Remuneration supervisory board

Remuneration

The annual remuneration of the Supervisory Board members amounts to: chairman EUR 75,000, vice-chairman EUR 65,000, other members EUR 45,000. In addition to the remuneration each member receives an expense allowance. For the chairman and vice-chairman the annual amount is EUR 6,810. For the other members the amount is EUR 2,270.

The remuneration for the membership of committees is as follows: chairman of the Audit Committee EUR 8,000, members of the Audit Committee EUR 6,000, chairmen of other Supervisory Board committees EUR 7,500 and members of other Supervisory Board committees EUR 5,000. In addition to the fixed remuneration, committee members receive a fee for each meeting they attend. For the Audit Committee chairman this fee is EUR 2,000 per meeting and for its members EUR 1,500. For the chairman and members of other committees the attendance fee amounts to EUR 450 per meeting. The remuneration and the attendance fee for the membership of a committee are not applicable to the chairman and vice-chairman of the Supervisory Board if they are on one of the committees.

The table below shows the remuneration, expense allowances and attendance fees per Supervisory Board member for 2007 and previous years.

Compensation of the members of the Supervisory Board

amounts in thousands of euros	2007	2006	2005
Cor Herkströter	82	75	68
Eric Bourdais de Charbonnière ⁽¹⁾	72	70	65
Henk Breukink ⁽²⁾	35
Peter Elverding ⁽³⁾	20
Luella Gross Goldberg	60	52	44
Claus Dieter Hoffmann	62	56	49
Jan Hommen ⁽⁴⁾	67	57	24
Piet Hoogendoorn ⁽⁵⁾	28
Piet Klaver ⁽⁶⁾	47	33
Wim Kok	62	51	39
Godfried van der Lugt	62	56	40
Karel Vuursteen	56	43	39
Paul van der Heijden⁽⁷⁾	20	52	43

⁽¹⁾ Eric Bourdais de Charbonnière is a member of the Supervisory Board as of April 2004 and vice-chairman as of February 2005. The compensation figure for 2005 reflects the partial year as vice-chairman.

⁽²⁾ Henk Breukink is a member of the Supervisory Board as of April 2007. The compensation figure for 2007 reflects the partial year as member of the Supervisory Board.

⁽³⁾ Peter Elverding is a member of the Supervisory Board as of August 2007. The compensation figure for 2007 reflects the partial year as member of the Supervisory Board.

⁽⁴⁾ Jan Hommen is a member of the Supervisory Board as of June 2005. The compensation figure for 2005 reflects the partial year as member of the Supervisory Board.

⁽⁵⁾ Piet Hoogendoorn is a member of the Supervisory Board as of June 2007. The compensation figure for 2007 reflects the partial year as member of the Supervisory Board.

⁽⁶⁾ Piet Klaver is a member of the Supervisory Board as of April 2006. The compensation figure for 2006 reflects the partial year as member of the Supervisory Board.

⁽⁷⁾Paul van der Heijden retired in April 2007. The compensation figure for 2007 reflects the partial year as member of the Supervisory Board.

Compensation of former members of the Supervisory Board who are not included in the above table amounted to nil in 2007, EUR 33 thousand in 2006 and EUR 138 thousand in 2005.

Proposal to amend the Supervisory Board remuneration

On the agenda of the 2008 General Meeting of Shareholders a proposal has been tabled to amend the remuneration of the Supervisory Board by providing a supplementary allowance for additional time requirements in cases where international travel is required for attending meetings, given that the current structure does not compensate at a competitive level in cases where individual Supervisory Board member’s time commitments are substantially in excess of the time required for attending domestic meetings.

The amendment to the Supervisory Board remuneration would be as follows as of 1 May 2008: an additional fee of EUR 2,000 per attended Supervisory Board or Committee meeting in the event the meeting is held outside the country of residence of the Supervisory Board member, or an additional amount of EUR 7,500 per attended Supervisory Board or Committee meeting if intercontinental travel is required for attending the meeting.

Loans and advances to Supervisory Board members

As at 31 December 2007 and 2006, there were no loans and advances outstanding to members of the Supervisory Board. As at 31 December 2005, the amount of loans and advances outstanding to the Supervisory Board was EUR 1.6 million at an average rate of 4.7%. This amount concerned a loan to a former Supervisory Board member.

ING depositary receipts for shares and options held by Supervisory Board members

Supervisory Board members are permitted to hold ING depositary receipts for shares as a long-term investment. The table below shows the holdings by members of the Supervisory Board. Supervisory Board members did not hold ING options at year-end 2007.

ING depositary receipts for shares and options held by members of the Supervisory Board

number of shares	2007	2006	2005
Cor Herkströter	1,616	1,616	1,616
Luella Gross Goldberg ⁽¹⁾	6,814	6,814	6,814
Piet Klaver	7,430	5,430	0
Karel Vuursteen	1,510	1,510	1,510

⁽¹⁾ The shares held by Luella Gross Goldberg are American Depositary Receipts.

2007 ANNUAL REPORT