Company: INGVF
Filing Date: 2025-03-20
Form Type: 424B5
Source: 0001193125-25-058308
Chunk: 115

Company: ING GROEP NV
Filing Date: 2025-03-20
Form: 424B5
Chunk 115
---
 they would be fungible for U.S. federal income tax purposes with all of the other outstanding debt securities of the same series. As at the date of this Prospectus, the relevant resolution authority is the Single Resolution Board and the competent authority is the European Central Bank. Mergers and Similar Transactions We are generally permitted to merge or consolidate with or into another company. We are also permitted to sell substantially all our assets to another company. With regard to any series of debt securities, however, we may not take any of these actions unless all the following conditions are met:

| · |     | If we are not the successor entity, the successor entity must expressly agree to be legally responsible for the debt securities of that series and the                                                                   
 indenture with respect to that series and must be organized as a corporation, partnership, trust, limited liability company or similar entity. The successor entity may be organized under the laws of any jurisdiction. |

| · |     | The merger, sale of assets or other transaction must not cause an event of default on the debt securities or any event which, after notice or lapse of time or 
 both, would become an event of default.                                                                                                                        |

If the conditions described above are satisfied with respect to the debt securities of any series, we will not need to obtain the approval of the holders of those debt securities in order to merge or consolidate or to sell our assets. Also, these conditions will apply only if we wish to merge or consolidate with another entity or sell our assets substantially as an entirety to another entity. We will not need to satisfy these conditions if we enter into other types of transactions, including any transaction in which we acquire the stock or assets of another entity, any transaction that involves a change of control of ING Groep N.V. but in which we do not merge or consolidate, and any transaction in which we sell less than substantially all our assets. Subject to applicable law and regulation (including our obtaining the prior permission of the Single Resolution Board (as resolution authority) and/or the European Central Bank (as competent authority), or any successor relevant resolution authority and/or competent authority, as appropriate, if such permission is required), any of our wholly owned subsidiaries may assume our obligations under the debt securities of any series without the consent of any holder. We, however, must irrevocably guarantee (on a subordinated basis in substantially the manner described under “—Debt Securities May Be Senior or Subordinated—Subordination Provisions” above, in the case of subordinated debt securities)