11 January 2013

LLOYDS BANKING GROUP BOARD UPDATE

JP Morgan Chase, Inc. has announced that Mr T. Timothy Ryan Jr will join its management team as Global Head of Regulatory Strategy and Policy.

As a consequence, Mr Ryan will retire from the Board of Lloyds Banking Group plc on 18th April, 2013. 

Sir Winfried Bischoff, Chairman, said, "Tim has been on our Board for the last four years and his deep banking knowledge as well as his broad international banking industry expertise has been of great value to the Group at a time of considerable regulatory and industry change. His contribution will be much missed by us all and we wish him well in his new responsibilities."

-    END -

For further information:

Investor Relations

Charles King

Managing Director, Investor Relations

Email: Charles.King@finance.lloydsbanking.com 

Corporate Affairs

Matthew Young

Director of Corporate Affairs

Email: matt.young@lloydsbanking.com