Press Release

ING's Hong Kong and Macau Insurance and
Pension Operations Remain Healthy and Unaffected

With regard to the announcement of ING Group on the agreements reached with the Dutch government to issue core capital securities to the Dutch state, and the sale of Taiwan life insurance business to Fubon Financial Holding Co. Ltd., ING Life Hong Kong & Macau have the following response to the related issues.

Agreement with the Dutch government to issue core capital securities to the Dutch state

This transaction will give the Group an additional EUR 10 billion of capital, which will not dilute our existing shareholder base while providing additional security to our 85 million customers. As a result of the capital injection, ING is in fact even better equipped than ever to maintain the trust of our customers during these challenging times and to continue helping them achieve their financial goals.

In line with the Group, which is fundamentally a healthy company with a sound business model, both our Hong Kong and Macau insurance and pension operations have strong financial and capital positions to remain a safe haven for our customers.

Agreement with Fubon Financial Holding to sell ING's Taiwanese Life Insurance busines

The Group’s transaction with Fubon Financial has no impact on ING Hong Kong and Macau’s insurance and pension businesses, which are totally independent in operations.

We would like to reassure customers that our business is financially healthy and robust with 120% growth in APE recorded for the first nine months compared to last year and 17% growth in agency number. The interests of our policyholders and scheme members are not affected by the news from Taiwan.

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