Company: INGVF
Filing Date: 2025-03-20
Form Type: 424B5
Source: 0001193125-25-058308
Chunk: 157

Company: ING GROEP NV
Filing Date: 2025-03-20
Form: 424B5
Chunk 157
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61-

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

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

| · |     | impair a holder’s right to sue for payment of any amount due on its capital security; |

| · |     | reduce the percentage in principal amount of the capital securities and any other affected series of capital securities, taken together, the approval of whose 
 holders is needed to change the indenture or the capital securities;                                                                                           |

| · |     | reduce the percentage in principal amount of the capital securities and any other affected series of capital securities, taken separately or together, as the 
 case may be, the consent of whose holders is needed to waive our compliance with the applicable indenture or to waive defaults; and                           |

| · |     | modify any of the provisions of the applicable indenture dealing with modification or waiver of past events of default, except to increase any such percentage                      
 or to provide that certain other provisions of any applicable indenture cannot be modified or waived without the consent of the holders of the capital securities affected thereby. |

In addition, unless the relevant prospectus supplement provides otherwise, any variations in the terms and conditions of the capital securities of any series, including modifications relating to the subordination or redemption provisions of such capital securities, can only be made in accordance with the rules and requirements of the European Banking Authority, as and to the extent applicable from time to time. Changes Not Requiring Approval The second type of change does not require any approval by holders of the capital securities. These changes are limited to clarifications and changes that would not adversely affect the capital securities in any material respect. Nor do we need any approval to make any change that affects only capital securities to be issued under the applicable indenture after the changes take effect. We may also make changes or obtain waivers that do not adversely affect a particular capital security, even if they affect other capital securities. In those cases, we do not need to obtain the approval of the holder of that capital security; we need only obtain any required approvals from the holders of the affected capital securities or other capital securities. Changes Requiring Majority Approval Any other change to the capital securities indenture and the capital securities issued thereunder would require the following approval:

| · |     | if the change affects only one series of capital securities, it must be approved by the holders of a majority in principal amount