Company: LLOBF
Filing Date: 2025-02-25
Form Type: 424B2
Source: 0000950103-25-002401
Chunk: 13

Company: Lloyds Banking Group plc
Filing Date: 2025-02-25
Form: 424B2
Chunk 13
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 1 Securities or otherwise making them available to retail investors in the EEA has been prepared
and therefore offering or selling the Additional Tier 1 Securities or otherwise making them available to any retail investor in the EEA
may be unlawful under the EU PRIIPs Regulation.

<div align='center'>PROHIBITION OF
SALES TO U.K. RETAIL INVESTORS</div>

The Additional Tier 1 Securities
are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any
retail investor in the United Kingdom. For these purposes, the expression retail investor means a person who is one (or more)
of the following: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic
law by virtue of the European Union (Withdrawal) Act 2018 (as amended, the “EUWA”); or (ii) a customer within the meaning
of the provisions of the Financial Services and Markets Act 2000 (as amended, the “FSMA”) and any rules or regulations
made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in
point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA. Consequently no key information
document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA (as amended, the “U.K. PRIIPs Regulation”) for offering or selling the Additional Tier 1 Securities or otherwise making them available to retail investors
in the United Kingdom has been prepared and therefore offering or selling the Additional Tier 1 Securities or otherwise making them available
to any retail investor in the United Kingdom may be unlawful under the U.K. PRIIPs Regulation.

Each of this prospectus supplement and/or the
accompanying prospectus is being distributed only to and directed only at (i) persons who are outside the U.K., or (ii) persons who are
in the U.K. who are not retail clients (as defined in COBS 3.4) and who are (a) persons who have professional experience in matters relating
to investments who fall within the definition of “investment professionals”