Changes to Membership of Committees

17 July 2015

LLOYDS BANKING GROUP: CHANGES TO MEMBERSHIP OF THE REMUNERATION COMMITTEE AND NOMINATION AND GOVERNANCE COMMITTEE

Lloyds Banking Group plc (the "Group") announces that Anita Frew will succeed Anthony Watson as Chairman of the Remuneration Committee with effect from 1 October 2015. Mr Watson, the Group's Senior Independent Director, has served as Chairman of the Remuneration Committee since May 2010 and will remain a member of the Remuneration Committee. Ms Frew, the Group's Deputy Chairman and an Independent Director, joined the Board in December 2010 and has been a member of the Remuneration Committee since May 2014. Alan Dickinson, an Independent Director and Chairman of the Board Risk Committee, has also been appointed as a member of the Remuneration Committee and, in addition, will join the Nomination and Governance Committee, both with immediate effect. Mr Dickinson is also a member of the Audit Committee.

Lord Blackwell, Chairman said: "I would like to thank Tony for the tremendous job he has done as Chairman of the Remuneration Committee over the last five years. More recently, Tony has overseen changes to the remuneration policy to strengthen the alignment between reward and risk outcomes. He has engaged extensively with shareholders on remuneration matters and will continue to meet with shareholders in his role as Senior Independent Director. In line with best governance we believe it is now appropriate to separate these roles. Anita brings extensive sector and governance experience to the role and will maintain active engagement with shareholders on remuneration issues. I look forward to working with her in her new capacity."

For further information:

Investor Relations

Douglas Radcliffe +44 (0) 20 7356 1571

Investor Relations Director

Email: [email protected]

Corporate Affairs

Matt Smith +44 (0) 20 7356 3522

Head of Corporate Media

Email: [email protected]