Company: LLOBF
Filing Date: 2025-06-06
Form Type: F-3ASR
Source: 0000950103-25-007096
Chunk: 41

Company: Lloyds Banking Group plc
Filing Date: 2025-06-06
Form: F-3ASR
Chunk 41
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 before and during a general meeting. The directors shall be entitled to ask persons wanting to attend
to submit to searches or other security arrangements as such directors consider appropriate.

At any general meeting which is held only as a
physical meeting, a resolution put to the vote of the meeting will be decided on a poll unless the chair determines that the resolution
will be decided on a show of hands. At any general meeting which is held as a combined physical and electronic meeting, any resolution
and any proposed amendments to it put to the vote of the meeting shall be decided on a poll.

The quorum necessary for the transaction of business
at a general meeting is three members present at the general meeting or represented by proxy and entitled to vote.

Dividends and Other Distributions and Return of Capital

Under the Companies Act 2006, before LBG can lawfully
make a distribution, it must ensure that it has sufficient distributable reserves (accumulated, realized profits, so far as not previously
utilized by distribution or capitalization, less accumulated, realized losses, so far as not previously written off in a reduction or
reorganization of capital duly made). Under the Articles of Association (and subject to statute) the directors are entitled to set aside
out of the profits of LBG any sums as they think proper which, at their discretion, shall be applicable for any purpose to which the profits
of LBG may be applied.

The shareholders in general meeting may by ordinary
resolution declare dividends to be paid to members of LBG, but no dividends shall be declared in excess of the amount recommended by the
directors. The directors may pay fixed dividends on any class of shares carrying a fixed dividend and may also from time to time pay dividends,
interim or otherwise, on shares of any class as they think fit. Except in so far as the rights attaching to any shares otherwise provide,
all dividends shall be apportioned and paid pro rata according to the amounts paid up thereon. Subject to the rights attaching to any
shares, any dividend or other monies payable in respect of a share may be paid in such currency or currencies as the directors may determine
using such exchange rates as the directors may select.

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The opportunity to elect to receive new shares
instead of any cash dividend recommended by the directors may be offered to shareholders provided that the directors shall have obtained
in advance the shareholders’ approval to do so as required by the Articles of Association and the procedure under the