ING Group Business Rankings April 2007

1. ING GROUP & BUSINESS RANKINGS
March 2007 [Updated for Q406]

2. Top 20 global financial institutions
# Name Market value in EUR billion as of 29 December 2006
1 CITIGROUP INC 210.1
2 BANK OF AMERICA CORP 184.6
3 HSBC HOLDINGS 160.2
4 AMER INTL GROUP 142.0
5 JPM CHASE 129.1
6 MITSUBISHI UFJ FINANCIAL 101.8
7 UBS 96.6
8 ROYAL BANK SCOTLAND 94.8
9 WELLS FARGO 91.8
10 BANCO SANTANDER 88.3
11 WACHOVIA CORP 83.6
12 BNPPARIBAS 76.9
13 ING 74.6
14 BARCLAYS 71.6
15 UNICREDITO 69.6
16 ALLIANZ 67.2
17 MORGAN STANLEY DEAN WITTER 66.5
18 GOLDMAN SACHS 65.9
19 BBVA 64.9
20 MIZUHO FINANCIAL GROUP 64.5
Source: Bloomberg, Dec 06.
ING Last Updated: 20-Mar-07 2

3. Top 20 financial institutions in Europe
# Name Market value in EUR billion as of 29 December 2006
HSBC HOLDINGS 160.2
1
96.5
UBS
2
ROYAL BANK SCOTLAND 94.8
3
88.3
BANCO SANTANDER
4
BNPPARIBAS 76.9
5
74.6
ING
6
BARCLAYS 71.6
7
69.6
UNICREDITO
8
ALLIANZ
9 67.2
64.9
BBVA
10
64.5
HALIFAX BANK OF SCOTLAND
11
64.5
CREDIT SUISSE GROUP
12
64.1
AXA
13
59.6
SOCIETE GENERALE
14
52.9
DEUTSCHE BANK
15
48.2
LLOYDS TSB GROUP
16
47.9
CREDIT AGRICOLE
17
47.1
ABN AMRO
18
42.7
GENERALI
19
42.5
FORTIS
20
Source: Bloomberg, Dec 06.
ING Last Updated: 20-Mar-07 3

4. Top global financial institutions 1991 - 2006
4 March 1991 December 1994 29 December 2006
Market cap. Market cap. Market cap.
Financial Institution in bln EUR Financial Institution in bln EUR Financial Institution in bln EUR
1 INDUSTRIAL BK. JAPAN 81.9 1 BANK OF TOKYO-MITSUB. 74.3 1 CITIGROUP INC 210.1
2 FUJI BANK 77.1 2 INDUSTRIAL BK. JAPAN 73.0 2 BANK OF AMERICA CORP 184.6
3 DAI-ICHI KANGYO BK. 71.3 3 FUJI BANK 67.1 3 HSBC HOLDINGS 160.2
4 BANK OF TOKYO-MITSUB. 68.7 4 SUMITOMO BANK 62.8 4 AMER INTL GROUP 142.0
5 SANWA BANK 68.3 5 DAI-ICHI KANGYO BK. 61.8 5 JPM CHASE 129.1
6 SUMITOMO BANK 68.1 6 SANWA BANK 60.5 6 MITSUBISHI UFJ FINANCIAL 101.8
7 SAKURA BANK 65.2 7 SAKURA BANK 46.8 7 UBS 96.6
8 NOMURA SECURITIES 41.4 8 NOMURA SECURITIES 42.8 8 ROYAL BANK SCOTLAND 94.8
9 TOKAI BANK 35.8 9 AMER. INTL. GP. 36.4 9 WELLS FARGO 91.8
10 MITSUBISHI TST. & BKG. 23.4 10 ASAHI BANK 28.3 10 BANCO SANTANDER 88.3
11 AMER. INTL. GP. 23.1 11 BERKSHIRE HATHAWAY 28.3 11 WACHOVIA CORP 83.6
12 ALLIANZ 22.0 12 ALLIANZ 26.5 12 76.9
BNP PARIBAS
13 TOKYO MAR. & FIRE INS. 21.4 13 TOKAI BANK 25.6 13 ING 74.6
14 DAIWA BANK 21.4 14 FANNIE MAE 23.4 14 BARCLAYS 71.6
15 SUMITOMO TRUST & BANKING 20.9 15 MITSUBISHI TST. & BKG. 20.4 15 UNICREDITO 69.6
16 MITSUBISHI ESTATE 20.6 16 DAIWA SECURITIES GROUP 20.4 16 ALLIANZ 67.2
17 YASUDA TST. & BKG. 19.6 17 TOKYO MAR. & FIRE INS. 19.9 17 MORGAN STANLEY DEAN WRITER 66.5
18 DAIWA SECURITIES GROUP 18.7 18 SUMITOMO TRUST & BANKING 18.3 18 GOLDMAN SACHS 65.9
19 NIKKO SECURITIES 15.5 19 DEUTSCHE BANK 18.0 19 BBVA 64.9
20 ASAHI BANK 15.3 20 AMERICAN EXPRESS 17.6 20 MIZUHO FINANCIAL GROUP 64.5
56 ING GROUP 4.9 33 ING GROUP 10.4
ING Last Updated: 20-Mar-07 4

