Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 140

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 140
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, and, if the
holder is a natural person, his or her spouse, registered partner, certain other relatives or certain persons sharing the holder’s household, do not hold, or is deemed to hold, alone or together, whether directly or indirectly, the ownership
of, or certain rights over, shares or rights resembling shares representing 5% or more of the total issued and outstanding capital, or the issued and outstanding capital of any class of shares, of ING Groep N.V.

The Issuer assumes that the benefits derived by a corporate holder from the Conversion Shares are not exempt under the participation exemption
as laid down in the Dutch Corporate Income Tax Act of 1969 (Wet op de vennootschapsbelasting 1969) (“CITA”). Generally speaking, the participation exemption should not be applicable if the holder holds shares representing
less than 5% of the nominal paid-up share capital of ING Groep N.V.

Where this summary refers to
a holder of Securities and/or Conversion Shares, an individual holding Securities and/or Conversion Shares or an entity holding Securities and/or Conversion Shares, such reference is restricted to an individual or entity holding legal title to, as
well as an economic interest in, such Securities and/or Conversion Shares or otherwise being regarded as owning Securities and/or Conversion Shares for Dutch tax purposes. It is noted that for purposes of Dutch income, corporate and gift and
inheritance tax, assets legally owned by a third party such as a trustee, foundation or similar entity, may be treated as assets owned by the (deemed) settlor, grantor or similar originator or the beneficiaries in proportion to their interest in
such arrangement.

The Issuer assumes that the holders of the Securities and/or Conversion Shares do not qualify as (i) an investment
institution (fiscale beleggingsinstelling), (ii) a pension fund, exempt investment institution (vrijgestelde beleggingsinstelling) or other Dutch tax resident entity that is not subject to or exempt from Dutch corporate income tax.

The Issuer assumes that the holders of the Securities and/or Conversion Shares are not persons to whom the Securities and/or Conversion
Shares and the income therefrom are attributed based on the separated private assets (afgezonderd particulier vermogen) provisions of the Dutch Income Tax Act 2001 (Wet inkomstenbelasting 2001).

The Issuer assumes that the holders of the Securities and/or Conversion Shares are not entities who are residents of