Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013683
Chunk: 61

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 61
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 are presented (where presentation is required) 
 for payment in the United Kingdom;                                                                                                 |

·the
relevant Senior Notes are 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 Senior Notes for payment at the close of that 30 day period;

<div align='center'>S-40</div>

·the holder or the beneficial owner of the relevant Senior Notes or the beneficial owner of any payment of or in respect
of principal of, or any interest or other payment on, the relevant Senior Notes 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-
1474 of the US Internal Revenue Code and the U.S. Treasury regulations thereunder (“FATCA”), any intergovernmental agreement
between the United States and the United Kingdom or any other jurisdiction with respect to FATCA, or any law, regulation or other official
guidance enacted or issued in any jurisdiction implementing, or relating to, FATCA or any intergovernmental agreement; or

·any
combination of the above items,

nor shall Additional Amounts be paid with respect to any interest only
on the Senior Notes to any holder who is a fiduciary or partnership or any person other than the sole beneficial owner of such payment
to the extent such payment would be required by the laws of any taxing jurisdiction to be included in the income for tax purposes of a
beneficiary or partner or settlor with respect to such fiduciary or a member of such partnership or a beneficial owner who would not have
been entitled to such Additional Amounts, had it been the holder.

Whenever we refer in this prospectus supplement,
in any context, to the payment of interest on, or in respect of, any Senior Note, we mean to include the payment of Additional Amounts