Company: LLOBF
Filing Date: 2025-02-25
Form Type: 424B2
Source: 0000950103-25-002401
Chunk: 126

Company: Lloyds Banking Group plc
Filing Date: 2025-02-25
Form: 424B2
Chunk 126
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 a holder or beneficial owner of the Additional Tier 1 Securities may have initiated prior to the Suspension Date that
is scheduled to settle after the Suspension Date will be rejected by such Clearing System and will not be settled through such Clearing
System. The Additional Tier 1 Securities may cease to be admitted to trading on the Global Exchange Market of Euronext Dublin or any other
stock exchange on which the Additional Tier 1 Securities are then listed or admitted to trading after the Suspension Date.

On the Suspension Date, LBG shall deliver a notice
in accordance with “—Notice” below to the Trustee and to the holders of the Additional Tier 1 Securities (a “Settlement Request Notice”) via each of the Clearing Systems requesting that holders of the Additional Tier 1 Securities complete a notice
to be delivered to the Settlement Share Depository, with a copy to the Trustee (a “Settlement Notice”). The Settlement
Request Notice shall specify (i) the date by which the Settlement Notice must be received by the Settlement Share Depository (the “Notice Cut-off Date”) and (ii) the date on which the Additional Tier 1 Securities in relation to which no Settlement Notice has been
received by the Settlement Share Depository on or before the Notice Cut-off Date shall be canceled, which date may be up to twelve (12)
Business Days following the Notice Cut-off Date (the “Final Cancellation Date”).

In order to obtain delivery of the relevant Settlement
Shares, ADSs or Alternative Consideration, a holder must deliver its Settlement Notice to the Settlement Share Depository on or before
the Notice Cut-off Date. If such delivery is made after the end of normal business hours at the specified office of the Settlement Share
Depository, such delivery shall be deemed for all purposes to have been made or given on the following Business Day. The Settlement Notice
shall be in the form acceptable to the Clearing Systems and shall contain: (i) the name of the holder, (ii) the Tradable Amount of the
book-entry interests in the Additional Tier 1 Securities held by such holder on the date of such notice, (iii) the name to be entered
in LBG’s share register, (iv) whether Settlement Shares are to be delivered to the holder or ADSs are to be deposited on behalf
of the holder into LBG’s ADS facility, (v) the details of the CREST or other clearing system account, details of the registered
account in LBG’s ADS facility