Company: LLOBF
Filing Date: 2025-10-29
Form Type: 424B2
Source: 0000950103-25-013799
Chunk: 57

Company: Lloyds Banking Group plc
Filing Date: 2025-10-29
Form: 424B2
Chunk 57
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 aggregate principal amount of the outstanding
Senior Notes of such series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available
to the Trustee or exercising any trust or power conferred on the Trustee, if the direction is not in conflict with any rule of law or
with the Indenture and does not expose the Trustee to undue risk and the action would not be unjustly prejudicial to the holder or holders
of the Senior Notes not taking part in that direction. The Trustee may take any other action that it deems proper which is not inconsistent
with that direction.

The Indenture provides that the Trustee will,
within 90 days after the occurrence of an Event of Default or a Default, give to each holder of a series of Senior Notes notice of the
Event of Default or Default known to it, unless the Event of Default or Default, has been cured or waived in respect of such series. However,
the Trustee shall be protected in withholding notice if it determines in good faith that withholding notice is in the interest of the
holders.

<div align='center'>S-37</div>

We are required to furnish to the Trustee a statement
as to our compliance with all conditions and covenants under the Indenture (i) annually, and (ii) within five business days of a written
request from the Trustee.

Additional Issuances

We may, without the consent of the holders of
a series of Senior Notes, issue additional notes having the same ranking and same interest rate, maturity date, redemption terms and other
terms as such series of Senior Notes described in this prospectus supplement except for the price to the public, issue date and first
interest payment date, provided however that such additional notes that form part of any series of Senior Notes described in this prospectus
supplement and are issued with the same CUSIP, Common Code and/or ISIN number or numbers as the outstanding Senior Notes of the relevant
series must be fungible with the outstanding Senior Notes of that series for U.S. federal income tax purposes. Any such additional notes,
together with the Senior Notes offered by this prospectus supplement, will constitute a single series of securities under the Indenture.
There is no limitation on the amount of Senior Notes or other debt securities that we may issue under such indenture.

Tax Redemption

In addition to our right to redeem each series
of Senior Notes described above under “—Optional Redemption”, we may