Company: LLOBF
Filing Date: 2025-06-10
Form Type: 424B2
Source: 0000950103-25-007181
Chunk: 102

Company: Lloyds Banking Group plc
Filing Date: 2025-06-10
Form: 424B2
Chunk 102
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i) to an institutional investor (as defined in Section 4A of the Securities
and Futures Act 2001 of Singapore, as modified or amended from time to time (the “SFA”)) pursuant to Section 274 of the SFA
or (ii) to an accredited investor (as defined in Section 4A of the SFA) pursuant to and in accordance with the conditions specified in
Section 275 of the SFA.

<div align='center'>S-69</div>

Singapore Securities and Futures Act Product Classification—Solely
for the purposes of our obligations pursuant to Sections 309B(1)(a) and 309B(1)(c) of the SFA, we have determined, and hereby notify all
relevant persons (as defined in Section 309A(1) of the SFA) that the Notes are “prescribed capital markets products” (as defined
in the Securities and Futures (Capital Markets Products) Regulations 2018 of Singapore) and “Excluded Investment Products”
(as defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products and MAS Notice FAA-N16: Notice on Recommendations on Investment
Products).

United Arab Emirates (excluding the Dubai International
Financial Centre)

Each underwriter, severally and not jointly, has
represented and agreed that the Notes have not been and will not be offered, sold or publicly promoted or advertised by it in the United
Arab Emirates (excluding the Dubai International Financial Centre) other than in compliance with any laws applicable in the United Arab
Emirates (excluding the Dubai International Financial Centre) governing the issue, offering and sale of securities.

Dubai International Financial Centre

Each underwriter, severally and not jointly, has
represented and agreed that it has not offered and will not offer the Notes to any person in the Dubai International Financial Centre
unless such offer is:

(a) an
“Exempt Offer” in accordance with the Markets Rules (MKT) Module of the Dubai Financial Services Authority (the “DFSA”)
Rulebook; and

(b) made
only to persons who meet the Professional Client criteria set out in Rule 2.3.3 of the Conduct of Business Module of the DFSA Rulebook.

Expenses of the Offering

We estimate that our total expenses for the offering,
excluding the underwriting discounts, will be approximately $ , as follows:

| Fees                          | Amount |
|:------------------------------|:-------|
| SEC registration fee          | $