EPT Disclosure

FORM 38.5(b)

 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS WITHOUT RECOGNISED INTERMEDIARY STATUS, OR WITH RI STATUS BUT NOT DEALING IN A CLIENT-SERVING CAPACITY (Rule 38.5(b) of the Takeover Code)

1. KEY INFORMATION

Name of exempt principal trader

UBS AG London Branch

Company dealt in

Lloyds TSB Group Plc

Class of relevant security to which the dealings being disclosed relate (Note 1)

25p ordinary

Date of dealing

07 JANUARY 2009

2. INTERESTS SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a) Interests and short positions (following dealing) in the class of relevant security dealt in 

 (Note 2)

Long

Short

Number

(%)

Number

(%)

(1) Relevant securities

6500000

 %

00

 %

(2) Derivatives (other than options)

(3) Options and agreements to purchase/sell

Total

6500000

 %

00

 %

(b) Interests and short positions in relevant securities of the company, other than the class dealt in

(Note 2)

Class of relevant security:

Long

Short

Number (%)

(%)

(1) Relevant securities

(2) Derivatives (other than options)

(3) Options and agreements to purchase/sell

Total

(c) Rights to subscribe

 (Note 2)

Class of relevant security:

Details

3. DEALINGS 

(Note 3)

(a) Purchases and sales

Purchase/sale

Number of securities

Price per unit

(Note 4)

SALE

500000

116.98

PENCE

PURCHASE

1500000

116.98

PENCE

PURCHASE

219051

117

PENCE

PURCHASE

13074

117.5

PENCE

PURCHASE

324

117.7

PENCE

PURCHASE

69700

117.9

PENCE

PURCHASE

60925

118

PENCE

PURCHASE

16772

118.2

PENCE

PURCHASE

50000

118.3

PENCE

PURCHASE

105413

118.8

PENCE

PURCHASE

28822

118.9

PENCE

SALE

16738

119

PENCE

PURCHASE

86713

119

PENCE

PURCHASE

7688

119.05

PENCE

PURCHASE

270490

119.1

PENCE

PURCHASE

56104

119.3

PENCE

PURCHASE

7799

119.4

PENCE

SALE

9878

119.4

PENCE

PURCHASE

23253

119.5

PENCE

PURCHASE

10488

119.6

PENCE

PURCHASE

90219

120

PENCE

PURCHASE

16657

120.4

PENCE

SALE

6876

120.5

PENCE

PURCHASE

13440

120.5

PENCE

SALE

150000

120.8

PENCE

PURCHASE

273252

120.9

PENCE

PURCHASE

76748

121

PENCE

PURCHASE

15112

121.45

PENCE

SALE

100000

121.5

PENCE

PURCHASE

7511

121.6

PENCE

PURCHASE

7500

121.7

PENCE

PURCHASE

21549

121.8

PENCE

PURCHASE

4442

122

PENCE

PURCHASE

1858

122.05

PENCE

PURCHASE

11275

122.1

PENCE

PURCHASE

7200

122.15

PENCE

PURCHASE

6023

122.2

PENCE

PURCHASE

33244

122.3

PENCE

PURCHASE

45716

122.4

PENCE

PURCHASE

11495

122.45

PENCE

PURCHASE

32604

122.5

PENCE

PURCHASE

8263

122.55

PENCE

PURCHASE

48908

122.6

PENCE

PURCHASE

3639

122.65

PENCE

PURCHASE

20763

122.7

PENCE

PURCHASE

12962

122.8

PENCE

PURCHASE

12644

122.9

PENCE

PURCHASE

182229

123

PENCE

PURCHASE

117

123.1

PENCE

PURCHASE

97579

123.2

PENCE

PURCHASE

3720

123.25

PENCE

PURCHASE

33028

123.3

PENCE

PURCHASE

33044

123.4

PENCE

PURCHASE

59582

123.5

PENCE

PURCHASE

19162

123.6

PENCE

PURCHASE

49642

123.7

PENCE

PURCHASE

18860

123.8

PENCE

PURCHASE

7949

123.85

PENCE

PURCHASE

314281

123.9

PENCE

PURCHASE

3832

123.95

PENCE

PURCHASE

68847

124

PENCE

PURCHASE

69814

124.1

PENCE

PURCHASE

27634

124.2

PENCE

PURCHASE

7200

124.25

PENCE

PURCHASE

2400

124.3

PENCE

PURCHASE

17796

124.4

PENCE

PURCHASE

7136

124.5

PENCE

PURCHASE

500000

124.65

PENCE

PURCHASE

2852

124.7

PENCE

PURCHASE

5900

124.8

PENCE

PURCHASE

29259

124.9

PENCE

PURCHASE

161989

125

PENCE

PURCHASE

31722

125.5

PENCE

PURCHASE

41000

125.6

PENCE

PURCHASE

5000

125.8

PENCE

PURCHASE

25000

125.9

PENCE

PURCHASE

147278

126

PENCE

Total Purchases

5283492

Total Sales

783492

(b) Derivative transactions (other than options)

Product name, e.g. CFD

Long/short

 (Note 5)

Number of securities

 (Note 6)

Price per unit

(Note 4)

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying 

Product name, e.g. call option

Writing, selling, purchasing, varying etc

Number of securities to which the option relates (Note 6)

Exercise price

Type, e.g. American,European etc.

Expiry date

Option money paid/received per unit (Note 4)

(ii) Exercising

Product name, e.g. call option

Number of securities

 Exercise price per unit

(Note 4)

(d) Other dealings (including new securities) 

(Note 3)

Natute of transaction

(Note 7)

Details

Price per unit (if applicable) 

(Note 4)

4. 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.

Is a Supplemental Form 38.5(b) attached?

(Note 8)

YES/NO

Date of disclosure

08 January 2009

Contact name

Nimisha Sachdev

Telephone number

+44 (0)20 7568 9289

Name of offeree/offeror with which associated

Lloyds TSB Group Plc

Nature of connection (Note 9)

CONNECTED ADVISER

Notes

The Notes on Form 38.5(b) can be viewed on the Takeover Panel's website at http://www.thetakeoverpanel.org.uk/