Company: INGVF
Filing Date: 2025-04-24
Form Type: F-3ASR
Source: 0001193125-25-093692
Chunk: 34

Company: ING GROEP NV
Filing Date: 2025-04-24
Form: F-3ASR
Chunk 34
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ordinated debt indenture provides that, unless all principal of, and any premium or interest on, the senior indebtedness has been paid in full, no payment or other distribution may be made in respect of any subordinated debt securities in the following circumstances:

| • |     | in the event of our liquidation (upon dissolution (ontbinding) or otherwise) or a moratorium of payments 
 (surseance van betaling), or if we are declared bankrupt (failliet verklaard); or                        |

| • |     | (a) in the event and during the continuation of any failure by us to pay principal, premium or interest on any                                                                                                                                      
 senior indebtedness beyond any applicable grace period, unless the failure to pay has been cured or waived or ceased to exist or (b) in the event that any judicial proceeding is pending with respect to a failure by us to make any such payment. |

If the trustee under the subordinated debt indenture or any holders of the subordinated debt securities receive any payment or distribution that is prohibited under the subordination provisions, then the trustee or the holders will have to repay that money to the holders of the senior indebtedness. Even if the subordination provisions prevent us from making any payment when due on the subordinated debt securities of any series, we will be in default on our obligations under that series if we do not make the payment when due. In such an event, the trustee under the subordinated debt indenture and the holders of that series can take limited action against us, as described under “— Events of Default and Remedies — Limited Remedies for Non-Paymentand Breach of Obligations; Trust Indenture Act Remedies” below; however, they will not receive any money until the claims of holders of senior indebtedness are fully satisfied. The subordinated debt indenture allows the holder of senior indebtedness to obtain a court order requiring us and any holder of subordinated debt securities to comply with the subordination provisions. Our Relationship with the Trustee The Bank of New York Mellon is initially serving as the trustee for all series of debt securities to be issued under each indenture. The Bank of New York Mellon has provided commercial banking and other services for us and our related companies in the past and may continue to do so in the future. Among other things, The Bank of New York Mellon serves as, or may serve as, trustee or agent with regard to certain of our other outstanding debt obligations. -25-

Consequently, if an actual or potential