Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 156

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 156
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 solely to purchase or hold the Securities 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 Securities, (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 Securities, 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 Securities                                                                                                                      
 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(WUMP)O”) or which do not constitute an offer to the public within the meaning of 
 that Ordinance the C(WUMP)O; and                                                                                                                                                                                                  |

S-113

| b) | it has not issued or had in its possession for the purposes of issue, and will not issue or have in its                                                                                                                                                
 possession for the purposes of issue, whether in Hong Kong or elsewhere, any advertisement, invitation or document relating to the Securities, which is directed at, or the contents of which are likely to be accessed or read by, the public of Hong 
 Kong (except if permitted to do so under the securities laws of Hong Kong) other than with respect to Securities which are or are intended to be disposed of only to persons outside