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 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

65412

0 %

00

0 %

(2) Derivatives (other than options)

(3) Options and agreements to purchase/sell

Total

65412

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

9117

126.6

PENCE

PURCHASE

1099

126.9

PENCE

PURCHASE

7716

127

PENCE

PURCHASE

8823

127.2

PENCE

SALE

13330

127.3

PENCE

SALE

9117

127.4

PENCE

PURCHASE

40842

127.5

PENCE

PURCHASE

61144

127.6

PENCE

PURCHASE

5312

127.8

PENCE

SALE

34108

127.8

PENCE

PURCHASE

15232

127.9

PENCE

SALE

28229

128

PENCE

PURCHASE

32071

128

PENCE

SALE

11334

128.1

PENCE

PURCHASE

51819

128.1

PENCE

SALE

5000

128.2

PENCE

PURCHASE

50399

128.2

PENCE

SALE

5000

128.3

PENCE

PURCHASE

6345

128.3

PENCE

SALE

16302

128.4

PENCE

PURCHASE

32216

128.4

PENCE

SALE

34123

128.5

PENCE

PURCHASE

66261

128.5

PENCE

PURCHASE

30766

128.6

PENCE

SALE

23259

128.7

PENCE

PURCHASE

96108

128.7

PENCE

PURCHASE

5000

128.8

PENCE

SALE

25000

128.8

PENCE

SALE

11166

128.9

PENCE

PURCHASE

22946

128.9

PENCE

SALE

14477

129

PENCE

PURCHASE

52927

129

PENCE

SALE

3085

129.1

PENCE

PURCHASE

7108

129.1

PENCE

PURCHASE

28485

129.2

PENCE

PURCHASE

34400

129.3

PENCE

PURCHASE

5600

129.4

PENCE

SALE

15000

129.4

PENCE

PURCHASE

29979

129.5

PENCE

SALE

40663

129.5

PENCE

SALE

8441

129.6

PENCE

SALE

23333

129.7

PENCE

PURCHASE

34392

129.7

PENCE

SALE

14741

129.8

PENCE

PURCHASE

25133

129.8

PENCE

PURCHASE

48198

129.9

PENCE

SALE

169747

129.9

PENCE

SALE

137361

130

PENCE

PURCHASE

229202

130

PENCE

SALE

22390

130.1

PENCE

PURCHASE

32113

130.1

PENCE

SALE

31090

130.2

PENCE

PURCHASE

93117

130.2

PENCE

SALE

12106

130.3

PENCE

PURCHASE

87937

130.3

PENCE

SALE

77289

130.4

PENCE

PURCHASE

121403

130.4

PENCE

SALE

71435

130.5

PENCE

PURCHASE

167101

130.5

PENCE

SALE

70357

130.6

PENCE

PURCHASE

96964

130.6

PENCE

SALE

43154

130.7

PENCE

PURCHASE

159877

130.7

PENCE

PURCHASE

58936

130.8

PENCE

SALE

67777

130.8

PENCE

PURCHASE

47441

130.9

PENCE

SALE

89868

130.9

PENCE

PURCHASE

97523

131

PENCE

SALE

157379

131

PENCE

SALE

58006

131.1

PENCE

PURCHASE

77638

131.1

PENCE

PURCHASE

92533

131.2

PENCE

SALE

120815

131.2

PENCE

PURCHASE

32488

131.3

PENCE

SALE

42516

131.3

PENCE

PURCHASE

30739

131.4

PENCE

SALE

75282

131.4

PENCE

SALE

50695

131.5

PENCE

PURCHASE

50789

131.5

PENCE

PURCHASE

37898

131.6

PENCE

SALE

102426

131.6

PENCE

PURCHASE

11571

131.7

PENCE

SALE

110429

131.7

PENCE

PURCHASE

18379

131.8

PENCE

SALE

34548

131.8

PENCE

PURCHASE

6000

131.9

PENCE

SALE

54608

131.9

PENCE

PURCHASE

54800

132

PENCE

SALE

183551

132

PENCE

PURCHASE

29688

132.1

PENCE

SALE

82787

132.1

PENCE

SALE

30983

132.2

PENCE

PURCHASE

131948

132.2

PENCE

PURCHASE

35420

132.3

PENCE

SALE

43090

132.3

PENCE

PURCHASE

9128

132.4

PENCE

SALE

33942

132.4

PENCE

PURCHASE

60422

132.5

PENCE

SALE

195304

132.5

PENCE

SALE

2031

132.6

PENCE

PURCHASE

14232

132.6

PENCE

PURCHASE

64511

132.7

PENCE

SALE

149684

132.7

PENCE

SALE

23045

132.8

PENCE

PURCHASE

75386

132.8

PENCE

PURCHASE

3960

132.9

PENCE

PURCHASE

16876

133

PENCE

SALE

78579

133

PENCE

PURCHASE

6842

133.1

PENCE

SALE

