ING nominates Harish Manwani, Aman Mehta, Joan Spero and Jackson Tai as new members of the Supervisory Board

Amsterdam, 19 March 2008

ING Group will propose to the 2008 Annual General Meeting of Shareholders (AGM) the appointment of four new members to the Supervisory Board: Harish Manwani, Aman Mehta, Joan Spero and Jackson Tai. The AGM will be held on Tuesday 22 April 2008. Upon decision by the AGM, the appointments will be effective as of that date. The proposed appointments have all been approved by the Dutch Central Bank.

Harish Manwani (1953, Indian) is currently President Asia, Africa, Central & Eastern Europe of Unilever, and non-executive chairman of Hindustan Unilever Ltd. His nomination is based on his experience in senior management positions with a listed multinational company and his extensive international marketing experience.

Aman Mehta (1946, Indian) was CEO of Hongkong & Shanghai Banking Corporation in Hong Kong until 2003, a position he has held for five years. He is currently non-executive director in the board of various international companies including Tata Consultancy Services, Jet Airways and PCCW. His nomination is based on his experience as a CEO of an international financial institution, his in-depth understanding of the financial markets and his close connections within Asia.

Joan Spero (1944, American) was Under Secretary Economic Business and Agricultural Affairs in the US State Department from 1993 until 1997. Prior to this, she was Executive Vice-President Corporate Affairs and Communications of American Express Company. She is currently non-executive director of IBM Corporation. Her nomination is based on her knowledge and experience in the field of international economic policy and relations as well as her experience in senior management positions with a large financial institution.

Jackson Tai (1950, American) was Vice Chairman and CEO of DBS Group Holdings until 2007. Prior to his eight years service with DBS in Singapore, he served 25 years with J.P. Morgan & Co. as a managing director in the Investment Banking Division, holding senior management positions in New York, Tokyo and San Francisco. His nomination is based on his international experience and on his in-depth understanding of the US and Asian financial markets.

These nominations stem from ING’s ambition to align the composition of the Supervisory Board with the nature and culture of the global business of ING and the various social and economical connections in which ING is engaged.

Mrs Luella Gross Goldberg will retire from the Supervisory Board after the AGM. Eric Bourdais de Charbonniere will be proposed for reappointment to the Supervisory Board at the AGM.

Wim Kok would retire from the Supervisory Board, reaching the age of 70 in 2008. However, having been appointed chairman of the Audit Committee, he will remain in office one extra year.

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Additional information on the composition of the Supervisory Board of ING Group is included in ING’s Annual Report that was published today on www.ing.com

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Peter Jong
ING Group
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Peter.Jong@ing.com

ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 75 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of about 125,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.