Initial Coupon: [•]% Fixed, Annual, ACT/ACT ICMA until the Optional Redemption Date
Reset Coupon: If not redeemed at the Optional Redemption Date, Notes will reset to a fixed rate equal to the 1-year EUR Mid-Swap Rate +[•]bps
Documentation: Lloyds Banking Group plc £25bn Euro Medium Term Note Programme base prospectus dated 23-Mar-26, as supplemented by the prospectus supplements dated 30-Apr-26
Listing/Law/Denoms: London (Main Market)/ English Law / 100k+1k
Clearing: Euroclear, Clearstream
MREL Eligibility: Intended to qualify as MREL and all applicable eligibility conditions to be met
Loss Absorption Disqualification Event Redemption: Applicable at par
Selling Restrictions: Reg S (Category 2), TEFRA D. No sales to EEA or UK retail
Use of Proceeds: Proceeds will be used to finance and/or refinance eligible green assets as defined in Lloyds Banking Group's Sustainable Bond Framework dated 24-Apr-24
Target Market: Manufacturer target market (MiFID II / UK MiFIR product governance) is eligible counterparties and professional investors only (all distribution channels). No EU key information document (KID) has been prepared as not available to retail in the EEA. No disclosure document has been prepared as not available to retail in UK
Timing: Books open, today’s business
Fees: The Banks will be paid a fee by the Issuer in respect of the placement of the securities. Details of the fee may be made available upon request