Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013683
Chunk: 78

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 78
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 (“CISA”). Therefore, the
Senior Notes are not subject to the approval of, or supervision by, the Swiss Financial Market Supervisory Authority (“FINMA”),
and investors in the Senior Notes will not benefit from protection under the CISA or supervision by FINMA.

Republic of Italy

Each Underwriter has severally, and not jointly,
represented and agreed that it has not offered, sold or otherwise made available, and will not offer, sell or otherwise make available,
any Senior Notes to any investor in Italy.

Hong Kong

Each Underwriter has severally, and not jointly,
represented and agreed that:

(a) it
has not offered or sold and will not offer or sell in Hong Kong, by means of any document, any Senior Notes other than (a) to “professional
investors” as defined in the Securities and Futures Ordinance (Cap. 571) of Hong Kong (the “SFO”) and any rules made
under the SFO; or (b) in other circumstances which do not result in the document being a “prospectus” as defined in the Companies
(Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) of Hong Kong (the “C(WUMP)O”) or which do not constitute an
offer to the public within the meaning of the C(WUMP)O; and

(b) it
has not issued or had in its possession for the purposes of issue, and will not issue or have in its possession for the purposes of issue,
whether in Hong Kong or elsewhere, any advertisement, invitation or document relating to the Senior Notes, which is directed at, or the
contents of which are likely to be accessed or read by, the public of Hong Kong (except if permitted to do so under the securities laws
of Hong Kong) other than with respect to Senior Notes which are or are intended to be disposed of only to persons outside Hong Kong or
only to “professional investors” as defined in the SFO and any rules made under the SFO.

Japan

The Senior Notes have not been and will not be
registered under the Financial Instruments and Exchange Act of Japan (Act No. 25 of 1948, as amended, the “Financial Instruments
and Exchange Act”). Accordingly, each Underwriter has severally, and not jointly, as represented and agreed that it has not offered
or sold and will not offer or sell any Senior Notes, directly or indirectly, in Japan or to, or for the benefit of, any