Company: LLOBF
Filing Date: 2025-06-06
Form Type: F-3ASR
Source: 0000950103-25-007096
Chunk: 97

Company: Lloyds Banking Group plc
Filing Date: 2025-06-06
Form: F-3ASR
Chunk 97
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 by the company out of its
own funds against:

128.1.1 any liability
incurred by or attaching to such person in connection with any negligence, default, breach of duty or breach of trust by such person in
relation to the company or any associated company or organisation; and

128.1.2 any other
liability incurred by or attaching to such person in the actual or purported execution and/or discharge of such person’s duties
and/or the exercise or purported exercise of such person’s powers and/or otherwise in relation to or in connection with such person’s
duties, powers or offices.

128.2 Where any
such person is indemnified against any liability in accordance with article 128.1, such indemnity shall extend to all costs, charges,
losses, expenses and liabilities incurred by such person in relation thereto.

129 Insurance

Without prejudice to article 128 above, the directors shall
have power to purchase and maintain insurance for or for the benefit of any person who is or was at any time a director, officer, employee
or trustee of the company or of any associated company or organisation, including insurance against any liability incurred by or attaching
to such person in respect of any act or omission in the actual or purported execution and/or discharge of such person’s duties and/or
in the exercise or purported exercise of such person’s powers and/or otherwise in relation to or in connection with such person’s
duties, powers or offices in relation to the company or any associated company or organisation, (and all costs, charges, losses, expenses
and liabilities incurred by such person in relation thereto).

<div align='center'>II-1</div>

130 Defence expenditure

130.1 Subject to
the provisions of, and so far as may be permitted by and consistent with, the statutes, the company:

130.1.1 may provide
any person who is or was at any time a director, officer, employee or trustee of the company or of any associated company or organisation
with funds to meet expenditure incurred or to be incurred by such person in defending any criminal or civil proceedings in connection
with any negligence, default, breach of duty or breach of trust by such person in relation to the company or any associated company or
organisation or in connection with any application for relief from liability under the statutes; and

130.1.2 may do
anything to enable any such a person to avoid incurring such expenditure.

130.2 Subject to
the provisions of