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2016-06-01

ING Group: Bill Connelly to retire; Isabel Fernandez to become Head of ING Wholesale Banking

Bill Connelly, member of the Management Board Banking and Head of ING
Wholesale Banking, today announced his retirement. He will step down from the
Management Board Banking as of 1 November 2016. Bill will be succeeded by
Maria Isabel Fernandez Niemann (Spanish-Dutch, 1968) who will join ING as a
member of the Management Board Banking on 1 September 2016 and will become
Head of Wholesale Banking as of 1 November 2016.

Isabel joins ING from General Electric where she currently is Global
Commercial Leader and Head of Sales for the company, functionally responsible
for GE's 20,000+ global sales force. Her responsibilities include GE's Global
Commercial Shared Services, GE's Commercial Council and all Corporate
oversight teams for Sales. She is currently based in the US.

Prior to this role, Isabel held a variety of leadership roles at GE and GE
Capital, including CEO of Structured Finance Media&Technology, Chief
Commercial Officer of GE Capital EMEA, CEO of Global Bank Loans and most
recently Chief Commercial Officer of GE Capital. Before joining GE, Isabel
worked in commercial banking in roles ranging from leveraged lending and
project finance to global relationship management. Isabel holds a Master's in
Law from Leiden University, the Netherlands. Her appointment has been
approved by the Dutch Central Bank (DNB) and the European Central Bank (ECB).

Bill Connelly was appointed to the Management Board Banking and as Head of
Wholesale Banking on 1 January 2011. Bill started his career in 1980 at Chase
Manhattan Bank. In 1990 he moved to Barings Brothers (later ING Barings)
where he was responsible for corporate finance and advisory activities in
Spain and later Western Europe. From 2004 he held various global leadership
roles at ING Wholesale Banking in Corporate Finance and Equity Markets,
Corporate Clients, and Commercial Banking Services. He also served as CEO of
ING Real Estate Investment Management.

Ralph Hamers, CEO of ING said: "Isabel Fernandez brings a wealth of experience
in banking as well as in-depth knowledge of financing businesses in many of
our key segments. Her experience in growth of new businesses and innovation
will help us achieve the Think Forward strategy ambitions. Under Bill
Connelly's leadership ING Wholesale Banking strengthened as a premier global
franchise and one of ING's growth engines. Bill streamlined and further
aligned the Wholesale Banking activities with the Think Forward strategy,
focusing on primary relationships. He successfully implemented the strategy,
delivering on growth in Transaction Services, Industry Lending and clients in
the Challenger&Growth countries. I want to thank him for his many years of
dedication to ING and our clients and wish him well for the future."

Note for editors

A short interview with Isabel Fernandez on her career and view on the banking
sector is available online atwww.ing.com.

For further information on ING, please visitwww.ing.com. Frequent news updates
can be found in theNewsroomor via the@ING_newsTwitter feed. Photos of ING
operations, buildings and its executives are available for download atFlickr.
Footage (B-roll) of ING is available viavideobankonline.com, or can be
requested by emailinginfo@videobankonline.com. ING presentations are
available atSlideShare.

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| 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 |
| |
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ING Profile

ING is a global financial institution with a strong European base, offering
banking services through its operating company ING Bank. The purpose of ING
Bank is empowering people to stay a step ahead in life and in business. ING
Bank's more than 52,000 employees offer retail and wholesale 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 Group shares being included in the FTSE4Good index and in
the Dow Jones Sustainability Index (Europe and World) where ING is among the
leaders in the Banks industry group.

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| Important legal information |
| |
| |
|Certain of the statements contained 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) 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, (5) changes |
|affecting interest rate levels, (6) changes affecting currency exchange |
|rates, (7) changes in investor and customer behaviour, (8) changes in general |
|competitive factors, (9) changes in laws and regulations, (10) changes in the |
|policies of governments and/or regulatory authorities, (11) conclusions with |
|regard to purchase accounting assumptions and methodologies, (12) changes in |
|ownership that could affect the future availability to us of net operating |
|loss, net capital and built-in loss carry forwards, (13) changes in credit |
|ratings, (14) ING's ability to achieve projected operational synergies and |
|(15) the other risks and uncertainties detailed in the most recent annual |
|report of ING Groep N.V. (including the Risk Factors contained therein) and |
|ING's more recent disclosures, including press releases, which are available |
|on www.ING.com. 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 purchase, any securities in the United States or any other |
|jurisdiction. |
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pdf version of press release
http://hugin.info/130668/R/2016952/748229.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ING Group via Globenewswire

HUG#2016952

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