INGA.AS

As announced on 5 November 2020, ING's distribution policy is to pay-out 50% of resilient net profit (excluding extraordinary items). The 50% pay-out may be in the form of cash, or a combination of cash and share repurchases, with the majority in cash. Additional distributions to be considered periodically, taking into account alternative opportunities, macro-economic circumstances and the outcome of our capital planning. Prerequisite for a distribution is a CET1 ratio of at least prevailing Maximum Distributable Amount (MDA) level after distribution. The aim is to pay a cash-only interim dividend, representing ~1/3 of first half year resilient net profit, with our half year results. The exact form and level of the final distribution will be subject to approval by the shareholders at the annual general meeting. Distribution proposals will reflect considerations that are relevant to a capital plan, including expected future capital requirements, growth opportunities available to ING Group and regulatory developments. Furthermore, the execution of this policy will comply with prevailing European Central Bank (ECB) recommendations on shareholder distributions. Cash payment per share represent gross amounts which are subject to Dutch dividend withholding tax.