Rule 8.3 - Scottish Power

Lloyds TSB - Securities Administration
                  

DEALINGS BY PERSONS WHO OWN OR CONTROL 1% OR MORE OF ANY CLASS OF RELEVANT
                               SECURITY
         (Rule 8.3 of The City Code on Takeovers and Mergers)


Name of purchaser/vendor *                  Lloyds TSB Group Plc
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Company dealt in                            Scottish Power Plc  (SPW)
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Relevant security dealt in                  Ord GBP0.50
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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, nature of connection #  N/A
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Date of dealing                             14/102005
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DEALINGS †


Amount bought                               Price per unit (currency must be stated)
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376                                         5.7295 GBP
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648                                         5.7345 GBP
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445                                         5.7389 GBP
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341                                         5.7395 GBP
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303                                         5.7494 GBP
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851                                         5.7544 GBP
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476                                         5.7595 GBP
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357                                         5.7644 GBP
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Amount sold                                 Price per unit (currency must be stated)
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634                                         5.7215 GBP
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343                                         5.7305 GBP
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587                                         5.7315 GBP
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2321                                        5.785 GBP
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Resultant total amount and percentage of the
 same relevant security owned or controlled 41,904,121 (2.239 %)
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IS A SUPPLEMENTAL FORM 8 (DERIVATIVE)/FORM 8 (OPTION) ATTACHED? YES/ NO


Date of disclosure                          17/10/2005
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Contact name                                Michael Sterling
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Telephone number                            0207/921/3133
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* Specify the owner or controller in addition to the person dealing. The naming
of nominees or vehicle companies is insufficient. In the case of disclosure of
dealings by fund managers on behalf of discretionary clients, the clients need
not be named.

# See the definition of "connected fund managers and principal traders" in the
Definitions Section of the Code.

† If disclosing dealings/holdings in derivatives or options, please attach
Supplemental Form 8 (Derivative) or Supplemental Form 8 (Option), as
appropriate.

For details of the Code's dealing disclosure requirements, see Rule 8 and its
Notes which can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.