Company: LLOBF
Filing Date: 2025-07-24
Form Type: 6-K
Source: 0001160106-25-000034
Chunk: 50

Company: Lloyds Banking Group plc
Filing Date: 2025-07-24
Form: 6-K
Chunk 50
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                                        |             305 |     |                                                      |     |                       |

1 Where the exposure to an unobservable input is managed on a net basis, only the net impact is shown in the table.

2 Ranges are shown where appropriate and represent the highest and lowest inputs used in the level 3 valuations.

3 Underlying asset/net asset values represent fair value.

| Page 59 of74 |

| LLOYDS BANKING GROUP PLC | 2025HALF-YEAR RESULTS |

NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (UNAUDITED) (continued) Note 10: Fair values of financial assets and liabilities (continued) Sensitivity of level 3 valuations (continued)

|                                                                              |                                                                                        |                                        |                 |     | Effect of reasonablypossible alternativeassumptions1 |     |                       |
| At 31 December2024                                                           | Valuationtechniques                                                                    | Significantunobservable inputs2        | Carryingvalue£m |     |                                  Favourablechanges£m |     | Unfavourablechanges£m |
| Financial assets at fair value through profit or loss                        |                                                                                        |                                        |                 |     |                                                      |     |                       |
| Loans and advances tocustomers                                               | Discounted cash flows                                                                  | Interest rate spreads(-241bps/+131bps) |           6,022 |     |                                                  245 |     |                  -231 |
| Debt securities                                                              | Discounted cash flows                                                                  | Credit spreads (+/-17%)                |             621 |     |                                                   35 |     |                   -55 |
| Equity and venture capitalinvestments                                        | Market approach                                                                        | Earnings multiple(3.5/15.0)            |           2,267 |     |                                                  150 |     |                  -150 |
|                                                                              | Underlying asset/netasset value (incl.property prices)3                                | n/a                                    |             773 |     |                                                   80 |     |                   -84 |
| Unlisted equities, debtsecurities and propertypartnerships in the life funds | Underlying asset/netasset value (incl.property prices),broker quotes ordiscounted cash | n/a                                    |             206 |     |                                                    – |     |                    -7 |
|                                                                              |                                                                                        |                                        |           9,889 |     |                                                      |     |                       |
| Financial assets at fair value through other comprehensive income            |                                                                                        |                                        |                 |     |                                                      |