Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 121

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 121
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 duties and responsibilities specified with respect to an indenture trustee under the Trust Indenture Act of 1939, as amended
(the “TIA”). Subject to the provisions of the TIA, the trustee is under no obligation to exercise any of the powers vested
in it by the indentures at the request of any holder of notes, unless offered indemnity or security satisfactory to the trustee in its
sole discretion, by the holder against the costs, expense and liabilities which might be incurred thereby. LBG and certain members of
the Group maintain deposit accounts and conduct other banking transactions with The Bank of New York Mellon in the ordinary course of
our business. The Bank of New York Mellon under a nominee name is also the book-entry depositary with respect to certain of our debt securities
and the depositary with respect to the ADSs representing certain of our ordinary shares.

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Consent to Service of Process

Under the indentures, LBG irrevocably designates
Kelvina Smith, Chief Legal Officer, Lloyds Securities Inc. and Deputy Chief Legal Officer, North America, Lloyds Bank Corporate Markets
plc (or any successor thereto), currently of 1095 Avenue of the Americas, New York, NY 10036, as the authorized agent for service of process
in any legal action or proceeding arising out of or relating to the indentures or any debt securities brought in any federal or state
court in the Borough of Manhattan, in The City of New York, New York and LBG irrevocably submits to the jurisdiction of those courts.

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DESCRIPTION OF CAPITAL SECURITIES</div>

The following is a summary of the general terms of the capital securities we may issue under this registration statement. Each time that capital securities are issued, a prospectus supplement will be filed with the SEC, which you should read carefully. The prospectus supplement will summarize specific financial terms of your security and may contain additional terms of those capital securities. The terms presented here, together with the terms contained in the prospectus supplement, will be a description of the material terms of the capital securities, but if there is any inconsistency between the terms presented here and those in the prospectus supplement, those in the prospectus supplement will apply and will replace those presented here. Therefore, the statements we make below in this section may not apply to your capital security. Capital securities will be issued under an indenture. The indenture is a contract