Progress on share repurchase programme

Progress on share repurchase programme

Amsterdam, 14 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 7,850,000 (depositary receipts for) shares during the week of 7 April until 14 April.

The (depositary receipts for) shares were repurchased at an average price of EUR 24.72 for a total amount of EUR 194,072,950.00. 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 164,314,693 ordinary shares for a total consideration of EUR 4,437,815,922.58. To date approximately 88.8% 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.