Exhibit 99.1

Capitalisation

The following table shows the Group’s capitalisation and indebtedness on a consolidated basis in accordance with IFRS as at 31 March 2016. In accordance with IFRS, certain preference shares are classified as debt and are included in subordinated liabilities in the table below.

	31 March 2016
		(£m)
Capitalisation
Equity
Shareholders’ equity		43,268
Other equity instruments		5,355
Non-controlling interests		414
Total equity		49,037
Indebtedness
Subordinated liabilities		22,119
Debt securities
Debt securities in issue		88,084
Liabilities held at fair value through profit or loss (debt securities)		9,183
Total debt securities		97,267
Total indebtedness		119,386
Total capitalisation and indebtedness		168,423

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 31 March 2016, all indebtedness was unsecured except for £37.9 billion of securitisation notes and covered bonds and £3.3 billion of debt securities issued by the Group’s asset-backed conduits.

There have been no issuances or redemptions of subordinated liabilities since 31 March 2016.

There has been no material change in the information set forth in the table above since 31 March 2016.