Company: LLOBF
Filing Date: 2025-06-06
Form Type: F-3ASR
Source: 0000950103-25-007096
Chunk: 58

Company: Lloyds Banking Group plc
Filing Date: 2025-06-06
Form: F-3ASR
Chunk 58
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,
dealers and agents that participate in the distribution of securities may be deemed to be underwriters, and any discounts or commissions
that we pay them and any profit on the resale of securities by them may be deemed to be underwriting discounts and commissions, under
the Securities Act. Any such underwriter or agent will be identified, and any such compensation that we pay will be described, in the
prospectus supplement.

Under agreements which we may enter into, we may
be required to indemnify underwriters, dealers and agents who participate in the distribution of securities against certain liabilities,
including liabilities under the Securities Act.

Unless a prospectus supplement specifies otherwise,
we will not offer any securities or any investments representing securities, including ADSs, of any series to the public in the United
Kingdom. Unless otherwise specified in any agreement which we may enter into, underwriters, dealers and/or agents in relation to the distribution
of securities or any investments representing securities, including ADSs, of any series and subject to the terms of any such agreement,
any underwriter, dealer or agent in connection with an offering of securities or any investments representing securities, including ADSs,
of any series will represent and agree that:

| · | it has complied and will comply with all applicable provisions of the Financial Services and Markets Act 2000 (the “FSMA”)                   
 and all rules and regulations made pursuant to the FSMA with respect to anything done by it in relation to the securities or any investments 
 representing securities, including ADSs, of such series in, from or otherwise involving the U.K.; and                                        |

| · | it has only communicated or caused to be communicated and will only communicate or cause to be communicated any 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    
 the securities or any investments representing the securities (including ADSs) (including without limitation the registration statement,  
 the prospectus, any preliminary prospectus, any ADS registration statement or any ADS prospectus) in circumstances in which Section 21(1) 
 of the FSMA does not apply to LBG as the issuer of the securities.                                                                        |

Each new series of debt securities and capital
securities will be a new issue of securities with no established trading market. If securities of a particular series are not listed on
a U.S. national securities exchange, certain broker-dealers may make a market in those securities, but will