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ING Group : Debut of ING U.S. on NYSE marks milestone in restructuring of ING Group

ING Group : Debut of ING U.S. on NYSE marks milestone in restructuring of ING
                                    Group

ING announced today that ING U.S., Inc., its U.S.-based retirement, investment
and insurance business, started trading today on the New York Stock Exchange
(NYSE) under the ticker symbol "VOYA" . The market debut follows an Initial
Public Offering (IPO) that, upon completion, will reduce ING Group's stake in
ING U.S. to 75%.

"The successful listing of ING U.S. is a very important milestone in the
restructuring of ING," said Jan Hommen, CEO of ING Group. "In the past four
years, we have made huge steps in reducing the size and complexity of our
company while at the same time improving our financial strength and enhancing
our focus on our customers."

"The employees and leadership of ING U.S. have put immense effort in preparing
their company for a standalone future as a listed company. I am confident that
ING U.S. continues to be well positioned to capture market opportunities and
bring benefits to all its stakeholders. While the achievements to date are
remarkable, our work at ING Group is far from done. We will now embark on the
final phase of our restructuring. We will reinforce our efforts to maintain
the momentum in divesting our remaining insurance and investment management
businesses, using the vigour and dynamism the ING U.S. team has shown as
inspiration."

ING has made strides in delivering on a restructuring programme announced in
2009 and actively managing its portfolio of businesses in line with its
strategic objectives. Already in 2009, ING sold its 70%-stake in ING Canada as
well as its 51%-stake in a life insurance and investment management joint
venture in Australia and New Zealand. In 2010, ING completed the operational
separation of the Insurance and Banking activities. In 2011, ING sold the
Insurance and investment management operations in Latin-America and its Real
Estate Investment Management business. In 2012, ING completed the sale of ING
Direct USA and the sale of ING Direct Canada. Since the end of December 2012,
ING has also completed the sale of ING Direct UK, the divestment of major
parts of its Asian Insurance and investment management units, and today ING
U.S. shares started trading on the NYSE. With the listing of 25% of ING U.S.
shares on the NYSE, ING has fulfilled its commitment to the European
Commission to divest 25% of ING U.S. before the end of 2013. In line with the
timeline set out in the restructuring programme, ING intends to divest its
remaining stake in ING U.S. over time.

As to the offering of ING U.S., the underwriters have the option for 30 days
to purchase up to an additional 9.8 million of ING U.S. shares from ING Group
at the initial public offering price of USD 19.50 per share, corresponding to
a maximum of 15% of the total number of shares offered in the IPO. Fully
exercising this overallotment option would further reduce ING Group's
remaining stake in ING U.S. to approximately 71%. The sale of any remaining
shares is subject to a lock-up period of 180 days from 1 May 2013.

The registration statement relating to the securities of ING U.S. has been
declared effective by the U.S. Securities and Exchange Commission (SEC). A
copy of the registration statement may be obtained by visiting the SEC website
at www.sec.gov. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy, any securities, nor shall there be any
offer, solicitation or sale of any securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.

Press enquiries                            Investor enquiries
ING Group: Victorina de Boer               ING Group: Investor Relations
+31 20 57 66373                            +31 20 57 66396
VIctorina.de.Boer@ing.com                  Investor.Relations@ing.com
NOTE FOR EDITORS
For the media, ING has moving images available of ING US facilities. Footage
(B-roll) can be downloaded viaVideobankOnline.com, or requested by emailing
info@videobankonline.com.

ING PROFILE
ING is a global financial institution of Dutch origin, offering banking,
investments, life insurance and retirement services to meet the needs of a
broad customer base. Going forward, we will concentrate on our position as an
international retail, direct and commercial bank, while creating an optimal
base for an independent future for our insurance and investment management
operations
IMPORTANT LEGAL INFORMATION
Certain of the statements contained or referenced herein 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) the
implementation of ING's restructuring plan to separate banking and insurance
operations, (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.



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Source: ING Group via Thomson Reuters ONE
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