Company: INGVF
Filing Date: 2025-03-20
Form Type: 424B5
Source: 0001193125-25-058308
Chunk: 160

Company: ING GROEP NV
Filing Date: 2025-03-20
Form: 424B5
Chunk 160
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 the trustee in its sole discretion. The holders of a majority in aggregate principal amount of the outstanding capital securities shall have the right to direct the time, method and place of conducting any proceeding in the name of and on the behalf of the trustee for any remedy available to the trustee or exercising any trust or power conferred on the trustee with respect to the capital securities. However, this direction (a) must not be in conflict with any rule of law or the capital securities indenture and (b) must not be unjustly prejudicial to the holder(s) of the capital securities not taking part in the direction, in the case of either (a) or (b) as determined by the trustee in its sole discretion. The trustee may also take any other action, consistent with the direction, that it deems proper. The trustee will, within 90 days of an event of default with respect to the capital securities of any series, give to each affected holder of the capital securities of the affected series notice of any event of default it knows about, unless the event of default has been cured or waived. However, the trustee will be entitled to withhold notice if a trust committee of responsible officers of the trustee determine in good faith that withholding of notice is in the interest of the holders. Limitation on Suits Before you bypass the trustee and bring your own lawsuit or other formal legal action or take other steps to enforce your rights or protect your interests relating to the capital 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 capital 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 capital securities during that period. |

Notwithstanding any contrary provisions, nothing shall impair the right of a holder of the capital securities under the Trust Indenture Act, absent such holder’s consent, to sue for any payments due but unpaid with respect to the capital securities. Street name and other indirect holders should consult their banks or