Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 140

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 140
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DESCRIPTION OF ORDINARY SHARES</div>

The following is a summary of the material terms of the ordinary shares of nominal value of £0.10, as set forth in our Articles of Association and the material provisions of U.K. law. This description is a summary and does not purport to be complete. You are encouraged to read our Articles of Association, which are filed as an exhibit to the Group’s Annual Report on Form 20-F for the fiscal year ended December 31, 2021, incorporated by reference into this document.

Share Capital

As at December 31, 2024, the number of shares
outstanding was as follows:

| Class                                             
 of Share                                          |         number 
 (in thousands) |   amount 
  (in £m) |
| Ordinary shares, nominal value of 10 pence each   |     60,617,013 | 6,061.70 |
| Preference shares, nominal value of 25 pence each |        296,141 |    74.04 |
| Preference shares, nominal value of 25 cents each |             87 |    0.021 |

Objects of LBG

The objects of LBG are unrestricted.

Rights Attaching to Shares

Any share in LBG may be issued with any preferred,
deferred or other special rights (including being denominated in another currency), or subject to such restrictions (whether as regards
dividend, returns of capital, voting or otherwise) as LBG may from time to time determine by ordinary resolution or as otherwise provided
in the Articles of Association. Subject to statute, LBG may issue any shares which are, or at LBG’s option are, liable to be redeemed.
The directors may determine the terms and conditions and manner of such redemption.

Voting Rights

For the purposes of determining which persons
are entitled to attend or vote at a meeting and how many votes such persons may cast, LBG may specify in the notice of the meeting a time,
not more than 48 hours before the time fixed for the meeting, by which a person must be entered on the register in order to have the right
to attend or vote at the meeting.

Every holder of ordinary shares who is entitled
to be and is present (either in person or by electronic means) (including any corporation by its duly authorized representative) at a
general meeting of LBG and is entitled to vote will have one vote on a show of hands and, on a poll, if present in person