Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 47

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 47
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 pursuant to the Dutch Act on the national screening of
investments, mergers and acquisitions (Wet veiligheidstoets investeringen, fusies en overnames), inter alia the acquisition of control (zeggenschap) in providers of certain vital processes (vitale aanbieders), which will
likely include ING Bank as G-SII, needs to be ex ante notified to the Dutch Minister of Economic Affairs. The Dutch Minister of Economic Affairs may impose prior conditions to the acquisition of such control
in the Group.

Furthermore, as Conversion Shares may represent capital instruments in or voting securities of a parent undertaking of a
number of regulated group entities, under the laws of The Netherlands and other jurisdictions, ownership of the Securities themselves or Conversion Shares above certain levels may require the holder to obtain regulatory approval or subject the
holder to additional regulation.

S-40

Non-compliance with such disclosure and/or approval
requirements may lead to the incurrence by holders of the Securities of substantial fines or other criminal and/or civil penalties and/or suspension of voting rights associated with the Conversion Shares. Accordingly, each potential investor should
consult its legal advisers as to the terms of the Securities, in respect of its existing shareholding and the level of holding it would have if it receives Conversion Shares following a Trigger Event.

Implementation of Basel III / CRD IV and additional Competent Authority supervisory expectations, and future changes under the Banking Reform Package and the Basel III Finalization.

CRD IV introduced significant changes in the prudential regulatory regime
applicable to banks, including: increased minimum capital ratios; changes to the definition of capital and the calculation of risk weighted assets or Group Total Risk Exposure Amount; and the introduction of new measures relating to leverage,
liquidity and funding. CRD IV permits a transitional period for certain of the enhanced capital requirements and certain other measures, such as the CRD IV leverage ratio.

CRD IV requirements adopted in The Netherlands may change, whether as a result of further changes to CRD IV agreed by EU legislators, binding
regulatory technical standards or recommendations developed or to be developed by the EBA or changes to the way in which the Competent Authority interprets and applies these requirements to banks located in The Netherlands (including as regards
individual model approvals granted under CRD II and III).

Such changes, either individually and/or in aggregate, may lead to further
unexpected, enhanced requirements in relation to the Group’s CRD IV capital, leverage, liquidity and funding ratios or alter the way such