Progress on share buyback programme

Progress on share buyback programme

ING announced today that, in line with the launch of our €1.5 billion share buyback programme announced on 11 May 2023, we repurchased 24,757,856 shares during the week of 21 August 2023 up to and including 25 August 2023.

The shares were repurchased at an average price of €13.12 for a total amount of €324,809,563.65. 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 89,114,992 ordinary shares at an average price of €12.91 for a total consideration of €1,150,435,314.37. To date approximately 76.70% of the maximum total value of the share buyback programme has been completed.

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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 59,000 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).

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