Progress on share repurchase programme ING

Progress on share repurchase programme ING

Amsterdam, 19 May 2008

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 2,705,000 (depositary receipts for) shares during the week of 12 May until 19 May.

The (depositary receipts for) shares were repurchased at an average price of EUR 25.13 for a total amount of EUR 67,978,370.00. 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 178,847,193 ordinary shares for a total consideration of EUR 4,795,013,609.08. To date approximately 95.9% of the repurchase programme has been completed.

The repurchase programme is expected to run until June 2008.

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ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 75 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of about 125,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.