• SULASAPAR shareholders signed an agreement to acquire 100% of ING’s shares in SULASAPAR

• In connection with the above mentioned transaction, the Larragoiti family and ING signed an agreement to sell a portion of their SulAmérica UNITs to Swiss Re, representing 14.9% of SulAmérica

– The Larragoiti family sold 13.1 million UNITs and ING sold 37.6 million UNITs representing 3.8% and 11.1% respectively of SulAmerica

• Upon approval of the transactions:

– The Larragoiti Family retained control of the Company and raised their stake in SulAmérica from 24.8% to 28.1%

– ING reduced its stake in SulAmérica from 28.2% to 10.0% and will remain with one board seat

 ING’s stake will consist only of SulAmérica UNITs

– Swiss Re became a minority shareholder with 14.9% of the Company and is now entitled to one board seat

• This transaction is part of the ING Group restructuring plan for the divestment of all its Insurance and Investment Management operations as agreed upon with the European Commission in exchange for the public financing of €10 billion during the financial crisis in 2008

• SulAmérica is the largest independent insurance group in Brazil, with operations in diverse insurance lines. Its business lines are supported by diversified distribution capabilities that includes a network of more than 30,000 independent insurance brokers. SulAmérica also has partnerships with more than 20 financial- and retail institutions, adding a further 16,000 points of sale

• ING is a major Dutch financial institution with presence in over 40 countries

• Swiss Re Group is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer