Company: LLOBF
Filing Date: 2025-06-06
Form Type: F-3ASR
Source: 0000950103-25-007096
Chunk: 84

Company: Lloyds Banking Group plc
Filing Date: 2025-06-06
Form: F-3ASR
Chunk 84
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 interfaces with domestic markets in several countries.

Clearstream Luxembourg’s customers include
worldwide securities brokers and dealers, banks, trust companies and clearing corporations and may include professional financial intermediaries.
Its U.S. customers are limited to securities brokers, dealers and banks. Indirect access to the Clearstream Luxembourg system is also
available to others that clear through Clearstream Luxembourg customers or that have custodial relationships with its customers, such
as banks, brokers, dealers and trust companies. Clearstream Luxembourg is an indirect participant in DTC. Clearstream Luxembourg has established
an electronic bridge with Euroclear to facilitate settlement of trades between Clearstream Luxembourg and Euroclear. Distributions with
respect to the securities held beneficially through Clearstream Luxembourg are credited to cash accounts of Clearstream Luxembourg customers
in accordance with its rules and procedures, to the extent received by Clearstream Luxembourg.

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Other Clearing Systems. We may choose any
other clearing system for a particular series of securities. The clearance and settlement procedures for the clearing system we choose
will be described in the applicable prospectus supplement.

Primary Distribution

The distribution of debt securities will be cleared
through one or more of the clearing systems that we have described above or any other clearing system that is specified in the applicable
prospectus supplement. Payment for debt securities will be made on a delivery versus payment or free delivery basis. These payment procedures
will be more fully described in the applicable prospectus supplement.

Clearance and settlement procedures may vary from
one series of debt securities to another according to the currency that is chosen for the specific series of debt securities. Customary
clearance and settlement procedures are described below.

We will submit applications to the relevant system
or systems for the debt securities to be accepted for clearance. The clearance numbers that are applicable to each clearance system will
be specified in the applicable prospectus supplement.

Clearance and Settlement Procedures

DTC. DTC participants that hold debt securities
through DTC on behalf of investors will follow the settlement practices applicable to United States corporate debt obligations in DTC’s
Same-Day Funds Settlement System.

Debt securities will be credited to the securities
custody accounts of these DTC participants against payment in same-day funds, for payments in U.S. dollars, on the settlement date. For
payments in a currency other than U.S. dollars, debt securities will be credited free of payment on the settlement date. If payment is
made other than in U.S. dollars, separate payment