ING announced today that in light of the verdict of the World Motor
Sport Council of 21 September 2009 concerning the events that
occurred at the 2008 Singapore Grand Prix, ING will terminate the
contract with Renault Formula 1 with immediate effect.
ING is deeply disappointed at this turn of events, especially in the
context of an otherwise successful sponsorship. As announced on 16
February of this year, ING decided not to renew the three year
sponsorship (2007-2009) contract with Renault F1 and to end its
presence in Formula 1 after the 2009 season.
Press enquiries
Anneloes Geldermans
+31 20 541 6526
anneloes.geldermans@ing.com
ING Profile
ING is a global financial institution of Dutch origin offering
banking, investments, life insurance and retirement services to over
85 million private, corporate and institutional clients in more than
40 countries. With a diverse workforce of about 110,000 people, ING
is dedicated to setting the standard in helping our clients manage
their financial future.
Important legal information
Certain of the statements contained herein 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) performance of financial markets, including emerging markets,
(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,
(x) changes in the policies of governments and/or regulatory
authorities, (XI) conclusions with regard to purchase accounting
assumptions and methodologies, (XII) ING's ability to achieve
projected operational synergies. ING assumes no obligation to update
any forward-looking information contained in this document.
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
http://hugin.info/130668/R/1343574/321860.pdf
http://www.ing.com
Copyright © Hugin AS 2009. All rights reserved.