Company: INGVF
Filing Date: 2025-04-24
Form Type: F-3ASR
Source: 0001193125-25-093692
Chunk: 23

Company: ING GROEP NV
Filing Date: 2025-04-24
Form: F-3ASR
Chunk 23
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.44 per share and for a 
 total consideration of €64 million. The purpose of the share repurchase program is to meet obligations under ING’s share-based compensation plans.                                                                                 |

| (2) | In 2024, ING declared and paid an interim dividend of €1,129 million (€0.35 per share) and                                                                                                                              
 proposed a final dividend of €2,152 million (€0.71 per share) to be paid after adoption of the annual accounts in April 2025. In addition, in January 2025 ING paid a cash dividend to the shareholders of €498 million 
 (€0.161 per share). The €498 million dividend paid in January 2025 is already deducted from total equity as of December 31, 2024.                                                                                       |

| (3) | The total indebtedness excludes lease liabilities of €1,116 million. Lease liabilities are presented 
 in the balance sheet under Other liabilities.                                                        |

| (4) | On February 17, 2025, ING completed the offering of €1,250,000,000 aggregate principal amount of 
 3.000% Fixed-to-Floating Rate Callable Senior Notes due August 2031 and €1,500,000,000 aggregate |

-16-

| principal amount of 3.500% Fixed-to-Floating Rate Callable Senior Notes due August 2036. The notes will be                                                                                                                                                     
 classified as liabilities on the balance sheet, with an amount of €2,710 million included under debt securities in issue and an amount of €27 million included under debt securities designated at fair value through profit or loss.                          
 On February 20, 2025, ING announced the redemption of €750 million of Fixed Rate Subordinated Tier 2 Notes (ISIN: XS1796079488) on the call date of March 22, 2025. These securities are included in the above table on the lines                              
 ‘Subordinated loans’ and ‘Subordinated liabilities at fair value through profit or loss’, with a total amount of €751 million and €10 million respectively. On February 20, 2025, ING announced the                                                            
 redemption of $1,250 million of 6.500% Perpetual Additional Tier 1 Contingent Convertible Capital Securities (CUSIP 456837AF0/ISIN US456837AF06) on the call date of April 16, 2025. These securities are included in the above