Company: LLOBF
Filing Date: 2025-06-10
Form Type: 424B2
Source: 0000950103-25-007181
Chunk: 166

Company: Lloyds Banking Group plc
Filing Date: 2025-06-10
Form: 424B2
Chunk 166
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 anti-bribery and sanctions regulations; failure to prevent or detect
any illegal or improper activities; operational risks including risks as a result of the failure of third party suppliers; conduct risk;
technological changes and risks to the security of IT and operational infrastructure, systems, data and information resulting from increased
threat of cyber and other attacks; technological failure; inadequate or failed internal or external processes or systems; risks relating
to ESG matters, such as climate change (and achieving climate change ambitions) and decarbonization, including the Group’s ability
along with the government and other stakeholders to measure, manage and mitigate the impacts of climate change effectively, and human
rights issues; the impact of competitive conditions; failure to attract, retain and develop high caliber talent; the ability to achieve
strategic objectives; the ability to derive cost savings and other benefits including, but without limitation, as a result of any acquisitions,
disposals and other strategic transactions; inability to capture accurately the expected value from acquisitions; assumptions and estimates
that form the basis of the Group’s financial statements; and potential changes in dividend policy. A number of these influences
and factors are beyond the Group’s control.

Other factors could also adversely affect our
results or the accuracy of forward-looking statements in this prospectus, and you should not consider the factors discussed here or in
LBG’s Form 20-F filed on February 20, 2025 or other documents incorporated by reference herein to be a complete set of all potential
risks or uncertainties. We have economic, financial market, credit, legal and other specialists who monitor economic and market conditions
and government policies and actions. However, because it is difficult to predict with accuracy any changes in economic or market conditions
or in governmental policies and actions, it is difficult for us to anticipate the effects that such changes could have on our financial
performance and business operations.

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The forward-looking statements made in this prospectus speak only as
of the date of this prospectus. We do not intend to publicly update or revise these forward-looking statements to reflect events or circumstances
after the date of this prospectus, and we do not assume any responsibility to do so. You should, however, consult any further disclosures
of a forward-looking nature we made in other documents filed with the SEC that are incorporated by reference into this prospectus. This
discussion is provided as permitted by the Private Securities Litigation Reform Act of 1995.

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