,418,396,582.50. To date approximately 48.4% of the repurchase programme has been completed.

The repurchase programme is expected to run until June 2008.

Press enquiries:

Media Relations,
+31 20 576 5000,

media.relations@ing.com

ING is a global financial institution of Dutch origin offering banking, insurance and asset management to over 75 million private, corporate and institutional clients in more than 50 countries.
With a diverse workforce in excess of 120,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.