Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 160

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 160
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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 not be obligated to do so
and may discontinue any market making at any time without notice. We cannot give any assurance that any broker-dealer will make a market
in securities of any series or as to the liquidity of the trading market for those securities.

To the extent an initial offering of the securities
will be distributed by an affiliate of ours, each such offering of securities must be conducted in compliance with the requirements of
Rule 5121 of the Financial Industry Regulatory Authority, Inc. (“FINRA”), regarding a FINRA member firm’s distribution
of securities of an affiliate and related conflicts of interest. No underwriter, selling agent or dealer utilized in the initial offering
of securities who is an affiliate of ours will confirm sales to accounts over which it exercises discretionary authority without the prior
specific written approval of its customer. Following the initial distribution of any of these securities, affiliates of ours may offer
and sell these securities