Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 139

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 139
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 securities will be issued in registered form only. To the extent permitted
by law, we, the trustee and any paying agent shall be entitled to treat the person in whose name any definitive security is registered
as its absolute owner.

Payments in respect of each series of definitive
securities and definitive capital securities will be made to the person in whose name such definitive securities are registered as it
appears in the register for that series of debt securities or capital securities, as applicable. Payments will be made in respect of the
debt securities or capital securities, as applicable, by check drawn on a bank in New York or, if the holder requests, by transfer to
the holder’s account in New York. Definitive securities should be presented to the paying agent for redemption.

If we issue definitive debt securities or capital
securities, as applicable, of a particular series in exchange for a particular global security, the depositary, as holder of that global
security, will surrender it against receipt of the definitive debt securities or capital securities, as applicable, cancel the book-entry
debt securities or capital securities, as applicable, of that series, and distribute the definitive debt securities or capital securities,
as applicable, of that series to the persons and in the amounts that the depositary specifies pursuant to the internal procedures of such
depositary.

If definitive securities are issued in the limited
circumstances described above, those securities (i) will be transferable only on the register for that series of debt securities or capital
securities, and (ii) may be transferred in whole or in part in denominations of any whole number of securities upon surrender of the definitive
securities certificates together with the form of transfer endorsed on it, duly completed and executed at the specified office of a paying
agent. If only part of a securities certificate is transferred, a new securities certificate representing the balance not transferred
will be issued to the transferor within three business days after the paying agent receives the certificate. The new certificate representing
the balance will be delivered to the transferor by uninsured post at the risk of the transferor, to the address of the transferor appearing
in the records of the paying agent. The new certificate representing the securities that were transferred will be sent to the transferee
within three business days after the paying agent receives the certificate transferred, by uninsured post at the risk of the holder entitled
to the securities represented by the certificate, to the address specified in the form of transfer.

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