Company: LLOBF
Filing Date: 2025-02-25
Form Type: 424B2
Source: 0000950103-25-002401
Chunk: 234

Company: Lloyds Banking Group plc
Filing Date: 2025-02-25
Form: 424B2
Chunk 234
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 EC2V 7HN, United Kingdom or by telephone at +44 (0) 207 356 1273.

<div align='center'>43

CAUTIONARY STATEMENT
ON FORWARD-LOOKING STATEMENTS</div>

Certain statements included in this prospectus
are forward-looking statements. We may make forward-looking statements in other documents filed with the SEC that are incorporated by
reference into this prospectus. Forward-looking statements can be identified by the use of forward-looking terminology such as words “expect”,
“estimate”, “project”, “anticipate”, “believes”, “should”, “could”,
“intend”, “plan”, “probability”, “risk”, “target”, “goal”, “objective”,
“may”, “endeavor”, “outlook”, “optimistic”, “prospects” or by the use of similar
expressions or variations on such expressions, or by the discussion of strategy or objectives. Forward-looking statements are based on
current plans, estimates and projections, and are subject to inherent risks, uncertainties and other factors which could cause actual
results to differ materially from the future results expressed or implied by such forward-looking statements.

In particular, this prospectus and certain documents
incorporated by reference into this prospectus include forward-looking statements relating, but not limited to: projections or expectations
of LBG’s future financial position, including profit attributable to shareholders, provisions, economic profit, dividends, capital
structure, portfolios, net interest margin, capital ratios, liquidity, risk-weighted assets (“RWAs”), expenditures or any
other financial items or ratios; litigation, regulatory and governmental investigations; LBG’s future financial performance; the
level and extent of future impairments and write-downs; LBG’s ESG targets and/or commitments; statements of plans, objectives or
goals of LBG or its management and other statements that are not historical fact; expectations about the impact of COVID-19; 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,
plans and/or results (including but not limited to the payment of dividends) to differ materially from forward looking statements made
by LBG or on its behalf include, but are not limited to: general economic and business conditions in the U.K. and internationally; market
related risks, trends and developments; risks concerning borrower