Company: LLOBF
Filing Date: 2025-02-25
Form Type: 424B2
Source: 0000950103-25-002401
Chunk: 183

Company: Lloyds Banking Group plc
Filing Date: 2025-02-25
Form: 424B2
Chunk 183
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 laws or regulations of a U.K. taxing jurisdiction, including any treaty to which it is a party, or any change in the application
or interpretation of those laws or regulations, including a decision of any court or tribunal which change or amendment becomes effective
or applicable on or after a date included in the terms of such senior debt securities:

·in making any payments on the particular series of senior debt securities, we have paid or will or would on the next interest payment
date be required to pay Additional Amounts;

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·the payment of interest on the next interest payment date in respect of any of the series of senior debt securities would be treated
as “a distribution” within the meaning of Chapter 2, Part 23 of the Corporation Tax Act 2010 of the United Kingdom, or any
statutory modification or reenactment of such Act; or

·on the next interest payment date we would not be entitled to claim a deduction in respect of the payment of interest in computing
our U.K. taxation liabilities, or the value of such deduction to us would be materially reduced.

Prior to the giving of any notice of redemption,
we must deliver to the trustee (i) a written legal opinion of independent United Kingdom counsel of recognized standing selected by us
in a form satisfactory to the trustee confirming that the relevant change or amendment has occurred and that we are entitled to exercise
its right of redemption; and (ii) an officer’s certificate, evidencing compliance with such provisions and stating that we are entitled
to redeem the senior debt securities pursuant to the terms of such senior debt securities.

Optional Redemption of Senior Debt Securities

The relevant prospectus supplement will specify
whether or not the relevant issuer may redeem the senior debt securities of any series, in whole or in part, at its option, including
any conditions to its right to exercise such option, in any other circumstances and, if so, the prices and any premium at which and the
dates on which it may do so. Any notice of redemption of senior debt securities of any series will state, among other items:

·the redemption date;

·the relevant regular record date or special record date;

·the amount of senior debt securities to be redeemed if less than all of the outstanding senior debt securities of any series is
to be redeemed;

·the redemption price;

·that, the redemption price will become due and payable on the redemption date and, if applicable, that interest will cease to accrue
on such date