0001156973-03-000435 Sample Contracts

Executive Board Date Between
Ing Groep Nv • March 27th, 2003 • Life insurance

— Whereas an agreement will be entered into between ING Bank N.V. and Michel Tilmant becoming effective as of July 1st, 1999, hereinafter referred to as “arbeidsovereenkomst”,

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EMPLOYMENT CONTRACT
Stock Appreciation Right Agreement • March 27th, 2003 • Ing Groep Nv • Life insurance

Major Reorganisation This will be deemed to occur when the working conditions of Mr. Hubbell, as a result of merger, major reorganisation or a similar, external circumstance, have been altered to such an extent that he can in all reasonableness not be required to continue to perform its duties to and for ING.

EMPLOYMENT CONTRACT
Employment Contract • March 27th, 2003 • Ing Groep Nv • Life insurance
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