Progress on share repurchase programme ING

Progress on share repurchase programme ING

Amsterdam • 22 October 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 2,623,276 (depositary receipts for) shares during the week of 15 October until 22 October.

The (depositary receipts for) shares were repurchased at an average price of EUR 31.70 for a total amount of EUR 83,166,666.90. 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 58,842,974 ordinary shares for a total consideration of EUR 1,864,346,293.50. To date approximately 37.3% 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.