Lloyds TSB Completes Executive Committee Appointments

publication date: Nov 10, 2008

Lloyds TSB Group plc announced today the appointment of Mark Fisher as Director of Group IT & Operations and a member of the Group Executive Committee (GEC). This appointment completes the make-up of the new GEC that will lead the newly named Lloyds Banking Group plc following the acquisition of HBOS plc. Mark joins Lloyds TSB from Royal Bank of Scotland Group (RBS) where he is an executive director, currently seconded to ABN AMRO as Chief Executive responsible for the integration of the business into RBS. Mark has spent all of his career in banking and has been a Director of RBS since March 2006 and Chief Executive of the Manufacturing Division at RBS since 2000. The manufacturing division employs 25,000 people supporting the Group's
activities including IT, Property, Purchasing and back-office services functions.

Commenting on today's announcement, Eric Daniels, Group Chief Executive of Lloyds TSB said, "This appointment completes the strong leadership team that will drive our new Group. I am delighted Mark is joining us; he has a deep expertise in banking and his proven track record in dealing with highly complex integration activity will be a great asset to the new Lloyds Banking Group. I very much look forward to welcoming Mark to the Group next year."