Final Terms dated 29 April 2011 ING Belgium International Finance SA. Issue of a minimum of EUR 5,000,000 6 Year Inflation Notes 06/17 due June 2017 issued pursuant to a EUR 10,000,000,000 Issuance Programme The Base Prospectus referred to below (as completed by these Final Terms) has been prepared on the basis that, except as provided in sub-paragraph (ii) below, any offer of Notes in any Member State of the European Economic Area which has implemented the Prospectus Directive (2003/71/EC) (each, a "Relevant Member State") will be made pursuant to an exemption under the Prospectus Directive, as implemented in that Relevant Member State, from the requirement to publish a prospectus for offers of the Notes. Accordingly any person making or intending to make an offer of the Notes may only do so: (i) in circumstances in which no obligation arises for the Issuer or any Dealer to publish a prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in relation to such offer; or (ii) in those Public Offer Jurisdictions mentioned in Paragraph 35 of Part A below, provided such person is one of the persons mentioned in Paragraph 35 of Part A below and that such offer is made during the Offer Period specified for such purpose therein. Neither the Issuer nor any Dealer has authorised, nor do they authorise, the making of any offer of Notes in any other circumstances. PART A – CONTRACTUAL TERMS Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in Chapter 2, Part 1 and Chapter 8, Part 1 of the Base Prospectus dated 5 July 2010 which constitute a base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) (the “Prospectus Directive”). This document constitutes the Final Terms applicable to the issue of Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with such Base Prospectus. Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Base Prospectus. Copies of the Base Prospectus may be obtained from the Issuer. Written or oral requests for such documents should be directed to ING Belgium International Finance S.A. at 52, route d’Esch, L-2965 Luxembourg, Grand Duchy of Luxembourg or to ING Belgium SA/NV, Avenue Marnixlaan 24, B-1000 Brussels, Belgium. The Final Terms and the Base Prospectus will be available for viewing on the website of the Luxembourg Stock Exchange (www.bourse.lu). GENERAL DESCRIPTION OF THE NOTES 1.

Issuer

ING Belgium International Finance S.A.

2.

Guarantor

ING Belgium SA/NV

3.

Series Number:

11030

4.

Specified Currency or Currencies:

EUR

5.

Aggregate Nominal Amount

Minimum EUR 5,000,000 (The Aggregate Nominal Amount will be determined by the Issuer in its sole and absolute discretion, taking the number of allocations into consideration. The Aggregate Nominal Amount shall be announced on www.ingstructuredproducts.be

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on or about 27 May 2011). 6.

Issue Price

101.50 per cent. of the Aggregate Nominal Amount

7.

Offer price, offer period and application process:

The subscription period for the Notes is from (and including) 2 May 2011 (9:00 CET) to (and including) 27 May 2011 (15:00 CET). The Issuer reserves the right to close the subscription period earlier. Investors may subscribe for the Notes through branches of ING Belgium SA/NV. Investors may not be allocated all of the Notes for which they apply. The offering may, at the discretion of the Issuer, be cancelled at any time prior to the Issue Date.

8. 9.

Details of minimum and maximum amount of application:

Not Applicable

(i)

EUR 100

Specified Denominations:

(ii) Calculation Amount:

Not Applicable

Issue Date and Interest Commencement Date:

7 June 2011

11.

Maturity Date:

15 June 2017

12.

Interest Basis:

Floating Rate (further particulars specified in paragraph 19 below).

13.

Redemption/Payment Basis:

Redemption at par

14.

Change of Interest Basis or Redemption/ Payment Basis:

Not Applicable

15.

Put/Call Options:

Not Applicable

16.

Status of the Notes:

Senior

17.

Method of distribution:

Non-syndicated

10.

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE 18.

Fixed Rate Note Provisions:

Not Applicable

19.

Floating Rate Note Provisions

Applicable

(i)

(ii) Business Day Convention:

15 June of each year from (and including) 15 June 2012 to (and including) 15 June 2017, subject to adjustment in accordance with the Business Day Convention specified in paragraph 19 (ii) below. Each Interest Payment Date may be referred to as Interest Payment Datet, where “t” means the number 1 to 6. (e.g. if t=1, Interest Payment Date1 means 15 June 2012). The first coupon shall be a long coupon. Modified Following Business Day Convention (Unadjusted)

(iii) Additional Business Centre(s):

Not Applicable

(iv) Manner in which the Rate of Interest and Interest Amount(s) is/are to be determined:

In respect of each Interest Period, the Interest Amount per Note is determined in accordance with the following formula:

