Company: LLOBF
Filing Date: 2025-06-06
Form Type: F-3ASR
Source: 0000950103-25-007096
Chunk: 60

Company: Lloyds Banking Group plc
Filing Date: 2025-06-06
Form: F-3ASR
Chunk 60
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London LLP, will pass upon certain legal matters relating to the securities under U.S. federal securities laws and New York law. Our Scottish
counsel, CMS Cameron McKenna Nabarro Olswang LLP, will pass upon certain matters of Scots law relating to the validity under Scots law
of the debt securities and the capital securities issued by LBG and the subordination provisions of the subordinated debt securities and
capital securities issued by LBG.

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EXPERTS</div>

The consolidated financial statements of
Lloyds Banking Group plc as at December 31, 2024 and 2023 and for each of the three years in the period ended December 31, 2024,
incorporated by reference in this prospectus by reference to Lloyds Banking Group plc’s Annual Report on Form 20-F for the
year ended December 31, 2024, and the effectiveness of Lloyds Banking Group plc’s internal control over financial reporting
have been audited by Deloitte LLP, an independent registered public accounting firm, as stated in their reports. Such consolidated
financial statements are incorporated by reference in reliance upon the reports of such firm, given their authority as experts in
accounting and auditing.

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ENFORCEMENT OF
CIVIL LIABILITIES</div>

LBG is a public limited company incorporated under
the laws of Scotland. Most of LBG’s directors and executive officers and certain of the experts named herein are residents of the
United Kingdom. A substantial portion of the assets of LBG, its subsidiaries and such persons, are located outside the United States.
As a result, it may not be possible for investors to effect service of process within the United States upon all such persons or to enforce
against them in U.S. courts judgments obtained in such courts, including those predicated upon the civil liability provisions of the federal
securities laws of the United States. Furthermore, LBG has been advised by its solicitors that there is doubt as to the enforceability
in England & Wales and Scotland, in original actions or in actions for enforcement of judgments of U.S. courts, of certain civil liabilities,
including those predicated solely upon the federal securities laws of the United States.

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WHERE YOU CAN FIND
MORE INFORMATION</div>

Ongoing Reporting

LBG is subject to the informational requirements
of the Exchange Act and, in accordance therewith, LBG files reports