Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013729
Chunk: 212

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 212
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 arrangements for simultaneous attendance and participation by members and proxies at other locations (including, for
a combined physical and electronic meeting, electronic platforms). The chair of a general meeting has express authority to adjourn the
meeting if, in the chair’s opinion, it appears impracticable to hold or continue the meeting because of crowding or unruly conduct
or because an adjournment is otherwise necessary for the proper conduct of the meeting.

The processes and procedures for the conduct of
a general meeting (including adjourning meetings, voting, amending resolutions and appointing proxies) is established under the Articles
of Association and the Companies Act 2006. The chair of a general meeting shall be entitled to take any action the chair considers appropriate
for properly and orderly conduct before and during a general meeting. The directors shall be entitled to ask persons wanting to attend
to submit to searches or other security arrangements as such directors consider appropriate.

At any general meeting which is held only as a
physical meeting, a resolution put to the vote of the meeting will be decided on a poll unless the chair determines that the resolution
will be decided on a show of hands. At any general meeting which is held as a combined physical and electronic meeting, any resolution
and any proposed amendments to it put to the vote of the meeting shall be decided on a poll.

The quorum necessary for the transaction of business
at a general meeting is three members present at the general meeting or represented by proxy and entitled to vote.

Dividends and Other Distributions and Return of Capital

Under the Companies Act 2006, before LBG can lawfully
make a distribution, it must ensure that it has sufficient distributable reserves (accumulated, realized profits, so far as not previously
utilized by distribution or capitalization, less accumulated, realized losses, so far as not previously written off in a reduction or
reorganization of capital duly made). Under the Articles of Association (and subject to statute) the directors are entitled to set aside
out of the profits of LBG any sums as they think proper which, at their discretion, shall be applicable for any purpose to which the profits
of LBG may be applied.

The shareholders in general meeting may by ordinary
resolution declare dividends to be paid to members of LBG, but no dividends shall be declared in excess of the amount recommended by the
directors. The directors may pay fixed dividends on any class of shares carrying a fixed dividend and may also from time to time pay dividends,
inter