Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 144

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 144
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 LBG. LBG shall be entitled to use such unclaimed or unclaimed dividend or other moneys payable
to a member for its benefit in any manner that the directors may think fit. LBG shall not be a trustee of dividends or other moneys payable
that have not been cashed or claimed and it shall not be liable to pay interest on such dividends or other moneys.

On a return of capital, whether in a winding-up
or otherwise, the assets of LBG available for distribution among the members will be distributed first to the holders of the preference
shares in accordance with rights attached to them on issue. The balance of any assets, subject to the rights of any other class of shares,
will then be distributed to each holder of ordinary shares rateably by reference to the proportion of ordinary share capital held by that
holder, relative to the aggregate total issued ordinary share capital.

LBG’s ordinary shares do not confer any
rights of redemption. Rights of redemption in respect of LBG’s preference shares shall be as the directors determine on allotment.

LBG may, subject to applicable law and to the
Articles of Association, issue redeemable shares and redeem the same. LBG has issued certain preference shares which are redeemable. In
general, subject to applicable law and the approval of the U.K. Prudential Regulation Authority, some of these shares are redeemable by
LBG on a specified date and in some cases, thereafter on relevant dividend payment dates. Others are redeemable at any time during a specified
period and following the occurrence of specified regulatory events.

Under the Articles of Association and the Companies
Act 2006, the liability of shareholders is limited to the amount (if any) for the time being unpaid on the shares held by that shareholder.

Variation of Rights and Alteration of Capital

Subject to the provisions of the Companies Act
2006, the Uncertificated Securities Regulations 2001 and every other statute for the time being in force or any judgment or order of any
court of competent jurisdiction concerning companies and affecting LBG (the statutes), the rights attached to any class of shares for
the time being in issue may be varied or abrogated with the consent in writing of the holders of not less than three-quarters in nominal
value of the issued shares of that class or with the sanction of a special resolution passed at a separate meeting of the holders of shares
of that class. At any such separate meeting, the provisions of the Articles of