Company: LLOBF
Filing Date: 2025-10-29
Form Type: 424B2
Source: 0000950103-25-013799
Chunk: 11

Company: Lloyds Banking Group plc
Filing Date: 2025-10-29
Form: 424B2
Chunk 11
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 retail
investor means a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565
as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended (“EUWA”); or (ii) a customer
within the meaning of the provisions of the Financial Services and Markets Act 2000, as amended (the “FSMA”) and any rules
or regulations made under the FSMA to implement the Insurance Distribution Directive, where that customer would not qualify as a professional
client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA.
Consequently, no key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA
(the “U.K. PRIIPs Regulation”) for offering or selling the Senior Notes or otherwise making them available to retail investors
in the U.K. has been prepared and therefore offering or selling the Senior Notes or otherwise making them available to any retail investor
in the U.K. may be unlawful under the U.K. PRIIPs Regulation.

<div align='center'>S-3</div>

Prohibition of sales to Swiss retail investors- The Senior Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise
made available to any retail investors in Switzerland. For these purposes, a retail investor means a person who is a retail client as
defined in Article 4 of the Swiss Financial Services Act (“FinSA”). Consequently, no key information document required by
the EU PRIIPs Regulation (or any equivalent under the FinSA) has been or will be prepared in relation to any Senior Notes and therefore,
any Senior Notes with a derivative character within the meaning of article 86(2) of the Swiss Financial Services Ordinance may not be
offered or recommended to private clients within the meaning of the FinSA in Switzerland.

Singapore Securities and Futures Act Product Classification – Solely for the purposes of our obligations pursuant to Sections 309B(1)(a) and 309B(1)(c) of the Securities
and Futures Act 2001 of Singapore, as modified or amended from time to time (the “S