Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 153

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 153
---
 align='center'>35</div>

Voting of the Underlying Deposited Securities

When the Depositary receives notice of any meeting
of holders of ordinary shares, it will, if we request, as soon as practicable thereafter, mail to the record holders of ADSs a notice
including:

| · | the information contained in the notice of meeting provided by us; |

| · | a statement that the record holders of ADSs at the close of business on a specified record date will be entitled, subject to any applicable 
 provision of Scottish law and the Articles of Association or any similar document of ours, to instruct the Depositary as to the exercise    
 of any voting rights pertaining to the ordinary shares represented by their ADSs; and                                                       |

| · | a brief explanation of how they may give instructions. |

The Depositary has agreed that it will endeavor,
in so far as practical, to vote or cause to be voted the ordinary shares in accordance with any written non-discretionary instructions
of record holders of ADSs that it receives on or before the date set by the Depositary for that purpose. However, holders of ADSs may
not receive notice or otherwise learn of a meeting of holders of ordinary shares in time to instruct the Depositary prior to a cut-off
date the Depositary will set. The Depositary will not vote the ordinary shares except in accordance with such instructions.

Holders of ADSs will not be entitled to vote ordinary
shares directly.

Inspection of Transfer Books

The Depositary will, at its office in New York
City, keep books for the registration and transfer of ADSs. These books will be open for inspection by ADS holders at all reasonable times.
However, this inspection may not be for the purpose of communicating with ADS holders in the interest of a business or object other than
our business or a matter related to the deposit agreement or the ADSs.

Reports and Notices

We will furnish the Depositary with our annual
and interim reports as described under “Incorporation of Documents by Reference”. The Depositary will make available at its
office in New York City, for any ADS holder to inspect, any reports and communications received from us that are both received by the
Depositary as holder of ordinary shares and made generally available by us to the holders of those ordinary shares, including our annual
report and accounts and interim report and accounts. Upon our written request, the Depositary will mail copies of those reports to ADS
holders as provided in the deposit agreement.