Progress on share repurchase programme ING

Progress on share repurchase programme ING

Amsterdam • 5 November 2007

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 4,532,500 (depositary receipts for) shares during the week of 29 October until 7 November.

The (depositary receipts for) shares were repurchased at an average price of EUR 30.16 for a total amount of EUR 136,703,277.50. 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 68,960,474 ordinary shares for a total consideration of EUR 2,172,706,657.50. To date approximately 43.5% of the repurchase programme has been completed.

The repurchase programme is expected to run until June 2008.

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Media Relations,
+31 20 576 5000,

media.relations@ing.com

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 in excess of 120,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.