Motor Finance Update

Lloyds Banking Group plc has assessed the implications of the FCA's final rules for an industry-wide redress scheme for motor finance. The Group currently does not believe any changes are needed to its provisions for this issue. However, uncertainties remain regarding response rates, operational costs, and potential litigation. The ultimate outcome could be influenced by various factors, including legal proceedings and complaints. An update will be provided with the first quarter results at the end of April. The Group remains committed to ensuring customers receive appropriate and timely redress. The filing also includes standard forward-looking statements and disclaimers.