Company: INGVF
Filing Date: 2025-03-18
Form Type: 424B5
Source: 0001193125-25-056511
Chunk: 157

Company: ING GROEP NV
Filing Date: 2025-03-18
Form: 424B5
Chunk 157
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 an event of default if the requirements for giving us default notice or our default having to exist for a specific period of time were disregarded. |

If the conditions described above are satisfied with respect to the capital securities of any series, we will not need to obtain the approval of the holders of those capital securities in order to merge or consolidate or to sell our assets. Also, these conditions will apply only if we wish to merge or consolidate with another entity or sell our assets substantially as an entirety to another entity. We will not need to satisfy these conditions if we enter into other types of transactions, including any transaction in which we acquire the stock or assets of another entity, any transaction that involves a change of control of ING Groep N.V. but in which we do not merge or consolidate, and any transaction in which we sell less than substantially all our assets. Also, if we merge, consolidate or sell our assets substantially in their entirety, neither we nor any successor would have any obligation to compensate you for any resulting adverse tax consequences relating to your capital securities. Modifications of the Capital Securities Indenture There are four types of changes we can make to a particular indenture and the capital securities issued thereunder. Changes Requiring Each Holder’s Approval First, there are changes that we or the trustee cannot make without the approval of each holder of a capital security affected by the change under capital securities indenture. We cannot:

| · |     | change the stated maturity, if any, for any principal or interest payment on a capital security; |

| · |     | reduce the principal amount, the amount payable on acceleration of the maturity after an event of default, the interest rate or the redemption price for a 
 capital security;                                                                                                                                          |

| · |     | permit redemption of a capital security if not previously permitted; |

| · |     | impair any right a holder may have to require repayment; |

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| · |     | change the currency of any payment on a capital security other than as permitted by the capital security; |

| · |     | change the place of payment on a capital security, if it is in non-global form; |

| · |     | impair a holder’s right to sue for payment of any amount due on its capital security; |

| · |     | reduce the percentage in principal amount of the capital securities and any other affected series of capital securities, taken together, the approval of whose 
 holders is needed to change the indenture or the capital securities;                                                                                           |

| · |