Lloyds Banking Group Regulatory News (LLOY)

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July 9, 2012

Lloyds TSB Bank plc cash tender offer on certain U.S. Dollar Securities: announcement of final results

On June 28, 2012, Lloyds TSB Bank plc (the "Issuer") invited Holders of the securities listed below (the "Securities") to tender any and all of their Securities for purchase by the Issuer for cash (the "Offers") on the terms of and subject to the conditions contained in a tender offer memorandum dated June 28, 2012 (the "Tender Offer Memorandum").

Capitalized terms not otherwise defined in this announcement have the same meaning as assigned to them in the Tender Offer Memorandum.

Further to such invitation, the Issuer announced at 9.30 a.m. (New York City time) on July 6, 2012 (i) the Fixed Rate Purchase Price in respect of each Series of Fixed Rate Securities and (ii) the Accrued Interest in respect of each Series of Securities.

The Offers expired at noon (New York City time) on July 6, 2012. The Issuer hereby informs Holders that the aggregate principal amount of each Series of Securities validly tendered and to be accepted for purchase is as set out in the table below, and each such Holder is entitled to receive on the Settlement Date, which is expected to be July 10, 2012, the applicable Purchase Price plus Accrued Interest Payment.

FURTHER INFORMATION 

Lucid Issuer Services Limited has been appointed by the Issuer as Tender Agent (the "Tender Agent") for the purposes of the Offers.

Deutsche Bank Securities Inc. and Lloyds Securities Inc. have been appointed by the Issuer as Dealer Managers (the "Dealer Managers") for the purposes of the Offers.

For further information please contact:

For analysts:

Frederik Verpoest
Director of Investor Relations
Lloyds Banking Group
+44 207 356 2385
+44 750 948 4949

For press:

Nicole Sharp

Media Relations

Nicole.sharp@lloydsbanking.com

+44 207 356 2120

Requests for information in relation to the Offers should be directed to:

DEALER MANAGERS

DISCLAIMER

This announcement must be read in conjunction with the Tender Offer Memorandum. This announcement and the Tender Offer Memorandum contain important information which must be read carefully before any decision is made with respect to the Offers. If any Holder is in any doubt as to the action it should take, it is recommended to seek its own legal, accounting and financial advice, including as to any tax consequences, immediately from its stockbroker, bank manager, attorney, accountant or other independent financial adviser. Any individual or company whose Securities are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee or intermediary must contact such entity if it wishes to participate in the Offers. None of the Issuer, the Dealer Managers, the Tender Agent and any person who controls, or is a director, officer, employee or agent of such persons, or any affiliate of such persons, makes any recommendation as to whether Holders should participate in the Offers.