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

05 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

22112

150

GBP

PURCHASE

14742

150.7

GBP

SALE

12009

150.8

GBP

SALE

5449

150.9

GBP

PURCHASE

4225

151

GBP

PURCHASE

583

151.2

GBP

SALE

1200

151.2

GBP

PURCHASE

6475

151.4

GBP

PURCHASE

8296

151.9

GBP

SALE

9555

151.9

GBP

SALE

4158

152

GBP

SALE

11310

152.5

GBP

SALE

29418

152.6

GBP

SALE

469

152.7

GBP

PURCHASE

1200

152.8

GBP

PURCHASE

7659

153

GBP

SALE

10929

153

GBP

PURCHASE

4000

153.1

GBP

SALE

1930

153.2

GBP

SALE

3023

153.3

GBP

SALE

1210

153.5

GBP

SALE

7659

153.9

GBP

SALE

5497

154

GBP

PURCHASE

7659

154

GBP

SALE

13648

154.2

GBP

SALE

10133

154.3

GBP

SALE

1200

154.4

GBP

PURCHASE

8740

154.5

GBP

SALE

32727

154.5

GBP

SALE

16304

154.6

GBP

PURCHASE

16456

154.6

GBP

SALE

2850

154.7

GBP

PURCHASE

7799

154.7

GBP

PURCHASE

11391

154.8

GBP

SALE

24826

154.8

GBP

PURCHASE

2327

154.9

GBP

SALE

31712

154.9

GBP

SALE

13637

155

GBP

PURCHASE

34700

155

GBP

SALE

22544

155.1

GBP

PURCHASE

39234

155.1

GBP

SALE

45269

155.2

GBP

PURCHASE

60598

155.2

GBP

SALE

6521

155.3

GBP

PURCHASE

27640

155.3

GBP

SALE

5000

155.4

GBP

PURCHASE

28767

155.4

GBP

PURCHASE

16084

155.5

GBP

SALE

19226

155.5

GBP

PURCHASE

21274

155.6

GBP

SALE

27660

155.6

GBP

PURCHASE

7150

155.7

GBP

SALE

10282

155.7

GBP

SALE

6024

155.8

GBP

PURCHASE

45468

155.8

GBP

PURCHASE

14816

155.9

GBP

SALE

15478

155.9

GBP

SALE

4840

156

GBP

PURCHASE

5296

156

GBP

SALE

3029

156.1

GBP

PURCHASE

19248

156.1

GBP

SALE

2865

156.2

GBP

PURCHASE

11655

156.2

GBP

PURCHASE

6107

156.4

GBP

SALE

12042

156.4

GBP

PURCHASE

8600

156.5

GBP

PURCHASE

2278

156.6

GBP

SALE

1600

156.9

GBP

SALE

400

157.1

GBP

SALE

1200

157.2

GBP

SALE

3878

157.3

GBP

SALE

4858

157.7

GBP

PURCHASE

6915

157.8

GBP

PURCHASE

5836

158

GBP

PURCHASE

2400

158.1

GBP

SALE

2998

159.3

GBP

SALE

10026

159.4

GBP

SALE

4347

159.5

GBP

PURCHASE

3600

159.6

GBP

SALE

6155

159.6

GBP

PURCHASE

2400

159.7

GBP

SALE

7527

159.7

GBP

SALE

3000

160.1

GBP

PURCHASE

5500

160.1

GBP

PURCHASE

18887

160.2

GBP

SALE

2758

160.3

GBP

SALE

1200

160.4

GBP

SALE

16889

160.5

GBP

SALE

1200

160.6

GBP

PURCHASE

1800

160.6

GBP

SALE

2400

160.7

GBP

PURCHASE

6796

160.7

GBP

PURCHASE

2400

160.9

GBP

SALE

2800

161

GBP

SALE

3365

161.1

GBP

SALE

3918

161.2

GBP

PURCHASE

12091

161.3

GBP

PURCHASE

7300

161.4

GBP

PURCHASE

10400

161.6

GBP

PURCHASE

1262

161.7

GBP

PURCHASE

2800

161.8

GBP

SALE

4893

161.8

GBP

PURCHASE

6700

161.9

GBP

SALE

13484

162

GBP

PURCHASE

21555

162

GBP

SALE

1930

162.1

GBP

PURCHASE

8400

162.1

GBP

PURCHASE

16427

162.2

GBP

PURCHASE

10030

162.3

GBP

SALE

6119

162.4

GBP

PURCHASE

6318

162.4

GBP

SALE

4221

162.5

GBP

PURCHASE

20304

162.5

GBP

SALE

6475

162.6

GBP

PURCHASE

23585

162.6

GBP

PURCHASE

9361

162.7

GBP

SALE

1900

162.8

GBP

PURCHASE

12903

162.8

GBP

SALE

10572

162.9

GBP

PURCHASE

20314

162.9

GBP

SALE

8223

163

GBP

PURCHASE

16100

163

GBP

SALE

1300

163.1

GBP

PURCHASE

3423

163.1

GBP

SALE

13639

163.2

GBP

PURCHASE

20292

163.2

GBP

PURCHASE

12790

163.3

GBP

SALE

16435

163.3

GBP

PURCHASE

4948

163.4

GBP

SALE

15942

163.4

GBP

PURCHASE

12542

163.5

GBP

SALE

56738

163.5

GBP

PURCHASE

21921

163.6

GBP

SALE

13381

163.7

GBP

PURCHASE

14478

163.7

GBP

SALE

9991

163.8

GBP

PURCHASE

17590

163.8

GBP

PURCHASE

4449

163.9

GBP

SALE

7737

163.9

GBP

PURCHASE

32197

164

GBP

SALE

38129

164

GBP

SALE

2592

164.1

GBP

PURCHASE

16144

164.1

GBP

PURCHASE

3900

164.2

GBP

SALE

14466

164.2

GBP

PURCHASE

29003

164.3

GBP

SALE

55656

164.3

GBP

SALE

23901

164.4

GBP

PURCHASE

24009

164.4

GBP

SALE

31308

164.5

GBP

SALE

1585

164.6

GBP

PURCHASE

9717

164.6

GBP

PURCHASE

2000

164.7

GBP

SALE

21971

164.7

GBP

SALE

20734

164.8

GBP

SALE

1484

164.9

GBP

SALE

11363

165

GBP

SALE

311

165.1

GBP

SALE

4000

165.3

GBP

SALE

4268

165.5

GBP

SALE

706

165.6

GBP

SALE

9819

166.1

GBP

SALE

4647

166.4

GBP

SALE

5000

166.5

GBP

SALE

1900

166.6

GBP

SALE

3208

166.8

GBP

SALE

21466

166.9

GBP

SALE

9863

167

GBP

SALE

9775

167.1

GBP

SALE

700

167.3

GBP

Total Purchases

942254

Total Sales

1026096

(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

08 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

Notes

The Notes on Form 38.5(b) can be viewed on the Takeover Panel's website at http://www.thetakeoverpanel.org.uk/