ING announced today that Jackson Tai will resign from the Supervisory Board of
ING Group. This decision was taken in the context of the proposal by Bank of
China to appoint Jackson Tai as one of its non-executive directors. In order to
avoid any conflicts of interest, Jackson Tai will resign as of today. ING
regrets Jackson Tai's resignation, but wishes him well in his new position.
Jackson Tai was appointed to the Supervisory Board on 22 April 2008. He is
chairman of the Audit Committee, in which position he will be succeeded ad
interim by Jeroen van der Veer, vice-chairman of ING's Supervisory Board.
Press enquiries  Investor enquiries
Raymond Vermeulen  ING Group Investor Relations
+31 20 541 5682 Â +31 20 541 5460
Raymond.vermeulen@ing.com  Investor.relations@ing.com
ING PROFILE
ING is a global financial institution of Dutch origin offering banking,
investments, life insurance and retirement services. As of 30 September 2010,
ING served more than 85 million private, corporate and institutional clients in
more than 40 countries. With a diverse workforce of about 107,000 people, ING is
dedicated to setting the standard in helping our clients manage their financial
future.
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) the implementation of ING's restructuring plan to
separate banking and insurance operations, (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) the frequency and severity of
insured loss events, (6) changes affecting mortality and morbidity levels and
trends, (7) changes affecting persistency levels, (8) changes affecting interest
rate levels, (9) changes affecting currency exchange rates, (10) changes in
general competitive factors, (11) changes in laws and regulations, (12) changes
in the policies of governments and/or regulatory authorities, (13) conclusions
with regard to purchase accounting assumptions and methodologies, (14) changes
in ownership that could affect the future availability to us of net operating
loss, net capital and built-in loss carry forwards, (15) ING's ability to
achieve projected operational synergies, (16) reporting the US Legacy VA
business as a separate business line, and (17) implementation of fair value
accounting for Guaranteed Minimum Withdrawal Benefits for the US insurance
businesses. 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.
pdf version of press release:
http://hugin.info/130668/R/1477401/413321.pdf
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Source: ING Group via Thomson Reuters ONE
[HUG#1477401]
