Company: LLOBF
Filing Date: 2025-06-06
Form Type: F-3ASR
Source: 0000950103-25-007096
Chunk: 98

Company: Lloyds Banking Group plc
Filing Date: 2025-06-06
Form: F-3ASR
Chunk 98
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, and so far as may be permitted by and consistent with, the statutes, the company:

130.2.1 may provide
any person who is or was at any time a director, officer, employee or trustee of the company or of any associated company or organisation
with funds to meet expenditure incurred or to be incurred by such person in defending themselves in an investigation by a regulatory authority
or against action proposed to be taken by a regulatory authority in connection with any alleged negligence, default, breach of duty or
breach of trust by such person in relation to the company or any associated company or organisation; and

130.2.2 may do
anything to enable any such a person to avoid incurring such expenditure.

130.3 For the purpose
of articles 128 to 130 an “associated company or organisation” is any company or other body, whether or not incorporated,
(i) which is the company’s holding company; or (ii) in which the company or its holding company or any of the predecessors of the
company or of such holding company has any interest whether direct or indirect; or

(iii) which is in any way allied to or associated with the
company or its holding company or any of the predecessors of the company or of such holding company (including any pension fund or employees’
share scheme in which any employees of the company or of any associated company or organisation are interested and any company acting
as trustee for such pension fund or share scheme); or (iv) which is a subsidiary undertaking of any person mentioned in (iii) or (v) to
which directors, officers, employees or trustees of the company or of any subsidiary undertaking or any holding company of the company
are permitted by the company or any subsidiary undertaking or any holding company of the company to lend their services; and “person”
shall include any natural person, partnership, other unincorporated association or body corporate.

Section 232 of the Companies Act 2006 provides:

(1) Any provision that purports to exempt a director
of a company (to any extent) from any liability that would otherwise attach to him in connection with any negligence, default, breach
of duty or breach of trust in relation to the company is void.

(2) Any provision by which a company directly
or indirectly provides an indemnity (to any extent) for a director of the company, or of an associated company, against any liability
attaching to him in connection with any negligence, default, breach of duty or