Company: INGVF
Filing Date: 2025-03-18
Form Type: 424B5
Source: 0001193125-25-056511
Chunk: 27

Company: ING GROEP NV
Filing Date: 2025-03-18
Form: 424B5
Chunk 27
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 3,674,043 shares have been repurchased at an average price of €17.44 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 notes will be classified as liabilities on the balance sheet, with an amount of                                                                                                  
 €    included under debt securities in issue and an amount of €    included under debt securities designated at fair value through profit or loss. For purposes of the “as adjusted” 
 column, the principal amount of the notes in U.S. dollars has been translated into Euro amounts at the Noon Buying Rate on December 31, 2024 of €0.9660 to $1.00.                    |

S-23

| (4) | The total indebtedness excludes lease liabilities of €1,116 million. Lease liabilities are presented 
 in the balance sheet under Other liabilities.                                                        |

| (5) | On February 20, 2025, ING announced it will redeem €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 it will redeem $1,250 million of 6.500% Perpetual Additional Tier 1 Contingent Convertible Capital Securities (CUSIP 456837AF0/ISIN                                                                                                                                                           
 US456837AF06) on the call date of April