Company: LLOBF
Filing Date: 2025-06-06
Form Type: F-3ASR
Source: 0000950103-25-007096
Chunk: 33

Company: Lloyds Banking Group plc
Filing Date: 2025-06-06
Form: F-3ASR
Chunk 33
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and facilitates the clearance and settlement of securities transactions among its participants through electronic book-entry changes in
accounts of its participants, thereby eliminating the need for physical movement of certificates. Clearstream Luxembourg provides to its
participants, among other things, services for safekeeping, administration, clearance and settlement of internationally traded securities
and securities lending and borrowing. Clearstream Luxembourg interfaces with domestic markets in several countries.

Clearstream Luxembourg’s customers include
worldwide securities brokers and dealers, banks, trust companies and clearing corporations and may include professional financial intermediaries.
Its U.S. customers are limited to securities brokers, dealers and banks. Indirect access to the Clearstream Luxembourg system is also
available to others that clear through Clearstream Luxembourg customers or that have custodial relationships with its customers, such
as banks, brokers, dealers and trust companies. Clearstream Luxembourg is an indirect participant in DTC.

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Clearstream Luxembourg has established an electronic bridge with Euroclear
to facilitate settlement of trades between Clearstream Luxembourg and Euroclear. Distributions with respect to the securities held beneficially
through Clearstream Luxembourg are credited to cash accounts of Clearstream Luxembourg customers in accordance with its rules and procedures,
to the extent received by Clearstream Luxembourg.

Other Clearing Systems. We may choose any
other clearing system for a particular series of securities. The clearance and settlement procedures for the clearing system we choose
will be described in the applicable prospectus supplement.

Primary Distribution

The distribution of debt securities and capital
securities will be cleared through one or more of the clearing systems that we have described above or any other clearing system that
is specified in the applicable prospectus supplement. Payment for debt securities and capital securities will be made on a delivery versus
payment or free delivery basis. These payment procedures will be more fully described in the applicable prospectus supplement.

Clearance and settlement procedures may vary from
one series of debt securities and capital securities, as applicable, to another according to the currency that is chosen for the specific
series of debt securities or capital securities. Customary clearance and settlement procedures are described below.

We will submit applications to the relevant system
or systems for the debt securities and capital securities to be accepted for clearance. The clearance numbers that are applicable to each
clearance system will be specified in the applicable prospectus supplement.

Clearance and Settlement Procedures

DTC. DTC participants that hold debt securities
or capital securities, as applicable, through DTC on behalf of investors will follow the settlement practices