5th May 2005 11:06
Lloyds TSB Group PLC05 May 2005 87/05 5 May 2005 LLOYDS TSB GROUP ANNUAL GENERAL MEETING STATEMENT Lloyds TSB Group is holding its annual general meeting in Glasgow today(5 May 2005). 2004 was a good year for Lloyds TSB and significant progress was made againstall the Group's key strategic priorities. The Group also addressed many of theconcerns of its shareholders, which centred on the adequacy of our capital, thesustainability of the dividend and the achievement of growth whilst continuingto deliver strong returns. As we look to the future, we are opening a new chapter focused primarily ongrowth. Lloyds TSB will continue to focus its efforts on core markets and buildits skills to sustain superior performance. The Group priorities are designedto build on existing strengths in those markets: • to deepen customer relationships, meeting more of our customers needsand winning a greater share of their business; • to improve our efficiency, growing our income whilst improving theproductivity of our cost base; • to continue to enhance the Group's capabilities and processes to supportfaster growth. The following is an extract from the statement made by Eric Daniels, Group ChiefExecutive: In the first few months of 2005 good progress has continued to be made acrossthe Group and we expect to deliver a satisfactory trading performance for thehalf-year, notwithstanding the expected slowdown in consumer lending growth inthe UK. For further information:- Investor Relations Michael Oliver +44 (0) 20 7356 2167Director of Investor RelationsE-mail: [email protected] Media Mary Walsh +44 (0) 20 7626 1500Director of Corporate RelationsE-mail: [email protected] FORWARD LOOKING STATEMENTS This announcement contains forward looking statements with respect to thebusiness, strategy and plans of the Lloyds TSB Group and its current goals andexpectations relating to its future financial condition and performance.Statements that are not historical facts, including statements about Lloyds TSBGroup's or management's beliefs and expectations, are forward lookingstatements. By their nature, forward looking statements involve risk anduncertainty because they relate to events and depend on circumstances that willoccur in the future. Lloyds TSB Group's actual future results may differmaterially from the results expressed or implied in these forward lookingstatements as a result of a variety of factors, including UK domestic and globaleconomic and business conditions, risks concerning borrower credit quality,market related risks such as interest rate risk and exchange rate risk in itsbanking businesses and equity risk in its insurance businesses, inherent risksregarding changing demographic developments, catastrophic weather and similarcontingencies outside Lloyds TSB Group's control, any adverse experience ininherent operational risks, any unexpected developments in regulation orregulatory actions, changes in customer preferences, competition, industryconsolidation, acquisitions and other factors. For more information on theseand other factors, please refer to Lloyds TSB Group's Annual Report on Form 20-Ffiled with the US Securities and Exchange Commission and to any subsequentreports furnished by Lloyds TSB Group to the US Securities and ExchangeCommission or to the London Stock Exchange. The forward looking statementscontained in this announcement are made as of the date hereof, and Lloyds TSBGroup undertakes no obligation to update any of its forward looking statements. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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