Common use of Fair Summary Clause in Contracts

Fair Summary. The statements set forth in the Time of Sale Prospectus and the Prospectus under the caption “Description of the ING Perpetual Hybrid Capital Securities” and “Description of Debt Securities We May Offer” insofar as they purport to constitute a summary of the terms of the Securities and the Indenture and under the captions “United States Taxation” and “The Netherlands Taxation,” insofar as they purport to describe the provisions of the laws and documents referred to therein, are accurate in all material respects.

Fair Summary. The statements set forth in the Time of Sale Prospectus and the Prospectus under the caption “"Description of the ING Perpetual Hybrid Capital Debt Securities” " and “"Description of Debt Securities We May Offer” " insofar as they purport to constitute a summary of the terms of the Securities and the Indenture and under the captions “"United States Taxation” " and “"The Netherlands Taxation,” " insofar as they purport to describe the provisions of the laws and documents referred to therein, are accurate in all material respects.