Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 166

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 166
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along with the government and other stakeholders to measure, manage and mitigate the impacts of climate change effectively, and human
rights issues; the impact of competitive conditions; failure to attract, retain and develop high caliber talent; the ability to achieve
strategic objectives; the ability to derive cost savings and other benefits including, but without limitation, as a result of any acquisitions,
disposals and other strategic transactions; inability to capture accurately the expected value from acquisitions; assumptions and estimates
that form the basis of the Group’s financial statements; and potential changes in dividend policy. A number of these influences
and factors are beyond the Group’s control.

Other factors could also adversely affect our
results or the accuracy of forward-looking statements in this prospectus, and you should not consider the factors discussed here or in
LBG’s Form 20-F filed on February 20, 2025 or other documents incorporated by reference herein to be a complete set of all potential
risks or uncertainties. We have economic, financial market, credit, legal and other specialists who monitor economic and market conditions
and government policies and actions. However, because it is difficult to predict with accuracy any changes in economic or market conditions
or in governmental policies and actions, it is difficult for us to anticipate the effects that such changes could have on our financial
performance and business operations.

<div align='center'>47</div>

The forward-looking statements made in this prospectus speak only as
of the date of this prospectus. We do not intend to publicly update or revise these forward-looking statements to reflect events or circumstances
after the date of this prospectus, and we do not assume any responsibility to do so. You should, however, consult any further disclosures
of a forward-looking nature we made in other documents filed with the SEC that are incorporated by reference into this prospectus. This
discussion is provided as permitted by the Private Securities Litigation Reform Act of 1995.

<div align='center'>48

Lloyds Banking Group plc

$1,250,000,000 4.818% Senior Callable Fixed-to-Fixed
Rate Notes due 2029

$500,000,000 Senior Callable Floating Rate
Notes due 2029

$1,250,000,000 6.068% Fixed Rate Reset Dated
Subordinated Tier 2 Notes due 2036

PROSPECTUS SUPPLEMENT

(to prospectus dated June 6, 2025)

Joint Bookrunning Managers for the Senior Notes</div