Company: LLOBF
Filing Date: 2025-06-06
Form Type: F-3ASR
Source: 0000950103-25-007096
Chunk: 80

Company: Lloyds Banking Group plc
Filing Date: 2025-06-06
Form: F-3ASR
Chunk 80
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 to the provisions of the TIA, the trustee is under no obligation to exercise any of the powers vested in it
by the indenture at the request of any holder of senior debt securities, unless offered indemnity or security satisfactory to the trustee
in its sole discretion, by the holder against the costs, expense and liabilities which might be incurred thereby. Lloyds Bank, the Lloyds
Bank Group and certain members of the Lloyds Bank Group maintain deposit accounts and conduct other banking transactions with The Bank
of New York Mellon in the ordinary course of our business. The Bank of New York Mellon under a nominee name is also the book-entry depositary
with respect to certain of our debt securities.

Consent to Service of Process

Under the indenture, Lloyds Bank irrevocably designates
Kelvina Smith, Chief Legal Officer, Lloyds Securities Inc. and Deputy Chief Legal Officer, North America, Lloyds Bank Corporate Markets
plc (or any successor thereto), currently of 1095 Avenue of the Americas, New York, NY 10036, as the authorized agent for service of process
in any legal action or proceeding arising out of or relating to the indenture or any debt securities brought in any federal or state court
in the Borough of Manhattan, in The City of New York, New York and Lloyds Bank irrevocably submits to the jurisdiction of those courts.

<div align='center'>11

DESCRIPTION OF CERTAIN PROVISIONS RELATING
TO DEBT SECURITIES</div>

Form of Debt Securities; Book-Entry System

General

Unless the relevant prospectus supplement states
otherwise, the debt securities shall initially be represented by one or more global securities in registered form, without coupons attached,
and will be deposited with or on behalf of one or more depositaries, including, without limitation, The Depository Trust Company (“DTC”),
Euroclear Bank SA/NV (“Euroclear”) and/or Clearstream Banking, S.A. (“Clearstream Luxembourg”), and will be registered
in the name of such depositary or its nominee. Unless and until the debt securities are exchanged in whole or in part for other securities
under the terms of the indenture or the global securities are exchanged for definitive securities, the global securities may not be transferred
except as a whole by the depositary to a nominee or a successor of the depositary.

Special procedures to facilitate clearance and
settlement have been established among these clearing systems to trade securities