Progress on share buyback programme

ING PROFILE
ING is a global financial institution with a strong European base that provides banking services through its operating company ING Bank. ING Bank’s purpose is to empower people to be one step ahead in life and in business. ING Bank’s more than 57,000 employees offer banking services to private and wholesale customers in over 40 countries.

ING Group’s shares are listed on the Amsterdam (INGA NA, INGA.AS), Brussels and New York Stock Exchange (ADRs: ING US, ING.N) stock exchanges.

Sustainability is an integral part of ING’s strategy, as evidenced by ING’s leading position in sector benchmarks from Sustainalytics and MSCI, as well as our ‘A-List’ rating from CDP. ING Group stocks are included in key sustainability and environmental, social and governance (ESG) index products from leading providers STOXX, Morningstar and FTSE Russell. In January 2021, ING received an ESG rating of 83 (“strong”) from S&P Global Ratings.

IMPORTANT LEGAL NOTICE
Elements of this press release contain or may contain information about ING Groep NV and / or ING Bank NV within the meaning of Article 7 Paragraphs 1 to 4 of EU Regulation No. 596/2014.

Certain of the statements contained herein are not historical facts, including, without limitation, certain statements about future expectations and other forward-looking statements that are based on management’s current beliefs and assumptions and involve known and unknown risks and uncertainties that could lead to actual results , Performances or events differ materially from those express or implied in these statements. Actual results, performance or events could differ materially from those in such statements due to a number of factors including, but not limited to: (1) changes in general economic conditions and customer behavior, particularly economic conditions in ING’s core markets; including changes affecting exchange rates, (2) the impact of the Covid-19 pandemic and related response measures, including bans and travel restrictions, on economic conditions in the countries in which ING operates, on the businesses and operations of ING, as well as ING’s employees, customers and counterparties, (3) changes that affect the level of interest rates, (4) any failure of a major market participant and related market disruptions, (5) changes in the performance of financial markets, including in Europe and in developing countries, (6) political instability un d tax uncertainty in Europe and the United States, (7) discontinuation or modification of “benchmark” indices, (8) inflation and deflation in our major markets, (9) changes in conditions in credit and capital markets in general, including changes the creditworthiness of borrowers and counterparties, (10) bank failures that fall within the scope of government compensation schemes, (11) non-compliance with or changes to laws and regulations, including those relating to financial services, financial fraud and tax laws, and their interpretation and application, ( 12) geopolitical risks, political instabilities as well as guidelines and measures by government and supervisory authorities, (13) legal and regulatory risks in certain countries with less developed legal and regulatory frameworks, (14) prudential supervision and regulations, also with regard to stress tests and regulation oric restrictions on dividends and distributions, (including among members of the group), (15) regulatory consequences of the UK’s withdrawal from the European Union, including approvals and equivalency decisions, (16) ING’s ability to meet the minimum capital and theirs regulatory regulatory requirements, (17) changes in the regulation of the U.S. commodities and derivatives business of ING and its clients, (18) application of bank recovery and resolution regimes, including write-off and conversion powers in relation to our securities, (19) Result of current and future legal disputes, enforcement proceedings, investigations or other governmental actions, including claims from customers who feel misled and other behavioral issues, (20) changes in tax laws and regulations, and risks of non-compliance or investigations in relation to one another related to tax laws, including FATCA, (21) operational risks such as system malfunctions or failures, security breaches, cyberattacks, human error, changes in operational practices or inadequate controls, including in relation to third parties with whom we do business, (22) risks and challenges in the Related to cybercrime, including the effects of cyberattacks and changes in laws and regulations related to cybersecurity and privacy, (2 3) changes in general factors of competition, including the ability to increase or maintain market share, (24) the inability to improve our intellectual Protect property and infringement claims of third parties, (25) the inability of counterparties to meet financial obligations or enforce rights against such counterparties, (26) changes in creditworthiness, (27) business, operational, regulatory, reputational and other risks and challenges changes related to climate change, (28) inability to attract and retain key personnel, (29) future defined benefit obligations, (30) failure to manage business risks, including those related to the use of models, the use of derivatives or compliance with appropriate policies and guidelines; (31) changes in the capital and credit markets, including interbank financing, and customer deposits that provide the liquidity and capital required to fund our business; and (32) the other risks and uncertainties that Listed in the last annual report are from ING Groep NV (including the risk factors contained therein) and ING’s more recent disclosures, including press releases, which are available on www.ING.com.

This document may contain inactive text addresses to Internet websites operated by us and third parties. References to such websites are provided for informational purposes only, and information on such websites is not incorporated by reference in this document. ING makes no representation or warranty as to the accuracy or completeness of any information on websites operated by third parties and accepts no responsibility for them. ING specifically disclaims any liability with regard to information found on websites operated by third parties. ING cannot guarantee that websites operated by third parties will remain available after the publication of this document or that the information contained on these websites will not change after the submission of this document. Many of these factors are beyond ING’s control.

All forward-looking statements made by or on behalf of ING speak only as of the date of their publication and ING assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or otherwise.

This document does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States of America or any other jurisdiction.