Company: LLOBF
Filing Date: 2025-10-29
Form Type: 424B2
Source: 0000950103-25-013799
Chunk: 117

Company: Lloyds Banking Group plc
Filing Date: 2025-10-29
Form: 424B2
Chunk 117
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, as applicable, cancel the book-entry
debt securities or capital securities, as applicable, of that series, and distribute the definitive debt securities or capital securities,
as applicable, of that series to the persons and in the amounts that the depositary specifies pursuant to the internal procedures of such
depositary.

If definitive securities are issued in the limited
circumstances described above, those securities (i) will be transferable only on the register for that series of debt securities or capital
securities, and (ii) may be transferred in whole or in part in denominations of any whole number of securities upon surrender of the definitive
securities certificates together with the form of transfer endorsed on it, duly completed and executed at the specified office of a paying
agent. If only part of a securities certificate is transferred, a new securities certificate representing the balance not transferred
will be issued to the transferor within three business days after the paying agent receives the certificate. The new certificate representing
the balance will be delivered to the transferor by uninsured post at the risk of the transferor, to the address of the transferor appearing
in the records of the paying agent. The new certificate representing the securities that were transferred will be sent to the transferee
within three business days after the paying agent receives the certificate transferred, by uninsured post at the risk of the holder entitled
to the securities represented by the certificate, to the address specified in the form of transfer.

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DESCRIPTION OF ORDINARY SHARES</div>

The following is a summary of the material terms of the ordinary shares of nominal value of £0.10, as set forth in our Articles of Association and the material provisions of U.K. law. This description is a summary and does not purport to be complete. You are encouraged to read our Articles of Association, which are filed as an exhibit to the Group’s Annual Report on Form 20-F for the fiscal year ended December 31, 2021, incorporated by reference into this document.

Share Capital

As at December 31, 2024, the number of shares
outstanding was as follows:

| Class                                             
 of Share                                          |         number 
 (in thousands) |   amount 
  (in £m) |
| Ordinary shares, nominal value of 10 pence each   |     60,617,013 | 6,061.70 |
| Preference shares, nominal value of 25 pence each |        296,141 |