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               23 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      221,049,460     4.20%     6,106,334      0.12%
securities
(2) Derivatives    35,659,657     0.68%    14,377,471      0.27%
(other than
options)
(3) Options and     4,334,686     0.08%    20,952,343      0.40%
agreements to
purchase/sell
Total             261,043,803     4.95%    41,436,148      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      1,650                1.8990
Purchase      1,100                1.8990
Purchase      2,075                1.8990
Purchase      2,000                1.8990
Purchase      6,700                1.8990
Purchase      2,650                1.8990
Purchase      1,250                1.8990
Purchase      10,750               1.8990
Purchase      1,050                1.8990
Purchase      2,025                1.8990
Purchase      2,525                1.8990
Purchase      2,650                1.8990
Purchase      1,250                1.8990
Purchase      2,000                1.8990
Purchase      3,950                1.8990
Purchase      1,850                1.8990
Purchase      71,501               1.8633
Purchase      242                  Transfer
Purchase      455,717              1.8908
Purchase      1,574                Transfer
Purchase      33,052               1.9018
Purchase      9,041                1.9860
Purchase      5,545                1.8900
Purchase      168                  1.8613
Purchase      1,450                1.8990
Purchase      115,692              2.0900
Purchase      4,050                1.8990
Purchase      3,340                1.8990
Purchase      2,250                1.8990
Purchase      1,300                1.8990
Purchase      4,300                1.8990
Purchase      1,650                1.8990
Purchase      3,425                1.8990
Purchase      925                  1.8990
Purchase      219,539              2.0900
Purchase      1,700                1.8990
Purchase      2,375                1.8990
Purchase      5,400                1.8990
Purchase      900                  1.8990
Purchase      23,951               1.7923
Purchase      140,000              2.0900
Purchase      1,650                1.9030
Purchase      5,700                1.8990
Purchase      2,050                1.8990
Purchase      1,050                1.8990
Purchase      87,500               1.8020
Purchase      22,183               1.8639
Purchase      28,818               1.8639
Purchase      33,052               1.9019
Purchase      56,783               1.8639
Purchase      1,200                1.8900
Purchase      2,775                1.9030
Purchase      1,050                1.8990
Purchase      1,300                1.8990
Purchase      1,600                1.8990
Purchase      2,650                1.8990
Purchase      1,150                1.8990
Purchase      1,300                1.8990
Purchase      1,050                1.8990
Purchase      1,975                1.9030
Purchase      2,325                1.8990
Purchase      3,670                1.8603
Purchase      1,825                1.9030
Purchase      950                  1.8990
Sale          1,285                2.0653
Sale          295                  2.1675
Sale          212                  2.1675
Sale          143                  2.1675
Sale          242                  Transfer
Sale          284                  Transfer
Sale          495                  1.8807
Sale          252                  1.8098
Sale          1,574                3.1054
Sale          126                  1.8450
Sale          15,154               1.8793
Sale          30,256               1.8536
Sale          4,309                1.8793
Sale          4,270                1.8020
Sale          151,007              1.8020
Sale          833                  1.9030
Sale          11,907               1.8793
Sale          7,000                1.8340
Sale          5,000                1.8340
Sale          1,100                1.8680
Sale          4,555                2.0900
Sale          10,010               1.8793
Sale          33,052               1.9018
Sale          1,000,000            1.8011
Sale          115,692              2.0900
Sale          70                   Transfer
Sale          5,000                1.8637
Sale          96                   2.1675
Sale          219,539              2.0900
Sale          558                  Transfer
Sale          500                  1.8510

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Long          252           1.8098
CFD            Long          921834        1.8633
CFD            Long          5000          1.8637
CFD            Long          495           1.8807
CFD            Short         168           1.8612
CFD            Short         71501         1.8632

(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                         24 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   1,000,000              3.0000           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   -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   207,929                7.7482           EURO           26/05/2009
Option            Purchased   -124,757               0.0000           EURO           26/05/2009
Option            Purchased   3,000,000              3.0000           EURO           19/12/2008
Option            Purchased   -10,010,411            6.7900           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                7.7482           EURO           26/05/2009

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