Company: LLOBF
Filing Date: 2025-06-10
Form Type: 424B2
Source: 0000950103-25-007181
Chunk: 63

Company: Lloyds Banking Group plc
Filing Date: 2025-06-10
Form: 424B2
Chunk 63
---
 income, stamp and other taxes, levies, imposts,
duties, charges, or fees imposed, levied, collected, withheld or assessed by or on behalf of a U.K. taxing jurisdiction, unless such deduction
or withholding is required by law. If at any time a U.K. taxing jurisdiction requires us to make such deduction or withholding, we will
pay additional amounts with respect to interest only on the Senior Notes (“Senior Notes Additional Amounts”) that are necessary
in order that the net amounts of interest paid to the holders of the Senior Notes, after the deduction or withholding, shall equal the
amounts of interest only which would have been payable on the Senior Notes if the deduction or withholding had not been required. However,
this will not apply to any such amount that would not have been payable or due but for the fact that:

| · | the holder or the beneficial owner of the relevant Senior Notes is a domiciliary, national or resident of, or engaging in business     
 or maintaining a permanent establishment or physically present in, a U.K. taxing jurisdiction or otherwise having some connection with 
 the U.K. taxing jurisdiction other than the holding or ownership of the relevant Senior Note, or the collection of any payment of, or  
 in respect of, principal of, or any interest or other payment on, the relevant Senior Note;                                            |

| · | except in the case of a winding up in the United Kingdom, the relevant Senior Notes are presented (where presentation is required) 
 for payment in the United Kingdom;                                                                                                 |

·
the relevant Senior Notes are presented (where presentation is required) for payment more than 30 days after the date payment became
due or was provided for, whichever is later, except to the extent that the holder would have been entitled to the Senior Notes
Additional Amounts on presenting the Senior Notes for payment at the close of that 30 day period;

· the
holder or the beneficial owner of the relevant Senior Notes or the beneficial owner of any payment of or in respect of principal of, or
any interest or other payment on, the relevant Senior Notes failed to comply with a request by us or our liquidator or other authorized
person addressed to the holder to provide information concerning the nationality, residence or identity of the holder or the beneficial
owner or to make any declaration or other similar claim to satisfy any requirement, which is required or imposed by a statute, treaty,
regulation or administrative practice of a U.K. taxing jurisdiction as a precondition to exemption from all