Company: INGVF
Filing Date: 2025-03-18
Form Type: 424B5
Source: 0001193125-25-056511
Chunk: 144

Company: ING GROEP NV
Filing Date: 2025-03-18
Form: 424B5
Chunk 144
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 the trustee with respect to any capital securities, we mean the indenture including any supplemental indenture, and the trustee under that indenture. Agreement and Acknowledgment with Respect to the Exercise of Dutch Bail-inPower With a view to Article 55 of the Directive 2014/59/EU of the European Parliament and of the Council (the “ Bank Recovery and Resolution Directive” or “ BRRD”), we have included the following two paragraphs in the terms of the capital securities:

| (a) | Notwithstanding any other agreements, arrangements or understandings between us and any holder or beneficial                                                                                                                                         
 holder of our capital securities, by acquiring any capital securities, each holder and beneficial owner of a capital security or any interest therein acknowledges, accepts, recognizes, agrees to be bound by, and consents to the exercise of, any 
 Dutch Bail-in Power by the relevant                                                                                                                                                                                                                  |

-52-

| resolution authority that may result in the reduction, cancellation or write-down (whether or not on a permanent basis) of all, or a portion, of the principal amount of, or interest on, the                                                             
 capital securities and/or the conversion of all, or a portion, of the principal amount of, or interest on, the capital securities into shares or other securities or other of our obligations or obligations of another person (whether or not at the     
 point of non-viability and independently of or in combination with a resolution action), including by means of a variation to the terms of the capital securities (which may include amending the interest amount                                         
 or the maturity or interest payment dates, including by suspending payment for a temporary period), or that the debt securities or capital securities must otherwise be applied to absorb losses, or any expropriation of the capital securities, in each 
 case, to give effect to the exercise by the relevant resolution authority of such Dutch Bail-in Power (whether at the point of non-viability or as taken together with a                                                                                  
 resolution action). Each holder and beneficial owner of a capital security or any interest therein further acknowledges and agrees that the rights of the holders and beneficial owners of the capital securities are subject to, and will be varied, if  
 necessary, so as to give effect to, the exercise of any Dutch Bail-in Power by the relevant resolution authority. In addition, by acquiring any capital securities, each holder and beneficial owner of a capital                                         
 security or any interest therein further acknowledges, agrees to be bound by, and consents to the exercise by the relevant resolution authority of, any power to