Today, ING CEO Jan Hommen will address the Goldman Sachs European Financials Conference in Madrid, Spain. In his presentation, Mr. Hommen will repeat the progress ING has made through the end of the first quarter in delivering on its previously stated strategic priorities.

In his presentation, Mr. Hommen will review the good progress made in the orderly separation of Banking and Insurance, and reiterate ING's objective of creating strong companies that are able to operate on a standalone basis by the end of this year. Importantly, ING has set clear targets to strengthen the performance of both Banking and Insurance, and ING's first quarter results show encouraging progress in both businesses towards achieving them.

Mr. Hommen will also reiterate that in the current environment with volatile markets and a fragile economic recovery, managing risk and leverage remains an important priority. In this respect, ING reduced its Southern European sovereign debt exposure during the second quarter. ING also continues to steadily reduce its exposure to real estate, including an evaluation of the position of Real Estate Investment Management within the Banking business and a reassessment of Real Estate Development projects that started in the fourth quarter.

Mr. Hommen's presentation can be downloaded at www.ing.com