Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013729
Chunk: 218

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 218
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 before the due date for payment, then, following notice by the directors requiring payment of the unpaid amount with any
accrued interest and any expenses incurred, such share may be forfeited by a resolution of the directors to that effect (including all
dividends declared in respect of the forfeited share and not actually paid before such forfeiture). A member whose shares have been forfeited
will cease to be a member in respect of the shares, but will, notwithstanding the forfeiture, remain liable to pay to LBG all monies which
at the date of forfeiture were presently payable together with interest. The directors may at their absolute discretion enforce payment
without any allowance for the value of the shares at the time of forfeiture or for any consideration received on their disposal or waive
payment in whole or part.

LBG has a first and paramount lien on every share
(not being a fully paid share) for all monies (whether presently payable or not) called or payable at a fixed time in respect of such
share, and the directors may waive any lien which has arisen and may resolve that any share shall for some limited period be exempt from
such a lien, either wholly or partially.

A forfeited share becomes the property of LBG,
and it may be sold, re-allotted, otherwise disposed of or cancelled as the directors see fit. Any share on which LBG has a lien may be
sold on the terms set out in the Articles of Association. The proceeds of sale shall first be applied towards payment of the amount in
respect of the lien insofar as it is still payable and then on surrender of the share certificate for cancellation (in the case of shares
in certificated form), to the person entitled to the shares at the time of sale.

Winding-up

The directors have the power, in the name and
on behalf of LBG, to present a petition to the court for LBG to be wound up.

Any winding up of LBG shall be undertaken in accordance
with relevant insolvency legislation, regulation, rules or otherwise required by law.

<div align='center'>33</div>

<div align='center'>DESCRIPTION OF AMERICAN DEPOSITARY SHARES</div>

The following is a summary of the general terms and provisions of the deposit agreement under which the Depositary will deliver the American Depositary Shares (“ADSs”). The deposit agreement is among us, The Bank of New York Mellon, as Depositary, and all registered holders and beneficial owners from time to time of ADSs issued under