Company: LLOBF
Filing Date: 2025-06-06
Form Type: F-3ASR
Source: 0000950103-25-007096
Chunk: 72

Company: Lloyds Banking Group plc
Filing Date: 2025-06-06
Form: F-3ASR
Chunk 72
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4 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 the principal of, or any interest 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 payment would be
required by the laws of any taxing jurisdiction to be included in the income for tax purposes of a beneficiary or partner or settlor with
respect to such fiduciary or a member of such partnership or a beneficial owner who would not have been entitled to such Additional Amounts,
had it been the holder.

Whenever we refer in this prospectus and any prospectus
supplement, in any context, to the payment of the principal of or any interest or other payments on, or in respect of, any debt security
of any series, we mean to include the payment of Additional Amounts to the extent that, in the context, Additional Amounts are, were or
would be payable.

Redemption of Senior Debt Securities

Tax Redemption of Senior Debt Securities

Unless the relevant prospectus supplement provides
otherwise, we will have the option to redeem the senior debt securities of any series, as a whole but not in part, upon not less than
30 nor more than 60 days’ notice to each holder of senior debt securities, on any interest payment date, at a redemption price equal
to 100% of their principal amount together with any accrued but unpaid interest, to the redemption date, or, in the case of discount securities,
their accreted face amount, together with any accrued interest, if, at any time, we determine that as a result of a change in or amendment
to the laws or regulations of a U.K. taxing jurisdiction, including any treaty to which it is a party, or any change in the application
or interpretation of those laws or regulations, including a decision of any court or tribunal which change or amendment becomes effective or applicable
on or after a date included in the terms of such senior debt securities:

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