ING to buy remaining 14.9% stake in ING Life Korea from Kookmin Bank
ING Insurance Asia/Pacific announced today that it has reached an agreement with Kookmin Bank (“KB”), a subsidiary of KB Financial Group, to acquire the remaining 14.9% stake in ING Life Korea for approximately EUR 180 million.

ING appoints Mathew Welch as Head of Financial Institutions Asia
ING Commercial Banking (“ING”) today announced the appointment of Mathew Welch as Managing Director and Head of Financial Institutions (FI) Asia, effective 1 December 2008. Based in Singapore, Mathew will report to Manolet Salak locally and Bart Schmeetz based in Amsterdam functionally. He will also have a reporting line to Wilfred Nagel for activities pertaining to ING Commercial Banking Asia’s involvement in TMB, ING Vysya Bank and other affiliates.

ING Funds Management announces changes to its Mortgage and Income Plus funds
ING Funds Management (ING) today announced that it had suspended all applications and redemptions from its Mortgage and Income Plus funds (“Funds”), effective immediately. The Income Plus funds invest substantially in mortgages.

ING to sell Taiwanese life insurance business to Fubon Financial Holding
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 Investor Dashboard Sentiment Index for Asia shows 39% year-on-year decline

ING Investor Dashboard Sentiment Index for Asia declines further by 13% with China and Southeast Asia markets leading the fall
ING, the global financial services group, today released data from the quarterly ING Investor Dashboard Survey which shows a strong further decline in investor sentiment in Asia, with China and many of the Southeast Asian markets showing considerable falls in investor sentiment. This is the first time the pan-Asia sentiment index has moved into neutral sentiment from optimistic sentiment since the introduction of the investor sentiment survey in Q3 2007.

ING Real Estate appoints Richard Price as CEO of its Asian investment management business
ING Real Estate is pleased to announce the appointment of Richard Price as CEO of its Asian investment management business.

New CEO for ING Investment Management Asia/Pacific announced
ING Group today announced the appointment of Alan Harden as the new CEO for ING Investment Management Asia/Pacific, to be effective by the end of Q4 2008. He will also be appointed to ING Investment Management’s global management board and becomes a member of ING Group’s Management Council.

ING Closes Acquisition of CitiStreet, Moves to Leading Position in US Defined Contribution Business
ING Group announced today that it has received final regulatory approvals and completed its acquisition of CitiStreet LLC, one of the US’ premier retirement plan and benefit service and administration organisations.

ING signs four-year sponsorship programme with Asian Football Confederation
ING, the global financial services group, today signed a four-year sponsorship programme with the Asian Football Confederation (AFC) in the presence of World Sport Group, the confederation’s commercial partner.

ING Group becomes first global player to set up ME Investment Management division to meet local and global investor demands
Global investor interest in the Middle East and North Africa (MENA) financial markets is expected to intensify with ING Group becoming the first global financial institution to establish a dedicated investment management business in the region. Based in Dubai, ING Investment Management (ING IM) will produce and export locally developed MENA investment vehicles for an increasingly hungry global investment community, while offering a complete spectrum of sophisticated and innovative products to regional investors.

ING engages Mr. M. Damodaran as Chief Representative and Advisor for India
ING today announced the appointment of Mr. M. Damodaran as Chief Representative and Advisor for ING in India. In this newly created non executive role, Mr. Damodaran will work with the management and partners of both ING’s Banking, Insurance and Investment business units to further expand ING’s position in the financial services sector in India.

ING Real Estate acquires a hypermarket in Korea
ING Real Estate today announced the acquisition of a newly completed hypermarket in South Korea for the ING Real Estate Asia Retail Fund (the Fund). The hypermarket is located in a town called Jochiwon in Yeongi-gun within South Chungcheong Province about 110km south of Seoul.

ING strengthens distribution partnership with Japan Post Group
ING today announced that ING Life Japan (“ING LJ”), its insurance unit in Japan, has reached an agreement to distribute life insurance products through Japan Post Group. Under the terms of the agreement, Japan Post Bank and Japan Post Network will sell ING LJ’s single premium variable annuity (SPVA) products from 29 May 2008. In addition, Japan Post Insurance will start selling ING LJ’s corporate owned life insurance (COLI) products from 1 June 2008.

Partnership between TMB Bank and ING promises to support development of TMB to be a top tier universal bank in Thailand
TMB Bank Public Company Limited today officially announced the launch of its partnership with ING Group, with a vision to build TMB into a top tier universal bank in Thailand. The partnership was also cemented by the beginning of sales of ING Life’s Insurance product at all TMB branches throughout the Kingdom today.

ING Real Estate appoints country manager for Singapore and South East Asia
ING Real Estate’s investment management (Asia) today announced the appointment of Mr. Leong Chi Meng as Managing Director and Country Manager for Singapore and South East Asia.

ING appoints regional CEO for Greater China

Leadership team of ING Life Korea further strengthened with appointment of new President and CEO
ING Life Korea (“ING”) today announced that Mr. Curt Olson has been appointed as the new President and CEO of ING Life Korea as of 1 June 2008.

ING Investor Dashboard Sentiment Index for Asia Declines Further 7.4% as the Region Continues to be Impacted by Global Market Uncertainty
ING Asia/Pacific (“ING”) today released data from the quarterly ING Investor Dashboard survey which shows a further decline in investor sentiment in Asia, reinforcing the reality that the region is not insulated from the global market uncertainty.

ING Investment Management launches Asia Pacific Real Estate Securities Fund

ING Real Estate acquires three hypermarts from Lotte Shopping in Korea

ING brings the best of Rembrandt to Hong Kong