EPT Disclosure

FORM 38.5 (SUMMARY)

Lodge with Company Announcements Office and the Panel. Use a separate form for each class of 

securities in which dealings have been made.

CONNECTED EXEMPT PRINCIPLE TRADER:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND 

Name of EPT

Merrill Lynch International

Date of disclosure 

10 October 2008

Date of dealing

09 October 2008

Telephone number 

020 7996 2121

Please see attached disclosure of dealings under Rule 38.5 in the securities of the following 

09 October 2008

Lloyds TSB Group Plc - Common

Imperial Energy Corporation Plc - Common

HBOS Plc - Common

Banco Santander SA. - Common

FORM 38.5

DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS

(Rule 38.5 of The City Code on Takeovers and Mergers)

1. KEY INFORMATION

Name of exempt principal trader

Merrill Lynch International

Company dealt in

Lloyds TSB Group Plc

Class of relevant security to which the 

Common

dealings being disclosed relate

Date of dealing

09/10/2008

2. DEALINGS

(a) Purchases and sales

Total number of securities 

Highest price paid

Lowest price paid

purchased

3,220,724

GBP 2.35

GBP 2.06

Total number of securities sold

Highest price received

Lowest price received

2,917,911

GBP 2.35

GBP 2.04

(b) Derivatives transactions (other than options)

Product name, 

Short/Long

Number of securities

Price per unit 

eg. CFD

Long Swap

LONG

107,496

GBP 2.32

Long Swap

LONG

75,299

GBP 2.25

Long Swap

LONG

42,770

GBP 2.27

Long Swap

LONG

31,607

GBP 2.19

Long Swap

LONG

25,090

GBP 2.27

Long Swap

LONG

15,000

GBP 2.08

Long Swap

LONG

5,000

GBP 2.17

Product name, 

Short/Long

Number of securities

Price per unit 

eg. CFD

Short Swap

SHORT

2,429

GBP 2.26

Short Swap

SHORT

5,000

GBP 2.17

Short Swap

SHORT

15,000

GBP 2.09

Short Swap

SHORT

25,090

GBP 2.29

Short Swap

SHORT

31,607

GBP 2.18

Short Swap

SHORT

34,962

GBP 2.17

Short Swap

SHORT

42,770

GBP 2.24

Short Swap

SHORT

75,299

GBP 2.29

(c)  Options transactions in respect of existing securities

Product name

Writing, 

Number of 

Exercise 

Type, e.g. 

Expiry 

Option 

selling, 

securities under 

price 

American, 

date

money

eg call option

purchasing, 

option

European etc

paid/received

varying etc.

per unit 

(ii) Exercising

Product name

Number of securities under 

Exercise price 

eg call option

option

3. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person disclosing and any 

other person relating to the voting rights of any relevant securities under any option referred to on this 

form or relating to the voting rights or future acquisition or disposal of any relevant securities to which 

any derivative referred to on this form is referenced. If none, this should be stated. 

NONE

Date of disclosure

10/10/2008

Contact name

Louise Howard

Telephone number

+44 20 7996 2121

Name of offeree/offeror with whom connected

Lloyds TSB Group Plc

Nature of connection #

Advisor

FORM 38.5

DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS

(Rule 38.5 of The City Code on Takeovers and Mergers)

1. KEY INFORMATION

Name of exempt principal trader

Merrill Lynch International

Company dealt in

HBOS Plc

Class of relevant security to which the 

Common

dealings being disclosed relate

Date of dealing

09/10/2008

2. DEALINGS

(a) Purchases and sales

Total number of securities 

Highest price paid

Lowest price paid

purchased

3,107,584

GBP 1.60

GBP 1.28

Total number of securities sold

Highest price received

Lowest price received

3,675,904

GBP 1.60

GBP 1.27

(b) Derivatives transactions (other than options)

Product name, 

Short/Long

Number of securities

Price per unit 

eg. CFD

Long Swap

LONG

83,105

GBP 1.38

Long Swap

LONG

72,352

GBP 1.48

Long Swap

LONG

47,570

GBP 1.39

Long Swap

LONG

18,840

GBP 1.34

Product name, 

Short/Long

Number of securities

Price per unit 

eg. CFD

Short Swap

SHORT

3,800

GBP 1.47

Short Swap

SHORT

14,774

GBP 1.37

Short Swap

SHORT

25,613

GBP 1.47

Short Swap

SHORT

32,796

GBP 1.42

Short Swap

SHORT

35,774

GBP 1.47

Short Swap

SHORT

80,159

GBP 1.47

Short Swap

SHORT

83,105

GBP 1.42

Short Swap

SHORT

1,275,000

GBP 1.54

(c)  Options transactions in respect of existing securities

Product name

Writing, 

Number of 

Exercise 

Type, e.g. 

