Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013729
Chunk: 154

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 154
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 the United Kingdom withholding taxation treatment in relation to payments of principal and interest in respect of the Additional Tier 1 Securities and of the United Kingdom stamp duty and stamp duty reserve tax implications of the issue and transfer of the Additional Tier 1 Securities. It is based on current law and the published practice of HM Revenue and Customs (“HMRC”), which may be subject to change, sometimes with retrospective effect. The comments do not deal with other United Kingdom tax aspects of acquiring, holding or disposing of Additional Tier 1 Securities. The comments relate only to the position of persons who are absolute beneficial owners of the Additional Tier 1 Securities. The following is a general guide for information purposes and should be treated with appropriate caution. It is not intended as tax advice and it does not purport to describe all of the tax considerations that may be relevant to a prospective purchaser. Holders of the Additional Tier 1 Securities who are in any doubt as to their tax position should consult their professional advisers. Holders of the Additional Tier 1 Securities who may be liable to taxation in jurisdictions other than the United Kingdom in respect of their acquisition, holding or disposal of the Additional Tier 1 Securities are particularly advised to consult their professional advisers as to whether they are so liable (and if so under the laws of which jurisdictions), since the following comments relate only to certain United Kingdom taxation aspects of payments in respect of the Additional Tier 1 Securities. In particular, Holders of the Additional Tier 1 Securities should be aware that they may be liable to taxation under the laws of other jurisdictions in relation to payments in respect of the Additional Tier 1 Securities even if such payments may be made without withholding or deduction for or on account of taxation under the laws of the United Kingdom.

Withholding

The Additional Tier 1 Securities which carry a right to interest will constitute “quoted Eurobonds” provided they are and continue to be listed on a recognized stock exchange (within the meaning of section 1005 of the Income Tax Act 2007 for the purposes of section 987 of the Income Tax Act 2007) or admitted to trading on a multilateral trading facility operated by a regulated recognized stock exchange (within the meaning of section 987 of the Income Tax Act 2007). While the Additional Tier 1 Securities are and continue to be quoted Eurobonds, payments of interest by LBG may be made without withholding or deduction for or on account of United Kingdom income tax. The Irish Stock Exchange (Euronext Dublin) is a recognized stock exchange. LBG