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

19 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

127243

117

PENCE

SALE

20258

117.1

PENCE

PURCHASE

7071

117.2

PENCE

SALE

3100

117.3

PENCE

PURCHASE

35206

117.3

PENCE

PURCHASE

5625

117.4

PENCE

SALE

7258

117.4

PENCE

SALE

23348

117.5

PENCE

PURCHASE

63371

117.5

PENCE

PURCHASE

14778

117.6

PENCE

SALE

15064

117.6

PENCE

PURCHASE

1455

117.7

PENCE

SALE

19108

117.7

PENCE

PURCHASE

4940

117.8

PENCE

PURCHASE

9968

117.9

PENCE

PURCHASE

78190

118

PENCE

SALE

8889

118.2

PENCE

PURCHASE

24460

118.2

PENCE

PURCHASE

14908

118.3

PENCE

SALE

29561

118.3

PENCE

SALE

10212

118.4

PENCE

PURCHASE

21192

118.4

PENCE

SALE

84022

118.5

PENCE

PURCHASE

120168

118.5

PENCE

SALE

3100

118.6

PENCE

PURCHASE

15167

118.6

PENCE

PURCHASE

12944

118.7

PENCE

SALE

18089

118.7

PENCE

PURCHASE

2000

118.8

PENCE

SALE

19413

118.8

PENCE

SALE

3100

118.9

PENCE

PURCHASE

9769

118.9

PENCE

SALE

17358

119

PENCE

PURCHASE

102353

119

PENCE

SALE

6259

119.1

PENCE

PURCHASE

17634

119.1

PENCE

PURCHASE

1395

119.2

PENCE

PURCHASE

11507

119.3

PENCE

SALE

25000

119.3

PENCE

SALE

17045

119.4

PENCE

SALE

42546

119.5

PENCE

PURCHASE

54711

119.5

PENCE

SALE

11307

119.6

PENCE

PURCHASE

29049

119.6

PENCE

PURCHASE

14083

119.7

PENCE

SALE

16201

119.7

PENCE

SALE

14200

119.8

PENCE

SALE

70818

119.9

PENCE

PURCHASE

15246

120

PENCE

SALE

115793

120

PENCE

SALE

28473

120.1

PENCE

PURCHASE

16521

120.2

PENCE

PURCHASE

14316

120.3

PENCE

SALE

22310

120.3

PENCE

SALE

2983

120.4

PENCE

PURCHASE

2000

120.5

PENCE

SALE

3563

120.5

PENCE

PURCHASE

3302

120.6

PENCE

SALE

3302

120.6

PENCE

SALE

6789

121

PENCE

PURCHASE

2000

121.1

PENCE

PURCHASE

3027

121.2

PENCE

PURCHASE

8000

121.3

PENCE

SALE

8566

121.5

PENCE

PURCHASE

26596

121.5

PENCE

PURCHASE

2434

121.6

PENCE

PURCHASE

3608

121.7

PENCE

SALE

2027

121.8

PENCE

PURCHASE

3666

121.9

PENCE

SALE

9263

121.9

PENCE

SALE

5752

122

PENCE

PURCHASE

85440

122

PENCE

SALE

9309

122.1

PENCE

PURCHASE

20197

122.1

PENCE

PURCHASE

9694

122.2

PENCE

SALE

24149

122.2

PENCE

PURCHASE

4382

122.3

PENCE

SALE

54285

122.3

PENCE

PURCHASE

14750

122.4

PENCE

SALE

15342

122.4

PENCE

PURCHASE

11851

122.5

PENCE

SALE

56766

122.5

PENCE

PURCHASE

1510

122.6

PENCE

SALE

72749

122.6

PENCE

SALE

31124

122.7

PENCE

SALE

16669

122.8

PENCE

PURCHASE

21588

122.8

PENCE

PURCHASE

11165

122.9

PENCE

SALE

20471

122.9

PENCE

SALE

8329

123

PENCE

PURCHASE

11859

123

PENCE

PURCHASE

72296

123.1

PENCE

SALE

3448

123.2

PENCE

PURCHASE

4056

123.2

PENCE

SALE

3902

123.3

PENCE

PURCHASE

10189

123.3

PENCE

SALE

8767

123.4

PENCE

PURCHASE

20389

123.4

PENCE

SALE

25309

123.5

PENCE

PURCHASE

41113

123.5

PENCE

SALE

36277

123.6

PENCE

PURCHASE

56509

123.6

PENCE

SALE

18100

123.7

PENCE

PURCHASE

33837

123.7

PENCE

SALE

1006

123.8

PENCE

PURCHASE

27233

123.8

PENCE

SALE

26264

123.9

PENCE

PURCHASE

57899

123.9

PENCE

SALE

11661

124

PENCE

PURCHASE

158127

124

PENCE

PURCHASE

32572

124.1

PENCE

SALE

81849

124.1

PENCE

SALE

11826

124.2

PENCE

PURCHASE

52476

124.2

PENCE

PURCHASE

8714

124.3

PENCE

SALE

35949

124.3

PENCE

SALE

6004

124.4

PENCE

PURCHASE

30065

124.4

PENCE

PURCHASE

16800

124.5

PENCE

SALE

35198

124.5

PENCE

SALE

5064

124.6

PENCE

PURCHASE

20110

124.6

PENCE

SALE

6995

124.7

PENCE

PURCHASE

25157

124.7

PENCE

SALE

28114

124.8

PENCE

SALE

4282

124.9

PENCE

PURCHASE

8899

125

PENCE

SALE

17830

125

PENCE

SALE

26339

125.1

PENCE

PURCHASE

43412

125.1

PENCE

PURCHASE

21615

125.2

PENCE

SALE

25448

125.2

PENCE

PURCHASE

24043

125.3

PENCE

SALE

37813

125.3

PENCE

SALE

16100

125.4

PENCE

PURCHASE

24367

125.5

PENCE

SALE

31880

125.5

PENCE

SALE

18817

125.6

PENCE

PURCHASE

3000

125.7

PENCE

SALE

11560

125.7

PENCE

SALE

1200

125.8

PENCE

PURCHASE

17912

125.8

PENCE

SALE

19251

125.9

PENCE

SALE

41563

126

PENCE

PURCHASE

3943

126.2

PENCE

SALE

16680

126.2

PENCE

SALE

16952

126.4

PENCE

SALE

3994

126.5

PENCE

SALE

13874

126.6

PENCE

Total Purchases

1779829

Total Sales

1779829

(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

22 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 ADVISER