Company: INGVF
Filing Date: 2025-03-20
Form Type: 424B5
Source: 0001193125-25-058308
Chunk: 237

Company: ING GROEP NV
Filing Date: 2025-03-20
Form: 424B5
Chunk 237
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 such ADS, or who realizes a gain on the disposal or redemption of the ADS will not be subject to Dutch taxation on income or capital gains, unless:

| · |     | such holder carries on a business, or is deemed to carry on a business or part thereof, for example pursuant to a                                                                           
 co-entitlement to the net value of an enterprise (medegerechtigde), through a permanent establishment or a permanent representative in The Netherlands to which the ADS is attributable; or |

| · |     | the holder is an individual, and such income or gain qualifies as income from miscellaneous activities in The Netherlands (resultaat uit overige                 
 werkzaamheden in Nederland), which include activities with respect to the ADS that exceed regular, active portfolio management (normaal actief vermogensbeheer). |

Taxation of gifts and inheritances Residents of The Netherlands. Generally, gift and inheritance tax will be due in The Netherlands in respect of the acquisition of an ADS by way of a gift by, or on the death of, a holder of an ADS who is a resident or deemed to be a resident of The Netherlands for the purposes of Dutch gift and inheritance tax at the date of the gift or his or her death. An individual of Dutch nationality is deemed to be a resident of The Netherlands for the purposes of Dutch gift and inheritance tax if he or she was a resident of The Netherlands at any time during the 10 years preceding the date of the gift or his or her death. For the purposes of Dutch gift tax, an individual is deemed to be a resident of The Netherlands if he or she was a resident of The Netherlands at any time during the 12 months preceding the date of the gift. Non-residentsof The Netherlands. No Netherlands gift or inheritance taxes will arise on the transfer of an ADS by way of a gift by, or on the death of, a Holder who is neither a resident nor deemed to be a resident of The Netherlands, unless:

| (i) | in case of a gift of the ADS under a condition precedent by an individual who, at the date of the gift, was                                                                                                                                 
 neither resident nor deemed to be resident in The Netherlands, such individual is resident or deemed to be resident in The Netherlands at the date (a) of the fulfilment of the condition; or (b) of his/her death and the condition of the 
 gift is fulfilled after the date of his/her death; or                                                                                                                                                                                       |

| (ii) | in case of a gift of