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ING Group: ING to redeem USD 500 million 6.2% Perpetual Debt Securities

22:42 ING Group announced today it will redeem USD 500 million of 6.2% Perpetual Debt Securities on the call date being 15 October 2017, in line with INGs goal to continuously optimize its capital structure. The securities (CUSIP 456837400; ISP) will be redeemed in full in accordance with their terms, with payment to be made on 16 October 2017, the first business day after the call date. The redemption price will be USD 25.00 per USD 25.00 principal amount security. Accrued and unpaid interest due on the redemption date will be paid in the usual manner, to holders of record as of 1 October 2017. The paying agent for the securities is The Bank of New York Mellon, 101 Barclay Street, Floor 7E, New York, New York 10286. Any future decisions by ING as to whether it will exercise (or cause to be exercised) calls in respect of debt securities will be made on an economic basis, taking into account the interests of all stakeholders. Other factors that ING will consider include prevailing market conditions, regulatory approval and capital requirements. Note for editors For further information on ING, please visitwww.ing.com. Frequent news updates can be found in theNewsroomor via the@ING_newsTwitter feed. Photos of ING operations, buildings and its executives are available for download atFlickr. Footage (B-roll) of ING is available viaing.yourmediakit.comor can be requested by emailinginfo@yourmediakit.com. ING presentations are available atSlideShare. ----------------------------------------------------------- | Press enquiries Investor enquiries | | Christoph Linke ING Group Investor Relations | |+31 20 576 4315 +31 20 576 6396 | | Christoph.Linke@ing.com Investor.Relations@ing.com | ----------------------------------------------------------- ING PROFILE ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Banks more than 51,000 employees offer retail and wholesale banking services to customers in over 40 countries. ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N). Sustainability forms an integral part of INGs 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 among the leaders in the Banks industry group. IMPORTANT LEGAL INFORMATION -------------------------------------------------------------------------------- | Elements of this press release contain or may contain information about ING | |Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of | |EU Regulation No 596/ 2014. | | | |Projects may be subject to regulatory approvals. | | | |ING Groups annual accounts are prepared in accordance with International | |Financial Reporting Standards as adopted by the European Union (IFRS-EU). | |In preparing the financial information in this document, except as described | |otherwise, the same accounting principles are applied as in the 2016 ING | |Group consolidated annual accounts. All figures in this document are | |unaudited. Small differences are possible in the tables due to rounding. | | | | | | | |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 managements 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 a number of factors, including, without limitation: (1) changes in general | |economic conditions, in particular economic conditions in INGs core markets, | |(2) changes in performance of financial markets, including developing | |markets, (3) potential consequences of European Union countries leaving the | |European Union or a break-up of the euro, (4) changes in the availability of, | |and costs associated with, sources of liquidity such as interbank funding, as | |well as conditions in the credit and capital markets generally, including | |changes in borrower and counterparty creditworthiness, (5) changes affecting | |interest rate levels, (6) changes affecting currency exchange rates, (7) | |changes in investor and customer behaviour, (8) changes in general | |competitive factors, (9) changes in laws and regulations and the | |interpretation and application thereof, (10) geopolitical risks and policies | |and actions of governmental and regulatory authorities, (11) changes in | |standards and interpretations under International Financial Reporting | |Standards (IFRS) and the application thereof, (12) conclusions with regard to | |purchase accounting assumptions and methodologies, and other changes in | |accounting assumptions and methodologies including changes in valuation of | |issued securities and credit market exposure, (13) changes in ownership that | |could affect the future availability to us of net operating loss, net capital | |and built-in loss carry forwards, (14) changes in credit ratings, (15) the | |outcome of current and future legal and regulatory proceedings, (16) INGs | |ability to achieve its strategy, including projected operational synergies | |and cost-saving programmes and (17) the other risks and uncertainties | |detailed in the most recent annual report of ING Groep N.V. (including the | |Risk Factors contained therein) and INGs more recent disclosures, including | |press releases, which are available on www.ING.com. Many of those factors are | |beyond INGs control. | | | |Any forward looking statements made by or on behalf of ING speak only as of | |the date they are made, and 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. | | | |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. | -------------------------------------------------------------------------------- ING to redeem USD 500 million 6.2% Perpetual Debt Securities http://hugin.info/130668/R/2133941/816407.pdf --------------------------------------- This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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: ING Group via Globenewswire © GlobeNewswire

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