Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 131

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 131
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 (or any successor thereto), currently of 1095 Avenue of the Americas, New York, NY 10036, as the authorized agent for service of process
in any legal action or proceeding arising out of or relating to the indenture or any capital securities brought in any federal or state
court in the Borough of Manhattan, in The City of New York, New York and LBG irrevocably submits to the jurisdiction of those courts.

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DESCRIPTION OF CERTAIN PROVISIONS RELATING TO DEBT SECURITIES AND CAPITAL SECURITIES</div>

Form of Debt Securities and Capital Securities; Book-Entry System

General

Unless the relevant prospectus supplement states
otherwise, the debt securities and capital securities shall initially be represented by one or more global securities in registered form,
without coupons attached, and will be deposited with or on behalf of one or more depositaries, including, without limitation, The Depository
Trust Company (“DTC”), Euroclear Bank SA/NV (“Euroclear”) and/or Clearstream Banking, S.A. (“Clearstream
Luxembourg”), and will be registered in the name of such depositary or its nominee. Unless and until the debt securities or capital
securities, as applicable, are exchanged in whole or in part for other securities under the terms of the applicable indenture or the global
securities are exchanged for definitive securities, the global securities may not be transferred except as a whole by the depositary to
a nominee or a successor of the depositary.

Special procedures to facilitate clearance and
settlement have been established among these clearing systems to trade securities across borders in the secondary market. Where payments
for securities we issue in global form will be made in U.S. dollars, these procedures can be used for cross-market transfers and the securities
will be cleared and settled on a delivery against payment basis. Cross-market transfers of securities that are not in global form may
be cleared and settled in accordance with other procedures that may be established among the clearing systems for these securities.

The debt securities and capital securities may
be accepted for clearance by DTC, Euroclear and Clearstream Luxembourg.

Neither we nor the trustee nor any of our or their
agents has any responsibility for any aspect of the actions of DTC, Euroclear or Clearstream Luxembourg or any of their direct or indirect
participants. Neither we nor the trustee nor any of our or their agents has any responsibility for any aspect of the records kept by DTC,
Euroclear or Clear