EXHIBIT 99.1

CAPITALISATION

The following table shows the Group’s capitalisation and indebtedness on a consolidated basis as at 30 June 2024. In accordance with IFRS, certain preference shares are classified as debt and are included in subordinated liabilities in the table below.

Capitalisation	At 30 Jun 2024 £m
Equity
Ordinary shareholders’ equity	38,959
Other equity instruments	5,932
Non-controlling interests	226
Total equity	45,117
Indebtedness
Subordinated liabilities	10,448
Debt securities
Debt securities in issue at amortised cost	74,760
Liabilities designated at fair value through profit or loss	4,920
Total debt securities	79,680
Total indebtedness	90,128
Total capitalisation and indebtedness	135,245

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 June 2024, all indebtedness was unsecured except for £16.8 billion of securitisation notes and covered bonds and £1.1 billion of debt securities issued by the Group’s asset-backed conduits.

There have been no issuances or redemptions of subordinated liabilities since 30 June 2024.

There has been no material change in the information set forth in the table above since 30 June 2024.