Lloyds Banking Group PLC

Prospectus • Oct 28, 2025

SUPPLEMENTARY PROSPECTUS DATED 24 OCTOBER 2025

(incorporated in England with limited liability with registered number 2065)

£35,000,000,000

Euro Medium Term Note Programme

This supplement (the "Supplement") to the prospectus dated 28 March 2025, as supplemented by the supplementary prospectuses dated 2 May 2025, 24 July 2025 and 5 August 2025 which together comprise a base prospectus (the "Prospectus") for the purposes of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "UK Prospectus Regulation"), constitutes a supplementary prospectus for the purposes of Article 23 of the UK Prospectus Regulation, and is prepared in connection with the £35,000,000,000 Euro Medium Term Note Programme (the "Programme") established by Lloyds Bank plc (the "Bank").

This Supplement is supplemental to, and should be read in conjunction with, the Prospectus and the documents incorporated by reference therein. Capitalised terms used in this Supplement but not defined herein shall have the meanings ascribed to them in the Prospectus.

The Bank accepts responsibility for the information contained in this Supplement. To the best of the knowledge of the Bank the information contained in this Supplement is in accordance with the facts and does not omit anything likely to affect the import of such information.

Purpose of this Supplement

The purpose of this Supplement is to:

• (a) incorporate by reference into the Prospectus:
• (i) Lloyds Banking Group plc ("LBG")'s board change announcement, which was published via the RNS on 13 October 2025; and
• (ii) the Bank's Q3 2025 Interim Management Statement (as defined in this Supplement), which was published via the RNS on 23 October 2025;
• (b) update the no significant change statement of the Bank and its subsidiary and associated undertakings (the "Lloyds Bank Group"); and
• (c) update the no governmental, legal or arbitration proceedings statement of the Bank and the Lloyds Bank Group.

(a) Documents Incorporated by Reference

By virtue of this Supplement,

• (i) LBG's announcement titled "BOARD CHANGE" (RNS Number 0983D) available at https://otp.tools.investis.com/clients/uk/lloyds_banking_group_plc3/rns/regulatorystory.aspx?cid=1273&newsid=1996113; and
• (ii) the Bank's unaudited third quarter interim management statement for the nine months ended 30 September 2025 (RNS Number 5784E) available at https://www.lloydsbankinggroup.com/assets/pdfs/investors/financial-performance/lloyds-bankplc/2025/q3/2025-lb-q3-ims.pdf (the "Q3 2025 Interim Management Statement"), which has previously been filed with the Financial Conduct Authority,

shall be deemed to be incorporated in, and form part of, the Prospectus and supplement the section entitled "Documents Incorporated by Reference" on pages 14 to 17 of the Prospectus.

Any documents themselves incorporated by reference in the Q3 2025 Interim Management Statement shall not form part of the Prospectus, unless specified otherwise here.

(b) No significant change statement of the Lloyds Bank Group

The no significant change statement of the Lloyds Bank Group at the first paragraph of point 3 on page 181 of the Prospectus shall be deleted in its entirety and replaced as set out below:

"There has been no significant change in the financial position or financial performance of the Lloyds Bank Group since 30 September 2025, the date to which the Lloyds Bank Group's last published unaudited financial information (as set out in the Q3 2025 Interim Management Statement) was prepared."

(c) No governmental, legal or arbitration proceedings statement of the Company and the Group

The no governmental, legal or arbitration proceedings statement of the Bank and Lloyds Bank Group at point 4 on page 181 of the Prospectus shall be deleted in its entirety and replaced as set out below:

"Save as disclosed in the Bank's Form 20-F, 2025 Half-Year Results and Q3 2025 Interim Management Statement, incorporated by reference in this Prospectus, there are no governmental, legal or arbitration proceedings (including any such proceedings pending or threatened of which the Bank is aware) during the 12 months preceding the date of this Prospectus, which may have or have had in the recent past, significant effects on the financial position or profitability of the Bank or the Lloyds Bank Group"

The Bank will provide, without charge, to each person to whom a copy of this Supplement has been delivered, upon the oral or written request of such person, a copy of any or all of the documents which are incorporated in whole or in part by reference herein or in the Prospectus. Written or oral requests for such documents should be directed to the Bank at its principal office at 25 Gresham Street, London, EC2V 7HN. Copies of all documents incorporated by reference in this Supplement can also be viewed on the website of the Regulatory News Service operated by the London Stock Exchange at https://www.londonstockexchange.com/news?tab=today-s-news.

To the extent that there is any inconsistency between (a) any statement in this Supplement or any statement

incorporated by reference into the Prospectus by this Supplement and (b) any other statement in or incorporated by reference into the Prospectus, the statements in (a) above will prevail.

Save as disclosed in this Supplement, no other significant new factor, material mistake or material inaccuracy relating to information included in the Prospectus has arisen or been noted, as the case may be, since the publication of the Prospectus.