With respect to ING’s involvement in Botnia’s pulp mill project in Uruguay, we kindly inform you that ING’s advisory and coordinating role in relation to this project has been concluded. In agreement with the project sponsor, ING’s further participation in the process – whereby funds would be made available to the project – is no longer under consideration. Please note that this is the joint decision of parties involved. With regard to concerns expressed by several organizations on ING’s involvement in Botnia’s pulp mill project, this joint decision was not based on the assessment of the project’s compliance with Equator Principles.