Company: INGVF
Filing Date: 2025-04-24
Form Type: F-3ASR
Source: 0001193125-25-093692
Chunk: 47

Company: ING GROEP NV
Filing Date: 2025-04-24
Form: F-3ASR
Chunk 47
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 the circumstances described under “—Redemption and Repayment” above with respect to any change or amendment to, or change in the official application of the laws or regulations of the assuming corporation’s jurisdiction of incorporation as long as the change or amendment occurs after the date of the subsidiary’s assumption of our obligations. Tax authorities, including the U.S. Internal Revenue Service, might deem an assumption of our obligations as described above to be an exchange of the existing debt securities for new debt securities, resulting in a recognition of taxable gain or loss and possibly other adverse tax consequences. Investors should consult their tax advisors regarding the tax consequences of such an assumption. Neither we nor any successor would have any obligation to compensate you for any resulting adverse tax consequences relating to your debt securities as a result of an assumption of our obligations. Defeasance Defeasance and Covenant Defeasance Unless we say otherwise in your prospectus supplement, the provisions for full defeasance and covenant defeasance described below apply to each series of senior or subordinated debt securities. In general, we expect these provisions to apply to each debt security that has a specified currency of U.S. dollars and is not a floating rate. Full Defeasance. If there is a change in U.S. federal tax law, as described below, we can legally release ourselves from all payments and other obligations on your debt securities. This is called full defeasance. To do so, each of the following must occur:

| • |     | We must deposit in trust for the benefit of all holders a combination of money and U.S. government or U.S.                                                             
 government agency notes or bonds that will generate enough cash to make interest, principal and any other payments on your debt securities on their various due dates. |

| • |     | There must be a change in current U.S. federal tax law or an Internal Revenue Service ruling that lets us make                                                                                                                                          
 the above deposit without causing you to be taxed on your debt security any differently than if we did not make the deposit and just repaid the debt security ourselves. Under current U.S. federal tax law, the deposit and our legal release from the 
 debt security would be treated as though we took back your debt security and gave you your share of the cash or bonds deposited in trust. In that event, you could recognize gain or loss on your debt security.                                        |

| • |     | We must deliver to the trustee a legal opinion of our counsel confirming the tax law change or Internal Revenue 
 Service ruling