Company: LLOBF
Filing Date: 2025-02-25
Form Type: 424B2
Source: 0000950103-25-002401
Chunk: 140

Company: Lloyds Banking Group plc
Filing Date: 2025-02-25
Form: 424B2
Chunk 140
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Notice

All notices regarding the Additional Tier 1 Securities
will be deemed to be validly given if sent by first class mail to the holders of the Additional Tier 1 Securities at their addresses recorded
in the register, and will be deemed to have been so given on the third calendar day after being so mailed.

Until such time as any definitive securities are
issued, there may, so long as any Global Certificates representing the Additional Tier 1 Securities are held in their entirety through
the common depositary for the Clearing Systems, be substituted for such mailing the delivery of the relevant notice to Clearstream, Luxembourg
and Euroclear for communication by them to their respective accountholders, in accordance with the relevant Clearing System’s applicable
procedures. Neither the failure to give any notice to a particular holder, nor any defect in a notice given to a particular holder, will
affect the sufficiency of any notice given to another holder. Such notice will be deemed to have been given on the date on which such
notice is so provided to the relevant Clearing System for onwards communication.

Notices to be given by any holder of the Additional
Tier 1 Securities to the Trustee shall be in writing to the Trustee at its corporate trust office. While any of the Additional Tier 1
Securities are represented by a Global Certificate, such notice may be given by any holder to the Trustee through Clearstream, Luxembourg
and/or Euroclear in such manner as Clearstream, Luxembourg and/or Euroclear, as applicable, may approve for this purpose.

If and for so long as the Additional Tier 1 Securities
are admitted to trading on the Global Exchange Market of Euronext Dublin, notices will also be given in accordance with any applicable
requirements of such stock exchange. Any such notices delivered to the Global Exchange Market of Euronext Dublin will also be published
by Euronext Dublin for so long as its rules so require.

Modification and Amendments

We and the Trustee may make certain modifications
and amendments to the Indenture with respect to the Additional Tier 1 Securities without the consent of the holders of the Additional
Tier 1 Securities, including, but not limited to, reflect changes to procedures relating to Automatic Conversion, delivery of the Settlement
Shares, ADSs or Alternative Consideration, as applicable, procuring that Newco is substituted as issuer under the Additional Tier 1 Securities
and to give effect to any variation to the terms of the Additional Tier 1 Securities as a