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

22 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)

PURCHASE

2000

122.4

PENCE

PURCHASE

494

122.6

PENCE

PURCHASE

902

122.9

PENCE

PURCHASE

2365

123

PENCE

SALE

91340

123

PENCE

SALE

4068

123.4

PENCE

PURCHASE

8402

123.5

PENCE

SALE

29127

123.5

PENCE

PURCHASE

23768

123.6

PENCE

SALE

31159

123.6

PENCE

PURCHASE

16433

123.7

PENCE

SALE

30013

123.7

PENCE

SALE

10733

123.8

PENCE

PURCHASE

11121

123.8

PENCE

SALE

7300

123.9

PENCE

PURCHASE

10220

123.9

PENCE

SALE

23645

124

PENCE

PURCHASE

29068

124

PENCE

PURCHASE

23706

124.1

PENCE

SALE

12952

124.2

PENCE

PURCHASE

28908

124.2

PENCE

SALE

7590

124.3

PENCE

PURCHASE

38648

124.3

PENCE

SALE

15147

124.4

PENCE

PURCHASE

53835

124.4

PENCE

SALE

36538

124.5

PENCE

PURCHASE

65124

124.5

PENCE

PURCHASE

27240

124.6

PENCE

SALE

53275

124.6

PENCE

PURCHASE

9358

124.7

PENCE

SALE

46572

124.7

PENCE

PURCHASE

66817

124.8

PENCE

SALE

116749

124.8

PENCE

PURCHASE

37668

124.9

PENCE

SALE

100648

124.9

PENCE

SALE

192865

125

PENCE

PURCHASE

233038

125

PENCE

PURCHASE

69997

125.1

PENCE

SALE

93119

125.1

PENCE

PURCHASE

64159

125.2

PENCE

SALE

64548

125.2

PENCE

PURCHASE

37035

125.3

PENCE

SALE

80291

125.3

PENCE

PURCHASE

30235

125.4

PENCE

SALE

120709

125.4

PENCE

PURCHASE

45204

125.5

PENCE

SALE

61096

125.5

PENCE

PURCHASE

28493

125.6

PENCE

SALE

41136

125.6

PENCE

PURCHASE

24227

125.7

PENCE

SALE

37967

125.7

PENCE

PURCHASE

20350

125.8

PENCE

SALE

26302

125.8

PENCE

PURCHASE

18376

125.9

PENCE

SALE

33445

125.9

PENCE

SALE

71626

126

PENCE

PURCHASE

184331

126

PENCE

SALE

10572

126.1

PENCE

PURCHASE

83676

126.1

PENCE

SALE

4329

126.2

PENCE

PURCHASE

21827

126.2

PENCE

SALE

10356

126.3

PENCE

PURCHASE

47282

126.3

PENCE

SALE

18651

126.4

PENCE

PURCHASE

44543

126.4

PENCE

SALE

27022

126.5

PENCE

PURCHASE

65171

126.5

PENCE

SALE

9059

126.6

PENCE

PURCHASE

16685

126.6

PENCE

PURCHASE

13677

126.7

PENCE

SALE

1891

126.8

PENCE

PURCHASE

6810

126.8

PENCE

SALE

6271

126.9

PENCE

SALE

81007

127

PENCE

SALE

3700

127.1

PENCE

PURCHASE

13977

127.1

PENCE

PURCHASE

15815

127.2

PENCE

PURCHASE

8943

127.3

PENCE

SALE

7461

127.4

PENCE

PURCHASE

12444

127.4

PENCE

SALE

3250

127.5

PENCE

PURCHASE

18133

127.5

PENCE

PURCHASE

2055

127.6

PENCE

PURCHASE

8206

127.7

PENCE

PURCHASE

10805

127.8

PENCE

PURCHASE

7105

127.9

PENCE

PURCHASE

1705

128

PENCE

SALE

27763

128

PENCE

SALE

5700

128.1

PENCE

SALE

8368

128.2

PENCE

PURCHASE

3614

128.3

PENCE

SALE

12208

128.3

PENCE

PURCHASE

6810

128.4

PENCE

SALE

14716

128.5

PENCE

PURCHASE

33810

128.5

PENCE

PURCHASE

3405

128.6

PENCE

SALE

6770

128.6

PENCE

SALE

1947

128.7

PENCE

PURCHASE

6825

128.7

PENCE

PURCHASE

4000

128.8

PENCE

PURCHASE

11000

128.9

PENCE

PURCHASE

1119

129

PENCE

PURCHASE

5405

129.1

PENCE

SALE

10964

129.1

PENCE

PURCHASE

2959

129.4

PENCE

PURCHASE

1069

129.5

PENCE

SALE

6593

129.5

PENCE

SALE

6506

129.6

PENCE

PURCHASE

3420

129.7

PENCE

SALE

26297

129.7

PENCE

PURCHASE

2780

129.8

PENCE

SALE

44799

129.8

PENCE

PURCHASE

2997

129.9

PENCE

SALE

7947

130

PENCE

PURCHASE

29479

130

PENCE

PURCHASE

26520

130.1

PENCE

PURCHASE

31565

130.2

PENCE

SALE

3194

130.3

PENCE

PURCHASE

19300

130.3

PENCE

PURCHASE

4750

130.4

PENCE

SALE

5680

130.4

PENCE

PURCHASE

1773

130.5

PENCE

Total Purchases

1812981

Total Sales

1812981

(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

23 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