Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013729
Chunk: 171

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 171
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 1 Securities to be made the
subject of an invitation for subscription or purchase and will not offer or sell such Additional Tier 1 Securities or cause such Additional
Tier 1 Securities to be made the subject of an invitation for subscription or purchase, and has not circulated or distributed, nor will
it circulate or distribute, the prospectus or any other document or material in connection with the offer or sale, or invitation for subscription
or purchase, of such Additional Tier 1 Securities, whether directly or indirectly, to any person in Singapore other than (i) to an institutional
investor (as defined in Section 4A of the Securities and Future 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.

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 Additional Tier 1 Securities 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 has severally, and not jointly,
represented and agreed that the Additional Tier 1 Securities 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 has severally, and not jointly,
represented and agreed that it has not offered and will not offer the Additional Tier 1 Securities to any person in the Dubai International
Financial Centre unless such offer is:

(a) an
“Exempt Offer” in accordance