Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 125

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 125
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 on any calendar day, the spot rate of exchange between the
relevant currencies prevailing at or about 12:00 pm, London time, on that date as appearing on or derived from the Relevant Page or, if such a rate cannot be determined at such time, the rate prevailing at or about 12:00 pm, London time, on the
immediately preceding day on which such rate can be so determined or, if such rate cannot be so determined by reference to the Relevant Page, the rate determined in such other manner as an Independent Conversion Adviser shall in good faith
prescribe.

“Regulated Market” means an EEA Regulated Market or another regulated, regularly operating, recognized
stock exchange or securities market in an OECD member state.

“Relevant Currency” means euro or such other currency in
which the ordinary shares are quoted or dealt in on the Relevant Stock Exchange at the relevant time or for the purposes of the relevant calculation or determination.

“Relevant Financial Year” means, in relation to any Extraordinary Dividend, the most recently completed financial year for
which the Group’s audited consolidated financial statements are available on the date on which such Extraordinary Dividend is declared.

“Relevant Page” means the relevant page on Bloomberg or such other information service provider that displays the relevant
information, as determined by the Conversion Calculation Agent.

“Shareholders” means the holders of ordinary shares.

“Spin-Off” means (a) a distribution of
Spin-Off Securities by the Issuer to shareholders as a class; or (b) any issue, transfer or delivery of any property or assets (including cash or shares or other securities of or in or issued or allotted
by any entity) by any entity (other than the Issuer) to shareholders as a class, pursuant to any arrangements with the Issuer or any member of the Group.

“Spin-OffSecurities” means equity share capital of an entity other than the Issuer
or options, warrants or other rights to subscribe for or purchase equity share capital of an entity other than the Issuer.

“Subsidiary” means each subsidiary as defined in Section 2:24a of the Dutch Civil Code for the time being of the
Issuer.

“Volume Weighted Average Price” means, in respect of an ordinary share or security or Spin-Off Security on any dealing day, the order book volume-weighted average price of an ordinary share (or security or

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Spin-Off Security, as applicable), published