Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013729
Chunk: 234

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 234
---
Old Broad Street, London, EC2N 1HZ, United Kingdom or by telephone at +44 (0) 207 626 1500.

<div align='center'>46</div>

<div align='center'>CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS</div>

This prospectus contains certain forward-looking
statements within the meaning of Section 21E of the Exchange Act, as amended, and section 27A of the Securities Act, as amended, with
respect to the business, strategy, plans and/or results of the Group and its current goals and expectations. Statements that are not historical
or current facts, including statements about the Group’s or its directors’ and/or management’s beliefs and expectations,
are forward-looking statements. Words such as, without limitation, ‘believes’, ‘achieves’, ‘anticipates’,
‘estimates’, ‘expects’, ‘targets’, ‘should’, ‘intends’, ‘aims’,
‘projects’, ‘plans’, ‘potential’, ‘will’, ‘would’, ‘could’, ‘considered’,
‘likely’, ‘may’, ‘seek’, ‘estimate’, ‘probability’, ‘goal’, ‘objective’,
‘deliver’, ‘endeavor’, ‘prospects’, ‘optimistic’ and similar expressions or variations
on these expressions are intended to identify forward-looking statements. These statements concern or may affect future matters, including
but not limited to: projections or expectations of the Group’s future financial position, including profit attributable to shareholders,
provisions, economic profit, dividends, capital structure, portfolios, net interest margin, capital ratios, liquidity, risk-weighted assets,
expenditures or any other financial items or ratios; litigation, regulatory and governmental investigations; the Group’s future
financial performance; the level and extent of future impairments and write-downs; the Group’s ESG targets and/or commitments; statements
of plans, objectives or goals of the Group or its management and other statements that are not historical fact and statements of assumptions
underlying such statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and
depend upon circumstances that will or may occur in the future.

Factors that could cause actual business, strategy,
targets, plans and/or results (including but not limited to the payment of dividends) to differ materially from forward-looking statements
include, but are not limited to: general economic and business conditions in the United Kingdom and internationally (including in relation
to tariffs); imposed and threatened tariffs and