Company: LLOBF
Filing Date: 2025-06-06
Form Type: F-3ASR
Source: 0000950103-25-007096
Chunk: 89

Company: Lloyds Banking Group plc
Filing Date: 2025-06-06
Form: F-3ASR
Chunk 89
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 sell senior debt securities to or through dealers, and the dealers may receive compensation in
the form of discounts, concessions or commissions from the underwriters and/or commissions from the purchasers for whom they may act as
agents. Underwriters, dealers and agents that participate in the distribution of senior debt securities may be deemed to be underwriters,
and any discounts or commissions that we pay them and any profit on the resale of senior debt securities by them may be deemed to be underwriting
discounts and commissions, under the Securities Act. Any such underwriter or agent will be identified, and any such compensation that
we pay will be described, in the prospectus supplement.

Under agreements which we may enter into, we may
be required to indemnify underwriters, dealers and agents who participate in the distribution of senior debt securities against certain
liabilities, including liabilities under the Securities Act.

Unless a prospectus supplement specifies otherwise,
we will not offer any senior debt securities or any investments representing senior debt securities of any series to the public in the
United Kingdom. Unless otherwise specified in any agreement which we may enter into, underwriters, dealers and/or agents in relation to
the distribution of senior debt securities or any investments representing senior debt securities of any series and subject to the terms
of any such agreement, any underwriter, dealer or agent in connection with an offering of senior debt securities or any investments representing
senior debt securities of any series will represent and agree that:

| · | it has complied and will comply with all applicable provisions of the Financial Services and Markets Act 2000 (the “FSMA”)            
 and all rules and regulations made pursuant to the FSMA with respect to anything done by it in relation to the senior debt securities 
 or any investments representing senior debt securities of such series in, from or otherwise involving the U.K.; and                   |

| · | it has only communicated or caused to be communicated and will only communicate or cause to be communicated any invitation or inducement        
 to engage in investment activity (within the meaning of Section 21 of the FSMA) received by it in connection with the issue or sale of          
 the senior debt securities or any investments representing the senior debt securities (including without limitation the registration statement, 
 the prospectus or any preliminary prospectus) in circumstances in which Section 21(1) of the FSMA would not, if Lloyds Bank was not an          
 authorized person, apply to Lloyds Bank as the issuer of the senior debt securities.                                                            |

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