Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 159

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 159
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 indirectly, in Switzerland, except to Professional Investors. Offering or marketing material relating to Securities may not be distributed or otherwise made available in Switzerland, except to Professional Investors. The Securities do not constitute participations in a collective investment scheme within the meaning of the Swiss Collective Investment Schemes Act (“ CISA”). Therefore, the Securities are not subject to the approval of, or supervision by, the Swiss Financial Market Supervisory Authority (“ FINMA”), and investors in the Securities will not benefit from protection under the CISA or supervision by FINMA. Republic of Italy The offering of the Securities has not been registered pursuant to Italian securities legislation and, accordingly, no Securities may be offered, sold or delivered, nor may copies of this prospectus supplement or of any other document relating to the Securities be distributed in the Republic of Italy, except:

| (ii) | in other circumstances which are exempted from the rules on public offerings pursuant to Article 1 of the                 
 Prospectus Regulation, Article 34-ter of Regulation No. 11971, as amended from time to time, and applicable Italian laws. |

Any offer, sale or delivery of the Securities or distribution of copies of this prospectus supplement or any other document relating to the Securities in the Republic of Italy under (i) or (ii) above must:

| (i) | be made by an investment firm, bank or financial intermediary permitted to conduct such activities in the 
 Republic of Italy in accordance with the Financial Services Act, CONSOB Regulation                        |

S-115

| (ii) | in compliance with Article 129 of the Banking Act, as amended from time to time, and the implementing                                                                           
 guidelines of the Bank of Italy, as amended from time to time, pursuant to which the Bank of Italy may request information on the offering or issue of securities in Italy; and |

| (iii) | in compliance with any other applicable laws and regulations, including any limitation or requirement which may 
 be imposed from time to time by CONSOB or the Bank of Italy or other Italian authority.                         |

United Arab Emirates This prospectus supplement and the accompanying prospectus have not been reviewed, approved or licensed by the Central Bank of the United Arab Emirates (the “ UAE”), the Emirates Securities and Commodities Authority (the “ SCA”) or any other relevant licensing authority in the UAE, including any licensing authority incorporated under the laws and regulations of any of the free zones established and operating in the UAE, including, without limitation, the Dubai Financial Services Authority (the “ DFSA