Company: LLOBF
Filing Date: 2025-06-10
Form Type: 424B2
Source: 0000950103-25-007181
Chunk: 162

Company: Lloyds Banking Group plc
Filing Date: 2025-06-10
Form: 424B2
Chunk 162
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ordination 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 and other information with the SEC. The SEC maintains a website at
http://www.sec.gov which contains in electronic form each of the reports and other information that we have filed electronically with
the SEC. You can also read this material at the offices of The New York Stock Exchange, 20 Broad Street, New York, New York 10005, United
States on which certain of