Company: LLOBF
Filing Date: 2025-06-06
Form Type: F-3ASR
Source: 0000950103-25-007096
Chunk: 74

Company: Lloyds Banking Group plc
Filing Date: 2025-06-06
Form: F-3ASR
Chunk 74
---
IN number or numbers, if any, with respect to the senior debt securities being redeemed. |

In the case of a partial redemption, the trustee
shall select the senior debt securities to be redeemed in any manner which it deems fair and appropriate, and consistent with the rules
and regulations of the applicable clearing system.

We or any of our respective subsidiaries may at
any time and from time to time purchase senior debt securities of any series in the open market or by tender (available to each holder
of senior debt securities of the relevant series) or by private agreement, if applicable law permits. Any senior debt securities of any
series that we purchase beneficially for our account, other than in connection with dealing in securities, will be treated as cancelled
and will no longer be issued and outstanding.

Modification and Waiver

We and the trustee may make certain modifications
and amendments to the indenture with respect to any series of debt securities without the consent of the holders of the debt securities.
Other modifications and amendments may be made to the indenture with the consent of the holder or holders of not less than a majority
in aggregate outstanding principal amount of the debt securities of the series outstanding under the indenture that are affected by the
modification or amendment, voting as one class. However, no modifications or amendments may be made without the consent of the holder
of each debt security affected that would:

<div align='center'>7</div>

| · | change the stated maturity of the principal amount of any debt security; |

| · | reduce the principal amount of, the interest rates on, or any premium payable upon the redemption of, with respect to, any debt security; |

| · | reduce the amount of principal of discount securities that would be due and payable upon an acceleration of their maturity date; |

| · | change any obligation to pay Additional Amounts; |

| · | change the currency of payment; |

| · | impair the right to institute suit for the enforcement of any payment due and payable; |

| · | reduce the percentage in aggregate principal amount of outstanding debt securities of any series necessary to modify or amend the     
 indenture or to waive compliance with certain provisions of the indenture and any Senior Debt Security Event of Default (as such term 
 is defined below);                                                                                                                    |

| · | modify the terms of our obligations in respect of the due and punctual payments of the amounts due and payable on the senior debt 
 securities in a manner adverse to the holders; or                                                                                 |

| · | modify any