Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013729
Chunk: 19

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 19
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 financial            
 year and prior to such Interest Payment Date on or in respect of any Parity Securities, the Additional Tier 1 Securities and any Junior         
 Securities (as defined below) and (ii) all payments (other than redemption payments) payable by LBG on such Interest Payment Date (x)           
 on the Additional Tier 1 Securities and (y) on or in respect of any Parity Securities or any Junior Securities, in the case of each of          
 (i) and (ii), excluding any payments already accounted for (by way of deduction) in determining the Distributable Items.                        
 In addition, LBG shall not be permitted to pay any interest                                                                                     
 otherwise scheduled to be paid on an Interest Payment Date if and to the extent that the payment of such interest would cause, when aggregated  
 together with other distributions of the kind referred to in Rule 4.3(2) of chapter 4 of the “CRR Firms – Capital Buffers”                      
 part of the PRA Rulebook (or any succeeding provision(s) amending or replacing such rule) (“Chapter 4”) and which                               
 are required under the Applicable Regulations to be taken into account for this purpose, the Maximum Distributable Amount, if any, then         
 applicable to the Group to be exceeded.                                                                                                         |

<div align='center'>S-9</div>

| “Distributable Items” shall have the meaning assigned to such term in the U.K. CRR (as defined below) (as the same may be amended or replaced from time to time), as interpreted and applied in accordance with the Applicable Regulations then applicable to LBG, but amended so that any reference therein to “before distributions to holders of own funds instruments” shall be read as a reference to “before distributions by LBG to holders of Parity Securities, the Additional Tier 1 Securities or any Junior Securities”. Under U.K. CRR (as defined below), as at the date hereof, “distributable items” means the amount of the profits at the end of the last financial year plus any profits brought forward and reserves available for that purpose, before distributions to holders of own funds instruments, less any losses brought forward, any profits which are non-distributable pursuant to national law or the institution’s by-laws and any sums placed in non-distributable reserves in accordance with the law of the United Kingdom, or any part of it, or of a third country or the statutes of the institution, in each case with respect to the specific