Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 61

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 61
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ountholders (“FATCA Withholding”). To avoid becoming subject to FATCA Withholding, the Issuer and other non-U.S. financial institutions may be required to report information to the U.S. Internal Revenue Service (the
“IRS”) regarding the holders of Securities and Conversion Shares and to withhold on a portion of payments under the Securities and Conversion Shares (to the extent treated as “foreign passthru payments”) to certain
holders that fail to comply with the relevant information reporting requirements (or hold Securities and Conversion Shares directly or indirectly through certain non-compliant intermediaries). However, such
withholding will not apply to payments made before the date that is two years after the date on which final regulations defining the term “foreign passthru payment” are enacted. The rules for the implementation of this withholding have
not yet been fully finalized, so it is impossible to determine at this time what impact, if any, this withholding will have on holders of the Securities and Conversion Shares.

The Issuer will not pay any additional amounts in respect of this withholding, so, if this withholding applies, you will receive significantly
less than the amount that you would have otherwise received with respect to your Securities or Conversion Shares. Depending on your circumstances, you may be entitled to a refund or credit in respect of some or all of this withholding. However, even
if you are entitled to have any such withholding refunded, the required procedures could be cumbersome and significantly delay your receipt of any amounts withheld.

Regulatory action in the event of a bank failure could materially adversely affect the value of the Securities.

Reference is made to the section entitled “Regulation and Supervision – Bank Recovery and Resolution Directive” starting on
page 61 of the 2024 Form 20-F incorporated herein by reference and the Statutory Loss Absorption provisions. The powers described therein may also be applied in respect of the Securities, and none of the
actions described therein would constitute an event of default under the Securities entitling holders to seek repayment. The BRRD includes provisions (known as the bail-in tool) to give regulators resolution
powers, inter alia, to write down the debt of a failing bank (or to convert such debt into capital) to strengthen its financial position and allow it to continue as a going concern, subject to appropriate restructuring measures being taken.
In addition to this general bail-in tool, the BRRD provides for resolution authorities to have the further powers to, as a resolution action or when the relevant resolution authority determines that otherwise