Company: LLOBF
Filing Date: 2025-06-06
Form Type: F-3ASR
Source: 0000950103-25-007096
Chunk: 102

Company: Lloyds Banking Group plc
Filing Date: 2025-06-06
Form: F-3ASR
Chunk 102
---
 Director may be indemnified out of the Company’s assets against:

71.1.1 any liability
incurred by or attaching to that Director in connection with any negligence, default, breach of duty or breach of trust in relation to
the Company or an Associated Company;

71.1.2 any liability
incurred by or attaching to that Director in connection with the activities of the Company or an Associated Company in its capacity as
a trustee of an occupational pension scheme (as defined in Section 235(6) of the Companies Act 2006);

71.1.3 any other
liability incurred by or attaching to that Director as an officer of the Company or an Associated Company.

71.2. This Article
71 does not authorise any indemnity which would be prohibited or rendered void by any provision of the Companies Acts or by any other
provision of law.

71.3. Where a Relevant
Director is indemnified against any liability in accordance with this Article, such indemnity shall extend to all costs, charges, losses,
expenses and liabilities incurred by the Relevant Director in relation thereto.

Article 72 Insurance

72.1. The Directors
shall have the power to purchase and maintain insurance, at the expense of the Company, for the benefit of any Relevant Director in respect
of any relevant loss.

72.2. In this Article
72, a “relevant loss” means any loss or liability which has been or may be incurred by a Relevant Director in connection with
that Director’s duties or powers in relation to the Company, any Associated Company or any pension fund or employees’ share
scheme of the Company or Associated Company.

Article 73 Defence expenditure

73.1. So far as
may be permitted by the Companies Acts, the Company may:

73.1.1 provide
a Relevant Director with funds to meet expenditure incurred or to be incurred by the Relevant Director in:

(i) defending any
criminal or civil proceedings in connection with any negligence, default, breach of duty or breach of trust by the Relevant Director in
relation to the Company or an Associated Company; or

(ii) in connection
with any application for relief under the provisions mentioned in Section 205(5) of the Companies Act 2006; and

73.1.2 do anything
to enable any such Relevant Director to avoid incurring such expenditure.

73.2. The terms
set out in Section 205(2) of the Companies Act 2006 shall apply to any provision of