Instrument Type : eMTN

Currency : United States Dollar

Bank Menu : AA+

Issuer : Lloyd’s TSB

Total Contract Amount : USDOne Billion. ($1,000,000,000.00) with rolls & extensions up to 200Billion. ($200,000,000,000.00)

First Tranche : USD200M ($200,000,000.00) or up to USD1 Billion

Subsequent Tranches : USD1 Billion or subject to mutually agreed between buyer and seller

Denomination : USD 200 Million ($200, 000,000.00)

Term : 15 YEARS

Interest Rate Coupon : Year One Denominations x 11% x Count Fraction

Year 2-15 Denominations x Max (6.00 x (30 yrs CMS (arrears).0.00%) x Day Count Fraction. Details as per attached Terms Sheet.

Issue date : To be issued by seller’s security officer

Maturity : To be issued by seller’s security officer

Cusip Number : To be issued by seller’s security officer

Common Code : To be issued by seller’s security officer

Invoice Price : 91% of Face Value + 1.00% Fees

Consultant Fee : 1.00% Fees of face value to be split 0.50% Buyer’s side and 0.50% Seller’s side

Screening : BLOOMBERG

Payment Mode : As agreed by securities Officers