Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013683
Chunk: 133

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 133
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ends and other distributions pertaining to the ordinary shares. It will also continue to sell rights and other property as provided
in the deposit agreement and deliver ordinary shares, together with any dividends or other distributions received with respect to them
and the net proceeds of the sale of any rights or other property, in exchange for ADSs surrendered to it.

At any time after the date of termination of the
deposit agreement, the Depositary may sell the ordinary shares then held. The Depositary will then hold uninvested the net proceeds of
any such sales, together with any other cash then held by it under the deposit agreement, unsegregated and without liability for interest,
for the pro rata benefit of the holders of ADSs that have not previously been surrendered.

Charges of the Depositary

The following charges shall be incurred by any
party depositing or withdrawing ordinary shares, or by any party surrendering ADSs or to whom ADSs are issued:

| $5.00 (or less) per 100 ADSs (or portion of 100 ADSs)                                                                                              | Issuance of ADSs, including issuances resulting from a distribution                                                                               
 of shares or rights or other property.                                                                                                            
 Cancellation of ADSs for the purpose of withdrawal, including if                                                                                  
 the deposit agreement terminates.                                                                                                                 |
| $.02 (or less) per ADS                                                                                                                             | Any cash distribution to ADS registered holders (including dividends).                                                                            |
| A fee equivalent to the fee that would be payable if securities distributed had been shares and the shares had been deposited for issuance of ADSs | Distribution of securities distributed to holders of deposited securities which are distributed by the depositary to ADS registered holders.      |
| $.02 (or less) per ADSs per calendar year                                                                                                          | Depositary services.                                                                                                                              |
| Registration or transfer fees                                                                                                                      | Transfer and registration of shares on the share register to or from the name of the depositary or its agent when you deposit or withdraw shares. |

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| Expenses of the depositary                                                                                                                                                                 | Cable, telex and facsimile transmissions (when expressly provided 
 in the deposit agreement).                                        
 Converting foreign currency to US Dollars.                        |
| Taxes and other governmental charges the depositary or the custodian have to pay on any ADS or share underlying an ADS, for example, stock transfer taxes, stamp duty or withholding taxes | As necessary.                                                     |
| Any charges incurred by the depositary or its agents for servicing the deposited securities