ING 1Q2023 Financial Targets Update

Growing shareholder return Strong capital generation Return on equity (4-quarter rolling) 9.7% Attractive shareholder return Based on (announced) payment date 11.8% Return on equity reported Return on equity at 12.5% CET1 12.5% 9.4% 1.28 8.0% 6.7% 5.4% 1.01 0.89 0.70 0.67 0.68 0.41 0.50 Dividend 0.60 0.58 ban 0.39 2018 2019 2020 2021 2022 2023 YtD¹) Return²) Already strong return on equity on elevated capital levels. Regular dividend per share (in €) Additional distribution per share (in €) ■ We have returned ~€17 bln to shareholders since 2018, including the final dividend 2022 of €0.389 per share (paid out on 5 May 2023) and the €1.5 bln additional distribution announced today Pro-forma CET1 ratio of 14.4% after the additional distribution We intend to converge the CET1 ratio to our target level of ~12.5% by 2025 in roughly equal steps, resulting in a >100% pay-out ratio 1) Amount based on # of shares as of 31 March 2023, return based on the share price as of 31 March 2023; YtD includes the final dividend 2022 and the announced additional distribution 2) Based on average market value (share price * number of shares outstanding at the end of each quarter) 5

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