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Arts & Culture; A Unique Sellingpoint drs Annabelle Birnie 2012 ING Art Management 24 October

ING Art Management In house specialists • Modern and Contemporary Art • Investment in Art Annabelle Birnie Director Corporate Sponsoring, Art & Events Certified Valuer Modern and Contemporary Art • Art Funds • Fiscal & Legal Aspects of Collecting • State acknowledged Valuations and Appraisals • Insurance 3

ING Collection; Why? • Enjoyment • Decoration • Cultural stimulus • Education • Public Relations • Responsibility to society • A Unique Sellingpoint Matthijs Röling (1943) De vier jaargetijden 1975/1976 oil on canvas 91 x 80 cm 4

ING Collection: Focus Contemporary Paintings Prints Sculptures 5 Photography

Art Management activities • • • ING Collection Decoration ING Offices Exhibitions Art Projects Arts & Culture sponsoring Corporate responsibility Symposia, conferences & events Publication and advertising Guided tours for clients and prospects Charity Art Management Services 6

Decoration ING Offices Art in the Office “What art offers is space a certain breathing room for the spirit” 7

ING Exhibitions 2011 -2012 Art Space to be determined, November 2011, Seoul, Korea Drents Museum Assen, Opening exhibition Tang November- December 2011 Museum Henriette Polak, Oktober–December 2011, The Netherlands, Zutphen University Museum, Seoul Korea, Spring 2012 Museum of Modern Art, Autumn 2012 Sao Paulo, Brazil More information about activities concerning the ING Collection: www. ingartcollection. com www. artmanagement. intranet 8

Sponsorship Arts & Culture (selection) • Rijksmuseum Amsterdam • Moma New York • Carré theatre • Royal Concertgebouw Orchestra • TEFAF; The European Fine Art Fair 9

Corporate Responsiblity through Art & Culture • Chances for Children (e. Bay, calender, christmas card) • Auctions (tours, artworks) • Jury’s and fundraisers • Donation of 273 artworks to Drents Museum Assen • Donation of 2500 artworks to 64 healthcare institutions in the Netherlands 10

Art Symposia, conferences and events - Artists and entrepeneurship, - Great Expectations Art & Opportunities in the United Arab Emirates, ING House - Social Media, ING House 11

Publications and advertising • Catalogues and books • Calendar, art diaries • Articles in magazines & newspapers • Promotional movies 12

Guided tours for clients and prospects > At various Art Museums > In our own offices 13

Sharing Knowledge and advise • ING Art Management advises customers and prospects of ING on collecting art • Art Management Services is developed in cooperation with ING Private Banking Jonathan Lasker (1948), Real imaginary, 1994, oil on canvas, 163 x 213 cm. 14

The Art Market • Primairy market • Starting and unknown artists • Small galleries • Local art markets • Secundairy market • Renowned artists • Private and museum collections • Known galleries and auctionhouses • Tertiairy market • • International renowned artists publications International collections International auctionhouses 15

The Art Market • Hype art market because of art investment funds • Decreased sales value in art of 30 -40% in 2009 vs. August 2008 • Worldwide turnover in Art in 2009 decreased from $42 to $30 billion • Fast market recovery in 20102012 • An art work can never go bankrupt Source: Art Market Trends 2011 16

Art Investment; general remarks • Buy countercyclical • Spread risks • Long term • Expertise • Do not buy emotional Chávez Morado José (1909 -2002) El adobera, 1980 Oil on canvas, 99 x 118 cm ING Mexico 17

Arts & Culture; A Unique Sellingpoint • You can only be Unique if you know what others are doing • Your branding Strategy or Company- Private Image is leading • Arts & Culture builds bridges across cultures • Arts & Culture make us look at the world differently • Arts & Culture address sensitive topics • Artists cannot be influenced by business people in the creativity process • Arts & Culture are non- profit • Arts & Culture connect • Your effort makes or brakes the success Jan van Munster, Ich im Dialog I, 2005, Unna Germany 18

Disclaimer Certain of the statements contained in this release are statements of future expectations and other forward-looking statements. These expectations are based on management’s current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those in such statements due to, among other things, (i) general economic conditions, in particular economic conditions in ING’s core markets, (ii) 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, (iii) the frequency and severity of insured loss events, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) interest rate levels, (vii) currency exchange rates, (viii) general competitive factors, (ix) changes in laws and regulations, and (x) changes in the policies of governments and/or regulatory authorities. ING assumes no obligation to update any forward-looking information contained in this document. 20

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