ING Direct 2011 Annual Report Download - page 299

PROPOSED APPROPRIATION OF RESULT
The result is appropriated pursuant to Article 37 of the Articles of Association of ING Groep N.V., the relevant stipulations of which state
that the Executive Board, subject to the approval of the Supervisory Board, determines what part of the result is to be appropriated to
reserves and that the remaining part of the result shall be at the disposal of the General Meeting.
For 2011, the Executive Board, with the approval of the Supervisory Board, has determined to appropriate the entire result to reserves,
so that no dividend will be paid.
In 2011 no interim dividend was paid.
Proposed appropriation of result
Net result 5,766
Addition to reserves pursuant to Article 37 (4)
of the Articles of Association 5,766
At the disposal of the General Meeting of Shareholders pursuant
toArticle 37 (5) of the Articles of Association 0
Dividend of EUR 0.00 per ordinary share
Proposed appropriation of result
amounts in millions of euros, except for amounts per share
1 Who we are 2 Report of the Executive Board 3 Corporate governance 4 Consolidated annual accounts 5 Parent company annual accounts 6 Other information 7 Additional information
297ING Group Annual Report 2011