ING GROEP : sells 34.5 million Voya shares for total proceeds of USD 1.4 billion

ING Group today announced the pricing for the sale of 34.5 million shares of common stock of Voya Financial Inc. that was announced on 12 November 2014. ING Group has sold approximately 30 million Voya shares at a price of USD 39.15 per share in the public offering. In addition ING Group has sold to Voya approximately 4.5 million shares for an aggregate amount of USD 175 million.

The gross proceeds to ING Group from the public offering and the concurrent repurchase by Voya amount to approximately USD 1.4 billion (approximately EUR 1.1 billion at current exchange rates). The transactions are expected to settle on 18 November 2014. The sale of the total of 34.5 million shares from the combined transactions reduces ING Group's stake in Voya from 32.5% to approximately 19%. As a result of the transactions, ING loses significant influence on Voya and will account for its stake in Voya as an available-for-sale investment going forward. The two remaining ING Group Directors will step down from the Board of Directors of Voya.

The transactions are expected to result in a net profit to ING at closing of approximately EUR 0.4 billion. This broadly reflects the difference between the EUR 2.1 billion book value of our 32.5% investment in Voya (which was fixed at the date of deconsolidation on 25 March 2014) and the market value of this stake of approximately EUR 2.5 billion.

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 jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The registration statement and preliminary prospectus supplement relating to the offering may be obtained by visiting the SEC website at www.sec.gov:
http://www.sec.gov/.

NOTE FOR EDITORS
For further information on ING, please visit www.ing.com:
http://www.ing.com/. Frequent news updates can be found in the Newsroom:
http://www.ing.com/Newsroom.htm or via the @ING_news:
http://www.twitter.com/ing_news twitter feed. Photos of ING operations, buildings and its executives are available for download at Flickr:
http://www.flickr.com/photos/inggroup. Footage (B-roll) of ING is available via videobankonline.com:
http://www.videobankonline.com/, or can be requested by emailing info@videobankonline.com:
mailto:info@videobankonline.com. ING presentations are available at SlideShare:
http://www.slideshare.net/ING/presentations.
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 the Apple Store:
http://itunes.apple.com/us/app/ing-investors-media/id481170140?mt=8 or for Android on Google Play:
https://market.android.com/details?id=com.ing.mediaMobile.

ING PROFILE
ING is a global financial institution of Dutch origin offering banking services through its operating company ING Bank and holding significant stakes in the listed insurers NN Group NV and Voya Financial, Inc. 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.