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 31 March 2025. In accordance with IFRS, certain preference shares are classified as debt and are included in subordinated liabilities in the table below.
Capitalisation
At 31 Mar 2025
£m
Equity
Ordinary shareholders’ equity40,680 
Other equity instruments6,945 
Non-controlling interests175 
Total equity47,800 
Indebtedness
Subordinated liabilities9,446 
Debt securities
Debt securities in issue at amortised cost67,823 
Liabilities designated at fair value through profit or loss4,540 
Total debt securities72,363 
Total indebtedness81,809 
Total capitalisation and indebtedness129,609 
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 31 March 2025, all indebtedness was unsecured except for £14.7 billion of securitisation notes and covered bonds and £1.0 billion of debt securities issued by the Group’s asset-backed conduits.
On 1 April 2025, EUR 1.5 billion debt securities were redeemed. There have been no issuances of debt securities since 31 March 2025.
On 22 April 2025, £273 million of subordinated liabilities matured. There have been no issuances of subordinated liabilities since 31 March 2025.
There have been no issuances or redemptions of other equity instruments since 31 March 2025.
There has been no material change in the information set forth in the table above since 31 March 2025.