Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013683
Chunk: 8

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 8
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Statements</div>

From time to time, we may make statements, both
written and oral, regarding assumptions, projections, expectations, intentions or beliefs about future events. These statements constitute
“forward-looking statements” for purposes of the Private Securities Litigation Reform Act of 1995. We caution that these statements
may and often do vary materially from actual results. Accordingly, we cannot assure you that actual results will not differ materially
from those expressed or implied by the forward-looking statements. You should read the sections entitled “Risk Factors” in
this prospectus supplement and “Forward-Looking Statements” in our Annual Report on Form 20-F for the year ended December
31, 2024, which is incorporated by reference herein.

We do not undertake any obligation to publicly
update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these
risks, uncertainties and assumptions, forward-looking events discussed in this prospectus supplement or any information incorporated by
reference, might not occur.

<div align='center'>Important Information</div>

U.K. MiFIR product governance / Professional investors and ECPs only target market

Solely for the purposes of
the manufacturer’s product approval process, the target market assessment in respect of the Senior Notes has led to the conclusion
that: (i) the target market for the Senior Notes is only eligible counterparties, as defined in the FCA Handbook Conduct of Business Sourcebook
(“COBS”), and professional clients, as defined in Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of
the EUWA (“U.K. MiFIR”); and (ii) all channels for distribution of the Senior Notes to eligible counterparties and professional
clients are appropriate. Any person subsequently offering, selling or recommending the Senior Notes (a “distributor”) should
take into consideration the manufacturer’s target market assessment; however, a distributor subject to the FCA Handbook Product
Intervention and Product Governance Sourcebook (the “U.K. MiFIR Product Governance Rules”) is responsible for undertaking
its own target market assessment in respect of the Senior Notes (by either adopting or refining the manufacturer’s target market
assessment) and determining appropriate distribution channels.

EU PRIIPs Regulation / Prohibition of sales to EEA retail investors – The Senior Notes are not intended to be offered, sold or otherwise made available to and should not
be offered, sold or