Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Hansteen Holdings plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

X

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation:

Lloyds Banking Group plc

4. Full name of shareholder(s) (if different from 3.):

See Section 9.

5. Date of the transaction and date on which the threshold is crossed or reached:

21 April 2011

6. Date on which issuer notified:

27 April 2011

7. Threshold(s) that is/are crossed or reached:

Direct/Indirect increased to above 6%

(See Section 13)

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

Ord 10p Shares

23,228,359

23,228,359

1,970,566

1,970,566

22,833,800

0.434%

5.033%

GB00B0PPFY88

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/ConversionPeriod

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exerciseprice

Expirationdate

Exercise/Conversionperiod

Number of votingrights instrumentrefers to

% of voting rights

Open Offer Shares

06/05/2011

 6,764,083

Nominal

Delta

 1.491%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

31,568,449

6.959%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:

Holdings consist of the following positions:

Shares

24,791,592 shares (5.465%) are under the control of Scottish Widows Investment Partnership Ltd, a wholly owned subsidiary of Scottish Widows Investment Partnership Group Ltd, a wholly owned subsidiary of Scottish Widows Group Ltd, a wholly owned subsidiary of Lloyds TSB Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc (Indirect Interests).

Open Offer Shares

Scottish Widows Investment Partnership Ltd have the right to subscribe for 6,761,343 open offer shares. Scottish Widows Investment Partnership Ltd is a wholly owned subsidiary of Scottish Widows Investment Partnership Group Ltd, a wholly owned subsidiary of Scottish Widows Group Ltd, a wholly owned subsidiary of Lloyds TSB Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc.

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

Notification using the Total Voting Rights figure of 453,648,064

On 21 April, CMI Asset Management, a subsidiary of Lloyds Banking Group plc received a transfer in of shares. These shares represent a financial instrument within the scope of DTR 5 relating to Hansteen Holdings plc, The issuer.

This TR1 notification has therefore been prepared taking into account the entitlement to open offer shares pursuant to DTR 5.3.1

14. Contact name:

Matthew Willson

15. Contact telephone number:

0113 2357729