Amsterdam, 12 September 2000

Sale of ING Group's stake in ABN AMRO Holding N.V. concluded successfully

ING Group closed the successful and increased offering of ABN AMRO Holding N.V. shares on the first day. ING increased the number of ordinary shares from 100 million to 120 million shares.

The shares have been placed at a price of EUR 26.00 generating gross proceeds of approximately EUR 3.1 billion. The proceeds will be used to fund the recent acquisition of Aetna. Net bookprofit on this transaction amounts to about EUR 2.4 billion and will be accounted for as a non-operational, non-distributable profit in the third quarter of 2000.

As stated earlier, ING has committed to a lock-up of 90 days on the remaining shares of ABN Amro. ING Group will continue to hold more than 10% of the ordinary shares as a strategic investment.

As a result of this transaction, ING has now largely funded the recent acquisition of Aetna. Consequently there is no need to issue new ordinary ING shares for the financing of this acquisition, which is expected to close in December 2000.