Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 148

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 148
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 period.

The proceeds from the sale of untraced shares
shall (after payment of the costs of the sale) be forfeited by the relevant holder and shall belong to LBG. LBG shall not be liable or
be required to account to the relevant holder (or other person previously entitled) for the proceeds of such sale. LBG is entitled to
use or invest the proceeds from such sale in any manner that the directors think fit.

Forfeiture and Lien

The directors may by resolution make calls upon
members in respect of any moneys unpaid on their shares (but subject to the terms of allotment of such shares) in the manner required
by the Articles of Association.

If a member fails to pay in full any call or instalment
of a call on or before the due date for payment, then, following notice by the directors requiring payment of the unpaid amount with any
accrued interest and any expenses incurred, such share may be forfeited by a resolution of the directors to that effect (including all
dividends declared in respect of the forfeited share and not actually paid before such forfeiture). A member whose shares have been forfeited
will cease to be a member in respect of the shares, but will, notwithstanding the forfeiture, remain liable to pay to LBG all monies which
at the date of forfeiture were presently payable together with interest. The directors may at their absolute discretion enforce payment
without any allowance for the value of the shares at the time of forfeiture or for any consideration received on their disposal or waive
payment in whole or part.

LBG has a first and paramount lien on every share
(not being a fully paid share) for all monies (whether presently payable or not) called or payable at a fixed time in respect of such
share, and the directors may waive any lien which has arisen and may resolve that any share shall for some limited period be exempt from
such a lien, either wholly or partially.

A forfeited share becomes the property of LBG,
and it may be sold, re-allotted, otherwise disposed of or cancelled as the directors see fit. Any share on which LBG has a lien may be
sold on the terms set out in the Articles of Association. The proceeds of sale shall first be applied towards payment of the amount in
respect of the lien insofar as it is still payable and then on surrender of the share certificate for cancellation (in the case of shares
in certificated form), to the person entitled