Company: LLOBF
Filing Date: 2025-06-06
Form Type: F-3ASR
Source: 0000950103-25-007096
Chunk: 67

Company: Lloyds Banking Group plc
Filing Date: 2025-06-06
Form: F-3ASR
Chunk 67
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 together with
its subsidiaries and associated undertakings from time to time; the term “LBG” refers to Lloyds Banking Group plc; the term
“Group” refers to Lloyds Banking Group plc, together with its subsidiary and associated undertakings from time to time; and
the terms “we”, “our” and “us” refer to Lloyds Bank plc as issuer of the securities.

Lloyds Bank publishes its consolidated financial
statements in pounds sterling (“£” or “sterling”), the lawful currency of the United Kingdom. In this prospectus
and any prospectus supplement, references to “dollars” and “$” are to United States dollars.

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USE OF PROCEEDS</div>

Unless a specific plan in the accompanying prospectus
supplement is disclosed, the net proceeds from the sale of the securities offered by this prospectus will be used for the general corporate
purposes of the Bank. The Bank has raised funding in various markets from time to time and we expect to continue to raise funding in appropriate
markets as and when required.

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LLOYDS BANK PLC</div>

Lloyds Bank plc was incorporated as a public limited
company and registered in England under the U.K. Companies Act on April 20, 1865 with the registered number 2065. Lloyds Bank’s
registered office and its principal executive offices in the United Kingdom are located at 25 Gresham Street, London EC2V 7HN, United
Kingdom, telephone number + 44 (0) 20 7626 1500. Lloyds Bank is authorized by the Prudential Regulation Authority (“PRA”)
and regulated by the Financial Conduct Authority (“FCA”) and the PRA. Lloyds Bank maintains a website at www.lloydsbank.com.

Lloyds Bank is a wholly owned subsidiary of LBG
and is the principal operating subsidiary of the Group. The Bank comprises the ring-fenced bank within the Group and its main business
activities are retail and commercial banking.

For further information on Lloyds Bank, please
refer to Item 4.A in Lloyds Bank’s Annual Report on Form 20-F for the fiscal year ended December 31, 2024 filed with the SEC on
February 27, 2025 and incorporated by reference into this document.

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DESCRIPTION OF DEBT SECUR