Progress on share repurchase programme ING

Progress on share repurchase programme ING

Amsterdam • 2 July 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 4,180,000 (depositary receipts for) shares during the week of 25 until 2 July.

The (depositary receipts for) shares were repurchased at an average price of EUR 32.66 for a total amount of EUR 136,503,306.52. 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 program to date is 20,431,500 ordinary shares for a total consideration of EUR 671,115,674.03. To date approximately 13.4% of the repurchase program has been completed.

The repurchase programme is expected to run until June 2008.

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media.relations@ing.com

ING is a global financial institution of Dutch origin offering banking, insurance and asset management to over 60 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.