Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 122

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 122
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 has been made of the intention to purchase, redeem or buy back ordinary shares at some future date at a specified price or where a tender offer is made, on the 5 dealing days      
 immediately preceding the date of such announcement or the date of first public announcement of such tender offer (and regardless of whether or not a price per ordinary share, a minimum price per ordinary share or a price range or a formula for the 
 determination thereof is or is not announced at such time), as the case may be, in which case such purchase, redemption or buy back shall be deemed to constitute a Dividend in the Relevant Currency in an amount equal to the amount by which the      
 aggregate price paid (before expenses) in respect of such ordinary shares purchased, redeemed or bought back by the Issuer or, as the case may be, any member of the Group (translated where appropriate into the Relevant Currency as provided above)   
 exceeds the product of (i) 105% of the daily Volume Weighted Average Price of an ordinary share determined as aforesaid and (ii) the number of ordinary shares so purchased, redeemed or bought back;                                                    |

| (iv) | if the Issuer or any member of the Group shall purchase, redeem or buy back any depositary or other receipts or 
 certificates representing ordinary shares, the provisions of paragraph (iii) above                              |

S-91

| shall be applied in respect thereof in such manner and with such modifications (if any) as shall be determined in good faith by an Independent Conversion Adviser; and |

| (v) | where a dividend or distribution is paid or made to shareholders pursuant to any plan implemented by the Issuer                                                                                                                                         
 for the purpose of enabling shareholders to elect, or which may require shareholders, to receive dividends or distributions in respect of the ordinary shares held by them from a person other than (or in addition to) the Issuer, such dividend or    
 distribution shall for the purposes of the Indenture be treated as a dividend or distribution made or paid to shareholders by the Issuer, and the foregoing provisions of this definition, and the provisions of the Indenture, including references to 
 the Issuer paying or making a dividend, shall be construed accordingly.                                                                                                                                                                                 |

“ EEA Regulated Market” means a market as defined by Article 4.1(21) of MiFID II, as the same may be amended from time to time. “ Extraordinary Dividend” means any Cash Dividend that is expressly declared by the Issuer to