ING Group: Eli Leenaars to step down from ING Management Board Banking as of 1 October 2014

ING Group: Eli Leenaars to step down from ING Management Board Banking as of 1
                                 October 2014

Eli Leenaars, member of the Management Board Banking and Head of Challengers &
Growth Countries will leave ING. Eli Leenaars will step down from his position
as of 1 October 2014 by mutual agreement. Any announcements on succession will
be made if and when appropriate.

Eli Leenaars was appointed to the Executive Board of ING Group in 2004 and in
2009 became a member of the Management Board Banking with responsibility for
ING's international retail and direct banking operations. Eli Leenaars' career
in the financial sector spans more than 25 years. He joined ING in 1991 and
over the years held various management positions, including chairman of ING
Poland and of ING Latin America and member of Management Committee ING
South-West Europe and Head of Retail Financial Services.

Ralph Hamers, CEO of ING said: "We appreciate Eli's dedicated service to ING
and its customers for many years. During his tenure he successfully managed
various ING businesses and, in more recent years, he carefully navigated them
through the financial crisis with continued strong performance. Next to that
he played a pivotal role in the execution of ING's restructuring process. I
want to thank him and wish him well in his future endeavours."

Eli Leenaars said: "After more than ten years in the board of ING, during some
of the most challenging periods for our sector, I think it is the right time
for me to change environment, now that the restructuring of ING is nearly
completed. I want to thank my many colleagues for our pleasant cooperation
over the years at ING."

NOTE FOR EDITORS
For further information on ING, please visit www.ing.com. Photos of ING
operations, buildings and its executives are available for download at
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www.slideshare.net/ING.

Press enquiries                   Investor enquiries
Carolien van der Giessen          ING Group Investor Relations
+31 20 576 6386                   +31 20 576 6396
Carolien.van.der.Giessen@ing.com  Investor.Relations@ing.com

ING PROFILE
ING is a global financial institution of Dutch origin offering banking
services through its operating company ING Bank and holding significant stakes
in the listed insurers NN Group NV and Voya Financial, Inc. The purpose of ING
Bank is empowering people to stay a step ahead in life and in business. ING
Bank's 53,000 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 shares being included in the Dow Jones Sustainability Index
(Europe and World) and the FTS4Good index.

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) 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.

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

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Source: ING Group via Globenewswire
HUG#1846716
 
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