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ING Group: ING Group to issue USD denominated Additional Tier 1 securities

Not for release, publication or distribution, in whole or in part, in or into
or from Japan, Australia or any other jurisdiction where to do so would
constitute a violation of the relevant laws or regulations of such

ING Group intends to issue securities that qualify as Additional Tier 1
capital under CRD IV / CRR. The intended issuance is expected to further
strengthen ING's capital base.

The intended issuance will be in the form of USD denominated Perpetual
Additional Tier 1 Contingent Convertible Capital Securities. The securities
will be subject to full conversion into ordinary shares of ING Group in the
event ING Group's phased-in CET 1 ratio would fall below 7.0%.

Over the coming week, ING will conduct an investor roadshow for the intended
offering. The corresponding investor presentation is available
The offer price, initial coupon and final amount of securities sold will be
determined at the conclusion of the offering process and will be announced in
a separate press release.

In connection with the offering, ING has filed a registration statement on
Form F-3 with the U.S. Securities and Exchange Commission (SEC) which became
effective upon filing. ING will file a prospectus supplement in respect of
the Additional Tier 1 securities shortly.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any
state in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.
The registration statement relating to the offering may be obtained by
visiting the SEC website


For further information on ING, please 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 (B-roll) of ING is available, or
can be requested by ING presentations are
available atSlideShare.

For convenient access to the latest financial information and press releases
both online and offline, download the ING Group Investor Relations and Media
app for iOs on theApple Storeor for Android onGoogle Play.

| Press enquiries Investor enquiries |
| Raymond Vermeulen ING Group Investor Relations |
|+31 20 576 6369 +31 20 576 6396 |
| |

ING is a global financial institution with a strong European base, offering
banking services through its operating company ING Bank and holding a
significant stake in the listed insurer NN Group NV. 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 Group shares being included in the FTSE4Good index and in
the Dow Jones Sustainability Index (Europe and World) where ING is the
industry leader in the diversified financials group.

| |
|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. |
| |
| |
| |
|The securities referred to in this press release are not intended to be sold |
|and should not be sold to retail clients in the European Economic Area, as |
|defined in the rules set out in the Temporary Marketing Restriction |
|(Contingent Convertible Securities) Instrument 2014 (as amended or replaced |
|from time to time) other than in circumstances that do not and will not give |
|rise to a contravention of those rules by any person. |
| |
| |
| |
|Notice to U.S. persons |
|: ING has filed a registration statement (including a prospectus) on Form F-3 |
|(File No. 333-202880) and will file a preliminary prospectus supplement with |
|the SEC (the "Preliminary Prospectus Supplement") for the offering of |
|securities to which this press release relates. Before investing in such |
|securities, investors should read the prospectus in that registration |
|statement, the Preliminary Prospectus Supplement relating to the offering of |
|the securities (when filed) and other documents that ING may file with the |
|SEC. You may get these documents for free by searching the SEC online |
|database (EDGAR®) at Alternatively, you may obtain a copy of the |
|prospectus and Preliminary Prospectus Supplement (when available) by calling |
|Citigroup Global Markets Inc. toll-free at 1-800-831-9146, ING Financial |
|Markets LLC toll-free at 1-877-446-4930, J.P. Morgan Securities LLC collect |
|at 1-212-834-4533 and UBS Securities LLC toll-free at 1-888-827-7275. |
Notice to persons in The Netherlands
: The securities referred to in this press release may only be offered in The
Netherlands to qualified investors as defined in the Dutch Financial Markets
Supervision Act (Wet op het financieel toezicht

Other Jurisdictions Outside the United States
: No action may be taken in any jurisdiction other than the United States
that would permit a public offering of the securities referred to in this
press release or the possession, circulation or distribution of this document
or the Preliminary Prospectus Supplement in any jurisdiction where action for
that purpose is required. Accordingly, such securities may not be offered or
sold, directly or indirectly, and neither this document, the Preliminary
Prospectus Supplement nor any other offering material or advertisements in
connection with such securities may be distributed or published in or from
any country or jurisdiction, except under circumstances that will result in
compliance with any applicable rules and regulations of any such country or

PDF version of press release


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


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