ING completes strategic review of insurance operations in China
ING announced today the completion of the strategic review of its insurance activities in China. ING will focus on the growth of ING Capital Life Insurance Company (ING Capital Life), its joint-venture with Beijing Capital Group. As a result of the review, ING has entered into a definitive agreement to sell its 50% stake in Pacific Antai Life Insurance Company Ltd. (PALIC) to China Construction Bank (CCB), the second largest commercial bank in China in terms of total assets as of 30 June 2009. The review was announced as part of the Back to Basics strategy in April 2009. The financial details of the transaction were not disclosed.

ING closes sale of Australian and New Zealand Insurance business
ING announced today that it has closed the sale of its life insurance and wealth management venture in Australia and New Zealand to ANZ, its joint venture partner. As announced on 25 September, the divestment is part of ING's Back to Basics strategy to simplify the organisation by focusing on fewer, strong franchises that form a coherent group.

ING posts 3Q09 underlying net profit of EUR 778 million
Entering the second phase of Back to Basics

ING to revise Management Boards in line with strategic direction
ING announced today that it will move towards a separation of its banking and insurance operations, clarifying the strategic direction for the bank and the insurance company going forward. This also leads to changes in the structure and composition of the respective Management Boards.

ING announces preliminary third quarter 2009 results
ING announced that in connection with other announcements made today, it releases a limited set of preliminary and unaudited figures for the third quarter of 2009. ING expects to post an underlying net result of approximately EUR 750 million for the quarter, compared to EUR 229 million in the second quarter of 2009 and an underlying net result of EUR -568 million in the third quarter of 2008. A net result after divestments and special items is expected of EUR 500 million for the third quarter, or approximately EUR 0.24 per share. Result per share was EUR 0.03 in the second quarter of 2009, and EUR -0.22 in the third quarter of 2008.

ING to separate banking and insurance operations
ING announced today that it will move towards a complete separation of its banking and insurance operations as part of its ongoing review of the Group's strategy and as a logical next step in its Back to Basics programme. This will be achieved over the next four years by a divestment of all Insurance operations (including Investment Management). ING will explore all options, including initial public offerings, sales or combinations thereof.

ING to launch rights issue to repay half of State capital injection
ING announced today that it has reached an agreement with the Dutch State to alter the repayment terms of the Core Tier 1 securities issued in November 2008, in order to facilitate early repayment. This early repayment option is valid until the end of January 2010. ING intends to use this window of opportunity to repurchase EUR 5 billion of the Core Tier 1 securities in December 2009.

ING Investor Dashboard Sentiment Index for Asia Continues Upswing in Q3 2009 by showing an 8% quarter-on-quarter growth
ING, the global financial services group, today released data from its quarterly ING Investor Dashboard Survey which shows continued improvement in investor sentiment in Asia with an 8% quarter-on-quarter increase for Q3 2009 from Q2 2009. The survey reports a 66% increase from Q3 2008, indicating Asian investors are confident of and widely anticipate a global recovery in the near-term.

ING to sell Asian Private Banking business to OCBC
ING announced today that it has reached an agreement to sell its Asian Private Banking business to Oversea-Chinese Banking Corporation Limited (OCBC Bank) for a consideration of US$ 1,463 million (around EUR 1 billion) in cash. OCBC Bank is Singapore’s longest established local bank and offers a wide range of specialist financial services.

ING Investment Management appoints Paul Klug as Regional General Manager
ING Investment Management Asia/Pacific (ING IM) today announced that it has appointed Paul Klug as Regional General Manager, replacing Eddy Belmans who has moved to head up ING Life Japan.

ING to sell Australian and New Zealand insurance business to ANZ
ING announced today that it has reached an agreement to sell its life insurance and wealth management venture in Australia and New Zealand to ANZ, its joint venture partner. Under the terms of the agreement, ING will sell its 51% equity stakes in ING Australia and ING New Zealand to ANZ, who now will become the sole owner of these businesses. ING will receive EUR 1.1 billion in cash from ANZ.

ING to terminate contract with Renault F1 with immediate effect
ING announced today that in light of the verdict of the World Motor Sport Council of 21 September 2009 concerning the events that occurred at the 2008 Singapore Grand Prix, ING will terminate the contract with Renault Formula 1 with immediate effect.

ING posts 2Q underlying net profit of EUR 229 million
"ING posted solid commercial performance in the quarter, as a more favourable interest rate environment and improved margins on savings and lending led to a 19.4% increase in interest income at the banking operations. In Insurance, the recovery of equity markets in the second quarter helped boost fees on assets under management. However, sales of investment-linked products remained subdued as customers awaited a sustained market rally or opted for traditional life products," said Jan Hommen, CEO of ING.

