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2015-10-06

NN Group NV: NN Group EGM appoints new Supervisory Board members

Today, the Extraordinary General Meeting of NN Group N.V. has appointed Hélène Vletter-van Dort, Dick Harryvan and Robert Jenkins as new members of NN Group's Supervisory Board.
The appointment of Hélène Vletter-van Dort to NN Group's Supervisory Board is
effective as of today as ING Group's shareholding in NN Group has dropped
below 35% following ING's recent sell-down, which was settled on 5 October
2015. As a consequence, ING nominee Ralph Hamers steps down from the
Supervisory Board of NN Group, effective today.

Jan Holsboer, Chairman of the Supervisory Board of NN Group: "I would like to
thank Ralph Hamers for his valuable contribution as a member of the
Supervisory Board during the transition phase of NN Group becoming a
stand-alone company".

The appointments of Dick Harryvan and Robert Jenkins have been made in
anticipation of a further reduction of ING Group's shareholding in NN Group.
These two appointments will become effective when ING Group's shareholding in
NN Group drops below 15%.

ING has previously announced that it intends to divest its remaining
shareholding in NN Group over time in line with its strategy to divest all of
its insurance and investment management businesses as part of the
restructuring agreement with the European Commission, ultimately by the end
of 2016. ING Group's current stake in NN Group is 25.8% of outstanding shares
(net of treasury shares).

The appointments of Hélène Vletter-van Dort, Dick Harryvan and Robert Jenkins
as members of NN Group's Supervisory Board have been approved by the Dutch
Central Bank (DNB). The appointment of Hélène Vletter-van Dort has been
recommended by the works council of NN Group.

Hélène Vletter-van Dort will be a member of the Audit Committee and Nomination
and Corporate Governance Committee of the Supervisory Board.

Hélène Vletter-van Dort

Hélène Vletter-van Dort (50, Dutch) is a professor of financial law,
governance and securities law, as well as an advisor to the boards of various
companies, including companies in the financial sector. She currently holds
several teaching and research positions, including as a professor at the
Erasmus School of Law, the New York University and the University of
Groningen. She is also a member of the Dutch Corporate Governance Code
Monitoring Committee and chairperson of the board of Intertrust Investmentco
B.V. Former positions include member of the supervisory board of the Dutch
Central Bank, member of the board of the Netherlands Association of
Securities Holders (VEB) and judge at the Enterprise Chamber of the Amsterdam
Court of Appeal.

Dick Harryvan

Dick Harryvan (62, Dutch) currently holds several non-executive positions,
including member of the advisory board of Gulf Bank and of OMFIF (an
independent research group), member of the supervisory board of ANWB B.V. and
of ING DiBa, and partner at FinTech fund Orange Growth Capital. Dick Harryvan
is a former member of the executive board of ING Group and former chief
executive officer of ING Direct. Other former positions include co-chairman
of the International Academy of Retail Banking and non-executive director of
Voya Financial Inc. Dick Harryvan has an extensive background in the
international insurance sector with several functions held at
Nationale-Nederlanden, The Halifax Insurance Companies and Peerless Insurance
Co.

Robert Jenkins

Robert Jenkins (64, US citizen) has an extensive background in asset
management. He started his career in the Citigroup trading and sales
organisation, where he held several positions in various countries. After
Citigroup, he joined Credit Suisse and then F&C Asset Management. He also
held the position of CEO F&C Group. Most recently, he was an external member
of the interim Financial Policy Committee (FPC) at the Bank of England.
Robert Jenkins is currently adjunct professor of Finance and chairman of the
AQR Asset Management Institute at London Business School and he regularly
contributes to the Financial Times.

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| Press enquiries Investor enquiries |
| |
|Manel Vrijenhoek Investor Relations |
|+31 (0)6 5787 5065 +31 (0)88 663 5464 |
|manel.vrijenhoek@nn-group.com investor.relations@nn-group.com |
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NN Group profile

NN Group is an international insurance and investment management company,
active in more than 18 countries, with a strong presence in a number of
European countries and Japan. With around 12,000 employees the group offers
retirement services, insurance, investments and banking to more than 15
million customers. NN Group includes Nationale-Nederlanden, NN (formerly
known as ING Insurance) and NN Investment Partners (formerly known as ING
Investment Management). NN Group is listed on Euronext Amsterdam (NN).

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 NN Group'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 the EC Restructuring Plan, (5) changes in the availability
of, and costs associated with, sources of liquidity as well as conditions in
the credit markets generally, (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 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
and financial strength ratings, (18) NN Group's ability to achieve projected
operational synergies and (19) the other risks and uncertainties contained in
recent public disclosures made by NN Group and/or related to NN Group.
Any forward-looking statements made by or on behalf of NN Group speak only as
of the date they are made, and, NN Group 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. The securities of NN Group have
not been and will not be registered under the U.S. Securities Act of 1933, as
amended (the "Securities Act"), and may not be offered or sold within the
United States absent registration or an applicable exemption from the
registration requirements of the Securities Act.

NN Group EGM appoints new Supervisory Board members
http://hugin.info/160538/R/1957066/712952.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: NN Group NV via Globenewswire

HUG#1957066

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