ING Group

ING Group (AMS:INGB) In line with the announcement made on 18 November 2008, ING today provides an update on the process to voluntary delist the ING shares from the Paris, Frankfurt and Swiss stock exchanges. Since the announcement, all relevant authorities and exchanges have approved the applications to delist.

ING Group (AMS:INGB) ING Groep N.V. has sold 2,520,000 (depositary receipts for) ordinary shares for its delta hedge portfolio, which is used to hedge employee options. The shares were sold on the open market between 2 December and 4 December at an average price of EUR 5.87 per share.

ING Group (AMS:INGB) ING announced today that it has closed the transaction to acquire Oyak Emeklilik. As previously announced on 17 June 2008, ING will acquire Turkey's sixth largest pension company for a total cash consideration of EUR 110 million, entirely financed from existing internal resources.

ING Group (AMS:INGB) ING announced today that Nationale-Nederlanden and its other Dutch insurance subsidiaries reached agreements with the Stichting Verliespolis and Stichting WPC and their related consumer organisations to resolve a dispute regarding the cost charges related to individual universal life insurance products ("particuliere beleggingsverzekeringen") sold to customers in the Netherlands. The agreement is in line with an arrangement that was previously reached by another company in the Dutch insurance sector.

ING Group (AMS:INGB) ING announced today that it intends to concentrate the trading of its (depositary receipts for) shares on the stock exchanges in Amsterdam, Brussels and New York. Accordingly, ING has filed applications to voluntary delist from the Frankfurt, Paris and Swiss stock exchanges.

ING Group (AMS:INGB) * Underlying net loss of EUR 585 million driven by crisis in the financial markets

ING Group (AMS:INGB) John Hele, Chief Financial Officer, will leave ING as of 31 March 2009. He has decided to relocate to the United States for family reasons and pursue his career outside ING. John Hele will remain as member of the Executive Board and Chief Financial Officer of ING Group until the end of March 2009 in order to complete the annual accounts and filings for the financial year 2008. Starting 1 April 2009 John Hele will join Arch Capital Group Ltd as Executive Vice-President and Chief Financial Officer. Arch Capital Group Ltd writes property & casualty insurance and reinsurance on a worldwide basis and is listed on the Nasdaq in New York. John Hele joined ING Group in 2003 as Chief Insurance Risk Officer and was appointed as member of the Executive Board and Chief Financial Officer per 24 April 2007. Michel Tilmant, Chairman of the Executive Board of ING Group, said: "Although I regret that John Hele will be leaving ING in 2009, I respect his decision to pursue his career ...

ING Group (AMS:INGB) ING announced today that Lodewijk de Waal and Peter Elverding have been nominated by the Dutch government for the Supervisory Board of ING Group.

ING Group (AMS:INGB) ING announced today that it has reached an agreement with Fubon Financial Holding Co. Ltd. ("Fubon Financial Holding"), a leading diversified Taiwanese financial services company, to sell its Taiwanese life insurance business for a consideration equivalent to USD 600 million (EUR 447 million). The divestment is in line with ING's strategy to actively manage its portfolio of businesses, allocating capital to those businesses that generate the highest return.

ING Group (AMS:INGB) * ING to issue EUR 10 billion of core Tier-1 securities to Dutch State * Transaction boosts Bank core Tier-1 ratio to 8%, strengthens Insurance balance sheet and reduces Group Debt/Equity ratio to 10% * Core capital issue is non-dilutive to outstanding share capital * ING to pass over final dividend for 2008