ING completes sale of Malaysian investment management business

Amsterdam, 19 April 2013

ING announced today that it has completed the sale of its 70%-stake in ING Funds Berhad, ING’s investment management business in Malaysia, to Kenanga Investors Berhad, a wholly owned subsidiary of K & N Kenanga Holdings Berhad.

The sale, as announced on 21 December 2012, is part of ING’s earlier announced process to divest ING’s insurance and investment management businesses. This transaction does not have a material impact on ING’s results and does not impact ING’s other businesses in the region.

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ING is a global financial institution of Dutch origin, offering banking, investments, life insurance and retirement services to meet the needs of a broad customer base. Going forward, we will concentrate on our position as an international retail, direct and commercial bank, while creating an optimal base for an independent future for our insurance and investment management operations.

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