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 PLC

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

25P ORDINARY

Date of dealing

05 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

7000000

0.12 %

00

0 %

(2) Derivatives (other than options)

(3) Options and agreements to purchase/sell

Total

7000000

0.12 %

00

0 %

(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

5100

123.1

PENCE

PURCHASE

12070

123.1

PENCE

PURCHASE

7052

123.2

PENCE

SALE

7720

123.3

PENCE

PURCHASE

9492

123.3

PENCE

SALE

11370

123.4

PENCE

PURCHASE

26000

123.4

PENCE

SALE

24196

123.5

PENCE

PURCHASE

56456

123.5

PENCE

SALE

6323

123.6

PENCE

PURCHASE

21208

123.6

PENCE

SALE

13018

123.7

PENCE

PURCHASE

148868

123.7

PENCE

SALE

42665

123.8

PENCE

PURCHASE

69378

123.8

PENCE

SALE

36259

123.9

PENCE

PURCHASE

83444

123.9

PENCE

PURCHASE

82506

124

PENCE

SALE

86598

124

PENCE

SALE

46630

124.1

PENCE

PURCHASE

89007

124.1

PENCE

PURCHASE

60938

124.2

PENCE

SALE

84074

124.2

PENCE

SALE

117269

124.3

PENCE

PURCHASE

216630

124.3

PENCE

PURCHASE

77065

124.4

PENCE

SALE

87902

124.4

PENCE

PURCHASE

119595

124.5

PENCE

SALE

155802

124.5

PENCE

SALE

70973

124.6

PENCE

PURCHASE

91870

124.6

PENCE

PURCHASE

26910

124.7

PENCE

SALE

89530

124.7

PENCE

PURCHASE

49278

124.8

PENCE

SALE

177006

124.8

PENCE

SALE

20136

124.9

PENCE

PURCHASE

58230

124.9

PENCE

PURCHASE

500000

124.92

PENCE

PURCHASE

102939

125

PENCE

SALE

161035

125

PENCE

SALE

50632

125.1

PENCE

PURCHASE

87075

125.1

PENCE

SALE

27679

125.2

PENCE

PURCHASE

73587

125.2

PENCE

SALE

22311

125.3

PENCE

PURCHASE

62832

125.3

PENCE

PURCHASE

250000

125.3277

PENCE

SALE

20902

125.4

PENCE

PURCHASE

160251

125.4

PENCE

SALE

40155

125.5

PENCE

PURCHASE

133127

125.5

PENCE

SALE

17621

125.6

PENCE

PURCHASE

130429

125.6

PENCE

SALE

176821

125.7

PENCE

PURCHASE

209798

125.7

PENCE

SALE

18655

125.8

PENCE

PURCHASE

46446

125.8

PENCE

SALE

6928

125.9

PENCE

PURCHASE

48677

125.9

PENCE

SALE

25875

126

PENCE

PURCHASE

60606

126

PENCE

SALE

9729

126.1

PENCE

PURCHASE

55642

126.1

PENCE

PURCHASE

31103

126.2

PENCE

SALE

33549

126.2

PENCE

PURCHASE

250000

126.2391

PENCE

PURCHASE

17092

126.3

PENCE

SALE

46894

126.3

PENCE

PURCHASE

19976

126.4

PENCE

SALE

38257

126.4

PENCE

PURCHASE

198

126.5

PENCE

SALE

15065

126.5

PENCE

PURCHASE

18428

126.6

PENCE

SALE

35229

126.6

PENCE

PURCHASE

21697

126.8

PENCE

PURCHASE

22538

126.9

PENCE

PURCHASE

5810

127

PENCE

PURCHASE

34767

127.1

PENCE

PURCHASE

24127

127.2

PENCE

PURCHASE

2736

127.3

PENCE

PURCHASE

14802

127.4

PENCE

SALE

15000

127.5

PENCE

PURCHASE

21521

127.5

PENCE

PURCHASE

2641

127.6

PENCE

SALE

14190

127.6

PENCE

PURCHASE

20529

127.7

PENCE

SALE

3728

127.8

PENCE

PURCHASE

25660

127.8

PENCE

PURCHASE

4328

127.9

PENCE

SALE

49256

127.9

PENCE

SALE

39133

128

PENCE

PURCHASE

40310

128

PENCE

SALE

3000

128.1

PENCE

PURCHASE

4447

128.1

PENCE

PURCHASE

12682

128.2

PENCE

SALE

67027

128.2

PENCE

PURCHASE

14978

128.3

PENCE

SALE

6731

128.4

PENCE

PURCHASE

7720

128.4

PENCE

SALE

9716

128.5

PENCE

PURCHASE

1200

128.6

PENCE

SALE

16381

128.6

PENCE

SALE

35000

129

PENCE

SALE

3208

129.2

PENCE

PURCHASE

15027

129.2

PENCE

PURCHASE

31763

129.3

PENCE

SALE

7157

129.4

PENCE

PURCHASE

48149

129.4

PENCE

PURCHASE

42865

129.5

PENCE

PURCHASE

5808

129.6

PENCE

SALE

5148

129.7

PENCE

PURCHASE

10818

129.7

PENCE

SALE

8154

130

PENCE

PURCHASE

15404

130.3

PENCE

PURCHASE

3400

130.6

PENCE

PURCHASE

25793

130.7

PENCE

PURCHASE

11712

130.8

PENCE

PURCHASE

17170

130.9

PENCE

PURCHASE

203086

131

PENCE

SALE

11060

131.1

PENCE

PURCHASE

22149

131.1

PENCE

SALE

4757

131.2

PENCE

PURCHASE

30475

131.2

PENCE

PURCHASE

33558

131.3

PENCE

SALE

9735

131.4

PENCE

PURCHASE

14134

131.4

PENCE

PURCHASE

6355

131.5

PENCE

SALE

37439

131.5

PENCE

SALE

19863

131.6

PENCE

PURCHASE

23057

131.6

PENCE

PURCHASE

5040

131.7

PENCE

SALE

15893

131.7

PENCE

PURCHASE

500000

131.7774

PENCE

SALE

63102

131.8

PENCE

PURCHASE

91172

131.8

PENCE

PURCHASE

7811

131.9

PENCE

SALE

11735

131.9

PENCE

SALE

7045

132

PENCE

PURCHASE

158402

132

PENCE

SALE

16905

132.1

PENCE

PURCHASE

17314

132.1

PENCE

PURCHASE

53029

132.2

PENCE

PURCHASE

9275

132.3

PENCE

PURCHASE

20643

132.4

PENCE

PURCHASE

1000

132.5

PENCE

PURCHASE

3910

132.7

PENCE

PURCHASE

5000

132.8

PENCE

PURCHASE

21021

132.9

PENCE

SALE

2501

133

PENCE

PURCHASE

5000

133

PENCE

PURCHASE

3400

133.1

PENCE

PURCHASE

1668

133.2

PENCE

PURCHASE

4622

133.3

PENCE

SALE

4622

133.3

PENCE

PURCHASE

1668

133.4

PENCE

Total Purchases

5317394

Total Sales

2317394

(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

06 January 2009

Contact name

Nimisha Sachdev

Telephone number

+44 (0)20 7568 9289

Name of offeree/offeror with which associated

HBOS 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/