Company: LLOBF
Filing Date: 2025-10-29
Form Type: 424B2
Source: 0000950103-25-013799
Chunk: 75

Company: Lloyds Banking Group plc
Filing Date: 2025-10-29
Form: 424B2
Chunk 75
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 thereof and no securities commission or similar regulatory authority in Canada has reviewed
or in any way passed upon this prospectus supplement, the underlying prospectus or the merits of the Senior Notes and any representation
to the contrary is an offence.

Each Underwriter has represented and agreed that
it has not offered, sold or distributed and will not offer, sell or distribute any Senior Notes, directly or indirectly, in Canada or
to or for the benefit of any person subject to the securities laws of any province or territory of Canada, other than in compliance with
applicable securities laws and, without limiting the generality of the foregoing:

(a) any
offer or sale of the Senior Notes in Canada will be made only to purchasers that are “accredited investors” (as such term
is defined in section 1.1 of NI 45-106 or, in Ontario, as such term is defined in section 73.3(1) of the Securities Act (Ontario)), that
are also “permitted clients” (as such term is defined in section 1.1 of NI 31-103), that are purchasing as principal, or are
deemed to be purchasing as principal in accordance with applicable Canadian securities laws, and that are not a person created or used
solely to purchase or hold the Senior Notes as an "accredited investor" as described in paragraph (m) of the definition of "accredited
investor" in section 1.1 of NI 45-106;

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(b) it
is either (i) appropriately registered under applicable Canadian securities laws in each relevant province or territory to sell and deliver
the Senior Notes, (ii) such sale and delivery will be made through an affiliate of it that is so registered if the affiliate is registered
in a category that permits such sale and has agreed to make such sale and delivery in compliance with the representations, warranties
and agreements set out herein, or (iii) it is relying on an exemption from the dealer registration requirements under applicable Canadian
securities laws and has complied with the requirements of that exemption; and

(c) it
has not and will not distribute or deliver any offering memorandum, or any other offering material in connection with any offering of
the Senior Notes, in or to a resident of Canada, other than delivery of this prospectus supplement, and otherwise in compliance with applicable
Canadian securities laws.

United Kingdom

General restrictions

Each Underwriter has severally, and