1. ING main colour palette 0 102 255 102 0 180 195 225 123 125 124 120 140 200 178 181 180 ING secondary colour palette 255 205 171 81 83 82 211 224 202 210 212 211 200 220 240 162 189 144 Map colours 230 232 242 185 191 219 FillLine Do not put content in the brand signature area Creativity & innovation: an abnormality in the financial sector? Brussels – March 4th, 2009 Presentation for the European Parliament

2. Do not put content in the brand signature area Wholesale Banking can be replaced with business unit Department for Economic and Fiscal Innovations (DEFI) DEFI :R&D department in the bank having for Mission Statement the creation and the commercialisation of new products and solutions answering the clients needs An example of Corporate Entrepreneurship in a bank Source of innovation, transformation and growth by: (1) being a leader in the design, creation and commercialisation of innovative financial & tax engineered products & services for the full- service bank in the Benelux. (2)accelerating profit growth with the DEFI “Cyclone”: Innovation -> Wholesale Banking Clients -> Private Banking -> Wholesale Banking Clients -> Innovation.

3. Do not put content in the brand signature area Wholesale Banking can be replaced with business unit “Innovative Products Incubator” Better knowledge of company’s executives: Efficient networking within the company Private Banking Leads Improved overall relationship (cross-selling) New business leads DEFI’s Cyclone Innovative products

4. Do not put content in the brand signature area Wholesale Banking can be replaced with business unit The TAX SHELTER case The bank objectives were the following: Differentiation from the other competitors Create a cultural visibility for the bank Cross-selling and new profit opportunities Difficulties to face: The bank bureaucratic model: Heavy procedures Lack of commitment in the organisation Inadequacies with the core business strategy

5. Do not put content in the brand signature area Wholesale Banking can be replaced with business unit Page 5 What is the Tax Shelter? It is: A Belgian tax incentive intended to stimulate investments in the audiovisual and cinematographic industries. For? All domestic companies and Belgian establishments of foreign companies. Tax benefit: The tax shelter entitle companies to an immediate exemption of the total profit before tax up to 150% of the amount invested provided that all the legal obligations are met. This exemption is limited to: 50% of total profit before tax during the taxable period And an absolute exemption of EUR 750,000 (= maximum investment of EUR 500,000). Investment: 40% of the investment amount is allocated in the form of a loan, and 60% of the investment amount concerns the acquisition of rights to some of the proceeds coming from the production/exploitation of the audiovisual work (equity).

6. Do not put content in the brand signature area Wholesale Banking can be replaced with business unit Page 6 Tax benefit: The tax shelter entitle companies to an immediate exemption of the total profit before tax up to 150% of the amount invested provided that all the legal obligations are met. This exemption is limited to: 50% of total profit before tax during the taxable period And an absolute exemption of EUR 750,000 (= maximum investment of EUR 500,000). Investment: 40% of the investment amount is allocated in the form of a loan, and 60% of the investment amount concerns the acquisition of rights to some of the proceeds coming from the production/exploitation of the audiovisual work (equity). What is the Tax Shelter?

7. Do not put content in the brand signature area Wholesale Banking can be replaced with business unit Page 7 Tax Shelter Invest: features How much? Minimum investment EUR 50,000 and maximum EUR 500,000 (per EUR 10,000) How? By signing the subscription form attached to the ” Tax Shelter Invest” tripartite agreement The investment is in two parts: Investment (60 – 40) 60% direct investment in “EQUITY” 40% in the form of a loan  The investor can choose between terms of 6, 12 and 18 months  Gross interest: 6.847% (net interest: 4.52%)  Secured by a bank guarantee issued by a BELGIAN Bank.  Entitlement to part of the future income from the film: => for 5 years following the end date of the film  « + » a put option issued by the main producer: => makes it possible to resell the rights at a predetermined price; => that varies depending on the selected term of the investment (return 4.52%): - 10.371% for an investment for 6 months - 11.727% for an investment for 12 months - 13.083% for an investment for 18 months => may be exercised for a period of 12 months starting from repayment of the loan

8. Do not put content in the brand signature area Wholesale Banking can be replaced with business unit Page 8 Tax Shelter Invest: Example YearTax ShelterTaxTotal N + 0 - EUR 500,000 (investment) + EUR 254,925 (Tax benefit: EUR 500,000 x 150% x 33.99%) - EUR 245,075 N + 1 + EUR 267,674 (Loan EUR 200,000, net interest EUR 9,039 and put option EUR 58,635) + EUR 267,674 => Total flows = 4.52% NET / year+ EUR 22,599

9. Do not put content in the brand signature area Wholesale Banking can be replaced with business unit Page 9 Structure of the product What is the role of each of these parties? TAX SHELTER INVEST INVESTOR MAIN PRODUCER TAX SHELTER PRODUCTIONS

10. Do not put content in the brand signature area Wholesale Banking can be replaced with business unit Page 10 Loan + interest: Are covered by a bank guarantee given by the bank to the investor. Equity/Put: Right to a portion of the future proceeds during the next 5 years The guarantee that these rights can be resold at a predetermined price to the Main Producer during the 12 months following repayment of the loan Tax benefit: Observance of legislation concerning the expenses in Belgium (check by TS productions based on internal procedures) “Recognised Belgian audiovisual work” attest (prior check by TS productions) “End of film” attest guaranteed by the producer Tax Shelter Invest: safe investment

11. Do not put content in the brand signature area Wholesale Banking can be replaced with business unit Page 11 Advantages of the investment Financial and tax security: The bank guarantee Tax ruling given by the tax authorities Secured banking product Returns: Net return higher than current market interest rates Product that can deliver a substantial saving in the case of insufficient tax prepayments Flexibility regarding the maturity (6,12 or 18 months). Originality: Cultural product to promote investments in the Belgian audiovisual industry Leading bank thanks to co-operation with Mr. Quinet and Mr. Bouckaert (both chairmen of the professional association of film producers) Simple: One contract Delegation of management and supervision to experts