Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013729
Chunk: 16

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 16
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 Kong, it is a Professional Investor; (iii) whether or not it is subject to the HKMA Circular,
it will not sell or offer the Additional Tier 1 Securities (or any beneficial interest therein) to retail investors in Hong Kong; or (iv)
it will not communicate (including the distribution of this prospectus supplement) or approve an invitation or inducement to participate
in, acquire or underwrite the Additional Tier 1 Securities (or any beneficial interests therein) where that invitation or inducement is
addressed to or disseminated in such a way that it is likely to be received by any customer in Hong Kong who is not a Professional Investor.

The obligations in the paragraphs above are in
addition to the need to comply at all times with all other applicable laws, regulations and regulatory guidance (whether inside or outside
the EEA, the U.K. or Hong Kong) relating to the promotion, offering, distribution and/or sale of the Additional Tier 1 Securities (or
any beneficial interests therein), whether or not specifically mentioned in this prospectus supplement, including (without limitation)
any requirements under MiFID II, the FCA Handbook, the HKMA Circular or any other applicable laws, regulations and regulatory guidance
as to determining the appropriateness and/or suitability of an investment in the Additional Tier 1 Securities (or any beneficial interests
therein) for investors in any relevant jurisdiction.

<div align='center'>NOTICE TO CANADIAN
INVESTORS</div>

The Additional Tier 1 Securities
may be sold in Canada only to purchasers purchasing, or deemed to be purchasing, as principal that are accredited investors, as defined
in National Instrument 45-106 Prospectus Exemptions (“NI 45-106”) or subsection 73.3(1) of the Securities Act (Ontario), and are permitted clients, as defined in National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (“NI 31-103”) and that are not created or used solely to purchase or hold securities as
an accredited investor described in paragraph (m) of the definition of “accredited investor”.

<div align='center'>S-6</div>

The offer and sale of the
Additional Tier 1 Securities in Canada is being made on a private placement basis only and is exempt from the requirement that we prepare
and file a prospectus under applicable Canadian securities laws. Any resale of the Additional Tier 1 Securities must be made in