Rule 8.3 - BAA

Lloyds TSB - Securities Administration
                  

FORM 8.3

DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE

(Rule 8.3 of the City Code on Takeovers and Mergers)

1. KEY INFORMATION

Name of person dealing  (Note 1)                         Lloyds TSB
                                                          Group Plc
                                                          and its
                                                          Subsidiaries
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Company dealt in                                         BAA Plc (BAA)
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Class of relevant security to which the dealings being   Ord GBP1
 disclosed relate (Note 2)
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Date of dealing                                          23 February
                                                          2006
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2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a) Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)
                                                  Long         Short
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                                            Number        (%)Number(%)
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(1) Relevant securities                     45,801,715 4.246%
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(2) Derivatives (other than options)
----------------------------------------------------------------------
(3) Options and agreements to purchase/sell
----------------------------------------------------------------------
Total                                       45,801,715 4.246%Nil   Nil
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(b) Interests and short positions in relevant securities of the company, other
than the class dealt in (Note 3)
            Class of relevant security:               Long     Short
----------------------------------------------------------------------
                                                    Number(%)Number(%)
----------------------------------------------------------------------
(1) Relevant securities
----------------------------------------------------------------------
(2) Derivatives (other than options)
----------------------------------------------------------------------
(3) Options and agreements to purchase/sell
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Total                                               Nil   NilNil   Nil
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(c) Rights to subscribe (Note 3)

Class of relevant security:                                    Details
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3. DEALINGS (Note 4)

(a) Purchases and sales

Purchase/sale                                       Number of  Price
                                                     securities per
                                                                unit
                                                                (Note
                                                                5)
                                                               (GBP)
----------------------------------------------------------------------
SALE                                                       494  8.117
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SALE                                                       121   8.12
----------------------------------------------------------------------
SALE                                                       227 8.1233
----------------------------------------------------------------------
SALE                                                       730  8.137
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SALE                                                     4,178 8.1405
----------------------------------------------------------------------
SALE                                                     1,991 8.1414
----------------------------------------------------------------------
SALE                                                     1,259  8.142
----------------------------------------------------------------------
SALE                                                       780 8.1464
----------------------------------------------------------------------
SALE                                                     1,284 8.1514
----------------------------------------------------------------------
SALE                                                       325  8.152
----------------------------------------------------------------------
SALE                                                       786 8.1526
----------------------------------------------------------------------
SALE                                                       455 8.1564
----------------------------------------------------------------------
SALE                                                       540 8.1576
----------------------------------------------------------------------
SALE                                                       305 8.1614
----------------------------------------------------------------------
SALE                                                     1,055 8.1626
----------------------------------------------------------------------
SALE                                                     3,192 8.1664
----------------------------------------------------------------------
SALE                                                     2,436  8.167
----------------------------------------------------------------------
SALE                                                    12,094   8.17
----------------------------------------------------------------------
SALE                                                       391  8.172
----------------------------------------------------------------------
SALE                                                     5,164   8.18
----------------------------------------------------------------------
SALE                                                       550 8.1814
----------------------------------------------------------------------
SALE                                                       561 8.1826
----------------------------------------------------------------------
SALE                                                       871 8.1876
----------------------------------------------------------------------
SALE                                                       672 8.1914
----------------------------------------------------------------------
SALE                                                       525  8.192
----------------------------------------------------------------------
SALE                                                       430 8.1926
----------------------------------------------------------------------
SALE                                                       355  8.212
----------------------------------------------------------------------
SALE                                                       655 8.2164
----------------------------------------------------------------------
SALE                                                       820 8.2214
----------------------------------------------------------------------
SALE                                                     1,635 8.2514
----------------------------------------------------------------------
SALE                                                     1,932  8.252
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(b) Derivatives transactions (other than options)

Product name,                              Long/shortNumber of  Price
e.g. CFD                                    (Note 6)  securities per
                                                      (Note 7)   unit
                                                                 (Note
                                                                 5)
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(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product   Writing,    Number of  ExerciseType, e.g.ExpiryOption money
 name,     selling,    securitiesprice    American,date  paid/received
e.g. call  purchasing, to which           European        per unit
 option    varying     the option         etc.            (Note 5)
           etc.        relates
                       (Note 7)
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(ii) Exercising

Product name, e.g. call option                     Number of  Exercise
                                                    securities price
                                                               per
                                                               unit
                                                               (Note
                                                               5)
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(d) Other dealings (including new securities) (Note 4)

Nature of transaction (Note 8)                     DetailsPrice per
                                                           unit (if
                                                           applicable)
                                                           (Note 5)
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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.
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Is a Supplemental Form 8 attached? (Note 9) NO

Date of disclosure                                      24 February
                                                         2006
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Contact name                                            Anthony
                                                         Bridges
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Telephone number                                        020 7921 3135
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If a connected EFM, name of offeree/offeror with which
 connected                                                        N/A
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If a connected EFM, state nature of connection (Note 10)          N/A
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Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk