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 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

4500000

0.08 %

00

0 %

(2) Derivatives (other than options)

(3) Options and agreements to purchase/sell

Total

4500000

0.08 %

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

500000

100.1496

PENCE

PURCHASE

11643

100.8

PENCE

PURCHASE

1980

100.9

PENCE

PURCHASE

45989

101

PENCE

PURCHASE

16488

101.1

PENCE

PURCHASE

15346

101.2

PENCE

PURCHASE

27096

101.3

PENCE

PURCHASE

17741

101.5

PENCE

SALE

20000

102

PENCE

SALE

42670

102.5

PENCE

SALE

117898

102.6

PENCE

SALE

51587

102.7

PENCE

SALE

17407

102.8

PENCE

SALE

20438

102.9

PENCE

SALE

10036

103.3

PENCE

SALE

86326

103.4

PENCE

SALE

1953005

103.5

PENCE

SALE

4413

103.6

PENCE

SALE

18571

103.7

PENCE

SALE

55810

103.8

PENCE

SALE

39605

103.9

PENCE

SALE

38998

104

PENCE

SALE

88

104.1

PENCE

SALE

13726

104.4

PENCE

SALE

14814

104.5

PENCE

SALE

120

104.6

PENCE

SALE

82669

104.7

PENCE

SALE

41993

104.8

PENCE

SALE

62202

104.9

PENCE

SALE

314712

105

PENCE

SALE

43217

105.9

PENCE

SALE

18000

106

PENCE

SALE

6201

106.1

PENCE

SALE

17286

106.9

PENCE

SALE

42608

107

PENCE

SALE

25509

107.1

PENCE

SALE

14393

108.4

PENCE

SALE

29537

108.5

PENCE

SALE

22246

108.6

PENCE

SALE

5903

108.7

PENCE

SALE

40468

108.9

PENCE

SALE

6924

109

PENCE

SALE

800

109.2

PENCE

SALE

7377

109.6

PENCE

SALE

400

109.7

PENCE

SALE

295389

110

PENCE

SALE

40500

110.2

PENCE

SALE

6109

110.3

PENCE

SALE

23800

110.6

PENCE

SALE

48295

110.8

PENCE

SALE

63269

110.9

PENCE

SALE

48234

111

PENCE

SALE

29488

111.1

PENCE

SALE

40811

111.2

PENCE

SALE

37707

111.3

PENCE

SALE

10620

111.5

PENCE

SALE

17691

111.6

PENCE

SALE

119141

112

PENCE

SALE

13752

112.1

PENCE

SALE

6847

112.2

PENCE

SALE

21291

112.3

PENCE

SALE

13010

112.5

PENCE

SALE

12372

112.8

PENCE

PURCHASE

2346

112.9

PENCE

PURCHASE

49224

113

PENCE

PURCHASE

43453

113.1

PENCE

PURCHASE

31309

113.2

PENCE

PURCHASE

19347

113.3

PENCE

PURCHASE

44852

113.4

PENCE

PURCHASE

71238

113.5

PENCE

PURCHASE

238231

113.6

PENCE

PURCHASE

19531

115.5

PENCE

PURCHASE

183979

115.6

PENCE

SALE

13083

116.4

PENCE

SALE

36611

116.5

PENCE

SALE

8030

116.6

PENCE

SALE

19102

116.7

PENCE

SALE

21619

116.8

PENCE

SALE

19504

116.9

PENCE

SALE

12256

117

PENCE

SALE

10213

117.1

PENCE

SALE

10668

117.2

PENCE

SALE

5944

117.3

PENCE

SALE

14143

117.4

PENCE

SALE

32337

119

PENCE

Total Purchases

839793

Total Sales

4839793

(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 January 2009

Contact name

Nimisha Sachdev

Telephone number

+44 (0)20 7568 9289

Name of offeree/offeror with which associated

LLOYDS TSB GROUP 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/