Lloyds Banking Group PLC — Capital/Financing Update 2015

Feb 12, 2015

Final Terms dated 11 February 2015

Lloyds Bank plc

Issue of EUR 100,000,000 Floating Rate Notes due February 2020 to be issued on 13 February 2015 (the “Notes”)

to be consolidated and form a single series with the

Issue of EUR 100,000,000 Floating Rate Notes due February 2020 issued on 12 February 2015, and

EUR 100,000,000 Floating Rate Notes due February 2020 issued on 4 February 2015

(the “Existing Notes”)

under the Note, Certificate and Warrant Programme

PART A — CONTRACTUAL TERMS

These Final Terms constitute Issue Terms for the purposes of the Base General Conditions. Terms used herein shall be deemed to be defined as such for the purposes of the Base Conditions set forth in the Prospectus dated 7 April 2014 and the supplemental prospectus dated 15 May 2014, 11 August 2014 and 6 November 2014 which together constitute a base prospectus for the purposes of the Prospectus Directive. This document constitutes the final terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with such Prospectus as so supplemented. Full information on the Bank and the offer of the Notes is only available on the basis of the combination of these Final and the Prospectus as so supplemented. The Prospectus and the supplemental prospectus are available for viewing at www.londonstockexchange.com/exchange/news/market-news/market-news-home.html and copies may be obtained from Lloyds Bank plc, 25 Gresham Street, London EC2V 7HN.

The expression “Prospectus Directive (the Prospective Directive”) means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in the Relevant Member State) and includes any relevant implementing measure in the Relevant Member State and the expression “2010 PD Amending Directive (the “2010 PD Amending Directive”) means Directive 2010/73/EU.

1. (i) Series Number: WMTN0135
   (ii) Tranche Number: 3
   The Notes are to be consolidated and form a single Series with the Existing Notes issued on 4 February 2015 and 12 February 2015.

2. Specified Currency: Euro (“EUR”)

3. Aggregate Nominal Amount
   (i) Series: EUR 300,000,000
   (ii) Tranche: EUR 100,000,000

4. Issue Price
   100 per cent. of the Aggregate Nominal Amount (plus EUR 11,875.00, this being nine (9) days’ accrued interest in respect of the period from, and including, the Interest Commencement Date to, but excluding, the Issue Date).

5. (i) Specified Denominations: EUR 100,000
   (ii) Calculation Amount: EUR 100,000

6. (i) Issue Date: 13 February 2015
   (ii) Trade Date: 6 February 2015

7. Maturity Date: 4 February 2020

8. Business Day Convention
   Modified Following Business Day Convention (Adjusted)

1

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9 Business Centre(s) TARGET and London
10 Calculation Agent Citibank, N.A., London Branch
11 Alternative Currency Equivalent Not Applicable
12 Synthetic Currency Asset Conditions Not Applicable

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

13 Fixed Rate Note Provisions Not Applicable
14 Floating Rate Note Provisions Applicable
(i) Interest Commencement Date: 4 February 2015
(ii) Interest Period Date(s): Each Interest Payment Date
(iii) Interest Payment Dates: 4 February, 4 May, 4 August and 4 November in each year from and including 4 May 2015 to and including the Maturity Date
(iv) Business Day Convention: Modified Following Business Day Convention (Adjusted)
(v) Party responsible for calculating the interest due (if not the Calculation Agent): Not Applicable
(vi) Screen Rate Determination: Applicable
- Reference Rate: 3 month EURIBOR
- Interest Determination Date(s): Two TARGET Settlement Days prior to the first day of the applicable Interest Period
- Relevant Screen Page: Reuters Screen EURIBOR01 Page
(vii) ISDA Determination: Not Applicable
(viii) CMS Rate Determination: Not Applicable
(ix) Linear Interpolation: Not Applicable
(x) Margin(s): + 0.42 per cent. per annum
(xi) Minimum Rate of Interest: Not Applicable
(xii) Maximum Rate of Interest: Not Applicable
(xiii) Day Count Fraction: Actual/360
(xiv) Determination Date(s): Not Applicable

15 Zero Coupon Note Provisions Not Applicable
16 Index Linked Interest Provisions Not Applicable
17 Inflation Linked Interest Provisions Not Applicable
18 Equity Linked Interest Provisions Not Applicable
19 Currency Linked Interest Provisions Not Applicable
20 Commodity Linked Interest Provisions Not Applicable
21 Rate Linked Interest Provisions Not Applicable
22 Multi-Asset Basket Linked Interest Provisions Not Applicable
23 Structured Floating Rate Coupon Not Applicable
24 Inverse Floating Rate Coupon Not Applicable
25 Fixed Rate Step-Up/Step-Down Coupon Not Applicable
26 Fixed to Floating Coupon Not Applicable
27 Floating to Fixed Coupon Not Applicable
28 Fixed to Floating Switchable Coupon Not Applicable
29 Floating to Fixed Switchable Coupon Not Applicable