5. Big in Forbes Global 2000 list
2006 Ranking by Assets
1. Citigroup 1. Barclays
2. Bank of America 2. BNP Paribas
3. HSBC Holdings 3. Citigroup
4. General Electric 4. HSBC Holdings
5. JPMorgan Chase 5. UBS
6. American Intl Group 6. Royal bank of Scotland
7. Exxon Mobile 7. ING Group
8. Royal Dutch Shell 8. Mitsubishi UFJ Finl
9. UBS 9. Deutsche Bank Group
10. ING Group 10. Bank of America
11. BP 11. Allianz
12. Toyota Motor 12. JPMorgan Chase
13. Royal Bank of Scotland 13. ABN AMRO Holding
14. BNP Paribas 14. Mizuho Financial
Footnotes & Methodology:
The Forbes Global 2000 is a comprehensive list of the world’s biggest and most powerful companies, as measured by a composite ranking for sales, profits, assets, and market value.
All figures are in U.S. dollars and are latest available. Market value is as of April 2007
Sources: Exshare, FT Interactive Data, Reuters Fundamentals, and Worldscope via FactSet Research Systems; Bloomberg Financial Markets.
ING Last Updated: 20-Mar-07 5

6. Fortune 500 company
2006 Insurance: Life, Health (Stock)
1. Exxon Mobil 1. ING Group
2. Wal-Mart Stores 2. AXA
3. Royal Dutch Shell 3. Assicurazioni Generali
4. BP 4. Aviva
5. General Motors 5. Prudential
6. Chevron 6. Legal & General Group
7. DaimlerChrysler 7. CNP Assurances
8. Toyota Motor 8. MetLife
9. Ford Motor 9. Aegon
10. CondcoPhillips 10. Prudential Financial
11. General Electrics 11. China Life
12. Total 12. Samsung Life
13. ING Group 13. Manulife Financial
14. Old Mutual
14. Citigroup
15. Power Corp. of Canada
15. AXA
16. Allianz
17. Volkswagen
18. Fortis
19. Credit Agricole
20. American International Group
Source: Fortune, February 2007
ING Last Updated: 20-Mar-07 6

7. 2nd largest Dutch corporation
Source: Fortune, February 2007
ING Last Updated: 20-Mar-07 7

8. Top global brand
ING ranked 85th in the InterBrand / BusinessWeek Top
100 Global Brands survey, seeing a 20%+ increase in
brand equity since its first entry in the list in 2004.
Source: BusinessWeek, November 2006
ING Last Updated: 20-Mar-07 8

