Today, Jan Hommen, CEO of ING Group, and members of the executive team of ING Insurance will provide an update on the preparations for an IPO of ING Insurance at a meeting with investors and analysts in London.

In his presentation, Jan Hommen will give an update on the progress of the restructuring of ING Group, showing that ING has entered the end phase. The company is now more focused, less complex and more robust. In August, ING reached an agreement on the sale of ING Life Korea and the divestment of the Asian insurance and investment management activities is now almost complete. The process to divest the remaining Asian businesses is ongoing and ING is working on various options for the divestment of ING Life Japan. ING U.S., ING's U.S.-based retirement, investment and insurance business was successfully listed on the New York Stock Exchange in May and on 13 September filed a registration statement with the U.S. Securities and Exchange Commission in connection with a possible sale of a second tranche of ING U.S.'s common stock by ING Group.

For the divestment of ING's European insurance and investment management businesses, the base case is an Initial Public Offering (IPO). Preparations are on track and depending on market conditions, a transaction is planned for 2014. The transaction structure is still to be determined and could include a (partial) spin-off. An IPO or spin-off requires substantially the same preparations. Key criteria to assess the transaction structure include capital considerations and the effect on shareholder value, particularly in light of market conditions.

The presentations delivered by members of the executive team of ING Insurance, Lard Friese, Delfin Rueda and Dorothee van Vredenburch, provide an overview of the business and strategy of ING Insurance, the capital framework and how ING Insurance is preparing for the planned IPO in 2014. ING Insurance forms a unique combination of mature and growth markets and the strategic plans show how the full value of its leading market positions can be extracted. The experienced leadership team will show how the organization is committed to focus on customers, improve efficiency and generate capital at the same time.

All presentations are available online at www.ing.com. The keynote speech by Jan Hommen (starting at 09:00 CET) and all other presentations can be followed live via webcast at www.ing.com/ir