Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 255

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 255
---
 in the normal course of their business and on terms that are customary in the sector, provide certain other banking and insurance services to members of the Supervisory Board. These services
may include services in which the granting of credit is of a subordinate nature, e.g., credit cards and overdrafts in current accounts. However, as of December 31, 2021, ING and its subsidiaries only provide banking and insurance
products to members of the Supervisory Board in the normal course of their business and on terms that are customary in the sector with due observance of the applicable company policies provided that loans, guarantees and the like are subject to the
approval of the Supervisory Board, which has delegated its approval authority to its Chairperson and the Vice- Chairperson. Supervisory Board approval is not required for banking and insurance products in which the granting of credit is of a
secondary nature, e.g., credit cards and overdrafts in current accounts. Members of the Executive Board are empowered to exercise all the powers of ING Groep N.V. to borrow money on behalf of ING Groep N.V., subject to regulatory restrictions
(if any) and, in the case of the issuance of debt securities, to the approval of the Supervisory Board.

Members of the Supervisory Board
and members of the Executive Board with a conflict of interest may not participate in the decision-making with respect to the matter or transaction to which the conflict of interest relates, and the votes of such members shall not be taken into
account.

The Articles of Association do not contain any age limits for retirement of the members of the Executive Board and members of
the Supervisory Board. The retirement target age for members of the Executive Board under the (Dutch) pension plan is in principle the day that the individual reaches the age of 67.

Members of the Executive Board are appointed by the general meeting for a term of four years and may be reappointed.

Supervisory Board members shall be nominated for appointment for a maximum of four years and may be reappointed once for another four-year
period. Supervisory Board members may be nominated for reappointment for an additional period of two years, which period may subsequently be extended by at most two years. In the event of a reappointment after having served for two terms of four
years or more, reasons must be given in the report of the Supervisory Board. The Supervisory Board may deviate from the above in special circumstances at its discretion.

-66-

Both members of the Executive Board