ING Groep N.V. has sold 5,230,000 (depositary receipts for) ordinary shares for its delta hedge portfolio, which is used to hedge employee options. The shares were sold on the open market between 2 June and 5 June at an average price of EUR 7.80 per share.

ING does not issue new shares to cover employee options. Instead, employees receive shares
from the delta hedge portfolio, which is maintained to minimise the market risks and price
fluctuations that arise from the employee option programmes. The hedge position is adjusted periodically, generally on a quarterly basis, in accordance with regulatory requirements and
ING's policies to prevent market manipulation.

The hedge book currently holds 35.8 million (depositary receipts for) ordinary ING shares, representing 1.7 % of the 2,063 million shares outstanding.