ING: Progress on share buyback programme

ING announced that, as part of our €2.5 billion share buyback programme announced on 2 May 2024, the company repurchased 3,023,407 shares during the week of 8 July 2024 up to and including 12 July 2024.

The shares were repurchased at an average price of €16.67 for a total amount of €50,397,750.56. For detailed information on the daily repurchased shares, individual share purchase transactions and weekly reports, see the ING website at www.ing.com/investorrelations.

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 69,162,287 ordinary shares at an average price of €16.13 for a total consideration of €1,115,432,832.42. To date approximately 44.62% of the maximum total value of the share buyback programme has been completed.