Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 119

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 119
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 to the Fair Market Value of any such Dividend or entitlement per ordinary share as at the date of the first public 
 announcement relating to such Dividend or entitlement; or                                                                                                                                    |

| (ii) | if the ordinary shares to be issued and delivered do rank for the Dividend (or entitlement) in question, the                                                                                                                                          
 Volume Weighted Average Price on the dates on which the ordinary shares shall have been based on a price ex-Dividend (or ex- any other entitlement) shall, for the                                                                                    
 purposes of this definition, be deemed to be the amount thereof increased by an amount equal to the Fair Market Value of such Dividend or entitlement per ordinary share as at the date of the first public announcement relating to such Dividend or 
 entitlement,                                                                                                                                                                                                                                          |

and provided furtherthat, if on each of the said five dealing days the Volume Weighted Average Price shall have been based on a price cum-Dividend(or cum-any other entitlement) in respect of a Dividend (or other entitlement) which has been declared or announced but the ordinary shares to be issued and delivered do not rank for that Dividend (or other entitlement), the Volume Weighted Average Price on each of such dates shall, for the purposes of this definition, be deemed to be the amount thereof reduced by an amount equal to the Fair Market Value of any such Dividend or entitlement per ordinary share as at the date of first public announcement relating to such Dividend or entitlement, and provided furtherthat, if the Volume Weighted Average Price of an ordinary share is not available on one or more of the said five dealing days (disregarding for this purpose the proviso to the definition of Volume Weighted Average Price), then the average of such Volume Weighted Average Prices which are available in that five-dealing-dayperiod shall be used (subject to a minimum of two such prices) and if only one, or no, such Volume Weighted Average Price is available in the relevant period, the Current Market Price shall be determined in good faith by an Independent Conversion Adviser. A “ dealing day” means a day on which the Relevant Stock Exchange or relevant stock exchange or securities market is open for business and on which ordinary shares, securities, Spin-OffSecurities, options, warrants or other rights (as the case may be) may be dealt in (other than a day on which the Relevant Stock Exchange or relevant stock exchange or securities market is scheduled to or does close prior to its regular weekday closing time). “ Deferred Dividend” means any Cash