Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013683
Chunk: 13

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 13
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 but unpaid with respect to the Senior Notes.                   
 For further details, see “Description of the                                                                                                   
 Senior Notes—Events of Default; Default; Limitation of Remedies” in the accompanying prospectus and “Risk Factors—Risks                        
 relating to the Senior Notes” in this prospectus supplement.                                                                                   |

<div align='center'>S-10</div>

| Agreement with Respect to the Exercise of U.K. Bail-in Power | Notwithstanding any other agreements, arrangements, or understandings                                                                          
 between us and any holder or beneficial owner of the Senior Notes by purchasing or acquiring the Senior Notes, each holder (including          
 each beneficial owner) of the Senior Notes acknowledges, accepts, agrees to be bound by  and consents to the exercise of any                   
 U.K. bail-in power (as defined below) by the relevant U.K. resolution authority that may result in (i) the reduction or cancellation of        
 all, or a portion, of the principal amount of, or interest on, the Senior Notes; (ii) the conversion of all, or a portion, of the principal    
 amount of, or interest on, the Senior Notes into shares or other securities or other obligations of LBG or another person (and the issue       
 to or conferral on the holder of such shares, securities or obligations, including by means of amendment, modification or variation of         
 the terms of the Senior Notes); and/or (iii) the amendment or alteration of the maturity of the Senior Notes, or amendment of the amount       
 of interest due on the Senior Notes, or the dates on which interest becomes payable, including by suspending payment for a temporary period;   
 any U.K. bail-in power may be exercised by means of variation of the terms of the Senior Notes solely to give effect to the exercise by        
 the relevant U.K. resolution authority of such U.K. bail-in power. With respect to (i), (ii) and (iii) above, references to principal          
 and interest shall include payments of principal and interest that have become due and payable (including principal that has become due        
 and payable at the relevant maturity date), but which have not been paid, prior to the exercise of any U.K. bail-in power. Each holder         
 and each beneficial owner of the Senior Notes further acknowledges and agrees that the rights of the holders and/or beneficial owners          
 under the Senior Notes are subject to, and will be varied, if necessary, solely to give effect to, the exercise of any U.K. bail-in power