Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 118

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 118
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 the trustee) promptly after the determination thereof and in accordance with “Description of Capital Securities—Notices” in the accompanying prospectus. Definitions Unless otherwise provided, for the purposes of this section: “ Adjustable Extraordinary Dividend” means any Extraordinary Dividend (the “ Relevant Dividend”)if (i) the Fair Market Value of the Relevant Dividend, or (ii) the sum of (A) the Fair Market Value of the Relevant Dividend and (B) an amount equal to the aggregate of the Fair Market Value or Values of any other Extraordinary Dividend or Extraordinary Dividends (x) the Effective Date of which occurred prior to the Effective Date of the Relevant Dividend and (y) the Relevant Financial Year in relation to which is the Relevant Financial Year in relation to the Relevant Dividend, exceeds the Maximum Available Amount (on the Effective Date of the Relevant Dividend) for such Relevant Financial Year. “ Cash Dividend” means (i) any Dividend which is to be paid or made in cash (in whatever currency), but other than any Dividend falling within paragraph (b) of the definition of “Spin-Off,”and (ii) any Dividend determined to be a Cash Dividend pursuant to paragraph (i) of the definition of “Dividend,” providedthat a Dividend falling within paragraph (iii) or (iv) of the definition of “Dividend” shall be treated as being a Non-CashDividend. “ Current Market Price” means, in respect of an ordinary share at a particular date, the average of the daily Volume Weighted Average Price of an ordinary share on each of the five consecutive dealing days ending on the dealing day immediately preceding such date; providedthat, if at any time during the said five-dealing-dayperiod the Volume Weighted Average Price shall have been based on a price ex-Dividend(or ex-any other entitlement) and during some other part of that period the Volume Weighted Average Price shall have been based on a price cum-Dividend(or cum-any other entitlement), then:

| (i) | if the ordinary shares to be issued and delivered do not rank for the Dividend (or entitlement) in question,                                                             
 the Volume Weighted Average Price on the dates on which the ordinary shares shall have been based on a price cum-Dividend (or cum- any other entitlement) shall, for the 
 purposes of this                                                                                                                                                         |

S-89

| definition, be deemed to be the amount thereof reduced by an amount equal