Rule 8.3 - HBOS PLC

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        BARCLAYS PLC
(Note 1)
Company dealt in              HBOS PLC
Class of relevant security    ORD GBP0.25
to which the dealings being
disclosed relate (Note 2)
Date of dealing               17 September 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 3)

                            Long                     Short

                      Number       (%)         Number       (%)

(1) Relevant      232,842,103     4.42%     5,386,239      0.10%
securities
(2) Derivatives    34,125,849     0.65%    19,681,176      0.37%
(other than
options)
(3) Options and     5,657,686     0.11%    20,949,969      0.40%
agreements to
purchase/sell
Total             272,625,638     5.17%    46,017,384      0.87%

(b)  Interests and short positions in relevant securities of the company, other
     than the class dealt in (Note 3)

Class of                    Long                     Short
relevant
security:

                  Number              (%)   Number              (%)

(1) Relevant
securities

(2) Derivatives
(other than
options)

(3) Options and
agreements to
purchase/sell

Total


  (c)  Rights to subscribe (Note 3)

Class of relevant security:   Details



3.   DEALINGS (Note 4)

  (a)  Purchases and sales

Purchase/sale Number of Securities Price per unit
                                   (GBP)
Purchase      300,681              1.9036
Purchase      10,000               1.6500
Purchase      1,043,488            1.9036
Purchase      47,115               1.7761
Purchase      616,539              1.8622
Purchase      40,430               1.7894
Purchase      3,498                1.6372
Purchase      477,255              1.9036
Purchase      600                  1.6700
Purchase      400                  1.9000
Purchase      76                   Transfer
Purchase      132                  Transfer
Purchase      55,190               1.7894
Purchase      7,518                1.9900
Purchase      458,112              1.8200
Purchase      19,600               1.4710
Purchase      100,000              1.9900
Purchase      27,820               1.7216
Purchase      4,024,391            1.5912
Purchase      436,754              1.4889
Purchase      2,127,235            1.8876
Purchase      449,371              1.7767
Purchase      77,800               1.9307
Purchase      1,900                1.5022
Purchase      504                  1.9357
Purchase      132                  Transfer
Purchase      16,000               1.3760
Purchase      3,000                1.5020
Purchase      6,991                1.4710
Purchase      5,150                1.9700
Purchase      990                  1.6803
Purchase      5,150                1.9700
Purchase      130,000              1.4930
Purchase      50,000               1.7300
Purchase      3,176                1.4710
Purchase      2,700                1.8556
Purchase      1,350                1.9246
Purchase      130,000              2.0100
Purchase      115,000              1.6450
Purchase      63,341               1.7761
Purchase      21,515               1.9447
Purchase      30,548               1.7761
Purchase      27,409               1.7761
Purchase      185,696              1.4710
Purchase      50,000               1.9100
Purchase      44,438               1.7761
Purchase      137,058              1.7761
Purchase      1,240                1.8370
Sale          627                  1.9032
Sale          400                  1.9000
Sale          136                  Transfer
Sale          232,825              1.9769
Sale          629                  Transfer
Sale          471                  Transfer
Sale          29,273               1.6835
Sale          484                  Transfer
Sale          1,400                1.8577
Sale          4,024,391            1.5912
Sale          525,653              1.6579
Sale          97,952               1.6857
Sale          445                  1.7010
Sale          77,800               1.8911
Sale          672                  1.7755
Sale          458,112              1.8200
Sale          132                  Transfer
Sale          450                  1.9000
Sale          3,498                1.8992
Sale          627,206              1.8512
Sale          391                  1.2500
Sale          303,936              1.9769
Sale          2,114,247            1.8719
Sale          135                  Transfer
Sale          76                   Transfer
Sale          100,000              1.7700
Sale          333                  1.8930
Sale          132                  Transfer
Sale          182                  Transfer
Sale          226,048              1.6929
Sale          1,200                1.9730
Sale          24,471               1.4710
Sale          600                  1.6700
Sale          19,600               1.4710
Sale          6,358                1.4710
Sale          70,107               1.4900
Sale          789,563              1.9769

