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

12 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

9750000

0.16 %

00

0 %

(2) Derivatives (other than options)

(3) Options and agreements to purchase/sell

Total

9750000

0.16 %

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

700

133.3

PENCE

PURCHASE

2149

134.2

PENCE

PURCHASE

22430

134.4

PENCE

PURCHASE

46228

134.5

PENCE

PURCHASE

250000

134.7018

PENCE

PURCHASE

9902

135

PENCE

SALE

700

136

PENCE

PURCHASE

8771

136.2

PENCE

PURCHASE

10520

136.4

PENCE

PURCHASE

39170

137

PENCE

PURCHASE

10830

137.2

PENCE

PURCHASE

8000

137.5

PENCE

PURCHASE

63210

138

PENCE

SALE

71210

138.2

PENCE

PURCHASE

4685

138.9

PENCE

PURCHASE

20315

139

PENCE

PURCHASE

500000

139.4216

PENCE

SALE

7200

139.65

PENCE

SALE

10378

139.8

PENCE

SALE

7200

139.9

PENCE

SALE

144773

140

PENCE

SALE

47346

140.1

PENCE

SALE

8701

140.15

PENCE

SALE

8537

140.2

PENCE

SALE

33644

140.25

PENCE

SALE

23590

140.3

PENCE

SALE

26675

140.35

PENCE

SALE

93722

140.4

PENCE

SALE

7200

140.45

PENCE

PURCHASE

23769

140.5

PENCE

SALE

24237

140.5

PENCE

SALE

8661

140.55

PENCE

PURCHASE

8717

140.6

PENCE

SALE

16886

140.6

PENCE

SALE

7200

140.65

PENCE

PURCHASE

5403

140.7

PENCE

SALE

444016

140.7

PENCE

SALE

17177

140.8

PENCE

PURCHASE

35106

140.8

PENCE

SALE

7124

140.85

PENCE

SALE

24514

140.9

PENCE

PURCHASE

46148

140.9

PENCE

SALE

28943

140.95

PENCE

PURCHASE

102854

141

PENCE

SALE

124355

141

PENCE

SALE

7200

141.05

PENCE

PURCHASE

41621

141.1

PENCE

SALE

126650

141.1

PENCE

SALE

6647

141.15

PENCE

PURCHASE

32490

141.2

PENCE

SALE

42266

141.2

PENCE

SALE

44535

141.25

PENCE

SALE

72885

141.3

PENCE

PURCHASE

81523

141.3

PENCE

SALE

15922

141.35

PENCE

PURCHASE

17712

141.4

PENCE

SALE

65828

141.4

PENCE

SALE

54739

141.5

PENCE

PURCHASE

101552

141.5

PENCE

SALE

22600

141.55

PENCE

PURCHASE

8917

141.6

PENCE

SALE

47186

141.6

PENCE

PURCHASE

3600

141.7

PENCE

SALE

17034

141.7

PENCE

PURCHASE

14456

141.8

PENCE

SALE

49287

141.8

PENCE

PURCHASE

10626

141.9

PENCE

SALE

18074

141.9

PENCE

PURCHASE

12000

142

PENCE

SALE

34947

142

PENCE

PURCHASE

7875

142.1

PENCE

SALE

20924

142.1

PENCE

SALE

22357

142.2

PENCE

PURCHASE

33042

142.2

PENCE

PURCHASE

4430

142.3

PENCE

SALE

13957

142.3

PENCE

SALE

6800

142.5

PENCE

PURCHASE

103000

142.5

PENCE

SALE

3000

142.6

PENCE

PURCHASE

20904

142.6

PENCE

PURCHASE

4806

142.7

PENCE

SALE

9827

142.7

PENCE

SALE

17203

142.8

PENCE

SALE

8592

142.85

PENCE

SALE

16925

142.9

PENCE

SALE

11353

143

PENCE

PURCHASE

31049

143

PENCE

SALE

6720

143.05

PENCE

PURCHASE

12000

143.1

PENCE

SALE

29028

143.1

PENCE

SALE

7896

143.15

PENCE

SALE

76639

143.2

PENCE

SALE

13242

143.25

PENCE

PURCHASE

18451

143.3

PENCE

SALE

44632

143.3

PENCE

SALE

14959

143.35

PENCE

PURCHASE

35947

143.4

PENCE

SALE

96523

143.4

PENCE

SALE

27061

143.45

PENCE

PURCHASE

80986

143.5

PENCE

SALE

137033

143.5

PENCE

SALE

24534

143.55

PENCE

SALE

78009

143.6

PENCE

PURCHASE

83509

143.6

PENCE

SALE

18271

143.65

PENCE

PURCHASE

52100

143.7

PENCE

SALE

67341

143.7

PENCE

SALE

1760

143.8

PENCE

SALE

18165

143.85

PENCE

PURCHASE

13807

143.9

PENCE

SALE

85183

143.9

PENCE

SALE

10080

143.95

PENCE

PURCHASE

54507

144

PENCE

SALE

80362

144

PENCE

SALE

12116

144.05

PENCE

SALE

13314

144.1

PENCE

SALE

30322

144.15

PENCE

SALE

5900

144.2

PENCE

Total Purchases

2099817

Total Sales

2849817

(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

13 January 2009

Contact name

Nimisha Sachdev

Telephone number

+44 (0)20 7568 9289

Name of offeree/offeror with which associated

Lloyds 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/