Specified Period(s)/Specified Interest Payment Dates:

Specified Denomination x (MAX [0; Inflation Index] + 0.0075)

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Where: “Inflation Index” means the year on year Index Level published for the month February immediately preceding Interest Payment Datet (a “Determination Date”) For the avoidance of doubt, with respect to Interest Payment Date1, Inflation Index means the Index Level published for the month February 2012. (v) Party responsible for calculating the Rate of Interest and Interest(s) Amount: (vi) Screen Rate Determination:

Calculation Agent Not Applicable

(vii) ISDA Determination:

Not Applicable

(viii) Margin(s):

Not Applicable

(ix) Minimum Rate of Interest:

Not Applicable

(x) Maximum Rate of Interest:

Not Applicable

(xi) Day Count Fraction:

30/360, unadjusted

(xii) Fall back provisions, rounding provisions and any other terms relating to the method of calculating interest on Floating Rate Notes, if different from those set out in the General Conditions: 20.

Zero Coupon Note Provisions:

Not Applicable Not Applicable

21.

Dual Currency Interest Note Provisions:

Not Applicable

PROVISIONS RELATING TO REDEMPTION 22.

Issuer Call:

Not Applicable

23.

Noteholder Put: Final Redemption Amount of each Note:

Not Applicable The Final Redemption Amount shall be an amount per Note equal to the Specified Denomination.

24.

25.

Other: (i) Early Redemption Amount of each Note payable on redemption for taxation reasons or on Issuer event of default and/or the method of calculating the same (if required or if different from that set out in Condition 5(e) of the General Conditions):

Early Redemption Amount to be equal to Fair Market Value as set out in Condition 5(e) of the General Conditions.

(ii) Notice period (if other than as set out in the General Conditions):

As set out in the General Conditions.

(iii) Other (Condition 5(k) of the General Conditions):

Not Applicable

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GENERAL PROVISIONS APPLICABLE TO THE NOTES 26.

Form of Notes: New Global Note:

27.

Additional Financial Centre(s) or other special provisions relating to Payment Days:

For the purposes of the Notes, “Payment Day” means a day on which the TARGET System is open.

Details relating to Partly Paid Notes: amount of each payment comprising the Issue Price and date on which each payment is to be made and consequences of failure to pay, including any right of the Issuer to forfeit the Notes and interest due on late payment:

Not Applicable

28.

29.

30.

Bearer Notes: No Permanent Global Note not exchangeable for Definitive Notes

Details relating to Instalment Notes: (i) Instalment Amount(s):

Not Applicable

(ii) Instalment Date(s):

Not Applicable

Other final terms:

Not Applicable

DISTRIBUTION 31.

If syndicated, names of Managers:

Not Applicable

32.

If non-syndicated, name of relevant Dealer:

Applicable. The Notes are being issued (in)directly by the Issuer to investors and may from time to time be sold via one or more Dealer(s).

33.

Total commission and concession:

34.

Additional selling restrictions:

35.

(i)

Commission of 1.50 per cent. of the Aggregate Nominal Amount. Not Applicable Not Applicable

Simultaneous offer:

(ii) Non-exempt offer:

36.

37.

38.

Process for notification to applicants of amount allotted and indication whether dealing may begin before notification is made:

An offer of Notes may be made by ING Belgium SA/NV other than pursuant to Article 3(2) of the Prospectus Directive in Belgium (“Public Offer Jurisdiction”) during the period from 2 May 2011 (9:00 CET) until 27 May 2011 (15:00 CET) (“Offer Period”). See further paragraph 7. Investors will be notified of the amount of Notes allotted to them either directly by the Issuer or through their financial intermediaries.

FX, BENCHMARK, FX CONVERTIBILITY EVENT, FX TRANSFERABILITY EVENT AND TAX EVENT PROVISIONS Not Applicable (i) FX Provisions: (ii) Benchmark Provisions:

Not Applicable

(iii)FX Convertibility Event Provisions:

Not Applicable

(iv)FX Transferability Event Provisions:

Not Applicable

(v) Tax Event Provisions:

Not Applicable

INFLATION LINKED PROVISIONS Index:

EUR – Excluding Tobacco-Non-revised Consumer Price

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Index (Bloomberg code: CPTFEMUY ) Index Sponsor:

Eurostat

Related Bond:

Not Applicable

Issuer of Related Bond:

Not Applicable

Related Bond Redemption Event:

Not Applicable

Averaging Date:

Not Applicable

Observation Date:

Not Applicable

Expiration Date:

Not Applicable

Strike Date:

Not Applicable

Strike Price:

Not Applicable

Observation Period:

Not Applicable

First Publication:

Not Applicable

Substitute Index Level:

As determined in accordance with Condition 5(l)

Cut-Off Date:

In respect of a Determination Date, the day that is 5 Business Days prior to such Determination Date.

