FORWARD-LOOKING
STATEMENTS
Certain statements included
in this announcement are forward-looking statements. We may make forward-looking statements in other documents filed with
the SEC that are incorporated by reference into the prospectus. Forward-looking statements can be identified by the use
of forward-looking terminology such as words "expect", "estimate", "project", "anticipate",
"believes", "should", "could", 'intend", "plan", "probability",
"risk", "target", "goal", "objective", "may", "endeavour",
"outlook", "optimistic", "prospects" or by the use of similar expressions or variations
on such expressions, or by the discussion of strategy or objectives. Forward-looking statements are based on current plans,
estimates and projections, and are subject to inherent risks, uncertainties and other factors which could cause actual
results to differ materially from the future results expressed or implied by such forward-looking statements.
In particular, this announcement
and certain documents incorporated by reference into the prospectus include forward-looking statements relating, but not
limited to, projections or expectations of LBG'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; LBG's future financial performance; the level and extent of future impairments and write-downs; statements
of plans, objectives or goals of LBG or its management including in respect of statements about the future business and
economic environments in the U.K. and elsewhere including, but not limited to, future trends in interest rates, foreign
exchange rates, credit and equity market levels and demographic developments; statements about competition, regulation,
disposals and consolidation or technological developments in the financial services industry; and statements of assumptions
underlying such statements. Such statements are subject to risks, uncertainties and other factors which could cause actual
results to differ materially from the future results expressed or implied by such forward-looking statements. For example,
certain of the market risk disclosures are dependent on choices about key model characteristics, assumptions and estimates,
and are subject to various limitations. By their nature, certain of the market risk disclosures are only estimates and,
as a result, actual future gains and losses could differ materially from those that have been estimated.
Other factors could also
adversely affect our results or the accuracy of forward-looking statements in this announcement, and you should not consider
the factors discussed here or in the Annual Report or other documents incorporated by reference into the prospectus to
be a complete set of all potential risks or uncertainties. We have economic, financial market, credit, legal and other
specialists who monitor economic and market conditions and government policies and actions. However, because it is difficult
to predict with accuracy any changes in economic or market conditions or in governmental policies and actions, it is difficult
for us to anticipate the effects that such changes could have on our financial performance and business operations.
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