Company: INGVF
Filing Date: 2025-03-06
Form Type: 20-F
Source: 0001628280-25-010764
Chunk: 191

Company: ING GROEP NV
Filing Date: 2025-03-06
Form: 20-F
Item: Item 10
Chunk 191
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Item 10.    Additional information
A.    Share capital 
This item does not apply to annual reports on Form 20-F.
B.    Memorandum and articles of association 
For a description of ING’s memorandum and articles of association, please see Exhibit 2.1 “Description of Securities Registered under Section 12 of the Exchange Act”, which is incorporated by reference herein. 
Reference is made to Exhibit 1.1 to this Form 20-F for the articles of association. 
C.    Material contracts
There have been no material contracts outside the ordinary course of business to which ING Groep N.V. or any of its subsidiaries is a party in the last two years.
D. Exchange controls
Cash distributions, if any, payable in Euros on Ordinary Shares and ADSs may be officially transferred from the Netherlands and converted into any other currency without violating Dutch law, except that for statistical purposes such payments and transactions must be reported by ING Groep N.V. to the Dutch Central Bank and, further, no payments, including dividend payments, may be made to jurisdictions or persons subject to certain sanctions, adopted by the government of the Netherlands or the European Union. 
E.    Taxation
The following is a summary of certain Netherlands tax consequences, and the United States federal income tax consequences, of the ownership of our Ordinary Shares or American Depositary Shares (“ADSs”) by U.S. Shareholders (as defined below) who hold Ordinary Shares or ADSs as capital assets for tax purposes. 
For the purposes of this summary, a “U.S. Shareholder” is a beneficial owner of Ordinary Shares or ADSs that is, for United States federal income tax purposes:
•an individual citizen or resident of the United States,

•a corporation organized under the laws of the United States or of any state of the United States, or any entity taxable as United States corporation,
•an estate, the income of which is subject to United States federal income tax without regard to its source, or
•a trust if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more United States persons have the authority to control all substantial decisions of the trust.
Further, this summary is limited to U.S. Shareholders who are not, and are not deemed to be, a resident of the Netherlands for Dutch tax purposes. 
This summary is based on the United States Internal Revenue Code of 1986 and the laws of the Netherlands, each as amended, their