Exhibit 99.1

Capitalisation

The following table shows the Group’s capitalisation and indebtedness on a consolidated basis in accordance with IFRS as at 30 September 2014.  In accordance with IFRS, certain preference shares are classified as debt and are included in subordinated liabilities in the table below.

	30 September 2014
	(£m)
Capitalisation
Equity
Shareholders’ equity		41,179
Other equity instruments		5,329
Non-controlling interests		1,194
Total equity		47,702
Indebtedness
Subordinated liabilities		25,220
Debt securities
Debt securities in issue		79,345
Liabilities held at fair value through profit or loss (debt securities)		6,018
Total debt securities		85,363
Total indebtedness		110,583
Total capitalisation and indebtedness		158,285

Excluding indebtedness issued under government-guaranteed funding programmes, none of the indebtedness set forth above is guaranteed by persons other than members of the Group.  As of 30 September 2014, all indebtedness was unsecured except for £43.2 billion of securitisation notes and covered bonds and £3.5 billion of debt securities issued by the Group’s asset-backed conduits.

There have been no further issuances or redemptions of subordinated liabilities since 30 September 2014.

There has been no material change in the information set forth in the table above since 30 September 2014.