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               19 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      221,229,262     4.20%     5,852,519      0.11%
securities
(2) Derivatives    34,824,688     0.66%    15,298,381      0.29%
(other than
options)
(3) Options and     4,334,686     0.08%    20,952,343      0.40%
agreements to
purchase/sell
Total             260,388,636     4.94%    42,103,243      0.80%

(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      3,179                2.2250
Purchase      5,849                2.2250
Purchase      3,346                2.2250
Purchase      173                  Transfer
Purchase      35,895               2.2101
Purchase      106                  Transfer
Purchase      30,000               2.3025
Purchase      1,008                2.3030
Purchase      1,025                1.4710
Purchase      2,401                2.3087
Purchase      3,581                2.2250
Purchase      1,019                2.2250
Purchase      451,496              2.4091
Purchase      146,841              2.2250
Purchase      93,200               2.3999
Purchase      250,000              1.8261
Purchase      2,000,000            2.2261
Purchase      72,542               2.2250
Purchase      96,685               2.3199
Purchase      990                  1.9918
Purchase      4,508                2.2250
Purchase      3,097                2.2250
Purchase      1                    2.2250
Purchase      14,168               2.2250
Purchase      822,512              2.1948
Purchase      550,068              2.3875
Purchase      149,175              2.3932
Purchase      50,000               1.8594
Purchase      25,377               1.4710
Purchase      35,909               2.2250
Sale          190,833              2.2700
Sale          35,909               2.2250
Sale          56,111               2.2512
Sale          31,114               2.2250
Sale          1,893                Transfer
Sale          45,000               2.1000
Sale          899                  2.2500
Sale          31                   Transfer
Sale          2,401                2.3087
Sale          7,518                2.4000
Sale          661                  Transfer
Sale          1,470                2.2950
Sale          106                  Transfer
Sale          1,811                Transfer
Sale          2,863,286            2.3055
Sale          173                  Transfer
Sale          3,346                2.2250
Sale          450                  Transfer
Sale          190,833              2.2700
Sale          822,512              2.1948
Sale          10,000               2.2325
Sale          800,000              2.1146
Sale          1,207                2.2250
Sale          7,700                2.3300
Sale          357,968              2.2250
Sale          25,377               1.4710
Sale          1,025                1.4710
Sale          5,826                2.3983
Sale          17,452               2.3983
Sale          31,131               2.3983
Sale          36,390               2.3983
Sale          17,743               2.3983
Sale          1,200                2.4150
Sale          4,473                2.2250
Sale          939,993              2.2277
Sale          29,057               2.3983
Sale          9,194                2.3983
Sale          41,802               2.3983
Sale          4,087                2.3983
Sale          251,641              2.3983
Sale          20,338               2.3983
Sale          500                  2.1675
Sale          388,990              2.2250
Sale          6,471                2.2250
Sale          17                   2.2250
Sale          3,000                2.3800
Sale          17,616               2.3983
Sale          3,500                2.2975
Sale          3,500                2.2975
Sale          72,542               2.2250
Sale          1,000                2.3900
Sale          58,407               2.2843
Sale          21,882               2.3983
Sale          11,448               2.3983
Sale          4,600                2.3900
Sale          1,600                2.2500
Sale          850                  2.2750
Sale          10,000               2.2900
Sale          60,000               2.4150
Sale          800                  2.2000

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Long          899           2.25
CFD            Long          56111         2.2512
CFD            Long          58407         2.2842
CFD            Long          2401          2.3087
CFD            Long          96685         2.3199
CFD            Long          474021        2.32
CFD            Short         250000        1.826
CFD            Short         990           1.9918
CFD            Short         1008          2.3029
CFD            Short         2401          2.3087
CFD            Short         96685         2.3198
CFD            Short         149175        2.3931
CFD            Short         93200         2.3999

(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                         22 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   -2,002,082             5.6941           AMER           17/12/2010
Option            Purchased   -500                   719.0000         EURO           18/12/2009
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   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           19/12/2008
Option            Purchased   -500                   639.0000         EURO           18/12/2009
Option            Purchased   -3,000,000             3.0000           EURO           19/12/2008
Option            Purchased   3,000,000              3.0000           EURO           19/12/2008
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   -10,010,411                             EURO           18/12/2009

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