Company: LLOBF
Filing Date: 2025-06-10
Form Type: 424B2
Source: 0000950103-25-007181
Chunk: 60

Company: Lloyds Banking Group plc
Filing Date: 2025-06-10
Form: 424B2
Chunk 60
---
 withholding notice is in the interest of the holders.

We are required to furnish to the Trustee a statement
as to our compliance with all conditions and covenants under the Senior Indenture (i) annually, and (ii) within five business days of
a written request from the Trustee.

<div align='center'>S-46</div>

Additional Issuances

We may, without the consent of the holders of
a series of Senior Notes, issue additional notes having the same ranking and same interest rate, maturity date, redemption terms and other
terms as such series of Senior Notes described in this prospectus supplement except for the price to the public, issue date and first
interest payment date, provided however that such additional notes that form part of any series of Senior Notes described in this prospectus
supplement must be fungible with the outstanding Senior Notes of that series for U.S. federal income tax purposes. Any such additional
notes, together with the Senior Notes offered by this prospectus supplement, will constitute a single series of securities under the Senior
Indenture. There is no limitation on the amount of Senior Notes or other debt securities that we may issue under such indenture.

Tax Redemption

In addition to our right to redeem each series
of Senior Notes described above under “—Optional Redemption”, we may (subject to, if and to the extent then required
by the Relevant Regulator or the Loss Absorption Regulations, our giving notice to the Relevant Regulator and the Relevant Regulator granting
us permission) redeem the Senior Notes of any series in whole but not in part if we determine that as a result of a change in or amendment
to the laws or regulations of the United Kingdom or any political subdivision thereof or authority thereof that has the power to tax (a
“U.K. taxing jurisdiction”) (including any treaty to which such U.K. taxing jurisdiction is a party), or any change in the
application or interpretation of such laws or regulations (including a decision of any court or tribunal) which change or amendment becomes
effective or applicable on or after June , 2025:

· in
making any payments on the Senior Notes of the relevant series, we have paid or will or would on the next payment date be required to
pay additional amounts;

· payments
on the next payment date in respect of the Senior Notes of the relevant series would be treated as “distributions” within
the meaning of Chapter 2 Part 23 of the Corporation Tax Act 2010 of the