Progress on share repurchase programme

Progress on share repurchase programme

Amsterdam, 7 April 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 2,160,000 (depositary receipts for) shares during the week of 31 March until 7 April.

The (depositary receipts for) shares were repurchased at an average price of EUR 24.68 for a total amount of EUR 53,306,820.00. 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 156,464,693 ordinary shares for a total consideration of EUR 4,243,742,972.58. To date approximately 84.9% 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, 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.