Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 95

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 95
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 fact that the Notes initially will settle in T+3, to specify an alternate settlement cycle
at the time of any such trade to prevent a failed settlement. Purchasers of the Notes who wish to trade the Notes on the date of pricing
or the next succeeding business day should consult their own advisors.

Market-Making Resales by Affiliates

This prospectus supplement may be used by Lloyds
Securities Inc. in connection with offers and sales of the Notes in market-making transactions. In a market-making transaction, Lloyds
Securities Inc. may resell a Note it acquires from other holders, after the original offering and sale of the Notes. Resales of this kind
may occur in the open market or may be privately negotiated, at prevailing market prices at the time of resale or at related or negotiated
prices. In these transactions, Lloyds Securities Inc. may act as principal, or agent, including as agent for the counterparty in a transaction
in which Lloyds Securities Inc. acts as principal, or as agent for both counterparties in a transaction in which Lloyds Securities Inc.
does not act as principal. Lloyds Securities Inc. may receive compensation in the form of discounts and commissions, including from both
counterparties in some cases. Other affiliates of the Issuer may also engage in transaction of this kind and may use this prospectus for
this purpose.

The aggregate initial offering price specified
on the cover of this prospectus supplement relates to the initial offering of the Notes described in this prospectus supplement. This
amount does not include Notes sold in market-making transactions. The latter include Notes to be issued after the date of this prospectus,
as well as Notes previously issued.

We do not expect to receive any direct proceeds
from market-making transactions. We do not expect that Lloyds Securities Inc. or any other affiliate that engages in these transactions
will pay any direct proceeds from its market-making resales to us.

Information about the trade and settlement dates,
as well as the purchase price, for a market-making transaction will be provided to the purchaser in a separate confirmation of sale.

Unless we or any agent inform you in your confirmation of sale that your Note is being purchased in its original offering and sale, you may assume that you are purchasing your Note in a market-making transaction.

Stabilization Transactions and Short Sales

In connection with the offering, the Underwriters
may purchase and sell the Notes in the open market. These transactions may include short