Company: LLOBF
Filing Date: 2025-02-25
Form Type: 424B2
Source: 0000950103-25-002401
Chunk: 195

Company: Lloyds Banking Group plc
Filing Date: 2025-02-25
Form: 424B2
Chunk 195
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alf of the U.K. taxing jurisdiction, unless such withholding or deduction is required by law. If at any time a U.K. taxing jurisdiction
requires us to make such deduction or withholding of any such tax, duty, assessment or governmental charge, unless the relevant prospectus
supplement provides otherwise, we will pay such additional amounts in respect of payments of interest, if any, on any series of capital
securities (“Additional Amounts”) as may be necessary in order that the net amounts paid to the holders of the capital securities,
after such deduction or withholding, shall equal the respective amounts of interest, if any, which would have been payable in respect
of such capital securities had no such deduction or withholding been required. However, no such Additional Amounts will be payable with
respect to any capital security:

·held by or on behalf of any holder who is liable to such tax, duty, assessment or governmental charge in respect of such capital
security by reason of such holder having some connection with the United Kingdom other than the mere holding of such capital security;

·to, or to a third party on behalf of, a holder if such withholding or deduction may be avoided by complying with any statutory
requirement or by making a declaration of non-residence or other similar claim for exemption to any authority of or in the United Kingdom,
unless such holder proves that he is not entitled so to comply or to make such declaration or claim;

·to, or to a third party on behalf of, a holder that is a partnership, or a holder that is not the sole beneficial owner of the
capital security, or which holds the capital security in a fiduciary capacity, to the extent that any of the members of the partnership,
the beneficial owner or the settlor or beneficiary with respect to the fiduciary would not have been entitled to the payment of an additional
amount had each of the members of the partnership, the beneficial owner, settlor or beneficiary (as the case may be) received directly
its beneficial or distributive share of the payment;

·presented or surrendered for payment more than 30 days after the date payment became due or was provided for, except to the extent
that the Holder thereof would have been entitled to such Additional Amounts on presenting or surrendering the same for payment at the
expiry of such period of 30 days; or

·any combination of the above.

Whenever this prospectus or the relevant prospectus
supplement mentions, in any context, the payment of interest on,