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               31 October 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      245,902,748    4.55%      5,025,882    0.09%
securities
(2) Derivatives    40,917,521    0.76%     35,768,303    0.66%
(other than
options)
(3) Options and     4,334,686    0.08%     20,952,343    0.39%
agreements to
purchase/sell
Total             291,154,955    5.39%     61,746,528    1.14%

(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             Price per unit
                        Securities            (GBP)
Purchase                5,879                 .9930
Purchase                692,184               .9400
Purchase                16,739                .9991
Purchase                1,000                 .9772
Purchase                2,160,333             .9400
Purchase                475                   .9759
Purchase                29,738                .9810
Purchase                8,629                 .9930
Purchase                166,781               1.0036
Purchase                122,346               .9930
Purchase                18,237                .9930
Purchase                151,007               .9930
Purchase                8,832                 .9930
Purchase                35,066                .9930
Purchase                10,688                .9930
Purchase                6,014                 .9930
Purchase                21,551                .9930
Purchase                125,147               .9930
Purchase                1,045                 .9930
Purchase                27,979                .9930
Purchase                1,344                 .9930
Sale                    692,184               .9400
Sale                    451                   .9061
Sale                    2,232                 .9930
Sale                    206                   .9131
Sale                    6                     .9581
Sale                    387                   .9761
Sale                    27,000                .9673
Sale                    21,047                .9500
Sale                    2,160,333             .9400
Sale                    290                   .9131
Sale                    2,367                 .9930
Sale                    607                   .9331
Sale                    2,052                 .9141
Sale                    11,034                .9930
Sale                    11,760                .9930
Sale                    13,237                .9930
Sale                    37,063                .9930
Sale                    3,505                 .9930
Sale                    79                    .9221
Sale                    312                   .9781
Sale                    16,988                .9930
Sale                    384                   .9861
Sale                    11,383                .9598
Sale                    94                    .9021
Sale                    248,320               .9509
Sale                    63                    .9728
Sale                    190                   .9011
Sale                    38,041                .9930

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Long          248320        0.9508
CFD            Long          27000         0.9672
CFD            Long          63            0.9728
CFD            Long          26661         0.9933
CFD            Short         475           0.9759
CFD            Short         1000          0.9771
CFD            Short         29738         0.981

(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                         03 November 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   -500                   799.0000         EURO           18/12/2009
Option            Purchased   -1,000,000             3.0000           EURO           19/12/2008
Option            Purchased   1,000,000              3.0000           EURO           19/12/2008
Option            Purchased   3,000,000              3.0000           EURO           19/12/2008
Option            Purchased   -250                   879.0000         EURO           18/12/2009
Option            Purchased   -10,010,411                             EURO           18/12/2009
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   -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   -3,000,000             3.0000           EURO           19/12/2008
Option            Purchased   -500                   719.0000         EURO           18/12/2009
Option            Purchased   207,929                7.7482           EURO           26/05/2009
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   -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   -500                  639.0000          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