Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 79

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 79
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 purpose before distributions to holders of own funds instruments (which, for the avoidance of doubt, excludes any such distributions paid or made on Tier 2 instruments or any such distributions which have already been provided for, by way of deduction, in calculating the amount of Distributable Items), less any losses brought forward, any profits which are non-distributablepursuant to provisions in legislation or the Issuer’s by-lawsand any sums placed to non-distributablereserves in accordance with applicable national law or the statutes of the Issuer, in each case with respect to the specific category of own funds instruments to which legislation or the Issuer’s by-lawsor statutes relate; such profits, losses and reserves being determined on the basis of the individual accounts of the Issuer and not on the basis of the consolidated accounts. S-63

“ Maximum Distributable Amount” means any applicable maximum distributable amount relating to the Issuer required to be calculated in accordance with Article 3:62b(2) of the Dutch Financial Supervision Act (implementing Article 141(2) of the CRD IV Directive), Article 3:62ba(2) of the Dutch Financial Supervision Act (implementing Article 141b(2) of the CRD IV Directive), Article 3A:11b of the Dutch Financial Supervision Act (implementing Article 16a BRRD) or Article 10a of the SRMR, in each case as amended or replaced from time to time or, as the case may be, any provision of applicable law, including the Dutch Financial Supervision Act, transposing or implementing the CRD IV Directive, as amended, supplemented or replaced, and as in force and applicable in The Netherlands from time to time or, as applicable, any analogous restrictions arising from the requirement to meet capital buffers under the Capital Regulations. Agreement to Interest Cancellation By acquiring any Securities, each holder and beneficial owner of a Security or any interest therein acknowledges and agrees that:

| (a) | interest is payable solely at the discretion of the Issuer, and no amount of interest shall become due and                                                                                                                                           
 payable in respect of the relevant Interest Payment Date or related Interest Period or redemption date to the extent that it has been cancelled or deemed cancelled (in whole or in part) by the Issuer in its sole discretion and/or as a result of 
 (i) the Issuer having insufficient Distributable Items, (ii) the relevant interest payment’s causing the Maximum Distributable Amount to