Ratings

Ratings	Standard & Poor's	Moody's	Fitch
ING Groep N.V.	A (updated 29 Nov 2011)	A1 (updated 17 Feb 2012)	A (updated 29 Sep 2010)
ING Bank N.V.	A+ (updated 29 Nov 2011)	Aa3 (updated 17 Feb 2012)	A+ (updated 12 July 2011)
ING Verzekeringen N.V.	A- (updated 18 Jan 2012)	Baa2 (updated 7 Dec 2011)	A- (updated 9 Dec 2011)