Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013683
Chunk: 76

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 76
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 herein, or (iii) it is relying on an exemption from the dealer registration requirements under applicable Canadian
securities laws and has complied with the requirements of that exemption; and

<div align='center'>S-49</div>

(c) it
has not and will not distribute or deliver any offering memorandum, or any other offering material in connection with any offering of
the Senior Notes, in or to a resident of Canada, other than delivery of this prospectus supplement, and otherwise in compliance with applicable
Canadian securities laws.

United Kingdom

General restrictions

Each Underwriter has severally, and not jointly,
represented and agreed that:

(i) it
has only communicated or caused to be communicated and will only communicate or cause to be communicated an invitation or inducement to
engage in investment activity (within the meaning of section 21 of the FSMA) received by it in connection with the issue or sale of any
Senior Notes in circumstances in which section 21(1) of the FSMA does not apply to LBG; and

(ii) it
has complied and will comply with all the applicable provisions of the FSMA with respect to anything done by it in relation to any Senior
Notes in, from or otherwise involving the United Kingdom.

Prohibition of sales to U.K. retail investors

Each Underwriter has severally, and not jointly,
represented and agreed that it has not offered, sold or otherwise made available and will not offer, sell or otherwise make available
any Senior Notes to any retail investor in the United Kingdom. For the purposes of this provision, the expression “retail investor”
means a person who is one (or more) of the following:

(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 of the United Kingdom by virtue of the EUWA; or

(ii) a
customer within the meaning of the provisions of the FSMA and any rules or regulations made under the FSMA to implement Directive (EU)
2016/97, 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 of the United Kingdom by virtue of the EUWA.

This prospectus supplement is for distribution
only to persons who (i) have professional experience in matters relating to investments and who fall within Article 19(