ING Group AGM adopts 2009 Annual Accounts

ING Group AGM adopts 2009 Annual Accounts

Amsterdam, 27 April 2010

The annual General Meeting of ING Groep N.V. today adopted the 2009 Annual Accounts.

In addition, the AGM has approved the new remuneration policy for the Executive Board. This policy was previously disclosed on 17 February 2010, during the presentation of ING’s 2009 results. The AGM also approved ING’s implementation of the revised Dutch Corporate Governance Code.

The AGM has reappointed Piet Klaver to the Supervisory Board. As announced on 18 March, Piet Hoogendoorn, Harish Manwani and Karel Vuursteen have decided to retire from the Supervisory Board as of the end of today’s General Meeting. Godfried van der Lugt would have retired from the Supervisory Board having reached the age of 70 in 2010 but will remain in office as ING wants to continue to benefit from his experience with and knowledge of both ING and the Dutch and international financial sector.

After the AGM, the Supervisory Board of ING Group consists of:

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ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 85 million private, corporate and institutional clients in more than 40 countries. With a diverse workforce of about 107,000 people, ING is dedicated to setting the standard in helping our clients manage their financial future.

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Certain of the statements contained herein are statements of future expectations and other forward-looking statements. These expectations are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those in such statements due to, among other things, (i) general economic conditions, in particular economic conditions in ING's core markets, (ii) performance of financial markets, including developing markets, (iii) the implementation of ING’s restructuring plan to separate banking and insurance operations, (iv) changes in the availability of, and costs associated with, sources of liquidity, such as interbank funding, as well as conditions in the credit markets generally, including changes in borrower and counterparty creditworthiness, (v) the frequency and severity of insured loss events, (vi) mortality and morbidity levels and trends, (vii) persistency levels, (viii) interest rate levels, (ix) currency exchange rates, (x) general competitive factors, (xi) changes in laws and regulations, (xii) changes in the policies of governments and/or regulatory authorities, (xiii) conclusions with regard to purchase accounting assumptions and methodologies, (xiv) changes in ownership that could affect the future availability to us of net operating loss, net capital loss and built-in loss carryforwards, and (xv) ING's ability to achieve projected operational synergies. ING assumes no obligation to update any forward-looking information contained in this document.