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

08 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)

PURCHASE

4000

156.6

PENCE

SALE

4000

156.6

PENCE

PURCHASE

13506

156.7

PENCE

PURCHASE

9805

156.9

PENCE

SALE

10212

156.9

PENCE

SALE

2896

157

PENCE

PURCHASE

2665

157.2

PENCE

SALE

5700

157.2

PENCE

PURCHASE

2600

157.3

PENCE

SALE

3365

157.4

PENCE

SALE

1900

157.5

PENCE

PURCHASE

7100

157.5

PENCE

PURCHASE

17761

157.6

PENCE

SALE

7173

157.7

PENCE

PURCHASE

44564

157.7

PENCE

PURCHASE

18144

157.8

PENCE

SALE

37309

157.8

PENCE

SALE

10630

157.9

PENCE

PURCHASE

20321

157.9

PENCE

SALE

4315

158

PENCE

PURCHASE

88683

158

PENCE

SALE

22871

158.1

PENCE

PURCHASE

93451

158.1

PENCE

PURCHASE

46652

158.2

PENCE

SALE

57803

158.2

PENCE

SALE

23473

158.3

PENCE

PURCHASE

44228

158.3

PENCE

SALE

14569

158.4

PENCE

PURCHASE

69644

158.4

PENCE

SALE

18903

158.5

PENCE

PURCHASE

52352

158.5

PENCE

SALE

15678

158.6

PENCE

PURCHASE

17684

158.6

PENCE

PURCHASE

11100

158.7

PENCE

SALE

44157

158.7

PENCE

PURCHASE

8628

158.8

PENCE

SALE

17526

158.8

PENCE

PURCHASE

14769

158.9

PENCE

SALE

20246

158.9

PENCE

PURCHASE

25129

159

PENCE

SALE

63408

159

PENCE

PURCHASE

703

159.1

PENCE

SALE

29255

159.1

PENCE

PURCHASE

5261

159.2

PENCE

SALE

21341

159.2

PENCE

PURCHASE

18380

159.3

PENCE

SALE

40403

159.3

PENCE

PURCHASE

12901

159.4

PENCE

SALE

45303

159.4

PENCE

PURCHASE

1838

159.5

PENCE

SALE

114627

159.5

PENCE

PURCHASE

5232

159.6

PENCE

SALE

35786

159.6

PENCE

PURCHASE

4810

159.7

PENCE

SALE

13743

159.7

PENCE

SALE

29075

159.8

PENCE

SALE

13482

159.9

PENCE

PURCHASE

20586

160

PENCE

SALE

90691

160

PENCE

SALE

14069

160.1

PENCE

PURCHASE

16300

160.1

PENCE

PURCHASE

10886

160.2

PENCE

SALE

11273

160.2

PENCE

PURCHASE

11176

160.3

PENCE

SALE

18548

160.3

PENCE

SALE

6377

160.4

PENCE

PURCHASE

9524

160.4

PENCE

PURCHASE

8521

160.5

PENCE

SALE

41458

160.5

PENCE

SALE

8720

160.6

PENCE

PURCHASE

26452

160.6

PENCE

PURCHASE

18118

160.7

PENCE

SALE

30127

160.7

PENCE

PURCHASE

21057

160.8

PENCE

SALE

32405

160.8

PENCE

SALE

16994

160.9

PENCE

PURCHASE

48123

160.9

PENCE

SALE

9955

161

PENCE

PURCHASE

95639

161

PENCE

SALE

1500

161.1

PENCE

PURCHASE

32282

161.1

PENCE

SALE

5801

161.2

PENCE

PURCHASE

13706

161.2

PENCE

SALE

13890

161.3

PENCE

PURCHASE

35284

161.3

PENCE

SALE

18860

161.4

PENCE

PURCHASE

31101

161.4

PENCE

PURCHASE

14746

161.5

PENCE

SALE

31428

161.5

PENCE

SALE

9180

161.6

PENCE

PURCHASE

27694

161.6

PENCE

PURCHASE

6092

161.7

PENCE

SALE

24009

161.7

PENCE

PURCHASE

7018

161.8

PENCE

SALE

45461

161.8

PENCE

PURCHASE

5052

161.9

PENCE

SALE

33076

161.9

PENCE

SALE

74549

162

PENCE

PURCHASE

99995

162

PENCE

SALE

7300

162.1

PENCE

PURCHASE

18267

162.1

PENCE

SALE

22331

162.2

PENCE

PURCHASE

48286

162.2

PENCE

PURCHASE

12200

162.3

PENCE

SALE

16180

162.3

PENCE

PURCHASE

6800

162.4

PENCE

SALE

4900

162.5

PENCE

PURCHASE

9882

162.5

PENCE

PURCHASE

2400

162.6

PENCE

SALE

9690

162.6

PENCE

SALE

1858

162.7

PENCE

SALE

3800

162.8

PENCE

PURCHASE

5128

162.8

PENCE

PURCHASE

1200

162.9

PENCE

SALE

1314

163

PENCE

PURCHASE

1404

163

PENCE

PURCHASE

1900

163.1

PENCE

SALE

7000

163.1

PENCE

SALE

939

163.2

PENCE

PURCHASE

931

163.5

PENCE

SALE

13946

163.5

PENCE

PURCHASE

4900

163.7

PENCE

SALE

5550

163.7

PENCE

PURCHASE

3201

163.8

PENCE

PURCHASE

976

164

PENCE

PURCHASE

4900

164.1

PENCE

PURCHASE

4190

164.2

PENCE

PURCHASE

13076

164.3

PENCE

PURCHASE

6952

164.5

PENCE

SALE

5300

164.8

PENCE

PURCHASE

5300

165.1

PENCE

SALE

1900

165.4

PENCE

PURCHASE

4723

165.4

PENCE

SALE

1900

165.6

PENCE

PURCHASE

3008

166.5

PENCE

SALE

16288

166.5

PENCE

SALE

654

166.6

PENCE

SALE

4173

166.7

PENCE

PURCHASE

1848

166.8

PENCE

SALE

2700

166.9

PENCE

PURCHASE

7516

166.9

PENCE

PURCHASE

29856

167

PENCE

SALE

3900

167.1

PENCE

PURCHASE

2700

167.3

PENCE

SALE

14811

167.3

PENCE

SALE

3666

167.4

PENCE

PURCHASE

5661

167.4

PENCE

SALE

16056

167.6

PENCE

PURCHASE

3700

167.7

PENCE

SALE

492

168

PENCE

PURCHASE

2000

168

PENCE

Total Purchases

1434168

Total Sales

1434168

(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

09 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 ADVISOR

Notes

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