Company: INGVF
Filing Date: 2025-04-24
Form Type: F-3ASR
Source: 0001193125-25-093692
Chunk: 72

Company: ING GROEP NV
Filing Date: 2025-04-24
Form: F-3ASR
Chunk 72
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 have included the following two paragraphs in the terms of the capital securities:

| (a) | Notwithstanding any other agreements, arrangements or understandings between us and any holder or beneficial                                                                                                                                                                                                                                                                                                                                   
 holder of our capital securities, by acquiring any capital securities, each holder and beneficial owner of a capital security or any interest therein acknowledges, accepts, recognizes, agrees to be bound by, and consents to the exercise of, any                                                                                                                                                                                           
 Dutch Bail-in Power by the relevant resolution authority that may result in the reduction (including to zero), cancellation or write-down (whether on a permanent basis or subject to a write-up by the resolution authority) of all, or a portion, of the principal amount of, or interest on, the capital securities and/or the conversion of all, or a portion, of the principal amount of, or interest on,                                 
 the capital securities into shares or claims which may give right to shares or other instruments of ownership or other securities or other of our obligations or obligations of another person (whether or not at the point of non-viability and independently of or in combination with a resolution action), including by means of a variation to the terms of the capital securities (which may include amending the interest amount or the 
 maturity or interest payment dates, including by suspending payment for a temporary period), or that the debt securities or capital securities must otherwise be applied to absorb losses, or any expropriation of the capital securities, in each case,                                                                                                                                                                                       
 to give effect to the exercise by the relevant resolution authority of such Dutch Bail-in Power (whether at the point of non-viability or as taken together with a                                                                                                                                                                                                                                                                             
 resolution action). Each holder and beneficial owner of a capital security or any interest therein further acknowledges and agrees that the rights of the holders and beneficial owners of the capital securities are subject to, and will be varied, if                                                                                                                                                                                       
 necessary, so as to give effect to, the exercise of any Dutch Bail-in Power by the relevant resolution authority. In addition, by acquiring any capital securities, each holder and beneficial owner of a capital                                                                                                                                                                                                                              
 security or any interest therein further acknowledges, agrees to be bound by, and consents to the exercise by the relevant resolution authority of, any power to suspend any payment in respect of the capital securities for a temporary period.                                                                                                                                                                                              |

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| (b) | For these purposes, a “Dutch Bail-in Power” is any statutory                                                                                                                                                                                              
 write-down and/or conversion power existing from time to time under any laws,