EXHIBIT 99.1
CAPITALISATION
The following table shows the capitalisation and indebtedness of Lloyds Banking Group plc together with its subsidiaries (the Group) on a consolidated basis as at 30 September 2024. In accordance with IFRS, certain preference shares are classified as debt and are included in subordinated liabilities in the table below.
| | | | | |
| Capitalisation | At 30 Sep 2024 £m |
| |
| Equity | |
| Ordinary shareholders’ equity | 40,258 | |
| Other equity instruments | 5,932 | |
| Non-controlling interests | 231 | |
| Total equity | 46,421 | |
| |
| Indebtedness | |
| Subordinated liabilities | 10,860 | |
| Debt securities | |
| Debt securities in issue at amortised cost | 70,805 | |
| Liabilities designated at fair value through profit or loss | 4,964 | |
| Total debt securities | 75,769 | |
| Total indebtedness | 86,629 | |
| |
| Total capitalisation and indebtedness | 133,050 | |
Excluding indebtedness issued under government-guaranteed funding programmes, none of the indebtedness set forth above is guaranteed by persons other than members of the Group. As of 30 September 2024, all indebtedness was unsecured except for £17.5 billion of securitisation notes and covered bonds and £1.1 billion of debt securities issued by the Group’s asset-backed conduits.
On 3 October 2024 the Group issued £763 million of Additional Tier 1 securities, accounted for as other equity instruments.
There have been no issuances or redemptions of subordinated liabilities since 30 September 2024.
There has been no material change in the information set forth in the table above since 30 September 2024.
