Disclaimer

This website (the “Website”) is owned and maintained by ING Bank N.V. (together with ING Groep N.V. and its affiliates, “ING”). The use of this website is subject to the following terms and conditions. which you should read carefully.

This website contains products that are issued and promoted by ING.

By accessing the Website, you acknowledge that you have read, understood, accepted and agreed to be legally bound by the terms and conditions specified below. If you do not accept these terms and conditions, please do not use this website.

The Website is being offered to you as an information service and is to be used for this purpose only. Access to or use of the Website does not create any contractual relationship between you and ING nor does it create any obligation or responsibility of ING towards you.

The information and prospectuses on the Website do not constitute an offer or an invitation to buy, sell or trade in securities referred to on the Website (the “Securities” and each a “Security”). No person is allowed to distribute or use any of the information on the Website (the “Information”) in any jurisdiction, including the United States of America, Canada, the United Kingdom and Australia, in case such distribution or use of the Information in that jurisdiction, would require registration, approval, notification of the Securities or in case such distribution or use of the Information in that jurisdiction is illegal or prohibited.

The Securities are not suitable for all investors and the offering of the Securities may not be authorised within certain jurisdictions. Any decision to invest in any Security must be made on the basis of the prospectus of such Security. Such prospectus can be obtained free of charge. Information provided on the Website does not take any personal investment goals, personal financial situation or any other circumstances into account and the Information should not be interpreted as such. Investment in the Securities may involve a high degree of risk. Investors should therefore carefully consider the risks involved in investing in the Securities before investing in any Security. Prior to making an investment decision each prospective investor should seek advice from such independent adviser as it deems necessary and appropriate. ING is not acting as your financial adviser or fiduciary in any transaction in the Securities. None of the Securities are registered under the U.S. Securities Act of 1933. By accessing this Website you acknowledge and agree that you are not a “US.Person” (as such term is defined in Regulation S of the Securities Act) and that you are not residing in the United States, Canada, the United Kingdom or Australia or any other jurisdiction which does not permit you to view the Information.

The value of any investment in the Securities may go down as well as up. Results achieved in the past are not a guarantee of any future performance. Information on the performance of the Securities or any of their underlying values is always a reflection of past performances. Price specified on the Website do not necessarily reflect the actual market price at which investors may be able to buy or sell Securities. Prices for in- or divestments in the Securities may deviate substantially from the prices shown on the Website or may not be possible at all to buy or sell any Securities. Some of the Securities may include a leverage, in which case fluctuations of the prices of such Securities will be more extreme than the price fluctuations of the underlying value.

ING does not provide any assurance regarding the suitability of any Security for any investor or the financial, accounting or fiscal consequences of an investment in the Securities, nor does ING provide any assurance regarding the performance or price development of the Securities or any underlying value.

Parts of the Information may be provided by third parties which are considered to be reliable. These third parties are selected by ING with care. Nevertheless ING does not provide any assurance whatsoever about the actuality, correctness, quality, completeness and accessibility at any moment of any Information. Opinions, statements, impressions on the Website do not necessarily correspond with those of ING and should not be interpreted as such. ING, its directors, officers, employees and/or agents, are not responsible and accept no liability for any Information. The Information may be changed at any time without prior notice. ING is under no obligation to update or keep available the Information at any time.

ING can, from time to time, for hedging purposes buy or sell securities, commodities, forward contracts, options or other financial instruments or hold positions (long or short) in respect of the securities, which are identical or related to the Securities. Such positions and arrangements of ING may influence the value of the Securities. ING may have non-public information on certain underlying values which will not be made public to (potential) investors. Such information may affect the value of the underlying value.

The Website contains hyperlinks to websites of third parties. ING has no relation with these external websites or their webmasters. ING is not involved and has no influence on the content of these external websites.

The availability of hyperlinks on the Website does not propose an invitation, approval, recommendation or participation of ING in these websites, the owners or webmasters of these websites. ING has not checked and will not check the information, software or products on these websites. Consequently ING does not accept any liability for the content or use of these websites. The owners of the websites will remain responsible for their websites. ING will immediately delete the hyperlink after a report of misuse or a breach of law.

By accessing the Website you accept all responsibility and the risk involved in the use of the Website and external websites which can be accessed via the hyperlinks offered on the Website. Under no circumstances, including negligence, ING shall be liable for any direct or indirect damage, consequential loss or loss of profit as a consequence of using, or the impossibility of using the Website or any external linked website or reliance on or use of the Information. ING shall not be liable for any damage, inclusive but not limited to, incorrect information, omission, interruptions, deletion of files, viruses, mistakes, malfunctioning, communication disorder, theft, demolition or unauthorized access.

ING, its directors, officers, employees and/or agents, are not responsible for any data on the Website, including, but not limited to, typographical and technical errors in such data.

The content is protected by copyright. All information on the Website, including text, pictures, illustrations, graphic materials, (brand) names, logos, trademarks and service marks, are owned by ING or its licensors. Copyright will not pass to any (legal) person accessing the Website. Users are prohibited from modifying, copying, distributing, transmitting, displaying, publishing, selling, or licensing any information on or derived from the Website without prior written consent of ING.

This disclaimer is governed by the laws of the Netherlands and any dispute regarding the Website shall be subject to the exclusive jurisdiction of the Dutch courts.

Index Disclaimer

The Sprinter Certificates are not sponsored, endorsed, sold or promoted by the Index or the Index Sponsor and the Index Sponsor has not made any representation whatsoever, whether express or implied, either as to the results to be obtained from the use of the Index and/or the levels at which the Index stands at any particular time on any particular date or otherwise. The Index Sponsor shall not be liable (whether in negligence or otherwise) to any person for any error in the Index and the Index Sponsor are not under any obligation to advise any person of any error therein. The Index Sponsor has made no representation whatsoever, whether express or implied, as to the advisability of purchasing or assuming any risk in connection with the Sprinter Certificates. Neither the Issuer nor the Calculation Agent shall have any liability to any person for any act or failure to act by the Index Sponsor in connection with the calculation, adjustment or maintenance of the Index. Neither the Issuer nor the Calculation Agent has any affiliation with or control over the Index or of the Index Sponsor or any control over the computation, composition or dissemination of the Index. Although the Issuer and the Calculation Agent will obtain information concerning the Index from publicly available sources they believe to be reliable, they will not independently verify this information. Accordingly, no representation, warranty or undertaking (express or implied) is made and no responsibility is accepted by the Issuer or the Calculation Agent as to the accuracy, completeness and timeliness of information concerning the Index.