Progress on share repurchase programme

Progress on share repurchase programme

Amsterdam, 4 February 2008

ING announced today that, in line with the launch of its EUR 5.0 billion share buy back programme on 4 June 2007, the company has repurchased 3,100,000 (depositary receipts for) shares during the week of 28 January until 4 February.

The (depositary receipts for) shares were repurchased at an average price of EUR 21.72 for a total amount of EUR 67,324,332.50. For detailed information on the daily repurchased shares, see the ING website at www.ing.com/investorrelations.

The total number of (depositary receipts for) shares repurchased under this programme to date is 122,099,661 ordinary shares for a total consideration of EUR 3,502,616,994.37. To date approximately 70.1% of the repurchase programme has been completed.

The repurchase programme is expected to run until June 2008.

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ING is a global financial institution of Dutch origin offering banking, insurance and asset management to over 75 million private, corporate and institutional clients in more than 50 countries.
With a diverse workforce of about 120,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.