FORWARD-LOOKING STATEMENTS
This document contains certain forward-looking statements within the meaning of Section 21E of the US Securities
Exchange Act of 1934, as amended, and section 27A of the US Securities Act of 1933, as amended, with respect to
the business, strategy, plans and/or results of Lloyds Banking Group plc together with its subsidiaries (the Group)
and its current goals and expectations. Statements that are not historical or current facts, including statements
about the Group’s or its directors’ and/or management’s beliefs and expectations, are forward-looking statements.
Words such as, without limitation, ‘believes’, ‘achieves’, ‘anticipates’, ‘estimates’, ‘expects’, ‘targets’, ‘should’,
‘intends’, ‘aims’, ‘projects’, ‘plans’, ‘potential’, ‘will’, ‘would’, ‘could’, ‘considered’, ‘likely’, ‘may’, ‘seek’, ‘estimate’,
‘probability’, ‘goal’, ‘objective’, ‘deliver’, ‘endeavour’, ‘prospects’, ‘optimistic’ and similar expressions or variations
on these expressions are intended to identify forward-looking statements. These statements concern or may affect
future matters, including but not limited to: projections or expectations of the Group’s future financial position,
including profit attributable to shareholders, provisions, economic profit, dividends, capital structure, portfolios,
net interest margin, capital ratios, liquidity, risk-weighted assets (RWAs), expenditures or any other financial items
or ratios; litigation, regulatory and governmental investigations; the Group’s future financial performance; the level
and extent of future impairments and write-downs; the Group’s ESG targets and/or commitments; statements of
plans, objectives or goals of the Group or its management and other statements that are not historical fact and
statements of assumptions underlying such statements. By their nature, forward-looking statements involve risk
and uncertainty because they relate to events and depend upon circumstances that will or may occur in the future.
Factors that could cause actual business, strategy, targets, plans and/or results (including but not limited to the
payment of dividends) to differ materially from forward-looking statements include, but are not limited to: general
economic and business conditions in the UK and internationally (including in relation to tariffs); imposed and
threatened tariffs and changes to global trade policies; acts of hostility or terrorism and responses to those acts, or
other such events; geopolitical unpredictability; the war between Russia and Ukraine; the escalation of conflicts in
the Middle East; the tensions between China and Taiwan; political instability including as a result of any UK general
election; market related risks, trends and developments; changes in client and consumer behaviour and demand;
exposure to counterparty risk; the ability to access sufficient sources of capital, liquidity and funding when
required; changes to the Group’s credit ratings; fluctuations in interest rates, inflation, exchange rates, stock
markets and currencies; volatility in credit markets; volatility in the price of the Group’s securities; natural
pandemic and other disasters; risks concerning borrower and counterparty credit quality; risks affecting insurance
business and defined benefit pension schemes; changes in laws, regulations, practices and accounting standards or
taxation; changes to regulatory capital or liquidity requirements and similar contingencies; the policies and actions
of governmental or regulatory authorities or courts together with any resulting impact on the future structure of
the Group; risks associated with the Group’s compliance with a wide range of laws and regulations; assessment
related to resolution planning requirements; risks related to regulatory actions which may be taken in the event of
a bank or Group failure; exposure to legal, regulatory or competition proceedings, investigations or complaints;
failure to comply with anti-money laundering, counter terrorist financing, anti-bribery and sanctions regulations;
failure to prevent or detect any illegal or improper activities; operational risks including risks as a result of the
failure of third party suppliers; conduct risk; technological changes and risks to the security of IT and operational
infrastructure, systems, data and information resulting from increased threat of cyber and other attacks;
technological failure; inadequate or failed internal or external processes or systems; risks relating to ESG matters,
such as climate change (and achieving climate change ambitions) and decarbonisation, including the Group’s
ability along with the government and other stakeholders to measure, manage and mitigate the impacts of climate
change effectively, and human rights issues; the impact of competitive conditions; failure to attract, retain and
develop high calibre talent; the ability to achieve strategic objectives; the ability to derive cost savings and other
benefits including, but without limitation, as a result of any acquisitions, disposals and other strategic transactions;
inability to capture accurately the expected value from acquisitions; assumptions and estimates that form the
basis of the Group’s financial statements; and potential changes in dividend policy. A number of these influences
and factors are beyond the Group’s control. Please refer to the latest Annual Report on Form 20-F filed by Lloyds
Banking Group plc with the US Securities and Exchange Commission (the SEC), which is available on the SEC’s
website at www.sec.gov, for a discussion of certain factors and risks. Lloyds Banking Group plc may also make or
disclose written and/or oral forward-looking statements in other written materials and in oral statements made by
the directors, officers or employees of Lloyds Banking Group plc to third parties, including financial analysts.
Except as required by any applicable law or regulation, the forward-looking statements contained in this
document are made as of today’s date, and the Group expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements contained in this document whether as a
result of new information, future events or otherwise. The information, statements and opinions contained in this
document do not constitute a public offer under any applicable law or an offer to sell any securities or financial
instruments or any advice or recommendation with respect to such securities or financial instruments.
EXPLANATORY NOTE
This report on Form 6-K contains the interim report of Lloyds Banking Group plc, which includes the unaudited
consolidated interim results for the nine months ended 30 September 2025 and is being incorporated by reference
into the Registration Statement with File No. 333-287829.
