Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 147

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 147
---

that person to confirm whether they have or had such an interest and if so provide details of that interest as required by the notice.

Under the Articles of Association and U.K. law,
if a person fails to comply with such a notice or provides information that is false in a material particular in respect of any shares
(the default shares), the LBG directors may serve a restriction notice on such a person. Such a restriction notice will state that the
default shares and, if the LBG directors determine, any other shares held by that person, shall not confer any right to attend or vote
at any general meeting of LBG.

In respect of a person with a 0.25% or more interest
in the issued shares of the class in question, the LBG directors may direct by notice to such member that, subject to certain exceptions,
no transfers of shares held by such person shall be registered and/or that any dividends or other payments on the default shares shall
be retained by LBG pending receipt by LBG of the information requested by the LBG directors. Certain consequences of the issue of a restriction
notice are outlined above.

<div align='center'>32</div>

Mandatory Takeover Bids, Squeeze-Out and Sell-out Rules

Other than as provided by the Companies Act 2006
and the City Code on Takeovers and Mergers, there are no rules or provisions relating to mandatory bids and/or squeeze-out and sell-out
rules in relation to the ordinary shares.

Untraced Members

LBG is entitled to sell any share registered in
the name of a member (or any other person entitled to such shares by virtue of transmission on death or bankruptcy or otherwise at law)
provided that: (i) such shares remaining untraced for 12 years and during that period at least three dividends in respect of such shares
have become payable and no dividend in respect of those shares has been claimed; (ii) LBG uses reasonable efforts to trace the relevant
holder and, following the expiry of the 12 year period, sends a notice to the last known physical or email address of such holder stating
LBG’s intention to sell the shares; and (iii) during the three months following sending such notice, LBG does not receive any communication
from such holder. LBG can also sell any additional shares held by the relevant holder that were issued during such 12 year period provided
that no dividend on such additional shares has been cashed or claimed by the relevant holder during such