Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 161

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 161
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 in either case, disregarding moneys lent by the person offering the Securities or making the invitation or its associates) or the offer or invitation otherwise does not require disclosure to 
 investors in accordance with Part 6D.2 or 7.9 of the Corporations Act;                                                                                                                                                                                 |

S-116

| (b) | the offer, invitation or distribution complied with the conditions of the Australian financial services license                  
 of the person making the offer, invitation or distribution or an applicable exemption from the requirement to hold such license; |

| (c) | the offer, invitation or distribution complies with all applicable Australian laws, regulations and directives 
 (including, without limitation, the licensing requirements set out in Chapter 7 of the Corporations Act);      |

| (d) | the offer or invitation does not constitute an offer or invitation to a person in Australia who is a 
 “retail client” as defined for the purposes of Section 761G of the Corporations Act; and             |

| (e) | such action does not require any document to be lodged with ASIC or the ASX. |

Other Jurisdictions outside the United States No action may be taken in any jurisdiction other than the United States that would permit a public offering of the Securities or the possession, circulation or distribution of this prospectus supplement in any jurisdiction where action for that purpose is required. Accordingly, the Securities may not be offered or sold, directly or indirectly, and neither this prospectus supplement nor any other offering material or advertisements in connection with the Securities may be distributed or published in or from any country or jurisdiction, except under circumstances that will result in compliance with any applicable rules and regulations of any such country or jurisdiction. S-117

TRADING IN ORDINARY SHARES BY THE ISSUER AND ITS AFFILIATES

The SEC has granted exemptive relief from Rules 101 and 102 of Regulation M in connection with certain distributions of securities
qualifying as additional tier 1 capital under CRD IV. This exemptive relief permits certain transactions in ordinary shares underlying such securities, including ordinary shares represented by ADSs, by issuers and affiliated purchasers, including
those acting as distribution participants, during a distribution of such securities.

As a result, the Issuer and its affiliates may
continue to engage, including during the offering of the Securities, in one or more market activities involving the Issuer’s ordinary shares and ADSs. These market activities have occurred and are expected to continue to occur both outside and
inside the United States,