9. Major investment house
ING Investment Management is among world’s top houses according to
assets under management
Source: Global Investor, March 2007
ING Last Updated: 20-Mar-07 9

10. Among top 25 global banks
ING ranks as one of the world’s largest banks according
to its Tier I capital
Source: The Banker, March 07.
ING Last Updated: 20-Mar-07 10

11. Leading real estate investors
US trade magazine Pensions & Investments named ING Real Estate as #1
according to assets under management
2006 Global Real Estate Investment Manager Rankings US$ bn
1. ING Real Estate 82,8
2. Prudential Real Estate 52,2
3. TIAA-CREF 46,4
4. RREEF/Deutsche Bank Real Estate 39,6
5. Principal Real Estate 35,2
6. UBS Global Real Estate 29,4
7. JPMorgan Asset Management 29,1
8. Lasalle Investment 25,2
9. CB Richard Ellis Investors 20,4
10. Morgan Stanley 18,6
Source: Pensions & Investments, March 07.
ING Last Updated: 20-Mar-07 11

12. Leading real estate investors
The Watson Wyatt Global Alternatives Survey 2006 ranked ING Real Estate
as the #2 global asset manager
2006 Alternatives Survey for Asset Manager Rankings US$ mln
1. RREEF 62,183.00
2. ING Real Estate Investment Management 55,646.20
3. Hamilton Lane Advisors, LLC 48,793.00
4. MAN Investments 45,800.00
5. Morley Fund Management 38,313.99
6. AXA Real Estate Investment Managers 36,600.00
7. UBS AG / UBS Global Asset Management Real Estate - US 30,608.00
8. LaSalle Investment Management 30,503.00
9. JP Morgan Asset Management 29,700.00
10. Prudential M&G 29,500.00
Source: Pensions & Investments, March 07.
ING Last Updated: 20-Mar-07 12

13. ING Insurance Asia/Pacific

14. ING is #2 life insurer in Asia
Geographical Footprint
12 life insurance operations Gross Premium Income Pre Tax Profit
in 10 countries of € 12.14 bn of € 621 mn
Taiwan
Korea
• #4 in life insurance • #7 in life insurance
• APE - € 853 mn • APE - € 271 mn
Japan Australia and NZ
• #3 in life and #4 in wealth
• #10 in life insurance
management
• APE - € 651 mn
Dalian • APE - € 236 mn
Tokyo
Seoul China
Shanghai • #8 in Shanghai
Taipei • #3 in Dalian
Hong Kong
Bangalore India
Bangkok • #5 in life insurance
Rest of Asia
Kuala Lumpur Thailand
• APE - € 170 mn
• #7 in life insurance
Hong Kong
• #8 in life insurance
Auckland Malaysia
Sydney
• #1 in employee benefits and
# 4 in individual life
Note: APE figures are for the full year period ending 31 Dec 2006
APE denotes Annualised Premium Equivalent and equals 100% of annual plus 10% of single premiums`
ING Last Updated: 20-Mar-07 14

15. Individual strong business units
ING business units were ranked 14th, 16th and 18th
among the Top 50 Insurers in FinanceAsia’s second
insurance listing
ING Last Updated: 20-Mar-07 15

16. Global Industry Leader
ING (no.13) took the top insurance spot from France’s AXA (no.15) thanks to
growth in its banking business, a vibrant real estate market and fewer claims.
ING’s results show 31% revenue growth and profits of US$9 billion
Source: Fortune, March 2007.
ING Last Updated: 20-Mar-07 16

