Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 111

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 111
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 a permanent establishment or physically present in, a U.K. taxing jurisdiction or otherwise having some connection with the U.K. taxing     
 jurisdiction other than the holding or ownership of a debt security, or the collection of any payment of, or in respect of, principal       
 of, or any interest or other payment on, any debt security of the relevant series;                                                          |

| · | except in the case of a winding-up in the United Kingdom, the relevant debt security is presented (where presentation is required) 
 for payment in the United Kingdom;                                                                                                 |

| · | the relevant debt security is presented (where presentation is required) for payment more than 30 days after the date payment became    
 due or was provided for, whichever is later, except to the extent that the holder would have been entitled to the Additional Amounts on 
 presenting the debt security for payment at the close of that 30 day period;                                                            |

| · | the holder or the beneficial owner of the relevant debt security or the beneficial owner of any payment of or in respect of principal   
 of, or any interest or other payment on, the debt security failed to comply with a request by us or our liquidator or other authorized  
 person addressed to the holder to provide information concerning the nationality, residence or identity of the holder or the beneficial 
 owner or to make any declaration or other similar claim to satisfy any requirement, which is required or imposed by a statute, treaty,  
 regulation or administrative practice of a U.K. taxing jurisdiction as a precondition to exemption from all or part of the tax, levy,   
 impost, duty, charge or fee;                                                                                                            |

| · | the deduction or withholding is imposed by reason of any agreement with the U.S. Internal Revenue Service in connection with Sections 
 1471-1474 of the U.S. Internal Revenue Code and the U.S. Treasury regulations thereunder (“FATCA”), any intergovernmental             
 agreement between the United States and the United Kingdom or any other jurisdiction with respect to FATCA, or any law, regulation or 
 other official guidance enacted in any jurisdiction implementing, or relating to, FATCA or any intergovernmental agreement; or        |

| · | any combination of the above items, |

nor shall Additional Amounts be paid with respect
to any interest only on the debt securities to any holder who is a fiduciary or partnership or settlor with respect to such fiduciary
or a member of such partnership other than the sole beneficial owner of such payment to the extent such