Shailendra Bhandari appointed MD & CEO of ING Vysya Bank
ING announced today the appointment of Shailendra Bhandari, 51, as Managing Director and Chief Executive Officer of ING Vysya Bank, following Reserve Bank of India’s approval this week.

ING appoints Frank Koster as CEO for Insurance Asia/Pacific
ING today announced the appointment of Frank Koster as Chief Executive Officer for its Insurance Asia/Pacific business line. Effective 1 October 2009, Mr. Koster will relocate to Hong Kong to begin his new role, reporting to Hans van der Noordaa, a member of ING Group’s Management Board for Insurance with responsibility for Insurance Asia/Pacific and Europe.

ING Investor Dashboard Sentiment Index for Asia Up 81% for 1H 2009 Amid Market Rally
Significant optimism across Asia indicates confidence gaining momentum and liquidity moving back into the markets

ING Real Estate Investment Management Asia Secures Licence to Operate Local Real Estate Funds in South Korea
ING Real Estate Investment Management today announced that it has secured a license from the Financial Supervisory Commission to operate locally registered real estate funds in South Korea.

ING Real Estate Investment Management takes over the management of the New City Asia Opportunity Fund
ING Real Estate Investment Management has assumed all management responsibility and the role of General Partner for the New City Asia Opportunity Fund (the “Fund”). Going forward the Fund will be named the Phoenix Real Estate Fund Pte. Ltd.

ING Life Japan to stop new sales of SPVA products and focus on its COLI business
ING Life Insurance Co., Ltd. (ING Life) announced today that the company will stop all new sales of single premium variable annuity (SPVA) and single premium variable whole life (SPVWL) products by 31 July 2009. The decision was made following the strategic review conducted by ING Group as per its announcement on 9 April 2009. Its in-force book of SPVA products will continue to be serviced and supported to current standards although new sales will cease. ING Life remains committed and will now focus on the growth of the corporate owned life insurance (COLI) business, which has been the other main area of the company’s business.

ING 1Q underlying net loss narrows to EUR -305 million
- Underlying net loss narrows substantially to EUR -305 million from EUR -3,073 million in 4Q08
- Significant progress achieved on de-risking, de-leveraging, cost-containment and initiatives to simplify the Group
- Net production of client balances resilient at EUR 11.2 billion, which excludes FX and market value declines

ING Tower goes for a green facelift, first green building in Korea to receive industry certification
ING Tower will be the first existing (as opposed to newly built) building in Korea to receive certification from the U.S. Green Building Council’s Leadership in Energy and Environmental Design Existing Building (LEED-EB) standard, following the completion of physical renovations and improved operating practices earlier this year.

FMO, DEG and ING Bank N.V. sign long-term facility agreement for Indonesian petroleum storage terminal
Development banks FMO (Nederlandse Financierings–Maatschappij voor Ontwikkelingslanden N.V) The Netherlands, DEG (Deutsche Investitions-und Entwicklungsgesellschaft mbH) Germany, and international bank ING Bank N.V. have signed a USD 60 million long-term financing agreement with PT Jakarta Tank Terminal (JTT), a joint venture between PT AKR Corporindo Tbk and Royal Vopak for the construction of the first phase of an independent petroleum storage terminal in Indonesia.

Asia's growth prospects exceed western growth
ING Investment Management (IM) is convinced the Asian region has the strongest baseline position for world economic growth. ING IM believes Asian emerging markets will produce the strongest growth with high population growth and the proximity of major economic powers (China and India) as major supports. Asia accounts for the majority of the real gross domestic product of all emerging economies (around 61%).

ING Investment Management appoints CEO in India
ING Investment Management Asia/Pacific (ING IM) today announced that it has appointed Navin Suri as CEO of its Indian investment management operations, effective immediately. He reports to Eddy Belmans, Regional General Manager for ING IM Asia Pacific.

ING Investor Dashboard Sentiment Index for Asia Registers 16% Increase for Q1 2009
ING, the global financial services group, today released data from its quarterly ING Investor Dashboard Survey which shows a 16% increase in investor sentiment in Asia for Q1 2009, largely driven by confidence in the economic performance of Asia's twin growth engines - China and India

Update on strategy: Taking ING back to basics
At the bi-annual ING Investor Day, to be held in Rotterdam today, CEO-designate Jan Hommen will provide an update on the measures to reduce costs, risk and leverage and the change programme as outlined earlier this year. In a keynote speech, Jan Hommen will specifically address the efforts to focus the company on fewer, coherent and strong businesses. “As the economic crisis is fundamentally changing the financial services industry, now is the time to choose where ING has the scale and strength to succeed in the current environment and to position the company to be a leader when the markets recover,” Jan Hommen said.