29 February 2024
Bank of scotland plc Annual Report and Accounts
for the year endED 31 December 2023
In accordance with Listing Rule
9.6.1, Bank of Scotland plc announces that the following document
will be submitted today to the National Storage Mechanism and will
shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
A copy of the document is also
available through the 'Investors' section
of our website www.lloydsbankinggroup.com
This announcement is made in
accordance with DTR 6.3.5R(1A).
-END-
For further information:
Investor Relations
Douglas Radcliffe
+44 (0)20 7356 1571
Group Investor Relations
Director
douglas.radcliffe@lloydsbanking.com
Corporate Affairs
Matt Smith
+44 (0)20 7356 3522
Head of Media Relations
matt.smith@lloydsbanking.com
FORWARD LOOKING
STATEMENTS
This document contains certain
forward-looking statements within the meaning of Section 21E of the
US Securities Exchange Act of 1934, as amended, and section 27A of
the US Securities Act of 1933, as amended, with respect to the
business, strategy, plans and/or results of Bank of Scotland plc
together with its subsidiaries (the Group) and its current goals
and expectations. Statements that are not historical or current
facts, including statements about the Group's or its directors'
and/or management's beliefs and expectations, are forward-looking
statements. Words such as, without limitation, 'believes',
'achieves', 'anticipates', 'estimates', 'expects', 'targets',
'should', 'intends', 'aims', 'projects', 'plans', 'potential',
'will', 'would', 'could', 'considered', 'likely', 'may', 'seek',
'estimate', 'probability', 'goal', 'objective', 'deliver',
'endeavour', 'prospects', 'optimistic' and similar expressions or
variations on these expressions are intended to identify
forward-looking statements. These statements concern or may affect
future matters, including but not limited to: projections or
expectations of the Group's future financial position, including
profit attributable to shareholders, provisions, economic profit,
dividends, capital structure, portfolios, net interest margin,
capital ratios, liquidity, risk-weighted assets (RWAs),
expenditures or any other financial items or ratios; litigation,
regulatory and governmental investigations; the Group's future
financial performance; the level and extent of future impairments
and write-downs; the Group's ESG targets and/or commitments;
statements of plans, objectives or goals of the Group or its
management and other statements that are not historical fact and
statements of assumptions underlying such statements. By their
nature, forward-looking statements involve risk and uncertainty
because they relate to events and depend upon circumstances that
will or may occur in the future. Factors that could cause actual
business, strategy, targets, plans and/or results (including but
not limited to the payment of dividends) to differ materially from
forward-looking statements include, but are not limited to: general
economic and business conditions in the UK and internationally;
acts of hostility or terrorism and responses to those acts, or
other such events; geopolitical unpredictability; the war between
Russia and Ukraine; the conflicts in the Middle East; the tensions
between China and Taiwan; political instability including as a
result of any UK general election; market related risks, trends and
developments; changes in client and consumer behaviour and demand;
exposure to counterparty risk; the ability to access sufficient
sources of capital, liquidity and funding when required; changes to
the Group's credit ratings; fluctuations in interest rates,
inflation, exchange rates, stock markets and currencies; volatility
in credit markets; volatility in the price of the Group's
securities; tightening of monetary policy in jurisdictions in which
the Group operates; natural pandemic and other disasters; risks
concerning borrower and counterparty credit quality; longevity
risks defined benefit pension schemes; changes in laws,
regulations, practices and accounting standards or taxation;
changes to regulatory capital or liquidity requirements and similar
contingencies; the policies and actions of governmental or
regulatory authorities or courts together with any resulting impact
on the future structure of the Group; risks associated with the
Group's compliance with a wide range of laws and regulations;
assessment related to resolution planning requirements; risks
related to regulatory actions which may be taken in the event of a
bank or Group failure; exposure to legal, regulatory or competition
proceedings, investigations or complaints; failure to comply with
anti-money laundering, counter terrorist financing, anti-bribery
and sanctions regulations; failure to prevent or detect any illegal
or improper activities; operational risks including risks as a
result of the failure of third party suppliers; conduct risk;
technological changes and risks to the security of IT and
operational infrastructure, systems, data and information resulting
from increased threat of cyber and other attacks; technological
failure; inadequate or failed internal or external processes or
systems; risks relating to ESG matters, such as climate change (and
achieving climate change ambitions) and decarbonisation, including
the Group's ability along with the government and other
stakeholders to measure, manage and mitigate the impacts of climate
change effectively, and human rights issues; the impact of
competitive conditions; failure to attract, retain and develop high
calibre talent; the ability to achieve strategic objectives; the
ability to derive cost savings and other benefits including, but
without limitation, as a result of any acquisitions, disposals and
other strategic transactions; inability to capture accurately the
expected value from acquisitions; assumptions and estimates that
form the basis of the Group's financial statements; and potential
changes in dividend policy. A number of these influences and
factors are beyond the control of the Group or any of the Group's
immediate or ultimate parent entities (if applicable). Please refer
to the latest Annual Report on Form 20-F filed by Lloyds Bank plc
with the US Securities and Exchange Commission (the SEC), which is
available on the SEC's website at www.sec.gov, for a discussion of
certain factors and risks. Lloyds Banking Group plc may also make
or disclose written and/or oral forward-looking statements in other
written materials and in oral statements made by the directors,
officers or employees of Lloyds Banking Group plc to third parties,
including financial analysts. Except as required by any applicable
law or regulation, the forward-looking statements contained in this
document are made as of today's date, and the Group expressly
disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements contained in
this document whether as a result of new information, future events
or otherwise. The information, statements and opinions contained in
this document do not constitute a public offer under any applicable
law or an offer to sell any securities or financial instruments or
any advice or recommendation with respect to such securities or
financial instruments.
