Director/PDMR Shareholding

23 May 2019

LLOYDS BANKING GROUP PLC ('GROUP') - NOTIFICATION OF A TRANSACTION BY A PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMR') AND THEIR CONNECTED PERSONS

On the 22 May 2019, the Group was notified by António Horta-Osório of the following transfers:

· 250 American Depositary Receipts ("ADRs") in the Group to his daughter, Maria Costa Pinto Horta-Osório,

· 250 ADRs in the Group to his daughter, Margarida Costa Pinto Horta-Osório, who at that time was a connected person, and

· 250 ADRs in the Group to his son, Pedro Costa Pinto Horta-Osório, who at that time was a connected person,

(each ADR representing four ordinary shares of 10 pence each in the Group) in each case on 21 December 2011 and for nil consideration.

António Horta-Osório also transferred:

· 5,000 ADRs in the Group to his daughter, Maria Costa Pinto Horta-Osório,

· 2,400 ADRs in the Group to his daughter, Margarida Costa Pinto Horta-Osório, who at that time was a connected person, and

· 2,200 ADRs in the Group to his son, Pedro Costa Pinto Horta-Osório, who at that time was a connected person,

(each ADR representing four ordinary shares of 10 pence each in the Group) in each case on 24 May 2012 and for nil consideration.

The ADRs are listed on, and the transactions took place on, the New York Stock Exchange.

António Horta-Osório currently holds 28,122,134 ordinary shares of 10 pence each in the Group (including holdings of connected persons).

ENQUIRIES:

Investor Relations

Douglas Radcliffe +44 (0) 20 7356 1571

Group Investor Relations Director

Email: douglas.radcliffe@finance.lloydsbanking.com

Group Corporate Affairs

Matt Smith +44 (0) 20 7356 3522

Head of Media Relations

Email: matt.smith@lloydsbanking.com