Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013729
Chunk: 8

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 8
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 with the SEC on October 23, 2025, disclosing LBG’s capitalization as of September 30, 2025.

We also incorporate by reference in this prospectus
supplement and the accompanying prospectus any future documents we may file with the SEC under Section 13(a), 13(c), 14 or 15(d) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), from the date of this prospectus supplement until
the offering contemplated in this prospectus supplement is completed. Reports on Form 6-K that we may furnish to the SEC after the date
of this prospectus supplement (or portions thereof) are incorporated by reference in this prospectus supplement only to the extent that
the report expressly states that it is (or such portions are) incorporated by reference in this prospectus supplement.

<div align='center'>S-2</div>

<div align='center'>Forward-Looking
Statements</div>

From time to time, we may make statements, both
written and oral, regarding assumptions, projections, expectations, intentions or beliefs about future events. These statements
constitute “forward-looking statements” for purposes of the Private Securities Litigation Reform Act of 1995. We caution that
these statements may and often do vary materially from actual results. Accordingly, we cannot assure you that actual results will not
differ materially from those expressed or implied by the forward-looking statements. You should read the sections entitled “Risk Factors” in this prospectus supplement and “Forward-Looking Statements” in our Annual Report on Form 20-F
for the year ended December 31, 2024, which is incorporated by reference herein.

We do not undertake any obligation to publicly
update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these
risks, uncertainties and assumptions, forward-looking events discussed in this prospectus supplement or any information incorporated by
reference, might not occur.

<div align='center'>Important Information</div>

An investment in the Additional Tier 1 Securities
may give rise to higher yields than a bank deposit placed with a deposit taking bank within the Group. However, an investment in the Additional
Tier 1 Securities carries risks which are very different from the risk profile of such a bank deposit. See “Risk Factors”
and “Interest Cancellation and Automatic Conversion” below. The Additional Tier 1 Securities may provide greater liquidity
than a bank