Jan Hommen to succeed Cor Herkströter as Chairman of the Supervisory Board of ING Group

Amsterdam, 7 November 2007

ING Group announced today that Cor Herkströter (1937, Dutch) will retire as Chairman of the Supervisory Board of ING Group as of 1 January 2008. The Supervisory Board of ING Group has appointed Jan Hommen (1943, Dutch) as his successor as of that date.

Cor Herkströter was due to retire from the Supervisory Board in April 2007. However, given the changes in the Supervisory Board at that time, he agreed to stay longer to ensure a balanced composition of the Board. The Supervisory Board is confident that with the appointment of Jan Hommen at the start of the accounting year 2008, a smooth transition is ensured. Jan Hommen is currently Chairman of the Audit Committee. The Supervisory Board of ING Group has appointed Wim Kok as his successor on the Audit Committee as of 1 January 2008.

“We have the highest respect for Cor Herkströter’s significant and valuable efforts to support ING’s expansion over the years. It was a privilege to work with such a committed and experienced Chairman of the Supervisory Board. Cor Herkströter leaves with ING’s gratitude and best wishes for the future” said Jan Hommen on behalf of the Supervisory Board of ING.

“On behalf of my colleagues of the Executive Board I wish to express my sincere gratitude and appreciation for the contribution Cor Herkströter made to ING Group for the past 9 years.We truly value his contribution to the success of ING,” said Michel Tilmant, Chairman of the Executive Board of ING Group.

Press enquiries

Peter Jong
ING Group
+31 20 541 5457
peter.jong@ing.com

Cor Herkströter was appointed to the Supervisory Board of ING Group in May 1998. He became Chairman of the Supervisory Board in May 1999. He is currently Chairman of the Remuneration and Nomination Committee and the Corporate Governance Committee.

Jan Hommen was appointed to the Supervisory Board of ING Group per 1 June 2005. Until 1 May 2005 he was Vice-Chairman and CFO of the Board of Management of Royal Philips Electronics.

Wim Kok has been a member of the Supervisory Board since April 2003. Wim Kok is currently a member of the Audit Committee. He is the former Minister of Finance (1989 – 1994) and Prime Minister of the Netherlands (1994 – 2002).