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ING Group AGM adopts 2005 Annual Accounts


Amsterdam, 25 April 2006, The Annual General Shareholders Meeting (AGM) of ING Groep N.V. today adopted the 2005 Annual Accounts and declared a total dividend for 2005 of EUR 1.18 per (depositary receipt for an) ordinary share. The dividend, as announced on 16 February 2006, represents an increase of 10.3% from EUR 1.07 for 2004. Taking into account the interim dividend of EUR 0.54 made payable in August 2005, the final dividend amounts to EUR 0.64 per (depositary receipt for an) ordinary share to be paid fully in cash. ING’s shares will be quoted ex-dividend as of 27 April 2006 and the final dividend will be made payable on 4 May 2006.

In addition, the AGM appointed the proposed four new Executive Board members following the retirement of Fred Hubbell and Hans Verkoren, and the departure of Alexander Rinnooy Kan. As announced on 16 February 2006, Tom McInerny will assume responsibility for Insurance Americas and ING Investment Management in the Americas, Dick Harryvan will take over responsibility for ING Direct, Hans Van der Noordaa will head Insurance Asia/Pacific and ING Investment Management Asia/Pacific, and Jacques de Vaucleroy will assume responsibility for Insurance Europe and ING Investment Management in Europe.

The AGM also appointed Piet Klaver to the Supervisory Board. The required approval was recently obtained from the Dutch Central Bank. In addition, Cor Herkströter (Chairman) and Karel Vuursteen were reappointed to the Supervisory Board. As announced on 14 March 2006, Aad Jacobs and Paul Baron de Meester retired from the Supervisory Board at the conclusion of today’s AGM.

Furthermore, the AGM approved the buyback of (depositary receipts for) preference A shares from Aegon, as announced on 21 March 2006, and authorised the purchase of (depositary receipts for) preference A shares in the company’s own capital at more flexible levels. It also authorised the cancellation of all preference A shares purchased by ING Groep N.V.

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 over 50 countries. With a diverse workforce of over 115,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.


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