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Long          22364         1.0724
CFD            Long          70107         1.4899
CFD            Long          4024391       1.5912
CFD            Long          525653        1.6578
CFD            Long          600           1.67
CFD            Long          97952         1.6856
CFD            Long          203684        1.761
CFD            Long          672           1.7754
CFD            Long          627206        1.8511
CFD            Long          1400          1.8577
CFD            Long          2114247       1.8719
CFD            Long          77800         1.8911
CFD            Long          3498          1.8991
CFD            Long          400           1.9
CFD            Short         436754        1.4889
CFD            Short         1900          1.5022
CFD            Short         3498          1.6372
CFD            Short         600           1.67
CFD            Short         990           1.6802
CFD            Short         259388        1.691
CFD            Short         763507        1.6911
CFD            Short         883631        1.6912
CFD            Short         27820         1.7216
CFD            Short         449371        1.7767
CFD            Short         616539        1.8622
CFD            Short         400           1.9
CFD            Short         271612        1.9151
CFD            Short         77800         1.9306
CFD            Short         504           1.9357

(c)  Options transactions in respect of existing securities

(i)  Writing, selling, purchasing or varying

Product name,   Writing,          Number of          Exercise  Type, e.g.      Expiry   Option money
e.g. call       selling,          securities to      price     American,       date     paid/received
option          purchasing,       which the option             European etc.            per unit (GBP)
                varying etc.      relates (GBP)


(ii) Exercising

Product name, e.g.  Number of           Exercise price per
call option         securities          unit (Note 5)




(d)  Other dealings (including new securities) (Note 4)


Nature of transaction Details           Price per unit
(Note 8)                                (if applicable)
                                        (Note 5)




4.   OTHER INFORMATION
None

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 8 attached? (Note 9)                 YES


Date of disclosure                         18 September 2008
Contact name                               Geoff Smith
Telephone number                           020 7116 2913
If a connected EFM, name of
offeree/offeror with which connected
If a connected EFM, state nature of
connection (Note 10)




Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at

SUPPLEMENTAL FORM 8

DETAILS OF OPEN POSITIONS
(This form should be attached to Form 8.1, Form 8.1(b)(ii) or Form 8.3, as appropriate)

OPEN POSITIONS (Note 1)
Product name,     Written or  Number of securities   Exercise price   Type, e.g.     Expiry date
e.g. call option  purchased   to which the option    (Note 2)         American,
                              or derivative relates                   European etc.
Option            Purchased   -1,501,562             3.7960           AMER           17/12/2010
Option            Purchased   207,929                7.7482           EURO           26/05/2009
Option            Purchased   1,000,000              3.0000           EURO           19/12/2008
Option            Purchased   1,325,000              2.6000           AMER           19/09/2008
Option            Purchased   3,000,000              3.0000           EURO           19/12/2008
Option            Purchased   -10,010,411                             EURO           18/12/2009
Option            Purchased   124,757                7.7482           EURO           26/05/2009
Option            Purchased   -2,002,082             5.6941           AMER           17/12/2010
Option            Purchased   -124,757               0.0000           EURO           26/05/2009
Option            Purchased   -1,001,041             4.7850           AMER           17/12/2010
Option            Purchased   -1,000,000             3.0000           EURO           19/12/2008
Option            Purchased   -750,781               3.9958           AMER           17/12/2010
Option            Purchased   -750,781               8.4912           EURO           19/12/2008
Option            Purchased   -600,625               3.9958           AMER           17/12/2010
Option            Purchased   -207,929               0.0000           EURO           26/05/2009
Option            Purchased   -3,000,000             3.0000           EURO           19/12/2008

Notes

1. Where there are open option positions or open derivative positions (except for CFDs), full details should be given.
Full details of any  existing agreements to purchase or to sell  should also be given on this form.

2. For all prices and other monetary amounts, the currency must be stated.

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
www.thetakeoverpanel.org.uk