Company: LLOBF
Filing Date: 2025-02-25
Form Type: 424B2
Source: 0000950103-25-002401
Chunk: 191

Company: Lloyds Banking Group plc
Filing Date: 2025-02-25
Form: 424B2
Chunk 191
---
 New York, except that, as the indentures specify, the subordination
provisions relating to each series of debt securities issued by LBG in the relevant indenture will be governed and construed in accordance
with the laws of Scotland.

Notices

All notices to holders of registered debt securities
shall be validly given if in writing and mailed, first-class postage prepaid, to them at their respective addresses in the registers maintained
by the trustee.

The Trustee

The Bank of New York Mellon, acting through its
London Branch, One Canada Square, London E14 5AL, is the trustee under the indentures. The trustee shall have and be subject to all the
duties and responsibilities specified with respect to an indenture trustee under the Trust Indenture Act of 1939, as amended (“TIA”).
Subject to the provisions of the TIA, the trustee is under no obligation to exercise any of the powers vested in it by the indentures
at the request of any holder of notes, unless offered reasonable indemnity or security deemed satisfactory to the trustee in its sole
discretion, by the holder against the costs, expense and liabilities which might be incurred thereby. LBG and certain members of the Group
maintain deposit accounts and conduct other banking transactions with The Bank of New York Mellon in the ordinary course of our business.
The Bank of New York Mellon under a nominee name is also the book-entry depositary with respect to certain of our debt securities and
the depositary with respect to the ADSs representing certain of our ordinary shares.

<div align='center'>13</div>

Consent to Service of Process

Under the indentures, LBG irrevocably designates
Kelvina Smith, Chief Legal Officer, Lloyds Securities Inc. and Deputy Chief Legal Officer, North America, Lloyds Bank Corporate Markets
plc (or any successor thereto), currently of 1095 Avenue of the Americas, New York, NY 10036, as the authorized agent for service of process
in any legal action or proceeding arising out of or relating to the indentures or any debt securities brought in any federal or state
court in the Borough of Manhattan, in The City of New York, New York and LBG irrevocably submits to the jurisdiction of those courts.

<div align='center'>14

DESCRIPTION OF
CAPITAL SECURITIES</div>

The following is a summary of the general terms of the capital securities we may issue under this registration statement