Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 148

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 148
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 can be no assurance that any such exemptions will be available, or that all of the conditions of any such exemptions will be satisfied, with respect to transactions involving the Securities.

Employee benefit plans that are governmental plans (as defined in Section 3(32) of ERISA), certain church plans (as defined in
Section 3(33) of ERISA) and non-U.S. plans (as described in Section 4(b)(4) of ERISA) (“Non-ERISAArrangements”) are not subject to the
fiduciary standards of ERISA or the prohibited transaction rules of Section 406 of ERISA or Section 4975 of the Code but may be subject to similar provisions under applicable federal, state, local,
non-U.S. or other laws (“Similar Laws”).

Because of the foregoing, any
purchaser or holder of the Securities offered hereby or any interest therein will be deemed to have represented by its purchase and holding of the Securities offered hereby that it either (1) is not a Plan or a
Non-ERISA Arrangement and is not purchasing, holding or converting the Securities offered hereby on behalf of or with the assets of any Plan or Non-ERISA Arrangement or
(2) the purchase, holding, conversion and/or disposition of the Securities offered hereby will not constitute or result in a non-exempt prohibited transaction under ERISA or Section 4975 of the Code
or a violation under any applicable Similar Laws.

S-107

Due to the complexity of these rules and the penalties that may be imposed upon persons
involved in non-exempt prohibited transactions, it is important that fiduciaries or other persons considering purchasing the Securities offered hereby on behalf of or with the assets of any Plan or Non-ERISA Arrangement consult with their counsel regarding the availability of exemptive relief under any of the PTCEs listed above, the service provider exemption or the potential consequences of any purchase or
holding under Similar Laws, as applicable. Purchasers of the Securities offered hereby have exclusive responsibility for ensuring that their purchase, holding, conversion and/or disposition of the Securities offered hereby do not violate the
fiduciary or prohibited transaction rules of ERISA or Section 4975 of the Code or any provisions of Similar Laws. Neither this discussion nor anything in herein is or is intended to be investment advice directed at any potential purchaser that
is a Plan or a Non-ERISA Arrangement, or at such purchasers and holders generally, and such purchasers and holders should consult