Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 105

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 105
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A B where:

| A | is the aggregate number of ordinary shares in issue immediately before such issue; and |

| B | is the aggregate number of ordinary shares in issue immediately after such issue. |

Such adjustment shall become effective on the first date of issue of such ordinary shares.

| (iii) |

| (A) | If and whenever the Issuer shall pay any Adjustable Extraordinary Dividend to its shareholders, the Floor Price                                                       
 shall be adjusted by multiplying the Floor Price in force immediately prior to the Effective Date of the Adjustable Extraordinary Dividend by the following fraction: |

A – B A – C where:

| A | is the Current Market Price of one ordinary share on such Effective Date; |

| B | is the portion of the Fair Market Value of the aggregate Adjustable Extraordinary Dividend attributable to one                                                                                                                          
 ordinary share, with such portion being determined by dividing the Fair Market Value of the aggregate Adjustable Extraordinary Dividend by the number of ordinary shares entitled to receive the Adjustable Extraordinary Dividend; and |

| C | is equal to (A) (i) the amount (if any) by which the Maximum Available Amount (on the Effective Date of                                                                                                                                     
 the Adjustable Extraordinary Dividend) for the Relevant Financial Year in relation to the Adjustable Extraordinary Dividend exceeds an amount equal to the aggregate of the Fair Market Values of any other Extraordinary Dividends (x) the 
 Effective Date of which occurred prior to the Effective Date of the Adjustable Extraordinary Dividend and (y) the Relevant Financial Year in relation to which is the Relevant Financial Year for the Adjustable Extraordinary Dividend, or 
 (ii) where no Effective Date has previously occurred in respect of any such other Extraordinary Dividends, such Maximum Available Amount, divided by (B) the number of ordinary shares entitled to receive the Adjustable Extraordinary     
 Dividend (provided that “C” shall be equal to zero if the aggregate of the Fair Market Values of such previous Extraordinary Dividends is equal to, or exceeds, such Maximum Available Amount).                                             |

S-80

Such adjustment shall become effective on the Effective Date of the Adjustable Extraordinary Dividend or, if later, the first date upon which the Fair Market Value of the Adjustable Extraordinary Dividend can be determined. “ Effective Date” means, for purposes of this paragraph (iii)(A) and the definition of “Adjustable Extraordinary Dividend”, the first date on which the ordinary shares are traded ex-therelevant Extra