Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 106

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 106
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ordinary Dividend on the Relevant Stock Exchange.

| (B) | If and whenever the Issuer shall pay or make any Non-Cash Dividend to                                                                                          
 its shareholders, the Floor Price shall be adjusted by multiplying the Floor Price in force immediately prior to the Effective Date by the following fraction: |

A – B A where:

| A | is the Current Market Price of one ordinary share on the Effective Date; and |

| B | is the portion of the Fair Market Value of the aggregate Non-Cash                                                                                                                                                                                     
 Dividend attributable to one ordinary share, with such portion being determined by dividing the Fair Market Value of the aggregate Non-Cash Dividend by the number of ordinary shares entitled to receive the                                         
 relevant Non-Cash Dividend (or, in the case of a purchase, redemption or buy back of ordinary shares or any depositary or other receipts or certificates representing ordinary shares by or on behalf of the                                          
 Issuer or any member of the Group, by the number of ordinary shares in issue immediately following such purchase, redemption or buy back, and treating as not being in issue any ordinary shares, or any ordinary shares represented by depositary or 
 other receipts or certificates, purchased, redeemed or bought back).                                                                                                                                                                                  |

Such adjustment shall become effective on the Effective Date or, if later, the first date upon which the Fair Market Value of the relevant Non-CashDividend can be determined as provided herein. “ Effective Date” means, for purposes of this paragraph (iii)(B), the first date on which the ordinary shares are traded ex-therelevant Dividend on the Relevant Stock Exchange or, in the case of a purchase, redemption or buy back of ordinary shares or any depositary or other receipts or certificates representing ordinary shares by or on behalf of the Issuer or any member of the Group, the date on which such purchase, redemption or buy back is made (or, in any such case if later, the first date upon which the Fair Market Value of the relevant Dividend is capable of being determined as provided herein) or in the case of a Spin-Off,the first date on which the ordinary shares are traded ex-therelevant Spin-Offon the Relevant Stock Exchange.

| (C) | For the purposes of this paragraph (iii) and the definition of “Adjustable Extraordinary                                                                                        
 Dividend”, the Fair Market Value of any Cash Dividend or Non-Cash Dividend shall (subject as provided in paragraph (i) of the definition of “Dividend” and in the definition