Company: INGVF
Filing Date: 2025-03-18
Form Type: 424B5
Source: 0001193125-25-056511
Chunk: 66

Company: ING GROEP NV
Filing Date: 2025-03-18
Form: 424B5
Chunk 66
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 purchasers that are “accredited                                                                                                                                                
 investors” (as such term is defined in section 1.1 of National Instrument 45-106 Prospectus Exemptions (“NI 45-106”) or, in Ontario, as such                                                                                                         
 term is defined in section 73.3(1) of the Securities Act (Ontario)), that are also “permitted clients” (as such term is defined in section 1.1 of National Instrument 31-103 Registration                                                            
 Requirements, Exemptions and Ongoing Registrant Obligations), that are purchasing as principal, or are deemed to be purchasing as principal in accordance with applicable Canadian securities laws, and that are not a person created or used solely 
 to purchase or hold the notes as an “accredited investor” as described in paragraph (m) of the definition of “accredited investor” in section 1.1 of NI 45-106;                                                                                      |

| (b) | it is either (i) appropriately registered under applicable Canadian securities laws in each relevant                                                                                                                                                
 province or territory to sell and deliver the notes, (ii) such sale and delivery will be made through an affiliate of it that is so registered if the affiliate is registered in a category that permits such sale and has agreed to make such sale 
 and delivery in compliance with the representations, warranties and agreements set out herein, or (iii) it is relying on an exemption from the dealer registration requirements under applicable Canadian securities laws and has complied with the 
 requirements of that exemption; and                                                                                                                                                                                                                 |

| (c) | it has not and will not distribute or deliver any offering memorandum, or any other offering material in                                                                                           
 connection with any offering of the notes, in or to a resident of Canada, other than delivery of this prospectus supplement, and otherwise in compliance with applicable Canadian securities laws. |

Hong Kong Each underwriter has represented and agreed that:

| (a) | it has not offered or sold and will not offer or sell in Hong Kong, by means of any document, any notes other                                                                                                                      
 than (a) to “professional investors” as defined in the Securities and Futures Ordinance (Cap. 571) of Hong Kong (the “SFO”) and any rules made thereunder; or (b) in other circumstances which do not result in the                
 document being a “prospectus” as defined in the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) of Hong Kong (the “C