Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013729
Chunk: 164

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 164
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USIP number for the Additional Tier
1 Securities is 539439 BF5, the ISIN is US539439BF59 and the Common Code is 322252323.

We have agreed to indemnify the several Underwriters
against certain liabilities, including liabilities under the Securities Act of 1933, as amended.

It is expected that delivery of the Additional
Tier 1 Securities will be made against payment on or about the date specified in the last paragraph of the cover page of this prospectus
supplement, which will be the fifth business day following the date of pricing of the Additional Tier 1 Securities (such settlement cycle
being referred to as “T+5”). Trades in the secondary market generally are required to settle in one Business Day, unless
the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade Additional Tier 1 Securities on the
date of pricing or the next three succeeding business days will be required, by virtue of the fact that the Additional Tier 1 Securities
initially will settle in T+5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers
of Additional Tier 1 Securities who wish to trade Additional Tier 1 Securities on the date of pricing or the next three succeeding business
days should consult their own advisors.

Market-Making Resales by Affiliates

This prospectus supplement may be used by Lloyds
Securities Inc. in connection with offers and sales of the Additional Tier 1 Securities in market-making transactions. In a market-making
transaction, Lloyds Securities Inc. may resell an Additional Tier 1 Security it acquires from other holders, after the original offering
and sale of the Additional Tier 1 Security. Resales of this kind may occur in the open market or may be privately negotiated, at prevailing
market prices at the time of resale or at related or negotiated prices. In these transactions, Lloyds Securities Inc. may act as principal,
or agent, including as agent for the counterparty in a transaction in which Lloyds Securities Inc. acts as principal, or as agent for
both counterparties in a transaction in which Lloyds Securities Inc. does not act as principal. Lloyds Securities Inc. may receive compensation
in the form of discounts and commissions, including from both counterparties in some cases. Other affiliates of LBG may also engage in
transaction of this kind and may use this prospectus for this purpose.

The aggregate