Company: INGVF
Filing Date: 2025-04-24
Form Type: F-3ASR
Source: 0001193125-25-093692
Chunk: 102

Company: ING GROEP NV
Filing Date: 2025-04-24
Form: F-3ASR
Chunk 102
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 prescribed in the authorization. For the ordinary shares, the authorization currently in force stipulates a minimum price of one eurocent and a maximum price equal to 110% of the opening stock price on the Amsterdam stock exchange on the date on which the purchase agreement is concluded or on the preceding day of stock market trading. Share Buyback Program On October 31, 2024, ING commenced a €2,000 million share buyback program and expects it to be completed before April 30, 2025. As of April 17, 2025 a total of 114,366,879 shares have been repurchased at an average price of €15.73 per share and for a total consideration of €1,798 million. ING intends to cancel these shares in June 2025. The total amount of the share buyback program of €2,000 million is already deducted from total equity as of December 31, 2024. On March 3, 2025, ING announced a share repurchase program which was completed on March 5, 2025. In total 3,674,043 shares have been repurchased at an average price of €17.44 per share and for a total consideration of €64 million. The purpose of the share repurchase program is to meet obligations under ING’s share-based compensation plans. -71-

Special rights of control

No special rights of control referred to in Article 10 of the directive of the European Parliament and the Council on takeover bids
(2004/25/EC) are attached to any share.

Obligations of shareholders to disclose holdings

Pursuant to Section 5.3 of the Dutch Financial Supervision Act (“Major Holdings Rules”), any person who, directly or
indirectly, acquires or disposes of an interest in the voting rights and/or the capital of (in short) a public limited company incorporated under the laws of The Netherlands with an official listing on a stock exchange within the European Economic
Area, as a result of which acquisition or disposal the percentage of voting rights or capital interest, whether through ownership of ordinary shares, ADSs or any other financial instrument, whether stock-settled or cash-settled, such as call or put
options, warrants, swaps or any other similar contract, reaches, exceeds or falls below 3%, 5%, 10%, 15%, 20%, 25%, 30%, 40%, 50%, 60%, 75