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Change in ING Supervisory Board

AMSTERDAM, Netherlands, Sept. 4, 2015 (GLOBE NEWSWIRE) -- ING announced today that Carin Gorter has resigned as a Member of the Supervisory Board of ING Group, following the proposal to appoint her as Chief Risk Officer at Rabobank. Carin Gorter was appointed to the ING Group Supervisory Board in May 2013. Within the Supervisory Board she was a member of the Audit Committee, the Risk Committee and the Corporate Governance Committee.

In the same context, Bas Brouwers will leave his position as CFO in the management team of ING Netherlands, following his proposed appointment as Chief Financial Officer at Rabobank. Both Carin Gorter and Bas Brouwers will observe a 'cooling down' period before starting at their new employer.

"We understand and appreciate the opportunity offered to Carin Gorter and Bas Brouwers. We want to thank them for their contribution to ING and wish them well in their new positions," said Jeroen van der Veer, Chairman of the Supervisory Board of ING Group.

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ING Profile
ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank and holding a significant stake in the listed insurer NN Group NV. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank's more than 52,000 employees offer retail and commercial banking services to customers in over 40 countries.

ING Group shares are listed (in the form of depositary receipts) on the exchanges of Amsterdam (INGA NA, ING.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).

Sustainability forms an integral part of ING's corporate strategy, which is evidenced by ING Group shares being included in the FTSE4Good index and in the Dow Jones Sustainability Index (Europe and World) where ING is the industry leader in the diversified financials group.

Important legal information

Certain of the statements contained in this document are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation: (1) changes in general economic conditions, in particular economic conditions in ING's core markets, (2) changes in performance of financial markets, including developing markets, (3) consequences of a potential (partial) break-up of the euro, (4) ING's implementation of the restructuring plan as agreed with the European Commission, (5) changes in the availability of, and costs associated with, sources of liquidity such as interbank funding, as well as conditions in the credit markets generally, including changes in borrower and counterparty creditworthiness, (6) the frequency and severity of insured loss events, (7) changes affecting mortality and morbidity levels and trends, (8) changes affecting persistency levels, (9) changes affecting interest rate levels, (10) changes affecting currency exchange rates, (11) changes in investor, customer and policyholder behaviour, (12) changes in general competitive factors, (13) changes in laws and regulations, (14) changes in the policies of governments and/or regulatory authorities, (15) conclusions with regard to purchase accounting assumptions and methodologies, (16) changes in ownership that could affect the future availability to us of net operating loss, net capital and built-in loss carry forwards, (17) changes in credit-ratings, (18) ING's ability to achieve projected operational synergies and (19) the other risks and uncertainties detailed in the risk factors section contained in the most recent annual report of ING Groep N.V.

Any forward-looking statements made by or on behalf of ING speak only as of the date they are made, and, ING assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason. This document does not constitute an offer to sell, or a solicitation of an offer to buy, any securities.

PDF version of press release http://hugin.info/130668/R/1949743/708702.pdf

HUG#1949743

Source:ING Group