17. ING Wholesale Banking, Asia

18. Among top loan syndications players
2006 Asia Pacific Syndicated Loans
ex Japan & Australia
Rank Bookrunners Value % Mkt. No. of
(US$M) Share Deals
1 Standard Chartered 13,798.8 9.0 122
2 HSBC Holdings PLC 11,701.4 7.6 93
3 Citigroup 9,189.8 6.0 78
4 Calyon 7,794.8 5.1 89
5 DBS Group Holdings 7,718.2 5.0 88
6 BNP Paribas SA 6,904.0 4.5 77
7 Sumitomo Mitsui Banking Corp 6,401.8 4.2 73
8 ING 5,108.4 3.3 38
9 ABN AMRO 4,662.5 3.0 50
10 China Trust Co Ltd 4,109.2 2.6 69
______________________________________________________________________
Industry Total 154,142.3 100.0 734
Source: Thomson, December 2006
ING Last Updated: 20-Mar-07 18

19. Among top sales people in Asia
The Asian G3 Bond Benchmark Survey 2006
Weighted by Turnover
Sales people Share of Score
Points %
1 Credit Suisse 8.9 365.7
2 Merrill Lynch 6.5 270.0
3 UBS 5.6 230.4
4 Morgan Stanley 5.6 230.0
5 HSBC 4.9 201.2
6 JP Morgan 3.8 155.8
7 Barclays 3.7 154.4
8 ING 3.7 150.9
9 Barclays 3.1 127.5
10 Barclays 2.6 108.6
_________________________________________________________________
Source: The Asset, December 2006
ING Last Updated: 20-Mar-07 19

20. Among top sales people in Asia
G3 Corporate High Yield – Asia (excl. Japan)
Advisor Value %
(US$ m)
99.54
1 Lehman Brothers 36.35
2 Credit Suisse 99.54 36.35
3 ING Bank 74.76 27.30
Source: Dealogic, February 2007
ING Last Updated: 20-Mar-07 20

21. Focusing on key countries
2006 Asia Bookrunners 2006 China Bookrunners
Advisor Value No. of Advisor Value No. of
(US$ m) Deals (US$ m) Deals
1 Standard Chartered Bank 11,292.6 89 1 ING Bank 1,463.7 6
2 HSBC 9,149.1 62 2 Bank of China 1,326.8 4
3 Citigroup 7,746.9 53 3 HSBC 1,297.8 8
4 DBS Bank 6,251.1 65 4 DBS Bank 1,017.1 5
5 Calyon Corporate & Inv. Bank 5,579.3 63 5 China Construction Bank 993.8 3
6 BNP Paribas 5,057.1 59 6 Standard Chartered Bank 976.1 7
7 Sumitomo Mitsui Banking Corp 4,610.8 48 7 Calyon Corporate & Inv. Bank 955.0 7
8 ABN AMRO Bank 3,663.0 34 8 Ind. & Comm. Bank of China 940.8 2
9 ING Bank 3,523.2 28 9 ABN AMRO Bank 535.2 6
10 Barclays Capital 2,819.4 24 10 Societe Generale 468.7 3
Total market 13,146.1 55 Total market 13,146.1 55
Source: Basis Point, December 2006
ING Last Updated: 20-Mar-07 21

22. Focusing on key countries
2006 New Zealand Mandated Arrangers
2006 South Korea Mandated Arrangers
Advisor Value No. of
Advisor Value No. of
(US$ m) Deals
(US$ m) Deals
1 Credit Suisse 2,092.5 1
1 Korea Development Bank 1,983.9 30
2 ANZ Investment Bank 1,909.1 23
2 Citigroup 1,028.4 17
3 Westpac Banking Corp 1,716.9 14
3 Kookmin Bank 987.8 19
4 National Australia Bank 1,660.0 15
4 Woori Bank 932.5 14
5 Citigroup 622.3 3
5 Calyon Corporate & Inv. Bank 894.0 21
6 Commonwealth Bank of Australia 418.2 6
6 Sumitomo Mitsui Banking Corp 877.3 25
7 HSBC 285.8 3
7 BNP Paribas 828.4 16
8 Bank of Scotland 176.0 3
8 ING Bank 566.3 11
9 Rabobank 137.3 2
9 Mizuho Corporate Bank 564.4 14
10 ING Bank 127.0 1
10 Standard Chartered Bank 556.3 16
Total market 9,432.5 41
Total market 14,862.4 102
2006 China Mandated Arrangers
Advisor Value No. of
(US$ m) Deals
1 HSBC 1,424.1 10
2 Bank of China 1,411.5 11
3 China Construction Bank 1,204.5 6
4 Ind. & Comm. Bank of China 1,191.4 6
5 Calyon Corporate & Inv. Bank 1,183.3 12
6 DBS Bank 998.5 8
7 ING Bank 871.5 10
8 Standard Chartered Bank 859.7 10
9 Societe Generale 700.4 6
10 Mizuho Corporate Bank 652.1 7
Total market 16,185.5 69
Source: Basis Point, December 2006
ING Last Updated: 20-Mar-07 22

