ING completes divestment of Clarion Real Estate Securities

Amsterdam, 1 July 2011

ING announced today that it has completed the sale of Clarion Real Estate Securities (CRES), ING’s US-based manager of listed real estate securities, as well as the sale of ING’s equity interests in funds managed by CRES, to CB Richard Ellis Group, Inc., a leading global commercial real estate services firm.

The divestment of CRES and ING’s equity stakes in funds managed by CRES is part of the agreement with CB Richard Ellis that ING announced on 15 February 2011. As announced then, ING agreed to sell CRES, ING’s real estate investment management businesses in Europe and Asia, and part of ING’s equity interests in the funds managed by these businesses to CB Richard Ellis for a total consideration of approximately USD 1 billion.

ING continues to expect the rest of the transaction with CB Richard Ellis to close in the second half of 2011.

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About ING

ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services. As of 31 March 2011, ING served more than 85 million private, corporate and institutional clients in more than 40 countries. With a diverse workforce of about 105,000 people, ING is dedicated to setting the standard in helping our clients manage their financial future.

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