Company: LLOBF
Filing Date: 2025-10-09
Form Type: 6-K
Source: 0001654954-25-011590
Chunk: 1

Company: Lloyds Banking Group plc
Filing Date: 2025-10-09
Form: 6-K
Chunk 1
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 continue to transform and grow the wealth business with this full advice proposition, available to more than 3 million mass affluent banking customers across Lloyds, Halifax and Bank of Scotland as well as Scottish Widows and new to bank customers.

After this transaction Schroders will continue to manage SPW's customer assets and the existing Scottish Widows mandate as part of a multi-year agreement. In addition, Lloyds Banking Group will continue to partner with Cazenove Capital to offer services to its high net worth customers.

The acquisition is not expected to have a material financial impact on the Group, or to impact full year guidance, with the exception that, given the associated costs of the acquired business, we now expect Group operating costs to modestly exceed the guidance of c.£9.7 billion in 2025. The capital impact is immaterial to the Group. From an accounting perspective the Group currently recognises its share of the JV profit after tax within other operating income. From the date of the acquisition, 9 October, SPW will be a fully owned subsidiary of the Group and its results will therefore be fully consolidated.

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For further information:

Investor Relations

Douglas Radcliffe +44 (0)20 7356 1571

Group Investor Relations Director

douglas.radcliffe@lloydsbanking.com

Corporate Affairs

Matt Smith +44 (0)77 8835 2487

Head of Media Relations

matt.smith@lloydsbanking.com

<div align='center'>FORWARD LOOKING STATEMENTS</div>

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