Company: LLOBF
Filing Date: 2025-06-06
Form Type: F-3ASR
Source: 0000950103-25-007096
Chunk: 38

Company: Lloyds Banking Group plc
Filing Date: 2025-06-06
Form: F-3ASR
Chunk 38
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 or in part in denominations of any whole number of securities upon surrender of the definitive
securities certificates together with the form of transfer endorsed on it, duly completed and executed at the specified office of a paying
agent. If only part of a securities certificate is transferred, a new securities certificate representing the balance not transferred
will be issued to the transferor within three business days after the paying agent receives the certificate. The new certificate representing
the balance will be delivered to the transferor by uninsured post at the risk of the transferor, to the address of the transferor appearing
in the records of the paying agent. The new certificate representing the securities that were transferred will be sent to the transferee
within three business days after the paying agent receives the certificate transferred, by uninsured post at the risk of the holder entitled
to the securities represented by the certificate, to the address specified in the form of transfer.

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DESCRIPTION OF
ORDINARY SHARES</div>

The following is a summary of the material terms of the ordinary shares of nominal value of £0.10, as set forth in our Articles of Association and the material provisions of U.K. law. This description is a summary and does not purport to be complete. You are encouraged to read our Articles of Association, which are filed as an exhibit to the Group’s Annual Report on Form 20-F for the fiscal year ended December 31, 2021, incorporated by reference into this document.

Share Capital

As at December 31, 2024, the number of shares
outstanding was as follows:

| Class                                             
 of Share                                          |         number 
 (in thousands) |   amount 
  (in £m) |
| Ordinary shares, nominal value of 10 pence each   |     60,617,013 | 6,061.70 |
| Preference shares, nominal value of 25 pence each |        296,141 |    74.04 |
| Preference shares, nominal value of 25 cents each |             87 |    0.021 |

Objects of LBG

The objects of LBG are unrestricted.

Rights Attaching to Shares

Any share in LBG may be issued with any preferred,
deferred or other special rights (including being denominated in another currency), or subject to such restrictions (whether as regards
dividend, returns of capital, voting or otherwise) as LBG may from time to time determine by ordinary resolution or as otherwise provided