Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 165

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 165
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 other statements that are not historical fact and statements of assumptions
underlying such statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and
depend upon circumstances that will or may occur in the future.

Factors that could cause actual business, strategy,
targets, plans and/or results (including but not limited to the payment of dividends) to differ materially from forward-looking statements
include, but are not limited to: general economic and business conditions in the United Kingdom and internationally (including in relation
to tariffs); imposed and threatened tariffs and changes to global trade policies; acts of hostility or terrorism and responses to those
acts, or other such events; geopolitical unpredictability; the war between Russia and Ukraine; the conflicts in the Middle East; the tensions
between China and Taiwan; political instability including as a result of any United Kingdom general election; market related risks, trends
and developments; changes in client and consumer behavior and demand; exposure to counterparty risk; the ability to access sufficient
sources of capital, liquidity and funding when required; changes to the Group’s credit ratings; fluctuations in interest rates,
inflation, exchange rates, stock markets and currencies; volatility in credit markets; volatility in the price of the Group’s securities;
natural pandemic and other disasters; risks concerning borrower and counterparty credit quality; risks affecting insurance business and
defined benefit pension schemes; changes in laws, regulations, practices and accounting standards or taxation; changes to regulatory capital
or liquidity requirements and similar contingencies; the policies and actions of governmental or regulatory authorities or courts together
with any resulting impact on the future structure of the Group; risks associated with the Group’s compliance with a wide range of
laws and regulations; assessment related to resolution planning requirements; risks related to regulatory actions which may be taken in
the event of a bank or Group failure; exposure to legal, regulatory or competition proceedings, investigations or complaints; failure
to comply with anti-money laundering, counter terrorist financing, anti-bribery and sanctions regulations; failure to prevent or detect
any illegal or improper activities; operational risks including risks as a result of the failure of third party suppliers; conduct risk;
technological changes and risks to the security of IT and operational infrastructure, systems, data and information resulting from increased
threat of cyber and other attacks; technological failure; inadequate or failed internal or external processes or systems; risks relating
to ESG matters, such as climate change (and achieving climate change ambitions) and decarbonization, including the Group’s ability