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

15 DECEMBER 2008

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

00

0 %

00

0 %

(2) Derivatives (other than options)

(3) Options and agreements to purchase/sell

Total

00

0 %

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

152295

124

GBP

SALE

10547

124.3

GBP

SALE

6600

124.4

GBP

PURCHASE

13616

124.5

GBP

SALE

34272

124.5

GBP

PURCHASE

3437

124.6

GBP

SALE

24317

124.6

GBP

SALE

5100

124.7

GBP

PURCHASE

22136

124.7

GBP

SALE

44033

124.8

GBP

PURCHASE

7141

124.9

GBP

SALE

76555

124.9

GBP

SALE

21554

125

GBP

PURCHASE

234303

125

GBP

PURCHASE

47350

125.1

GBP

SALE

3178

125.2

GBP

PURCHASE

62358

125.2

GBP

PURCHASE

7575

125.3

GBP

SALE

16351

125.3

GBP

PURCHASE

32500

125.4

GBP

PURCHASE

24432

125.5

GBP

SALE

91813

125.5

GBP

PURCHASE

87763

125.6

GBP

SALE

104853

125.6

GBP

SALE

24649

125.7

GBP

PURCHASE

33346

125.7

GBP

SALE

32095

125.8

GBP

PURCHASE

63594

125.8

GBP

PURCHASE

41079

125.9

GBP

PURCHASE

49972

126

GBP

SALE

122067

126

GBP

SALE

21637

126.1

GBP

SALE

2264

126.4

GBP

SALE

10700

126.6

GBP

SALE

11605

126.7

GBP

SALE

2281

126.8

GBP

SALE

4700

126.9

GBP

PURCHASE

20686

126.9

GBP

SALE

5987

127

GBP

SALE

16400

127.1

GBP

SALE

14617

127.2

GBP

PURCHASE

92935

127.2

GBP

PURCHASE

3804

127.3

GBP

SALE

5100

127.4

GBP

PURCHASE

19872

127.4

GBP

SALE

2329

127.5

GBP

SALE

2081

127.6

GBP

SALE

18883

127.7

GBP

PURCHASE

27896

128

GBP

SALE

13700

128.1

GBP

SALE

15000

128.3

GBP

SALE

700

128.5

GBP

SALE

15154

128.7

GBP

SALE

17205

128.8

GBP

PURCHASE

3546

128.9

GBP

SALE

3546

129

GBP

SALE

1647

129.1

GBP

SALE

12085

129.2

GBP

SALE

1775

129.3

GBP

SALE

11250

129.4

GBP

SALE

8600

129.5

GBP

SALE

8600

129.6

GBP

SALE

13019

129.7

GBP

SALE

8996

129.9

GBP

SALE

7200

130.1

GBP

SALE

27000

130.2

GBP

PURCHASE

6800

130.3

GBP

SALE

27362

130.3

GBP

PURCHASE

8932

130.4

GBP

SALE

41496

130.4

GBP

SALE

27740

130.5

GBP

PURCHASE

84090

130.5

GBP

SALE

8398

130.6

GBP

PURCHASE

50297

130.6

GBP

SALE

17609

130.7

GBP

PURCHASE

33573

130.7

GBP

SALE

4000

130.8

GBP

PURCHASE

16243

130.8

GBP

SALE

6554

130.9

GBP

PURCHASE

11570

130.9

GBP

SALE

3700

131

GBP

PURCHASE

14447

131

GBP

PURCHASE

10675

131.1

GBP

SALE

22021

131.1

GBP

PURCHASE

35039

131.2

GBP

PURCHASE

61726

131.3

GBP

SALE

3700

131.4

GBP

PURCHASE

20294

131.4

GBP

PURCHASE

22301

131.5

GBP

SALE

41537

131.5

GBP

PURCHASE

4300

131.6

GBP

SALE

8038

131.6

GBP

PURCHASE

11839

131.7

GBP

SALE

36149

131.7

GBP

SALE

33626

131.8

GBP

PURCHASE

38573

131.8

GBP

PURCHASE

7678

131.9

GBP

SALE

16084

131.9

GBP

PURCHASE

14636

132

GBP

PURCHASE

3700

132.4

GBP

PURCHASE

4320

132.5

GBP

SALE

4534

132.7

GBP

PURCHASE

4584

132.7

GBP

PURCHASE

1930

132.8

GBP

SALE

10659

132.8

GBP

SALE

21614

132.9

GBP

SALE

12489

133

GBP

PURCHASE

12500

133

GBP

PURCHASE

11071

133.1

GBP

SALE

10700

133.2

GBP

PURCHASE

9143

133.3

GBP

SALE

12370

133.3

GBP

SALE

6000

133.4

GBP

SALE

25000

133.5

GBP

SALE

3380

133.9

GBP

PURCHASE

12498

133.9

GBP

PURCHASE

1000

134

GBP

SALE

4400

134

GBP

SALE

3800

134.1

GBP

PURCHASE

11380

134.1

GBP

PURCHASE

9044

134.3

GBP

PURCHASE

7508

134.5

GBP

SALE

22609

134.5

GBP

PURCHASE

15000

134.6

GBP

SALE

103375

134.6

GBP

PURCHASE

4736

134.7

GBP

SALE

17530

134.7

GBP

SALE

33440

134.8

GBP

PURCHASE

39961

134.8

GBP

SALE

29894

134.9

GBP

PURCHASE

32960

135

GBP

SALE

65013

135

GBP

SALE

7580

135.1

GBP

PURCHASE

72987

135.1

GBP

PURCHASE

8544

135.2

GBP

SALE

17102

135.2

GBP

PURCHASE

17039

135.3

GBP

SALE

17112

135.3

GBP

SALE

14813

135.4

GBP

PURCHASE

27596

135.4

GBP

SALE

32249

135.5

GBP

PURCHASE

56302

135.5

GBP

SALE

52894

135.6

GBP

PURCHASE

45086

135.7

GBP

SALE

82782

135.7

GBP

PURCHASE

39309

135.8

GBP

SALE

77290

135.8

GBP

SALE

30132

135.9

GBP

PURCHASE

75213

135.9

GBP

PURCHASE

80931

136

GBP

SALE

30068

136.1

GBP

PURCHASE

48214

136.1

GBP

SALE

3416

136.2

GBP

PURCHASE

4236

136.2

GBP

SALE

17200

136.3

GBP

PURCHASE

33025

136.3

GBP

PURCHASE

7953

136.4

GBP

SALE

17486

136.4

GBP

SALE

8600

136.5

GBP

PURCHASE

27553

136.5

GBP

PURCHASE

763

136.6

GBP

SALE

7933

136.6

GBP

SALE

8600

136.7

GBP

PURCHASE

17748

136.7

GBP

SALE

3700

136.8

GBP

PURCHASE

2918

136.9

GBP

PURCHASE

3600

137.2

GBP

Total Purchases

2102706

Total Sales

2168118

(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

16 December 2008

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 ADVISOR

Notes

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