Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 51

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 51
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” means any day, other
than Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions are authorized or required by law or
regulation to close in the City of New York or in the City of London.

All payments in respect of the Senior Notes by
us or our paying agent will be made subject to any deduction or withholding that may be imposed or levied by any jurisdiction. Except
as provided under “—Payment of Additional Amounts” below, no additional amounts will be paid on the Senior Notes
with respect to any such amounts withheld. For the avoidance of doubt, notwithstanding anything to the contrary herein, if by reason of
any agreement with the U.S. Internal Revenue Service in connection with Sections 1471-1474 of the U.S. Internal Revenue Code and the U.S.
Treasury regulations thereunder (“FATCA”), any intergovernmental agreement between the United States and the United Kingdom
or any other jurisdiction with respect to FATCA, or any law, regulation or other official guidance enacted or issued in any jurisdiction
implementing, or relating to, FATCA or any intergovernmental agreement, any of us, the Trustee, our paying agent or another withholding
agent deducts and withholds from any amount payable on, or in respect of, the Senior Notes, the amounts so deducted or withheld shall
be treated as having been paid to the holder of the Senior Notes, and no additional amounts will be paid on account of any such deduction
or withholding. Neither we, the Trustee nor our paying agent shall have any liability in connection with our compliance with any such
withholding obligation under applicable law.

Optional Redemption

On at least 5 business days’ but no more
than 30 business days’ prior written notice delivered to the registered holders of a series of Senior Notes, we may, in our sole
discretion (but subject to, if and to the extent then required by the Relevant Regulator or the Loss Absorption Regulations, our giving
notice to the Relevant Regulator and the Relevant Regulator granting us permission) redeem that series of Senior Notes, in whole, but
not in part, on June 13, 2028, at a redemption price equal to 100% of the principal amount of such series of Senior Notes plus
accrued and unpaid interest thereon, if any, to, but excluding, the date of redemption (the “Senior Notes redemption date”).

Agreement with Respect to the Exercise of