22nd Feb 2006 13:56
Lloyds TSB Group PLC22 February 2006 21/06 22 February 2006 LLOYDS TSB ANNOUNCES AGREEMENT TO THE SALE OF ITS BUSINESS IN PARAGUAY Lloyds TSB Bank plc has today entered into an agreement to sell its business inParaguay to HSBC Latin America Holdings (UK) Limited, a subsidiary of HSBCHoldings plc. The sale remains subject to regulatory approvals. The grossassets of the business to be sold totalled circa £100 million at 31 December2005 and the impact of the sale on Lloyds TSB Group results is not expected tobe material. For further information:- Investor RelationsMichael Oliver +44 (0) 20 7356 2167Director of Investor RelationsEmail: [email protected] MediaMary Walsh +44 (0) 20 7356 2121Director of Corporate RelationsEmail: [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:
LloydsHSBC Holdings