Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 85

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 85
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 Case of Default) of the Trust Indenture Act. By acquiring any Securities, each holder and beneficial owner of a Security or any interest therein acknowledges and agrees that, upon the exercise of any Dutch Bail-inPower by the relevant resolution authority, (a) the trustee shall not be required to take any further directions from holders of the Securities under Section 5.12 ( Control by Holders) of the Indenture and (b) the Indenture shall impose no duties upon the trustee whatsoever with respect to the exercise of any Dutch Bail-inPower by the relevant resolution authority. If holders or beneficial owners of the Securities have given a direction to the trustee pursuant to Section 5.12 of the Indenture prior to the exercise of any Dutch Bail-inPower by the relevant resolution authority, such direction shall cease to be of further effect upon such exercise of any Dutch Bail-inPower and shall become null and void at such time. Notwithstanding the foregoing, if, following the completion of the exercise of a Dutch Bail-inPower by the relevant resolution authority, the Securities remain outstanding (for example, if the exercise of a Dutch Bail-inPower results in only a partial conversion and/or partial write-down of the principal of the Securities), then the trustee’s duties under the Indenture shall remain applicable with respect to the Securities following such completion to the extent that the Issuer and the trustee shall agree by means of a supplemental indenture or amendment. S-67

By acquiring any of the Securities, each holder of the Securities shall be deemed to have (a) consented to the exercise of any Dutch Bail-inPower as it may be exercised with respect to the Securities without any prior notice by the relevant resolution authority of its decision to exercise such power with respect to the relevant Securities and (b) authorized, directed and requested DTC and any direct participant in DTC or other intermediary through which it holds the relevant Securities to take any and all necessary action, if required, to implement the exercise of any Dutch Bail-inPower with respect to the relevant Securities as it may be exercised, without any further action or direction on the part of such holder or the trustee. Under the terms of the Securities, the exercise of the Dutch Bail-inPower by the relevant resolution authority with respect to the relevant Securities will not be an Event of Default (as defined in the Indenture) under the Indenture or the Securities. Payment of Additional Amounts Payment of “ Additional Amounts” as defined in the accompanying prospectus, if any, shall be