Nick Jue to succeed Jan Zegering Hadders as Chairman ING Netherlands

ING announced today that after 21 years with ING, Jan Zegering Hadders, Chairman of ING Netherlands and Head of Clients Wholesale Banking, has decided to retire from the company, effective 1 January 2008. ING has proposed Nick Jue, Chairman of ING Retail Netherlands, to succeed Jan Zegering Hadders in his role as Chairman of ING Netherlands in addition to his current role. Pending regulatory approval, the successor in his role as a member of the board of ING Netherlands will be announced in due course. "It has been an honour and privilege to work for ING and been rewarding to see our organisation grow and succeed. As Chairman of ING Netherlands I have been a strong supporter of combining Postbank, ING Bank and the mid corporate Wholesale Banking business in the Netherlands under one single brand," said Jan Zegering Hadders. I am confident about the bank's bright future and think that now is the right time to transfer my responsibilities to the next generation". "Jan Zegering Hadders has been a very valuable member of ING and I am grateful for his many contributions to our company and his commitment to building ING for the benefit of customers and employees", said Eli Leenaars, member of the Executive Board of ING Group and Chairman of the Supervisory Board of ING Netherlands. "Jan Zegering Hadders has been a great leader in our Wholesale Banking business. Jan's focus truly begins and ends with our customers, and he will leave that important legacy with us", Eric Boyer de la Giroday, member of the Executive Board of ING Group and responsible for Wholesale Banking said. Jan Zegering Hadders joined ING in 1986 as managing director Wholesale Banking of Postbank and took on increasingly senior positions within the bank. Between 1993 and 1999 he headed the corporate communications and strategy department of ING Group. Between 2000 and 2004, he assumed the position of member of the Board of ING Netherlands, responsible for Wholesale Banking. In 2004 he became a member of the Wholesale Banking management team as Head of Clients Wholesale Banking. In January 2005, he was appointed Chairman of ING Netherlands. Press enquiries Nanne Bos ING Group +31 20 5416516 Profile ING ING is a global financial institution of Dutch origin offering banking, insurance and asset management to over 75 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of about 120,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.