23. Focusing on key countries
2006 Indonesia Bookrunners 2006 New Zealand Bookrunners
Mandated arrangers Value No. of Mandated arrangers Value No. of
(US$ m) Deals (US$ m) Deals
1 Credit Suisse 1,700.0 2 1 Credit Suisse 2,092.5 1
2 Sumitomo Mitsui Banking Corp 574.4 7 2 ANZ Investment Bank 1,437.7 12
3 Standard Chartered Bank 397.5 5 3 Westpac Banking Corp 1,023.6 4
4 Barclays Capital 276.7 3 4 National Australia Bank 924.2 4
5 DBS Bank 255.5 6 5 Citigroup 500.0 1
6 HSBC 131.2 1
6 ING Bank 252.2 2
7 ING Bank 127.0 1
7 United Overseas Bank 205.0 1
8 Mizuho Corporate Bank 202.2 2 8 Deutsche Bank 84.6 1
9 Chinatrust Commercial Bank 164.7 4 9=Bank of Scotland 71.6 1
10 ABN AMRO Bank 163.0 3 9=Royal Bank of Scotland 71.6 1
Total market 5,162.3 28 Total market 6,505.2 25
2006 Singapore Bookrunners 2006 South Korea Bookrunners
Mandated arrangers Value No. of Mandated arrangers Value No. of
(US$ m) Deals (US$ m) Deals
1 DBS Bank 2,667.2 15 1 Korea Development Bank 1,898.7 22
2 Standard Chartered Bank 1,858.2 10 2 Calyon Corporate & Inv. Bank 906.0 14
3 Barclays Capital 1,290.0 2 3 Standard Chartered Bank 706.1 12
4 Royal Bank of Scotland 1,230.3 2 4 Kookmin Bank 688.4 10
5 Sumitomo Mitsui Banking Corp 1,084.7 8 5 Sumitomo Mitsui Banking Corp 643.1 13
6 OCBC Bank 965.6 10 6 BNP Paribas 641.2 11
7 HSBC 807.0 9 7 Woori Bank 605.7 7
8 Citigroup 800.3 4 8 Citigroup 563.3 9
9 BNP Paribas 646.9 10 9 ING Bank 540.7 9
10 ING Bank 456.0 2 10 Mizuho Corporate Bank 354.4 5
Total market 13,743.9 51 Total market 10,499.7 68
Source: Basis Point, December 2006
ING Last Updated: 20-Mar-07 23

