Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 8

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 8
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 with respect to the exercise of any Dutch Bail-in Power by the relevant resolution authority. Notwithstanding the foregoing, if, following the completion of the exercise of a Dutch Bail-in Power by the relevant resolution authority, the Securities remain outstanding (for example, if the exercise of a Dutch Bail-in Power results in only a partial 
 conversion and/or partial write-down of the principal amount 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; and                                                                                                                                                                                                                                                                              |

| • |     | that such holder or beneficial owner shall be deemed to have (i) consented to the exercise of any Dutch Bail-in Power 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 Securities and 
 (ii) authorized, directed and requested DTC and any direct participant in DTC or other intermediary through which it holds such Securities to take any and all necessary action, if required, to implement (x) the Conversion and (y) the                                                                           
 exercise of any Dutch Bail-in Power with respect to the Securities as it may be exercised, without any further action or direction on the part of such holder or such beneficial owner.                                                                                                                             |

In addition, the exercise of any Dutch Bail-inPower by the relevant resolution authority may require interests in the Securities and/or other actions implementing any Dutch Bail-inPower to be held or taken, as the case may be, through clearing systems, intermediaries or persons other than DTC. Additional Agreements By acquiring any Securities, each holder or beneficial owner of a Security or any interest therein, including any person acquiring any such Security or interest therein after the date hereof, acknowledges and agrees to all of the terms and conditions of the Securities and, without limitation, acknowledges and agrees, with and for the benefit of the Issuer and the trustee, as follows: Conversion Upon Trigger Event Such holder or beneficial owner consents to the Conversion of its Securities following a Trigger Event and consents to the appointment of the Conversion Shares Depository and the issuance of the Conversion Shares to the Conversion Shares Depository, all of which may occur without any further action S-2

on the part of such holder or beneficial owner or the trustee. To the extent the Securities are held in the form of global securities, such holder or beneficial owner authorizes, directs