Company: LLOBF
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0000950103-25-013683
Chunk: 75

Company: Lloyds Banking Group plc
Filing Date: 2025-10-28
Form: 424B2
Chunk 75
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ID II; or

(ii) a
customer within the meaning of the Insurance Distribution Directive, where that customer would not qualify as a professional client as
defined in point (10) of Article 4(1) of MiFID II.

Canada

Each Underwriter has severally, and not jointly,
acknowledged that no prospectus has been filed with any securities commission or similar regulatory authority in Canada in connection
with the offer and sale of the Senior Notes, the Senior Notes have not been, and will not be, qualified for sale under the securities
laws of Canada or any province or territory thereof and no securities commission or similar regulatory authority in Canada
has reviewed or in any way passed upon this prospectus supplement, the underlying prospectus or the merits of the Senior Notes and any
representation to the contrary is an offence.

Each Underwriter has represented and agreed that
it has not offered, sold or distributed and will not offer, sell or distribute any Senior Notes, directly or indirectly, in Canada or
to or for the benefit of any person subject to the securities laws of any province or territory of Canada, other than in compliance with
applicable securities laws and, without limiting the generality of the foregoing:

(a) any
offer or sale of the Senior Notes in Canada will be made only to purchasers that are “accredited investors” (as such term
is defined in section 1.1 of NI 45-106 or, in Ontario, as such term is defined in section 73.3(1) of the Securities Act (Ontario)), that are
also “permitted clients” (as such term is defined in section 1.1 of NI 31-103), that are purchasing as principal, or are deemed
to be purchasing as principal in accordance with applicable Canadian securities laws, and that are not a person created or used solely
to purchase or hold the Senior Notes as an "accredited investor" as described in paragraph (m) of the definition of "accredited
investor" in section 1.1 of NI 45-106;

(b) it
is either (i) appropriately registered under applicable Canadian securities laws in each relevant province or territory to sell and deliver
the Senior Notes, (ii) such sale and delivery will be made through an affiliate of it that is so registered if the affiliate is registered
in a category that permits such sale and has agreed to make such sale and delivery in compliance with the representations, warranties
and agreements set out