Progress on share repurchase programme ING

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 2,953,055 (depositary receipts for) shares during the week of 2 July until 9 July.

The (depositary receipts for) shares were repurchased at an average price of EUR 32.82 for a total amount of EUR 96,921,399.73. 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 23,384,555 ordinary shares for a total consideration of EUR 768,037,073.75. To date approximately 15.4% of the repurchase programme has been completed.

The repurchase programme is expected to run until June 2008.