ING 1Q2023 Financial Targets Update

ING Group CET1 ratio very strong at 14.8% ING Group CET1 ratio development (in %) 14.5% 0.2% -0.0% 0.2% 14.8% ~12.5% 10.7% 4Q2022 CET1 ratio Profit added to CET1 Other capital movements RWA Capital ratio CET1 developments SREP requirement 1Q2023 CET1 ratio Basel IV CET1 ratio target I Management buffer (incl. P2G) The CET1 ratio strengthened to 14.8%. In line with our distribution policy, 50% of the 1Q2023 resilient net profit has been reserved outside of CET1 capital for future distribution. In total, €2,241 mln remains reserved for distribution ■ CET1 capital grew by €0.6 bln, mainly due to the addition of 50% of 1Q2023 resilient net profit ■ RWA decreased by €4.1 bln, including €-1.4 bln of FX impacts Credit RWA excluding FX impacts decreased by €3.1 bln, mainly reflecting a better overall profile of the loan book and lower Russia- related exposure Operational RWA were flat, while market RWA were slightly higher reflecting increased structural FX positions ■ We paid a final 2022 cash dividend of €0.389 per share on 5 May 2023 In line with our intention to converge the CET1 ratio towards the target level by 2025, we will distribute an additional €1.5 bln in the form of a share buyback, which will commence on 12 May 2023 14

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