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 Benchmark Gilt 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 / GBP 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
ISIN/Common Code: XS3397151815 / 339715181
Joint Lead Managers: Lloyds (B&D), BMO Capital Markets, Merrill Lynch International, Morgan Stanley and RBC Capital Markets
Selling Restrictions: Reg S (Category 2), TEFRA D. No sales to EEA or UK retail
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 on request to investors participating in the transaction