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               18 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      223,904,165     4.25%     4,646,300      0.09%
securities
(2) Derivatives    35,388,627     0.67%    15,957,385      0.30%
(other than
options)
(3) Options and     5,659,686     0.11%    20,952,911      0.40%
agreements to
purchase/sell
Total             264,952,478     5.03%    41,556,596      0.79%

(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      45,000               1.1600
Purchase      27,260               1.8300
Purchase      19,600               1.8820
Purchase      504                  2.0416
Purchase      877,853              1.4710
Purchase      1,500,000            1.7269
Purchase      240,917              1.8785
Purchase      45,075               1.4710
Purchase      2,663,848            1.8301
Purchase      30,000               1.9529
Purchase      4,508                1.7260
Purchase      45,075               1.6892
Purchase      250,000              1.8261
Purchase      2,300                2.2775
Purchase      793,716              1.2727
Purchase      2,014,678            1.7145
Purchase      263                  Transfer
Purchase      643,520              1.9328
Purchase      1,004,880            2.1003
Purchase      500                  1.9180
Purchase      180,000              2.2371
Purchase      2,772                1.9063
Purchase      26,386               1.8782
Purchase      70,211               2.1250
Purchase      27,598               2.1250
Purchase      152,566              1.8433
Purchase      44,481               1.8782
Purchase      125,533              1.7260
Purchase      3,500                1.8380
Purchase      1,750                1.8308
Purchase      4,975                1.8140
Purchase      217,538              1.8782
Purchase      113,159              1.8782
Purchase      16,370               2.1250
Purchase      134,973              2.1250
Purchase      50,848               2.1250
Purchase      81,953               1.8782
Purchase      292                  Transfer
Purchase      16,314               1.7260
Purchase      3,500                1.8380
Purchase      11,013               1.8782
Sale          250,000              1.8261
Sale          268                  2.0170
Sale          3,206,915            2.0462
Sale          500                  1.9178
Sale          13,662               1.8673
Sale          104,254              2.0383
Sale          767,604              2.1199
Sale          997,766              2.0972
Sale          835,746              2.1660
Sale          1,554                3.1400
Sale          278,591              1.4635
Sale          45,075               1.4710
Sale          154                  1.7961
Sale          271,000              1.8691
Sale          105,691              1.4635
Sale          4,024,391            1.5920
Sale          679,156              1.9352
Sale          2,663,848            1.8301
Sale          245,000              2.0000
Sale          16,000               2.1100
Sale          100,000              2.0000
Sale          100,000              2.0350
Sale          1,915                1.7260
Sale          88,432               1.7260
Sale          500                  2.2300
Sale          575                  1.8700
Sale          33,586               1.7260
Sale          292                  Transfer
Sale          877,853              1.4710
Sale          642,293              1.9587
Sale          263                  Transfer
Sale          167,322              1.8805
Sale          160                  Transfer
Sale          185                  2.1307
Sale          141                  Transfer
Sale          13,073               2.2535
Sale          232,526              1.8805
Sale          162                  2.0352
Sale          265                  Transfer
Sale          11,200               1.9819
Sale          30,000               1.6545
Sale          875                  1.8997
Sale          82,145               1.4635
Sale          155                  1.9010
Sale          2,964,856            1.7293
Sale          577,218              1.8805

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Long          36780         1.8228
CFD            Long          410924        1.8266
CFD            Long          2663848       1.83
CFD            Long          136298        1.8342
CFD            Long          13662         1.8672
CFD            Long          875           1.8997
CFD            Long          500           1.9178
CFD            Long          642376        1.9415
CFD            Long          642293        1.9587
CFD            Long          11200         1.9819
CFD            Long          268           2.017
CFD            Long          104254        2.0382
CFD            Long          3206915       2.0461
CFD            Long          997766        2.0972
CFD            Long          835746        2.166
CFD            Long          13073         2.2534
CFD            Short         2663848       1.83
CFD            Short         1750          1.8307
CFD            Short         152566        1.8433
CFD            Short         240917        1.8785
CFD            Short         2772          1.9062
CFD            Short         500           1.918
CFD            Short         643520        1.9327
CFD            Short         504           2.0416
CFD            Short         1004880       2.1002
CFD            Short         16652         2.1425
CFD            Short         2300          2.2775

(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                         19 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   -3,000,000             3.0000           EURO           19/12/2008
Option            Purchased   -500                   719.0000         EURO           18/12/2009
Option            Purchased   -500                   759.0000         EURO           19/09/2008
Option            Purchased   -500                   799.0000         EURO           18/12/2009
Option            Purchased   -250                   879.0000         EURO           18/12/2009
Option            Purchased   -250                   879.0000         EURO           18/12/2009
Option            Purchased   -250                   899.0000         EURO           19/12/2008
Option            Purchased   -124                   899.0000         EURO           19/12/2008
Option            Purchased   -68                    759.0000         EURO           19/09/2008
Option            Purchased   250                    559.0000         EURO           19/12/2008
Option            Purchased   250                    559.0000         EURO           19/12/2008
Option            Purchased   500                    360.0000         EURO           19/06/2009
Option            Purchased   500                    360.0000         EURO           19/06/2009
Option            Purchased   -500                   639.0000         EURO           18/12/2009
Option            Purchased   -10,010,411            0.0000           EURO           18/12/2009
Option            Purchased   3,000,000              3.0000           EURO           19/12/2008
Option            Purchased   -2,002,082             5.6941           AMER           17/12/2010
Option            Purchased   -1,501,562             3.7960           AMER           17/12/2010
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   -124,757               0.0000           EURO           26/05/2009
Option            Purchased   124,757                7.7482           EURO           26/05/2009
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   500                    639.0000         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