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30 Steepener Coupon Not Applicable
31 Fixed Rate Range Accrual Coupon Not Applicable
32 Floating Rate Range Accrual Coupon Not Applicable
33 Fixed Rate Dual Range Accrual Coupon Not Applicable
34 Floating Rate Dual Range Accrual Coupon Not Applicable
35 Digital Coupon Not Applicable
36 Inflation-Linked Coupon Not Applicable
37 Inflation Protected Coupon Not Applicable
38 Performance Coupon Not Applicable
39 Annualised Performance Coupon Not Applicable

PROVISIONS RELATING TO REDEMPTION

40 Put/Call Options Not Applicable
41 Call Option Not Applicable
42 Put Option Not Applicable
43 Final Redemption Amount EUR 100,000 per Calculation Amount
44 Early Redemption Amount
Early Redemption Amount(s): Par
45 Unwind Costs: Not Applicable
46 Expenses Not Applicable
47 Index Linked Redemption Provisions Not Applicable
48 Inflation Protected Redemption Provisions Not Applicable
49 Equity Linked Redemption Provisions Not Applicable
50 Currency Linked Redemption Provisions Not Applicable
51 Commodity Linked Redemption Provisions Not Applicable
52 Rate Linked Redemption Provisions Not Applicable
53 Multi-Asset Basket Linked Redemption Provisions Not Applicable
54 Performance Redemption Not Applicable
55 Performance Plus Downside Redemption Not Applicable
56 Performance Plus Conditional Downside Redemption Not Applicable
57 Absolute Performance Redemption Not Applicable
58 Reverse Convertible Redemption Not Applicable
59 Reverse Convertible Plus Conditional Downside Redemption Not Applicable
60 Inflation Protected Redemption Not Applicable
61 Dual Currency Redemption Not Applicable

GENERAL PROVISIONS APPLICABLE TO THE NOTES

62 Form of Notes Bearer Notes - Temporary Global Note exchangeable for a Permanent Global Note which is exchangeable for Definitive Notes in the limited circumstances specified in the Permanent Global Note

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63 New Global Note Yes
64 Additional Disruption Events Not Applicable
65 Talons for future Coupons or Receipts to be attached to Definitive Notes (and dates on which such Talons mature) Not Applicable
66 Details relating to Instalment Notes: amount of each instalment, date on which each payment is to be made Not Applicable
67 Consolidation provisions The provisions in Base General Condition 2 (Further Issues) apply

DISTRIBUTION

68 U.S. Selling Restrictions Reg S Category 2; TEFRA D

LISTING AND ADMISSION TO TRADING APPLICATION

These Final Terms comprise the final terms required for issue and admission to trading of the Notes described herein pursuant to the Note, Certificate and Warrant Programme of Lloyds Bank plc.

Signed on behalf of the Bank:

By:

Duly authorised

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PART B — OTHER INFORMATION

1 LISTING AND ADMISSION TO TRADING

(i) Listing and admission to trading: Application is expected to be made by the Bank (or on its behalf) for the Notes to be listed on the Official List of the UK Listing Authority and to be admitted to trading on the regulated market of the London Stock Exchange with effect from the Issue Date.

(ii) Estimate of total expenses related to admission to trading: GBP 3,600 + VAT

2 RATING

Ratings: The Notes to be issued have been rated Moody’s A1 S&P A

3 INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

“Save as discussed in “Selling Restrictions”, so far as the Bank is aware, no person involved in the offer of the Notes has an interest material to the offer.”

4 REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES

(i) Reasons for the offer: See “Use of Proceeds” wording in the Prospectus

(ii) Estimated net proceeds: Not Applicable

(iii) Estimated total expenses: Not Applicable

5 Floating Rate Notes only — HISTORIC INTEREST RATES

Details of historic EURIBOR rates can be obtained from Reuters.

6 OPERATIONAL INFORMATION

ISIN Code: Until the Notes are consolidated and form a single Series with the Existing Notes, the Notes will have the temporary ISIN XS1189817825. Thereafter, the ISIN will be XS1181809762.

Common Code: Until the Notes are consolidated and form a single Series with the Existing Notes, the Notes will have the temporary Common Code 118981782. Thereafter, the Common Code will be 118180976.

Swiss Securities Number (Valorennummer): Not Applicable

WKN Number (Wertpapierkennnummer): Not Applicable

Any clearing system(s) other than Euroclear Bank S.A./N.V. and Clearstream Banking, société anonyme and the relevant identification number(s): Not Applicable

Delivery: Delivery against payment

Names and addresses of additional Paying Agent(s) (if any): Not Applicable

7 INDEX DISCLAIMER

Not Applicable