Company: LLOBF
Filing Date: 2025-06-06
Form Type: F-3ASR
Source: 0000950103-25-007096
Chunk: 104

Company: Lloyds Banking Group plc
Filing Date: 2025-06-06
Form: F-3ASR
Chunk 104
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(ii) a sum payable to a regulatory authority by
way of a penalty in respect of non-compliance with any requirement of a regulatory nature (however arising); or

(b) any liability incurred by the director:

(i) in defending criminal proceedings in which
he is convicted, or

(ii) in defending civil proceedings brought by
the company, or an associated company, in which judgment is given against him, or

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(iii) in connection with an application for relief
(see subsection (6)) in which the court refuses to grant him relief.

(4) The references in subsection (3)(b) to a conviction,
judgment or refusal of relief are to the final decision in the proceedings.

(5) For this purpose:

(a) a conviction, judgment or refusal of relief
becomes final:

(i) if not appealed against, at the end of the
period for bringing an appeal, or

(ii) if appealed against, at the time when the
appeal (or any further appeal) is disposed of; and

(b) an appeal is disposed of:

(i) if it is determined and the period for bringing
any further appeal has ended, or

(ii) if it is abandoned or otherwise ceases to
have effect.

(6) The reference in subsection (3)(b)(iii) to
an application for relief is to an application for relief under section 661(3) or (4) (power of court to grant relief in case of acquisition
of shares by innocent nominee), or section 1157 (general power of court to grant relief in case of honest and reasonable conduct).

Section 1157 of the Companies Act 2006 provides:

(1) If in proceedings for negligence, default,
breach of duty or breach of trust against:

(a) an officer of a company, or

(b) a person employed by a company as auditor
(whether he is or is not an officer of the company), it appears to the court hearing the case that the officer or person is or may be
liable but that he acted honestly and reasonably, and that having regard to all the circumstances of the case (including those connected
with his appointment) he ought fairly to be excused, the court may relieve him, either wholly or in part, from his liability on such terms
as it thinks fit.

(2) If any such officer or person has reason to
apprehend that a claim will or might be