1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

HBOS Plc

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached 

An event changing the breakdown of voting rights

Other (please specify):______________

3. Full name of person(s) subject to the notification obligation:

The Commissioners of Her Majesty's Treasury

4. Full name of shareholder(s) (if different from 3.):

The Solicitor for the Affairs of Her Majesty's Treasury

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

15 January 2009

6. Date on which issuer notified:

15 January 2009

7. Threshold(s) that is/are crossed or reached:

57%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares 

 if possible using the ISIN CODE

Situation previous to the Triggering transaction 

Resulting situation after the triggering transaction

Number of Shares 

Number of Voting Rights 

Number of shares 

Number of voting rights

% of voting rights

Direct  

Indirect 

Direct

Indirect

Ord 25p

GB0030587504

-

-

7,464,701,471

7,464,701,471

57.92%

B: Financial Instruments

Resulting situation after the triggering transaction 

Type of financial instrument 

Expiration date 

Exercise/ Conversion Period/ Date 

Number of voting rights that may be acquired if the instrument is exercised/ converted. 

% of voting rights

Total (A+B)

Number of voting rights

% of voting rights

7,464,701,471

57.92%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

UK Financial Investments Limited, a company wholly-owned by Her Majesty's Treasury, is entitled to exercise control over the voting rights which are the subject of this notification (pursuant to certain management arrangements agreed with Her Majesty's Treasury)

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

The Solicitor for the Affairs of Her Majesty's Treasury is acting as nominee for Her Majesty's Treasury

14. Contact name:

Rebecca Lane

15. Contact telephone number:

020 7270 5665