Progress On Share Buyback Programme

ING announced that, under its €1.5 billion share buyback programme announced on 3 November 2022, the company has repurchased 9,811,962 shares during the week of 3 November 2022 up to and including 4 November 2022.

The shares were repurchased at an average price of €10.71 for a total amount of €105,062,371.60. For detailed information on the daily repurchased shares, individual share purchase transactions and weekly reports, see the ING website at www.ing.com/investorrelations.

The total number of shares repurchased under this programme to date is 9,811,962 ordinary shares at an average price of €10.71 for a total consideration of €105,062,371.60. To date 7.00 % of the maximum total value of the share buyback programme has been completed.

ING PROFILE

ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is: empowering people to stay a step ahead in life and in business. ING Bank’s more than 58,000 employees offer retail and wholesale banking services to customers in over 40 countries.

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

Sustainability is an integral part of ING’s strategy, evidenced by ING’s leading position in sector benchmarks. ING’s Environmental, Social and Governance (ESG) rating by MSCI was affirmed ‘AA’ in September 2022. As of August 2022, Sustainalytics considers ING’s management of ESG material risk to be ‘strong’, and in June 2022 ING received an ESG rating of ‘strong’ from S&P Global Ratings. ING Group shares are also included in major sustainability and ESG index products of leading providers Euronext, STOXX, Morningstar and FTSE Russell.

Source – ING