Expiry 

Option 

selling, 

securities under 

price 

American, 

date

money

eg call option

purchasing, 

option

European etc

paid/received

varying etc.

per unit 

(ii) Exercising

Product name

Number of securities under 

Exercise price 

eg call option

option

3. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person disclosing and any 

other person relating to the voting rights of any relevant securities under any option referred to on this 

form or relating to the voting rights or future acquisition or disposal of any relevant securities to which 

any derivative referred to on this form is referenced. If none, this should be stated. 

NONE

Date of disclosure

10/10/2008

Contact name

Louise Howard

Telephone number

+44 20 7996 2121

Name of offeree/offeror with whom connected

Lloyds TSB Group Plc

Nature of connection #

Advisor

FORM 38.5

DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS

(Rule 38.5 of The City Code on Takeovers and Mergers)

1. KEY INFORMATION

Name of exempt principal trader

Merrill Lynch International

Company dealt in

Banco Santander SA.

Class of relevant security to which the 

Common

dealings being disclosed relate

Date of dealing

09/10/2008

2. DEALINGS

(a) Purchases and sales

Total number of securities 

Highest price paid

Lowest price paid

purchased

2,311,217

EUR 10.96

EUR 10.26

Total number of securities sold

Highest price received

Lowest price received

3,146,999

EUR 10.98

EUR 10.20

(b) Derivatives transactions (other than options)

Product name, 

Short/Long

Number of securities

Price per unit 

eg. CFD

Long Swap

LONG

493,385

EUR 10.74

Long Swap

LONG

79,303

EUR 10.73

Long Swap

LONG

46,339

EUR 10.87

Long Swap

LONG

18,340

EUR 10.56

Long Swap

LONG

13,408

EUR 10.56

Long Swap

LONG

11,702

EUR 10.87

Long Swap

LONG

2,561

EUR 10.87

Long Swap

LONG

1,280

EUR 10.87

Long Swap

LONG

1,280

EUR 10.87

Long Swap

LONG

844

EUR 10.87

Product name, 

Short/Long

Number of securities

Price per unit 

eg. CFD

Short Swap

SHORT

1,221

EUR 10.91

Short Swap

SHORT

47,950

EUR 10.71

Short Swap

SHORT

56,000

EUR 10.74

Short Swap

SHORT

89,209

EUR 10.73

Short Swap

SHORT

494,398

EUR 10.71

(c)  Options transactions in respect of existing securities

Product name

Writing, 

Number of 

Exercise 

Type, e.g. 

Expiry 

Option 

selling, 

securities under 

price 

American, 

date

money

eg call option

purchasing, 

option

European etc

paid/received

varying etc.

per unit 

(ii) Exercising

Product name

Number of securities under 

Exercise price 

eg call option

option

3. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person disclosing and any 

other person relating to the voting rights of any relevant securities under any option referred to on this 

form or relating to the voting rights or future acquisition or disposal of any relevant securities to which 

any derivative referred to on this form is referenced. If none, this should be stated. 

NONE

Date of disclosure

10/10/2008

Contact name

Louise Howard

Telephone number

+44 20 7996 2121

Name of offeree/offeror with whom connected

Banco Santander SA.

Nature of connection #

Advisor

FORM 38.5(a)

DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS WITH 

RECOGNISED INTERMEDIARY STATUS DEALING IN CLIENT-

SERVICING CAPACITY

(Rule 38.5(a) of The City Code on Takeovers and Mergers)

1. KEY INFORMATION

Name of exempt principal trader

Merrill Lynch International

Company dealt in

Imperial Energy Corporation Plc

Class of relevant security to which the 

Common

dealings being disclosed relate

Date of dealing

09/10/2008

2. DEALINGS

(a) Purchases and sales

Total number of securities 

Highest price paid

Lowest price paid

purchased

131,098

GBP 10.45

GBP 9.63

Total number of securities sold

Highest price received

Lowest price received

466,387

GBP 10.48

GBP 9.50

(b) Derivatives transactions (other than options)

Product name, 

Short/Long

Number of securities

Price per unit 

eg. CFD

(c)  Options transactions in respect of existing securities

Product name

Writing, 

Number of 

Exercise 

Type, e.g. 

Expiry 

Option money

selling, 

securities under 

price 

American, 

date

eg call option

purchasing, 

option

European etc

paid/received 

varying etc.

per unit 

(ii) Exercising

Product name

Number of securities under 

Exercise price 

eg call option

option

3. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person disclosing and any 

other person relating to the voting rights of any relevant securities under any option referred to on this 

form or relating to the voting rights or future acquisition or disposal of any relevant securities to which 

any derivative referred to on this form is referenced. If none, this should be stated. 

NONE

Date of disclosure

10/10/2008

Contact name

Louise Howard

Telephone number

+44 20 7996 2121

Name of offeree/offeror with whom connected

Imperial Energy Corporation Plc

Nature of connection #

Advisor