Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 149

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 149
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 to the shares at the time of sale.

Winding-up

The directors have the power, in the name and
on behalf of LBG, to present a petition to the court for LBG to be wound up.

Any winding up of LBG shall be undertaken in accordance
with relevant insolvency legislation, regulation, rules or otherwise required by law.

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DESCRIPTION OF AMERICAN DEPOSITARY SHARES</div>

The following is a summary of the general terms and provisions of the deposit agreement under which the Depositary will deliver the American Depositary Shares (“ADSs”). The deposit agreement is among us, The Bank of New York Mellon, as Depositary, and all registered holders and beneficial owners from time to time of ADSs issued under it. This summary does not purport to be complete. You should read the deposit agreement, which we have filed with the SEC as an exhibit to the registration statement of which this prospectus is a part. You may also read the deposit agreement at the depositary offices of The Bank of New York Mellon in The City of New York and the offices of the Custodian in London. The principal executive office of the Depositary and its depositary office is currently located at 240 Greenwich Street, New York, NY 10286.

American Depositary Shares

The Bank of New York Mellon, as Depositary, will
register and deliver ADSs pursuant to the deposit agreement. Each ADS will represent four ordinary shares, or evidence of the right to
receive four ordinary shares, deposited with the Custodian and registered in the name of the Depositary or its nominee (such ordinary
shares, together with any additional ordinary shares at any time deposited or deemed deposited under the deposit agreement and any other
securities, cash or other property received by the Depositary or the Custodian in respect of such ordinary shares, the “Deposited
Securities”).

ADSs can be held either (A) directly (i) by having
an American Depositary Receipt (“ADR”), which is a certificate evidencing a specific number of ADSs, registered in the holder’s
name, or (ii) by having ADSs registered in the owner’s name in the Direct Registration System (“DRS”), or (B) indirectly
by holding a security entitlement in ADSs through a broker or other financial institution. A direct holder of an ADS is an ADS registered
holder. This description assumes that each holder is an ADS registered holder. Indirect holders of ADSs must rely on