24. ING Private Banking, Asia

25. Top in rankings in Asia poll
ASSETS UNDER MANAGEMENT
US$ > 20M
ASSETS UNDER MANAGEMENT
Top 10
US$ 10.01M-20M
ASSETS UNDER MANAGEMENT
• Best Overall Private Bank in
Top 5
US$ 5.01M-10M
Southeast Asia
ASSETS UNDER MANAGEMENT
• Best Overall Private Bank in
Top 5 • Best with Issues of
US$ 1M-5M
Southeast Asia Confidentiality & Security
• Best Global Private Bank in
Top 10 • Best Structured Products &
was yet again voted one • Best Client Relationship
Asia
Derivatives
of the Best Global Private Management & Servicing
• Best Global Private Bank in • Best Overall Private Bank in
Banks active in Asia in • Best Alternative Investments
Asia • Best Trust Service / Estate
Greater China
2006. such as Hedge Funds & Private Planning / Fiduciary Services
• Best Trust Service / Estate Equity
The 2006 Private Banking
• Best Advisory Portfolio
Planning / Fiduciary Services
Poll was conducted by • Best with Issues of Management
Asiamoney and involved a Confidentiality & Security
• Best Online Services
total of 472 high net worth
• Best Client Relationship
individuals. • Best Discretionary Portfolio
Management & Servicing
Management
Respondents were asked to • Best Trust Service / Estate
nominate private banks Planning / Fiduciary Services Top 10
across different categories
• Best Advisory Portfolio
& four different sub -regions • Best Global Private Bank in
Management
in Asia. Asia
• Best Online Services
• Best Quality of Administration
• Best Discretionary Portfolio
Management
Top 5
• Best Global Private Bank in
Asia
Source: Asiamoney, March 2007.
ING Last Updated: 20-Mar-07 25

26. Top twenty ranking in global poll for Asia
Rank Entity Previous Rank
1 UBS 1
2 Citigroup 2
3 HSBC 3
4 Credit Suisse 4
5 Merrill Lynch 6
6 Deutsche Bank 12
7 JPMorgan 5
8 BNP Paribas 13
9 SG 14
10 ABN Amro 7
11 Pictet 8
12 Goldman Sachs 9
13 Morgan Stanley 17
14 Bank Degroof
15 Fortis 11
16 SEB
17 Lombard Odier Darier Hentsch 22
18 Coutts 10
19 ING 16
20 Santander
Source: Euromoney, January 2007
ING Last Updated: 20-Mar-07 26

27. ING Asset Management, Asia

28. No. 1 Global Real Estate Fund Manager (AUM)
Global Real Estate Assets under Management Total €m Australasia Asia
Name of Fund Manager
1. ING Real Estate 79,220 5488 1294
2. RREEF 53,685 6117 1231
3. Morley Fund Management 47,979 - 7
4. Morgan Stanley Real Estate 47,655 26 9677
5. Pramerica Financial Inc 46,519 30 2516
6. Lasalle Investment Management 32,005 126 3303
7. Axa Real Estate Investment Managers 32,000 - -
8. UBS Global Asset Management Real Estate 30,459 1021 3011
9. Principal Real Estate Investors 28,144 55 -
10. PRUPIM 27,666 276 312
Source: Banker, March 2007
ING Last Updated: 20-Mar-07 28

29. Top 10 Fund Manager Segregated Mandates
Segregated Mandates under Management Total €m Australasia Asia
Name of Fund Manager
1. PRUPIM 27,665 276 312
2. Principal Real Estate Investors 26,386 - -
3. Morley Fund Management 25,920 - -
4. Axa Real Estate Investment Managers 21,000 - -
5. Pramerica Financial Inc 20,486 - 87
6. Lasalle Investment Management 19,317 - 635
7. ING Real Estate -
18,871 379
2362
8. RREEF 17,731 -
3690
9. Macquarie Goodman Group 13,570 2200
-
10. CB Richard Ellis Investors 13,393 -
Source: Banker, March 2007
ING Last Updated: 20-Mar-07 29

30. Top 3 Fund Manager Planned Vehicles
Planned Indirect Vehicle Launches for 2006/2007 No. of Planned Launches
Name of Fund Manager
1. IVG Immobilien AG 8
2. Lasalle Investment Management 6+
3. ING Real Estate 5
4. Grosvenor Fund Management 4-6
5. Halverton Real Estate Investment Management 3
6. Charter Hall Group 3
7. Invista Real Estate Investment Management 3
8. Cordea Savillis 3
9. Lend Lease Real Estate Investment 2+
10. Bouwfonds Asset Management 2+
Source: Banker, March 2007
ING Last Updated: 20-Mar-07 30

