Company: INGVF
Filing Date: 2025-04-24
Form Type: F-3ASR
Source: 0001193125-25-093692
Chunk: 100

Company: ING GROEP NV
Filing Date: 2025-04-24
Form: F-3ASR
Chunk 100
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 of 2016 and subsequent years; their feedback has taken into account. The current share issue authorization enables the Executive Board to resolve on the issuance of new ordinary shares (including the granting of rights to subscribe for ordinary shares, such as warrants or in connection with convertible debt instruments) for a period of 18 months, ending on October 22, 2024 (or when the authorization is renewed, whichever is earlier) subject to the following conditions and limits:

| • |     | No more than 40% of the issued share capital in connection with a rights issue, being a share offering to all                                                                                              
 shareholders in proportion to their existing holdings of ordinary shares. However, the Executive Board and Supervisory Board may exclude or restrict pre-emptive rights of existing shareholders if deemed 
 necessary or practical;                                                                                                                                                                                    |

| • |     | No more than 10 percent of the issued share capital, with or without 
 pre-emptive rights of existing shareholders.                         |

Specific approval by the general meeting is required for any share issuance exceeding these limits. The purpose of this share issue authorization is to delegate to the Executive Board the power to issue new ordinary shares without first having to obtain the consent of the general meeting, which in The Netherlands is subject to a statutory convocation period of at least 42 days. This authorization gives ING Group flexibility in managing its capital resources, including regulatory capital, while taking into account shareholders’ interests to prevent dilution of their shares. It particularly enables ING Group to respond promptly to developments in the financial markets, should circumstances require. This authorization may be used for any purpose, including but not limited to strengthening capital, financing, mergers or acquisitions. However, the authorization to issue ordinary shares by way of rights issue cannot be used for mergers or acquisitions on a share-for-sharebasis as this is incompatible with the concept of pre-emptiverights for existing shareholders. In line with market practice, ING Group currently intends to include the following categories of shareholders in such a rights issue:

| 1. | Qualified and retail investors in The Netherlands and the U.S. (SEC registered offering); |

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| 2. | Qualified investors in EU member states (and potentially the UK); |

| 3. | Retail investors in EU member states (and potentially the UK) where ING has a significant retail investor base,                                                                                                                                
 provided that it is feasible to meet local requirements (in ING’s 2009 rights offering, shares were offered to existing shareholders in Belgium,