Legal & general group plc

ANNUAL FINANCIAL REPORT

Further to the release of the Company's Preliminary Results announcement on 9 March 2022, the Company announces that it has today published its Annual Report & Accounts 2021 (or 'Annual Financial Report'). The Annual Financial Report is now available on the Company's website at https://group.legalandgeneral.com/en/investors/results-reports-and-presentations alongside the Full Year Results announcement which can be found at 

https://group.legalandgeneral.com/media/xtkba2fg/year-end-2021-press-release-and-results.pdf

Printed copies of the 2021 Annual Report and Accounts will be mailed on 14 April 2022 to those shareholders who have previously selected hardcopy as their communication preference, together with the Company's 2022 Notice of Annual General Meeting.

In accordance with paragraph 9.6.1 of the FCA Listing Rules, a copy of the Annual Financial Report has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

ADDITIONAL INFORMATION

A condensed set of the Company's financial statements, information on important events that have occurred during the financial year and their impact on the financial statements and a description of the principal risks and uncertainties were included in the Preliminary Results announcement released on 9 March 2022. That information, together with the information set out below, which is extracted from the Annual Report and Accounts 2021, is provided in accordance with the Disclosure Guidance and Transparency Rule 6.3.5. This information should be read in conjunction with the Company's Preliminary Results announcement. This announcement is not a substitute for reading the full Annual Report and Accounts 2021. Page, notes and section references below refer to the corresponding pages and/or notes/sections in the Annual Report and Accounts 2021.

Statement of directors' responsibilities

The directors are responsible for preparing the Annual Report and Accounts (group and parent company), including the Directors' report on remuneration and the financial statements, in accordance with applicable law and regulations.

Company law requires the directors to prepare group and parent company financial statements for each financial year. Under that law the directors have prepared the group financial statements in accordance with UK-adopted international accounting standards and applicable law and have elected to prepare the parent Company financial statements in accordance with UK accounting standards and applicable law, including FRS 101 Reduced Disclosure Framework.

Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the Company and of the profit or loss of the group and the Company for that period. In preparing these financial statements, the directors are required to:

-    select suitable accounting policies and then apply them consistently;

-    make judgements and estimates that are reasonable, relevant, reliable and prudent;

-    for the group financial statements, state whether they have been prepared in accordance with UK-adopted international accounting standards;

-  for the parent Company financial statements, state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the parent Company financial statements;

-    assess the Group and parent Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern; and

-    use the going concern basis of accounting unless they either intend to liquidate the group or the parent Company or to cease operations or have no realistic alternative but to do so.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the parent Company's transactions and disclose with reasonable accuracy at any time the financial position of the parent Company and enable them to ensure that its financial statements comply with the Companies Act 2006.

They are responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, and have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the group and to prevent and detect fraud and other irregularities.

Under applicable law and regulations, the directors are also responsible for preparing a Strategic Report, Directors' Report, Directors' Remuneration Report and Corporate Governance Statement that complies with that law and those regulations.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Each of the directors who held office at the date this report was approved, whose names and functions are listed in the Board of directors section, confirm that, to the best of their knowledge:

-  the financial statements, prepared in accordance with the applicable set of accounting standards, give a true and fair view of the assets, liabilities, financial position and profit or loss of the Company and the undertakings included in the consolidation taken as a whole.

-   the strategic report includes a fair review of the development and performance of the business and the position of the Company and the undertakings included in the consolidation taken as a whole, together with a description of the principal risks and uncertainties that they face.

On the advice of the Audit Committee, the Board considers that the annual report, as a whole, is fair, balanced and understandable, and provides the information necessary for shareholders to assess the group's position, performance, business model and strategy.

In the case of each director who held office at the date this report was approved:

(a) so far as the director is aware, there is no relevant audit information of which the group's and company's auditors are unaware; and

(b) they have taken all the steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the group's and company's auditors are aware of that information.