Lloyds Banking Group

Lloyds Banking Group management update

14 December 2011

Following the announcement of 2 November 2011 stating that the Group Chief Executive, António Horta-Osório, had taken a leave of absence on medical advice, the Lloyds Banking Group Board has completed a rigorous process, including obtaining independent medical advice, to assess António’s ability to return and effectively lead the Group. The independent medical advice has concluded that he has made a full recovery. Following due consideration the Board has decided he will return to the bank as Group Chief Executive on 9 January 2012.

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