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               06 January 2009

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     251,455,631     4.65%      6,338,472     0.12%
securities
(2) Derivatives   40,844,294     0.76%     33,821,844     0.63%
(other than
options)
(3) Options and    1,564,210     0.03%     15,449,907     0.29%
agreements to
purchase/sell
Total            293,864,135     5.44%     55,610,223     1.03%

(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        770,191                .6580
Purchase        21,561                 .6690
Purchase        1,814                  Transfer
Purchase        65,708                 .6780
Purchase        5,000                  .6808
Purchase        860,878                .6580
Purchase        3,674                  .6890
Purchase        28                     Transfer
Purchase        187,946                .6890
Purchase        385                    Transfer
Purchase        65,685                 .6780
Purchase        5,190                  .6926
Purchase        7,526                  .6926
Purchase        4,576                  .6890
Purchase        465                    Transfer
Sale            65,685                 .6780
Sale            4,629                  .6690
Sale            350                    .6920
Sale            286                    .6710
Sale            190                    .6708
Sale            269                    .6630
Sale            1,814                  Transfer
Sale            465                    Transfer
Sale            176                    .6930
Sale            2,500                  .6809
Sale            770,191                .6580
Sale            423                    .6720
Sale            3,649,111              .6809
Sale            667                    .6690
Sale            799                    .6690
Sale            711                    .6710
Sale            4,104                  .6630
Sale            605                    .6690
Sale            860,878                .6580
Sale            423                    .6720
Sale            587                    Transfer
Sale            574                    .6720
Sale            333                    .6720
Sale            513                    .6720
Sale            2,652                  .6690
Sale            217                    Transfer
Sale            65,708                 .6780
Sale            240                    Transfer
Sale            424                    .6720

(b)  Derivatives transactions (other than options)
Product name,  Long/Short      Number of       Price per
(e.g. CFD)     (Note 6)        Securities      unit (GBP)
CFD            Long            190             0.6708
CFD            Long            2500            0.6808
CFD            Short           5000            0.6808

(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                         07 January 2009
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
www.thetakeoverpanel.org.uk

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   -1,001,041             4.7850           AMER           17/12/2010
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   500                    360.0000         EURO           19/06/2009
Option            Purchased   500                    360.0000         EURO           19/06/2009
Option            Purchased   -10,010,411            9.7900           EURO           18/12/2009
Option            Purchased   -500                   719.0000         EURO           18/12/2009
Option            Purchased   -1,501,562             3.7960           AMER           17/12/2010
Option            Purchased   1,124,326              2.3072           EURO           02/04/2009
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   106,198                0.9971           EURO           03/06/2009
Option            Purchased   124,757                7.7482           EURO           26/05/2009
Option            Purchased   207,929                7.7482           EURO           26/05/2009
Option            Purchased   -2,002,082             5.6941           AMER           17/12/2010

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