Company: LLOBF
Filing Date: 2025-02-25
Form Type: 424B2
Source: 0000950103-25-002401
Chunk: 174

Company: Lloyds Banking Group plc
Filing Date: 2025-02-25
Form: 424B2
Chunk 174
---
 the net proceeds from the sale of the securities offered by this prospectus will be used for the general corporate
purposes of the Group. The Group has raised capital, Minimum Required Eligible Liabilities (“MREL”) and funding in various
markets from time to time and we expect to continue to raise capital, MREL and funding in appropriate markets as and when required.

<div align='center'>2

LLOYDS BANKING
GROUP PLC</div>

Lloyds Banking Group plc was incorporated as a
public limited company and registered in Scotland under the U.K. Companies Act 1985 on October 21, 1985 (registration number SC095000).
Lloyds Banking Group plc’s registered office is at The Mound, Edinburgh EH1 1YZ, Scotland, and its principal executive offices are
located at 25 Gresham Street, London EC2V 7HN, United Kingdom, telephone number + 44 (0) 20 7626 1500.

The history of the Group can be traced back to
the 18th century when the banking partnership of Taylors and Lloyds was established in Birmingham, England. Lloyds Bank Plc was incorporated
in 1865 and during the late 19th and early 20th centuries entered into a number of acquisitions and mergers, significantly increasing
the number of banking offices in the U.K. In 1995, it continued to expand with the acquisition of the Cheltenham and Gloucester Building
Society.

TSB Group plc became operational in 1986 when,
following U.K. Government legislation, the operations of four Trustee Savings Banks and other related companies were transferred to TSB
Group plc and its new banking subsidiaries. By 1995, the TSB Group had, either through organic growth or acquisition, developed life and
general insurance operations, investment management activities, and a motor vehicle hire purchase and leasing operation to supplement
its retail banking activities.

In 1995, TSB Group plc merged with Lloyds Bank
Plc. Under the terms of the merger, the TSB and Lloyds Bank groups were combined under TSB Group plc, which was re-named Lloyds TSB Group
plc, with Lloyds Bank Plc, which was subsequently re-named Lloyds TSB Bank plc, the principal subsidiary. In 1999, the businesses, assets
and liabilities of TSB Bank plc, the principal banking subsidiary