Company: INGVF
Filing Date: 2025-03-20
Form Type: 424B5
Source: 0001193125-25-058308
Chunk: 246

Company: ING GROEP NV
Filing Date: 2025-03-20
Form: 424B5
Chunk 246
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), PTCE 91-38 (for certain transactions involving bank collective investment funds), PTCE 95-60 (for transactions involving certain insurance company
general accounts), and PTCE 96-23 (for transactions managed by in-house asset managers). In addition, ERISA Section 408(b)(17) and Section 4975(d)(20) of the
Code provide an exemption for the purchase and sale of securities offered hereby, provided that neither the issuer of securities offered hereby nor any of its affiliates have or exercise any discretionary authority or control or render any
investment advice with respect to the assets of any Plan involved in the transaction, and provided, further, that the Plan pays no more and receives no less than “adequate consideration” in connection with the transaction (the
“service provider exemption”). There can be no assurance that any such exemptions will be available, or that all of the conditions of any such exemptions will be satisfied, with respect to transactions involving the Securities.

Any purchaser or holder of securities offered hereby or any interest therein will be deemed to have represented by its purchase and holding of
securities offered hereby that it either (1) is not a Plan or a Non-ERISA Arrangement and is not purchasing or converting the securities offered hereby on behalf of or with the assets of any Plan or Non-ERISA Arrangement or (2) the purchase, holding, conversion and/or disposition of the securities offered hereby will not constitute or result in a non-exempt prohibited transaction under ERISA or Section 4975 of
the Code or a violation under any applicable Similar Laws.

Due to the complexity of these rules and the penalties that may be imposed
upon persons involved in non-exempt prohibited transactions, it is important that fiduciaries or other persons considering purchasing securities offered hereby on behalf of or with the assets of any Plan or Non-ERISA Arrangement consult with their counsel regarding the availability of exemptive relief under any of the PTCEs listed above, the service

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provider exemption or the potential consequences of any purchase or holding under Similar Laws, as applicable. Purchasers of securities offered hereby have exclusive responsibility for ensuring
that their purchase, holding, conversion and/or disposition of securities offered hereby do not violate the fiduciary or prohibited transaction rules of ERISA or the Code or any provisions of Similar Laws. Neither this discussion nor anything in
herein is or is intended to be investment advice directed at any potential purchaser that is a Plan or a Non-ERISA Arrangement, or