Progress on share repurchase programme

Progress on share repurchase programme

Amsterdam, 3 March 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 1,275,032 (depositary receipts for) shares during the week of 25 February until 3 March.

The (depositary receipts for) shares were repurchased at an average price of EUR 23.14 for a total amount of EUR 29,508.790.21. 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 133,734,693 ordinary shares for a total consideration of EUR 3,749,999.982.58. To date approximately 75.0% 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.