ING – Progress on share buyback programme

ING announced that, as part of our €2.0 billion share buyback programme announced on 2 May 2025, in total 6,750,294 shares were repurchased during the week of 5 May 2025 up to and including 9 May 2025.

The shares were repurchased at an average price of €17.97 or a total amount of €121,321,670.87.

In line with the purpose of the programme to reduce the share capital of ING, the total number of shares repurchased under this programme to date is 7,950,294 at an average price of €17.99 for a total consideration of €143,015,150.87. To date approximately 7.15% of the maximum total value of the share buyback programme has been completed.

For detailed information on the daily repurchased shares, individual share purchase transactions and weekly reports, see share buy back programme.

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On 2 May 2025, ING announced a new share buyback programme under which it plans to repurchase ordinary shares of ING Groep N.V. for a maximum total amount of € 2.0 billion. The purpose of the programme is to converge our CET1 ratio towards our target.

ING Group’s CET1 ratio was 13.6% at the end of the first quarter of 2025, which is well above the prevailing CET1 ratio requirement of 10.76%. The share buyback programme will have an impact of approximately 59 bps on our CET1 ratio. The programme will commence on 2 May 2025 and is expected to end no later than 27 October 2025.