Company: INGVF
Filing Date: 2025-03-20
Form Type: 424B5
Source: 0001193125-25-058308
Chunk: 124

Company: ING GROEP NV
Filing Date: 2025-03-20
Form: 424B5
Chunk 124
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 legal action or take other steps to enforce your rights or protect your interests relating to the debt securities, all of the following must occur:

| · |     | the holder must give the trustee a written notice that a default has occurred and remains uncured; |

| · |     | the holders of 25% in outstanding principal amount of the debt securities must make a written request that the trustee take action because of the default; |

| · |     | such holder must offer indemnity satisfactory to the trustee in its sole discretion against the cost and other liabilities of taking that action; |

| · |     | the trustee must not have taken action for 60 days after receipt of the above notice and offer of security or indemnity; and |

| · |     | the trustee must not have received an inconsistent direction from the majority in principal amount of the debt securities during that period. |

Notwithstanding any contrary provisions, nothing shall impair the right of a holder of the debt securities under the Trust Indenture Act, absent such holder’s consent, to sue for any payments due but unpaid with respect to the debt securities. Modifications of the Indentures There are four types of changes we can make to a particular indenture and the debt securities issued thereunder. -38-

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 debt security affected by the change under a particular indenture. We cannot:

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

| · |     | change our obligation to pay additional amounts in respect of a debt security; |

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

| · |     | modify the provisions of the indenture with respect to the subordination of the debt securities in a manner adverse to holders; |

| · |     | impair any right a holder may have to require repayment or conversion of its debt security; |

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

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

| · |     | impair