Rule 4.2 re HBOS

Lloyds TSB Group Plc
                  

Lloyds TSB Group plc

Notice in accordance with Rule 4.2 of the City Code

11 November 2008

Pursuant to Rule 4.2 of the City Code on Takeovers and Mergers, Lloyds TSB Group
Plc and its subsidiaries hereby give 24 hours notice of its intention to sell
560,634 ordinary shares in HBOS plc. The sale is being made by Lloyds in its
capacity as an ISA Plan Manager following the business decision, notified to the
planholders on 12 September 2008, to collectivise its Managed ISA product by
moving from direct equities into collective funds. The Panel Executive has
informed Lloyds on an ex parte basis that such sales are permitted and have no
Code consequences.