Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013729
Chunk: 170

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 170
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 a “prospectus” as          
 defined in the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) of Hong Kong (the “C(WUMP)O”)                 
 or which do not constitute an offer to the public within the meaning of the C(WUMP)O; and                                            |

| (b) | it has not issued or had in its possession for the purposes of issue, and will not issue or have in its possession for the purposes        
 of issue, whether in Hong Kong or elsewhere, any advertisement, invitation or document relating to the Additional Tier 1 Securities, which 
 is directed at, or the contents of which are likely to be accessed or read by, the public of Hong Kong (except if permitted to do so under 
 the securities laws of Hong Kong) other than with respect to Additional Tier 1 Securities which are or are intended to be disposed of      
 only to persons outside Hong Kong or only to “professional investors” as defined in the SFO and any rules made under the SFO.              |

Japan

The Additional Tier 1 Securities have not been
and will not be registered under the Financial Instruments and Exchange Act of Japan (Act No. 25 of 1948, as amended, the “Financial Instruments and Exchange Act”). Accordingly, each Underwriter has severally, and not jointly, represented and agreed that it
has not offered or sold and will not offer or sell any Additional Tier 1 Securities, directly or indirectly, in Japan or to, or for the
benefit of, any resident of Japan (which term as used herein means any person resident in Japan, including any corporation or other entity
organized under the laws of Japan), or to others for re-offering or resale, directly or indirectly, in Japan or to, or for the benefit
of, a resident of Japan, except pursuant to an exemption from the registration requirements of, and otherwise in compliance with, the
Financial Instruments and Exchange Act and any other relevant laws and regulations of Japan.

<div align='center'>S-105</div>

Singapore

Each Underwriter has severally, and not jointly,
acknowledged that this prospectus supplement (together with the accompanying prospectus) has not been and will not be registered as a
prospectus with the Monetary Authority of Singapore. Accordingly, each Underwriter has severally, and not jointly, represented, warranted
and agreed that it has not offered or sold any Additional Tier 1 Securities or caused such Additional Tier