Business Day Convention:

Modified Following Business Day Convention (Unadjusted).

PURPOSE OF FINAL TERMS These Final Terms comprise the final terms required for the issue and public offer in Belgium and listing and admission to trading on the Luxembourg Stock Exchange of the Notes described herein pursuant to the EUR 10,000,000,000 Issuance Programme of ING Belgium International Finance S.A. RESPONSIBILITY The Issuer accepts responsibility for the information contained in these Final Terms. To the best of the knowledge and belief of the Issuer (having taken all reasonable care to ensure that such is the case) the information contained in these Final Terms is in accordance with the facts and does not omit anything likely to affect the import of such information.

Signed on behalf of the Issuer:

By:

……………………………

By:

Duly authorised

…………………………… Duly authorised

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PART B – OTHER INFORMATION 1. (i)

LISTING AND ADMISSION TO TRADING Listing:

(ii) Admission to trading:

(iii)

2.

Estimate of total expenses related to admission to trading:

The Official List of the Luxembourg Stock Exchange Application has been made for the Notes to be admitted to trading on the Luxembourg Stock Exchange with effect from the Issue Date. EUR 2,540

RATINGS

Ratings:

The Issuer has not been assigned any rating. Neither the Programme nor the issue of this Tranche of Notes has been rated. The Guarantor is assigned the following short-term debt and long-term debt ratings: Standard and Poor’s: A-1 / A+; Moody’s: P-1 / Aa3 and Fitch: F1+ / A+.

3.

NOTIFICATION

The Luxembourg Authority (the Commission de Surveillance du Secteur Financier (“CSSF”) has provided the Banking, Finance and Insurance Commission, the competent authorities of Belgium, with a certificate of approval attesting that the Base Prospectus has been drawn up in accordance with the Prospectus Directive. Notwithstanding the foregoing, no offer of Notes to the public may be made in any Relevant Member State which requires the Issuer to undertake any action in addition to the filing of the Final Terms with the CSSF unless and until the Issuer advises such action has been taken. 4.

INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER

Save as discussed in “Subscription and Sale” in Chapter 1 of the Base Prospectus in respect of any appointed Dealer, so far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer. 5.

REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES

(i) Reasons for the offer:

See “Use of Proceeds” wording in Chapter 1 of the Base Prospectus.

(ii) Estimated net proceeds:

The net proceeds of the offer will be equal to the aggregate nominal amount of the issue times the Issue Price less any commissions, fees and costs and expenses.

(iii) Estimated total expenses:

The costs and expenses of the offer amount to approximately EUR 4,600.

6.

INFORMATION CONCERNING THE UNDERLYING

The return on the Notes is linked to the performance of the underlying Index. The levels of the Index may go down as well as up throughout the life of the Notes. Fluctuations in the levels of the Index will affect the value of and return on the Notes.

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Information and details of the past and further performance of the underlying Index and its volatility can be obtained on www.sdw.ecb.europa.eu and Bloomberg (Bloomberg code: CPTFEMUY ). 7.

RESULTS OF THE OFFER

Results of the offer will be published by the Issuer on the website www.ingstructuredproducts.be upon closing of the subscription period (which is expected to be 27 May 2011, although the Issuer reserves the right to close the subscription period earlier).

8.

POST-ISSUANCE INFORMATION

Post-issuance information in relation to the Notes will be made available on www.ingstructuredproducts.be. There is no assurance that the Issuer will continue to provide such information for the life of the Notes. 9.

OPERATIONAL INFORMATION

(i)

Intended to be held in a manner which would allow Eurosystem eligibility:

No

(ii)

ISIN CODE:

XS0622544590

(iii)

Common Code:

062254459

(iv)

Other relevant code:

Not Applicable

(v)

Clearing system(s):

Euroclear Bank S.A./N.V. and Clearstream Banking, société anonyme

(vi)

Delivery

Delivery against payment

(vii)

Names and addresses of additional Paying Agent(s) (if any):

Not Applicable

(viii) Name and address of Calculation Agent:

ING Belgium SA/NV, 24 avenue Marnixlaan, B-1000 Brussels

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