Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 100

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 100
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 to private clients within the meaning of the FinSA in Switzerland.

The Notes may not be publicly offered, directly
or indirectly, in Switzerland, except to Professional Investors. Offering or marketing material relating to Notes may not be distributed
or otherwise made available in Switzerland, except to Professional Investors.

The Notes do not constitute participations in
a collective investment scheme within the meaning of the Swiss Collective Investment Schemes Act (“CISA”). Therefore, the
Notes are not subject to the approval of, or supervision by, the Swiss Financial Market Supervisory Authority (“FINMA”), and
investors in the Notes will not benefit from protection under the CISA or supervision by FINMA.

Republic of Italy

Each Underwriter has represented and agreed that
it has not offered, sold or otherwise made available, and will not offer, sell or otherwise make available, any Notes to any investor
in Italy.

Hong Kong

Each underwriter, severally and not jointly, has
represented and agreed that:

(a) it
has not offered or sold and will not offer or sell in Hong Kong, by means of any document, any Notes other than (a) to “professional
investors” as defined in the Securities and Futures Ordinance (Cap. 571) of Hong Kong (the “SFO”) and any rules made
under the SFO; or (b) in other circumstances which do not result in the document being 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 Notes, 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 Notes 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 Notes have not been and will not be registered
under the Financial Instruments and Exchange Act of Japan