Company: LLOBF
Filing Date: 2025-02-25
Form Type: 424B2
Source: 0000950103-25-002401
Chunk: 236

Company: Lloyds Banking Group plc
Filing Date: 2025-02-25
Form: 424B2
Chunk 236
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 beyond LBG’s control.

Other factors could also adversely affect our
results or the accuracy of forward-looking statements in this prospectus, and you should not consider the factors discussed here or in
LBG’s Form 20-F filed on February 28, 2022 or other documents incorporated by reference herein to be a complete set of all potential
risks or uncertainties. We have economic, financial market, credit, legal and other specialists who monitor economic and market conditions
and government policies and actions. However, because it is difficult to predict with accuracy any changes in economic or market conditions
or in governmental policies and actions, it is difficult for us to anticipate the effects that such changes could have on our financial
performance and business operations.

<div align='center'>44</div>

The forward-looking statements made in this prospectus
speak only as of the date of this prospectus. We do not intend to publicly update or revise these forward-looking statements to reflect
events or circumstances after the date of this prospectus, and we do not assume any responsibility to do so. You should, however, consult
any further disclosures of a forward-looking nature we made in other documents filed with the SEC that are incorporated by reference into
this prospectus. This discussion is provided as permitted by the Private Securities Litigation Reform Act of 1995.

<div align='center'>45

Lloyds Banking Group plc

£750,000,000 Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities

(Callable June 27, 2030 and every five years thereafter)

PROSPECTUS SUPPLEMENT

(to prospectus dated June 7, 2022)

Joint Bookrunners and Joint Lead Managers</div>

| BBVA | J.P. Morgan | Lloyds Bank Corporate Markets |

| Standard Chartered Bank | UBS Investment Bank |