ING Groep N.V. (ENXTAM:INGA) commences share repurchases on May 2, 2024, under the program mandated by the shareholders in the Annual General Meeting held on April 22, 2024. As per the mandate, the company is authorized to repurchase not repurchase more than 10% of its issued share capital at any given point in time. The shares will be repurchased at a price not higher than 110% of the opening price of the company?s shares on Euronext Amsterdam on the day of the purchase or on the preceding day.

The shares will be repurchased at a price not lower than ?0.01 per share. The program will be valid till October 22, 2025, or the date of renewal of this authorization, whichever is earlier.