Company: LLOBF
Filing Date: 2025-06-06
Form Type: F-3ASR
Source: 0000950103-25-007096
Chunk: 71

Company: Lloyds Banking Group plc
Filing Date: 2025-06-06
Form: F-3ASR
Chunk 71
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 we will pay additional amounts with respect to the principal of, and interest on,
the debt securities (“Additional Amounts”) that are necessary in order that the net amounts paid to the holders of those
debt securities, after the deduction or withholding, shall equal the amounts which would have been payable on that series of debt securities
if the deduction or withholding had not been required. However, this will not apply to any such tax, levy, impost, duty, charge or fee
which would not have been deducted or withheld but for the fact that:

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| · | the holder or the beneficial owner of the debt securities is a domiciliary, national or resident of, or engaging in business or maintaining 
 a permanent establishment or physically present in, a U.K. taxing jurisdiction or otherwise having some connection with the U.K. taxing     
 jurisdiction other than the holding or ownership of a debt security, or the collection of any payment of, or in respect of, principal       
 of, or any interest or other payment on, any debt security of the relevant series;                                                          |

| · | except in the case of a winding-up in the United Kingdom, the relevant debt security is presented (where presentation is required) 
 for payment in the United Kingdom;                                                                                                 |

| · | the relevant debt security is presented (where presentation is required) for payment more than 30 days after the date payment became    
 due or was provided for, whichever is later, except to the extent that the holder would have been entitled to the Additional Amounts on 
 presenting the debt security for payment at the close of that 30 day period;                                                            |

| · | the holder or the beneficial owner of the relevant debt security or the beneficial owner of any payment of or in respect of principal   
 of, or any interest or other payment on, the debt security failed to comply with a request by us or our liquidator or other authorized  
 person addressed to the holder to provide information concerning the nationality, residence or identity of the holder or the beneficial 
 owner or to make any declaration or other similar claim to satisfy any requirement, which is required or imposed by a statute, treaty,  
 regulation or administrative practice of a U.K. taxing jurisdiction as a precondition to exemption from all or part of the tax, levy,   
 impost, duty, charge or fee;                                                                                                            |

| · | the deduction or withholding is imposed by reason of any agreement with the U.S. Internal Revenue Service in connection with Sections 
 1471-147