31. Top 10 Fund Manager Launched Vehicles
Vehicles Launched in 2006 No. of Vehicles Launched
Name of Fund Manager to Date in 2006
1. The Carlyle Group 8
2. Aberdeen Property Investors 7
3. Cordea Savillis 7
4. Bouwfonds Asset Management 5+
5. The Praedium Group 5
6. ING Real Estate 5
7. Cohen & Steers Capital Management Inc 5
8. Niam 4
9. Axa Real Estate Investment Managers 4
10. Lasalle Investment Management 4
ING Last Updated: 20-Mar-07 31

32. Top wealth manager in Asia
Institutional Investor ranked ING Group as #4 largest foreign wealth
manager active in Asia according to assets under management
Source: Institutional Investor, March 2007
ING Last Updated: 20-Mar-07 32

33. ING IM #2 largest Asia (ex Japan) manager
Assets under management Largest retail fund manager
Operations in 12 major
Geographic Footprint
economies of € 69.4 bn in Asia (ex Japan)
Australia China
• #5 in asset management
#24 in asset management
• #11 in Australia
• AuM - € 3 bn
1
• AuM - € 22.8 bn
Hong Kong India
• #22 in asset management
• AuM - € 3.1 bn
• AuM - € 0.5 bn
Seoul Tokyo Japan Korea
• #4 in asset management
#6
• #21 in asset management
• AuM - € 14 bn
• AuM - € 16 bn
9.5 bn
• AuM - € 2.7 bn
Taipei
Shenzhen Hong Kong
Mumbai Malaysia New Zealand
Bangkok Manila • #4 insurance asset
#13 insurance asset • #2 in asset management
manager
• AuM - € 25 bn
4.9 bn
• AuM - € 1 bn
0.2 bn
Kuala Lumpur
Philippines Singapore
Singapore
• #9 in asset management
#5
• AuM - € 0.2 bn
• AuM - € 1 bn
1.1 bn
Thailand
Taiwan
Auckland • #4 in asset management
#5
• #3 in asset management
#1
Sydney
• AuM - € 2 bn
3.3 bn
• AuM - € 13 bn
15.6 bn
Note: AuM figures are for the 12 month period ending 31 Dec 2006
AuM for Japan includes € 7 bn of ING Life Japan mutual fund portfolio
ING Last Updated: 20-Mar-07 33

34. Moving up in rankings
ING Investment Management Asia/Pacific was the number one
retail asset manager, but moved to sixth position among institutional investors
in Asia, ex Japan
Assets under Management, Asia Pacific
Retail Asset Manager Asia, ex-Japan
Asset Manager Value bn
Asset Manager Value bn
SSGA € 90,563
Fidelity Investments € 13,245
Alliance Bernstein € 67,064
Prudential of the UK € 11,667
AIG € 62,490
ING € 11,044
Fidelity Investments € 62,406
HSBC € 9,715
ING Investment Management € 57,731
Alliance Bernstein € 8,272
Source: Asia Asset Management, March 2007
ING Last Updated: 20-Mar-07 34

35. Certain of the statements contained herein are statements of future
expectations and other forward-looking statements. These
expectations are based on management's current views and
assumptions and involve known and unknown risks and
uncertainties. Actual results, performance or events may differ
materially from those in such statements due to, among other things,
(i) general economic conditions, in particular economic conditions in
ING’s core markets, (ii) performance of financial markets, including
emerging markets, (iii) the frequency and severity of insured loss
events, (iv) mortality and morbidity levels and trends, (v) persistency
levels, (vi) interest rate levels, (vii) currency exchange rates (viii)
general competitive factors, (ix) changes in laws and regulations, (x)
changes in the policies of governments and/or regulatory authorities.
ING assumes no obligation to update any forward-looking
information contained in this document.
www.ing.com
ING Last Updated: 20-Mar-07 35