ING GroepNV said the conversion of its depositary receipts for shares intothe company's ordinary shares will take place July 26, when investors willreceive one share in exchange for each depositary receipt that they own.

This marks the final step in the group's existingdepositary receipt structure.

The related changes to ING's articles of association,including the reduction of the nominal value of its shares to 1 cent each from24 cents, will also be implemented the same day. The last day of trading in thedepositary receipts will be July 21.

After conversion, ING's American depositary receipts willautomatically link to the underlying shares.