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

02 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

4000000

0.07 %

00

0 %

(2) Derivatives (other than options)

(3) Options and agreements to purchase/sell

Total

4000000

0.07 %

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

147650

126

PENCE

SALE

10200

126.4

PENCE

PURCHASE

2687

126.6

PENCE

PURCHASE

6428

126.8

PENCE

PURCHASE

6002

126.9

PENCE

SALE

9868

126.9

PENCE

SALE

6293

127

PENCE

PURCHASE

24866

127

PENCE

PURCHASE

17970

127.1

PENCE

PURCHASE

22367

127.2

PENCE

PURCHASE

36831

127.3

PENCE

PURCHASE

2667

127.4

PENCE

SALE

3110

127.4

PENCE

SALE

14277

127.5

PENCE

PURCHASE

23040

127.5

PENCE

PURCHASE

21915

127.6

PENCE

SALE

25302

127.6

PENCE

SALE

13774

127.7

PENCE

PURCHASE

68031

127.7

PENCE

SALE

21591

127.8

PENCE

PURCHASE

48225

127.8

PENCE

SALE

39512

127.9

PENCE

PURCHASE

45870

127.9

PENCE

SALE

107088

128

PENCE

PURCHASE

130898

128

PENCE

PURCHASE

60016

128.1

PENCE

SALE

76356

128.1

PENCE

SALE

43788

128.2

PENCE

PURCHASE

71809

128.2

PENCE

PURCHASE

2000000

128.2132

PENCE

PURCHASE

40934

128.3

PENCE

SALE

93302

128.3

PENCE

SALE

25438

128.4

PENCE

PURCHASE

80930

128.4

PENCE

SALE

24690

128.5

PENCE

PURCHASE

77184

128.5

PENCE

SALE

16685

128.6

PENCE

SALE

16658

128.7

PENCE

PURCHASE

468274

128.7

PENCE

PURCHASE

35359

128.8

PENCE

SALE

41686

128.8

PENCE

SALE

10526

128.9

PENCE

PURCHASE

13377

128.9

PENCE

SALE

15473

129

PENCE

PURCHASE

115142

129

PENCE

PURCHASE

8688

129.1

PENCE

SALE

20539

129.4

PENCE

PURCHASE

44396

129.5

PENCE

PURCHASE

30149

129.6

PENCE

SALE

6431

129.7

PENCE

SALE

6119

129.8

PENCE

PURCHASE

10904

130

PENCE

SALE

13903

130

PENCE

Total Purchases

3662609

Total Sales

662609

(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

05 January 2009

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