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               22 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      221,256,108     4.20%    11,474,897      0.22%
securities
(2) Derivatives    35,725,663     0.68%    15,299,389      0.29%
(other than
options)
(3) Options and     4,334,686     0.08%    20,952,343      0.40%
agreements to
purchase/sell
Total             261,316,457     4.96%    47,726,629      0.91%

(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      6,994                2.2250
Purchase      731                  2.1148
Purchase      30,883               2.1380
Purchase      6,352                2.0900
Purchase      97,202               2.1384
Purchase      2,314                2.1148
Purchase      471,785              2.1383
Purchase      11,233               2.1148
Purchase      1,561,610            2.1383
Purchase      37,178               2.1148
Purchase      125,332              2.0900
Purchase      68,068               7.5900
Purchase      68,068               7.5900
Purchase      1,065                2.1148
Purchase      178,172              2.1811
Purchase      543                  Transfer
Purchase      110                  Transfer
Purchase      51,101               2.1811
Purchase      1,304,467            2.2250
Purchase      1                    Transfer
Purchase      495                  2.0853
Purchase      33,485               2.1563
Purchase      228                  Transfer
Purchase      1,449                2.2250
Purchase      155,094              2.2250
Purchase      1,260                2.1713
Purchase      84,147               2.1811
Purchase      78                   Transfer
Purchase      219,539              2.0900
Purchase      77,014               2.0900
Purchase      5,300                2.1768
Purchase      15,778               2.0900
Purchase      625,625              2.2250
Purchase      5,030                2.1268
Purchase      6,550                2.1268
Purchase      12,908               2.1268
Purchase      44,927               2.1381
Purchase      23,896               2.1365
Purchase      9,211                2.1373
Purchase      216                  2.1148
Purchase      196                  2.1148
Purchase      34,974               2.1380
Purchase      3,189                2.1463
Purchase      830                  2.1148
Purchase      45,524               2.1381
Purchase      1,081                2.1148
Purchase      85,035               2.1383
Purchase      2,029                2.1148
Purchase      1,560                2.1148
Purchase      8,435                2.1373
Purchase      65,821               2.1381
Sale          155,094              2.2250
Sale          210                  2.1925
Sale          547                  Transfer
Sale          1,227,346            2.0994
Sale          1,091                2.2399
Sale          543                  Transfer
Sale          370                  Transfer
Sale          946,230              2.1602
Sale          1,498                2.2375
Sale          54,947               2.0900
Sale          142                  2.3325
Sale          252                  2.1972
Sale          2,475                2.0997
Sale          1,325,000            2.6000
Sale          1,318                1.9100
Sale          155,094              2.1782
Sale          58                   2.3975
Sale          12,821               2.2250
Sale          204                  2.1975
Sale          4,93                 6 2.2250
Sale          1,780                2.1298
Sale          88,322               2.0900
Sale          152                  2.3375
Sale          27,867               2.0900
Sale          68,068               7.5900
Sale          2,118                2.1298
Sale          78                   Transfer
Sale          660                  Transfer
Sale          1,449                2.2250
Sale          35,040               2.3729
Sale          504                  2.2025
Sale          1,304,467            2.2250
Sale          191                  2.3975
Sale          6,994                2.2250
Sale          2,697                2.1298
Sale          26,580               2.1767
Sale          766                  2.1298
Sale          110                  Transfer
Sale          12,797               2.2250
Sale          77,014               2.0900
Sale          228                  Transfer
Sale          71                   2.1075
Sale          208                  2.1750
Sale          18,930               2.4000

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Long          2475          2.0996
CFD            Long          54535         2.1374
CFD            Long          844460        2.1376
CFD            Long          252           2.1972
CFD            Short         495           2.0853
CFD            Short         1260          2.1712

(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                         23 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                   799.0000         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                   899.0000         EURO           19/12/2008
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                    360.0000         EURO           19/06/2009
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            6.7900           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