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Publish Date : 04-Jul-2013

On 19 June 2013, ING announced an offer to the holders of the Government Guaranteed Notes listed in the table below to tender any and all of the outstanding Notes with a total principal amount outstanding of USD 2.25 billion. The offer expired on 28 June 2013 at 5:00 p.m., New York City time.

The aggregate principal amount of the notes validly tendered and accepted for purchase is approximately USD 990 million or 44%, leaving a remaining amount outstanding of approximately USD 1.26 billion. ING Bank will pay a purchase price of USD 1,026.66 per USD 1,000 principal amount of notes validly tendered and accepted for purchase.

In addition to the purchase price, ING Bank will also pay any accrued and unpaid interest on each of the notes purchased pursuant to the offer up to, but excluding, the settlement date which is expected to be on 3 July 2013.

In addition to the cash tender offer in the United States, a cash tender offer has been conducted in Europe with a total principal amount outstanding of EUR 4.0 billion. The pricing and results of this offer will be announced separately. The results of both cash tender offers have no material impact on the results of ING Bank.

The offer was made subject to the terms and conditions set out in the Offer to Purchase dated 19 June 2013. ING Financial Markets LLC and J.P. Morgan Securities LLC are acting as Joint Dealer Managers and D.F. King &Co., Inc. is acting as Tender and Information Agent.

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