37056

133.1

PENCE

SALE

31025

133.2

PENCE

PURCHASE

25523

133.3

PENCE

SALE

12000

133.4

PENCE

PURCHASE

43021

133.4

PENCE

PURCHASE

28380

133.5

PENCE

SALE

57738

133.5

PENCE

SALE

7259

133.7

PENCE

PURCHASE

5595

133.8

PENCE

SALE

6766

133.8

PENCE

SALE

13121

133.9

PENCE

PURCHASE

9184

134

PENCE

SALE

14764

134

PENCE

SALE

1594

134.1

PENCE

PURCHASE

21192

134.1

PENCE

PURCHASE

2236

134.2

PENCE

SALE

7620

134.2

PENCE

PURCHASE

15377

134.3

PENCE

SALE

19923

134.3

PENCE

SALE

8986

134.4

PENCE

PURCHASE

12349

134.4

PENCE

PURCHASE

3800

134.5

PENCE

SALE

12531

134.5

PENCE

SALE

6877

134.6

PENCE

PURCHASE

1765

134.7

PENCE

SALE

31157

134.7

PENCE

PURCHASE

1450

134.8

PENCE

SALE

45534

134.8

PENCE

SALE

740

134.9

PENCE

PURCHASE

1588

134.9

PENCE

PURCHASE

2325

135

PENCE

SALE

220614

135

PENCE

SALE

18415

135.1

PENCE

PURCHASE

46435

135.1

PENCE

SALE

1200

135.2

PENCE

PURCHASE

6166

135.2

PENCE

PURCHASE

30398

135.3

PENCE

PURCHASE

5000

135.4

PENCE

SALE

5000

135.4

PENCE

SALE

4112

135.7

PENCE

PURCHASE

6800

135.9

PENCE

PURCHASE

24165

136

PENCE

PURCHASE

6029

136.2

PENCE

PURCHASE

1444

136.3

PENCE

PURCHASE

9000

136.4

PENCE

PURCHASE

7189

136.5

PENCE

PURCHASE

13598

136.6

PENCE

SALE

16216

136.6

PENCE

PURCHASE

1200

136.8

PENCE

SALE

9697

137

PENCE

PURCHASE

33497

137

PENCE

PURCHASE

1955

137.1

PENCE

PURCHASE

1200

137.2

PENCE

SALE

2353

137.2

PENCE

SALE

4653

137.3

PENCE

PURCHASE

6777

137.3

PENCE

PURCHASE

1200

137.4

PENCE

PURCHASE

5422

137.5

PENCE

PURCHASE

884

137.6

PENCE

PURCHASE

13732

137.7

PENCE

PURCHASE

2944

137.9

PENCE

PURCHASE

6138

138.3

PENCE

SALE

5000

138.5

PENCE

PURCHASE

5235

138.5

PENCE

PURCHASE

7097

139.3

PENCE

PURCHASE

1321

139.4

PENCE

SALE

3200

139.4

PENCE

SALE

8273

139.5

PENCE

PURCHASE

4771

139.6

PENCE

SALE

4200

140

PENCE

PURCHASE

1000

140.1

PENCE

PURCHASE

5585

140.2

PENCE

PURCHASE

17574

140.3

PENCE

PURCHASE

1800

140.6

PENCE

PURCHASE

1009

140.7

PENCE

PURCHASE

3780

141.1

PENCE

PURCHASE

5297

141.2

PENCE

SALE

1627

141.5

PENCE

PURCHASE

2562

141.5

PENCE

PURCHASE

2562

141.7

PENCE

SALE

4800

141.7

PENCE

SALE

15902

141.9

PENCE

PURCHASE

43561

142

PENCE

SALE

3590

142.1

PENCE

PURCHASE

11686

142.3

PENCE

SALE

4000

142.4

PENCE

PURCHASE

14579

142.4

PENCE

SALE

17462

142.5

PENCE

PURCHASE

26056

142.5

PENCE

PURCHASE

17644

142.6

PENCE

PURCHASE

25221

142.7

PENCE

SALE

1940

142.8

PENCE

PURCHASE

30381

142.8

PENCE

PURCHASE

27823

142.9

PENCE

SALE

26392

143

PENCE

PURCHASE

59453

143

PENCE

SALE

13366

143.1

PENCE

PURCHASE

14011

143.1

PENCE

SALE

1543

143.2

PENCE

PURCHASE

13192

143.2

PENCE

SALE

12692

143.3

PENCE

PURCHASE

6624

143.4

PENCE

SALE

10205

143.4

PENCE

SALE

2103

143.5

PENCE

PURCHASE

5056

143.5

PENCE

PURCHASE

11274

143.6

PENCE

SALE

24928

143.8

PENCE

SALE

12168

143.9

PENCE

PURCHASE

3012

144

PENCE

SALE

8706

144.2

PENCE

PURCHASE

8706

144.3

PENCE

SALE

2863

144.4

PENCE

SALE

3462

144.5

PENCE

SALE

10867

144.6

PENCE

SALE

25496

144.9

PENCE

Total Purchases

3645130

Total Sales

3579718

(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

15 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