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               11 November 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      247,683,936    4.58%     4,284,223     0.08%
securities
(2) Derivatives    40,856,394    0.76%    35,768,143     0.66%
(other than
options)
(3) Options and     5,459,012    0.10%    20,952,219     0.39%
agreements to
purchase/sell
Total             293,999,342    5.44%    61,004,585     1.13%

(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                24,230                1.0770
Purchase                373                   Transfer
Purchase                35,862                .9920
Purchase                4,312                 .9920
Purchase                40,000                1.0900
Purchase                171,535               1.0770
Purchase                10,000                1.0310
Purchase                187,002               .9920
Purchase                210,396               .9920
Purchase                9,154                 1.0300
Purchase                20,000                1.0900
Purchase                7,348                 .9920
Purchase                3,619                 .9860
Purchase                20,000                1.0900
Purchase                665,400               .9920
Purchase                5,182                 1.0300
Sale                    24,230                1.0770
Sale                    23,731                1.0167
Sale                    285                   1.0255
Sale                    17,844                1.0569
Sale                    9,836                 1.0167
Sale                    537                   Transfer
Sale                    579                   Transfer
Sale                    379                   .9973
Sale                    373                   Transfer
Sale                    20,975                .9930
Sale                    5,017                 1.0460
Sale                    9,836                 1.0167
Sale                    171,535               1.0770
Sale                    404                   Transfer
Sale                    513                   .9931
Sale                    1,641                 .9931
Sale                    369                   1.0441
Sale                    1,128                 1.0451
Sale                    6,083                 .9920
Sale                    482                   1.0091
Sale                    309,532               .9920
Sale                    3,398                 1.0125
Sale                    323                   .9963

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Long          285           1.0255
CFD            Long          17844         1.0568
CFD            Short         10000         1.031

(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                         12 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   -1,501,562             3.7960           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   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   -10,010,411            9.7900           EURO           18/12/2009
Option            Purchased   -500                   639.0000         EURO           18/12/2009
Option            Purchased   -2,002,082             5.6941           AMER           17/12/2010
Option            Purchased   3,000,000              3.0000           EURO           19/12/2008
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   1,124,326              2.3072           EURO           02/04/2009
Option            Purchased   -3,000,000             3.0000           EURO           19/12/2008

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